Marriott International (NASDAQ:MAR) Given New $216.00 Price Target at Deutsche Bank Aktiengesellschaft

Marriott International (NASDAQ:MAR) had its price target decreased by Deutsche Bank Aktiengesellschaft from $222.00 to $216.00 in a research report released on Thursday, Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a hold rating on the stock.

MAR has been the subject of a number of other research reports. Robert W. Baird dropped their target price on shares of Marriott International from $252.00 to $245.00 and set a neutral rating for the company in a research report on Thursday. Susquehanna began coverage on shares of Marriott International in a report on Friday, June 21st. They set a neutral rating and a $255.00 price objective for the company. Wells Fargo & Company reduced their target price on Marriott International from $248.00 to $238.00 and set an equal weight rating on the stock in a report on Thursday. Mizuho raised their price target on Marriott International from $260.00 to $265.00 and gave the company a neutral rating in a report on Thursday, May 2nd. Finally, Barclays increased their target price on Marriott International from $240.00 to $251.00 and gave the stock an equal weight rating in a report on Wednesday, July 17th. Fourteen investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of Hold and a consensus price target of $241.22.

Marriott International Trading Down 1.8 %

NASDAQ:MAR traded down $3.89 during mid-day trading on Thursday, hitting $214.89. The company’s stock had a trading volume of 1,669,925 shares, compared to its average volume of 1,478,300. The company has a market capitalization of $61.38 billion, a price-to-earnings ratio of 22.15, a P/E/G ratio of 4.39 and a beta of 1.60. Marriott International has a fifty-two week low of $180.75 and a fifty-two week high of $260.57. The stock has a fifty day moving average of $238.43 and a 200-day moving average of $241.88.

Marriott International (NASDAQ:MAR) last posted its earnings results on Wednesday, July 31st. The company reported $2.50 EPS for the quarter, topping the consensus estimate of $2.49 by $0.01. Marriott International had a negative return on equity of 306.69% and a net margin of 12.01%. The business had revenue of $6.44 billion during the quarter, compared to the consensus estimate of $6.47 billion. During the same quarter last year, the company earned $2.26 EPS. Marriott International’s revenue was up 6.0% on a year-over-year basis. On average, equities analysts anticipate that Marriott International will post 9.31 earnings per share for the current fiscal year.

Marriott International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, May 24th were issued a dividend of $0.63 per share. This is an increase from Marriott International’s previous quarterly dividend of $0.52. This represents a $2.52 annualized dividend and a yield of 1.17%. The ex-dividend date was Thursday, May 23rd. Marriott International’s dividend payout ratio (DPR) is 26.01%.

Hedge Funds Weigh In On Marriott International

A number of large investors have recently added to or reduced their stakes in the company. Bangor Savings Bank raised its position in shares of Marriott International by 131.1% in the second quarter. Bangor Savings Bank now owns 104 shares of the company’s stock valued at $25,000 after purchasing an additional 59 shares during the period. Roble Belko & Company Inc raised its stake in Marriott International by 845.5% in the first quarter. Roble Belko & Company Inc now owns 104 shares of the company’s stock valued at $26,000 after purchasing an additional 93 shares in the last quarter. Hantz Financial Services Inc. bought a new position in Marriott International in the 2nd quarter valued at about $26,000. MFA Wealth Advisors LLC bought a new position in Marriott International in the second quarter valued at approximately $28,000. Finally, ORG Partners LLC lifted its stake in Marriott International by 72.6% during the fourth quarter. ORG Partners LLC now owns 126 shares of the company’s stock worth $29,000 after purchasing an additional 53 shares during the last quarter. Institutional investors own 70.70% of the company’s stock.

Marriott International Company Profile

Marriott International, Inc engages in operating, franchising, and licensing hotel, residential, timeshare, and other lodging properties worldwide. It operates its properties under the JW Marriott, The Ritz-Carlton, The Luxury Collection, W Hotels, St. Regis, EDITION, Bvlgari, Marriott Hotels, Sheraton, Westin, Autograph Collection, Renaissance Hotels, Le Méridien, Delta Hotels by Marriott, Tribute Portfolio, Gaylord Hotels, Design Hotels, Marriott Executive Apartments, Apartments by Marriott Bonvoy, Courtyard by Marriott, Fairfield by Marriott, Residence Inn by Marriott, SpringHill Suites by Marriott, Four Points by Sheraton, TownePlace Suites by Marriott, Aloft Hotels, AC Hotels by Marriott, Moxy Hotels, Element Hotels, Protea Hotels by Marriott, and City Express by Marriott brand names, as well as operates residences, timeshares, and yachts.