Marriott International (NASDAQ:MAR) Price Target Raised to $295.00 at Jefferies Financial Group

Marriott International (NASDAQ:MAR) had its price objective upped by Jefferies Financial Group from $251.00 to $295.00 in a research note issued to investors on Thursday,Benzinga reports. Jefferies Financial Group currently has a hold rating on the stock.

Other equities research analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. increased their target price on shares of Marriott International from $251.00 to $269.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Stifel Nicolaus boosted their price objective on Marriott International from $252.00 to $283.00 and gave the company a “hold” rating in a research report on Tuesday, November 26th. Barclays lifted their price target on shares of Marriott International from $249.00 to $286.00 and gave the stock an “equal weight” rating in a research note on Friday, December 13th. Mizuho raised their price objective on shares of Marriott International from $233.00 to $246.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Finally, TD Cowen dropped their price target on shares of Marriott International from $295.00 to $283.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Fourteen analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Marriott International has a consensus rating of “Hold” and an average price target of $269.65.

Marriott International Stock Performance

Shares of NASDAQ:MAR opened at $275.28 on Thursday. Marriott International has a 52-week low of $204.55 and a 52-week high of $295.45. The company has a market cap of $76.50 billion, a P/E ratio of 28.80, a P/E/G ratio of 5.47 and a beta of 1.58. The stock’s 50-day moving average is $281.01 and its 200-day moving average is $253.76.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings results on Monday, November 4th. The company reported $2.26 EPS for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.05). Marriott International had a negative return on equity of 177.91% and a net margin of 11.18%. The business had revenue of $6.26 billion for the quarter, compared to analyst estimates of $6.27 billion. During the same quarter last year, the firm earned $2.11 earnings per share. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. As a group, equities analysts predict that Marriott International will post 9.26 EPS for the current year.

Marriott International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Thursday, November 21st were paid a $0.63 dividend. The ex-dividend date was Thursday, November 21st. This represents a $2.52 annualized dividend and a dividend yield of 0.92%. Marriott International’s dividend payout ratio (DPR) is currently 26.36%.

Insider Activity at Marriott International

In other Marriott International news, insider William P. Brown sold 1,707 shares of the stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $284.30, for a total value of $485,300.10. Following the transaction, the insider now owns 23,077 shares of the company’s stock, valued at approximately $6,560,791.10. This represents a 6.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Benjamin T. Breland sold 500 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $274.49, for a total value of $137,245.00. Following the transaction, the executive vice president now owns 12,286 shares of the company’s stock, valued at $3,372,384.14. The trade was a 3.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 13,815 shares of company stock worth $3,919,739 over the last 90 days. Insiders own 12.32% of the company’s stock.

Institutional Trading of Marriott International

A number of large investors have recently made changes to their positions in the company. Silvant Capital Management LLC acquired a new position in shares of Marriott International in the third quarter valued at approximately $31,000. Darwin Wealth Management LLC bought a new position in Marriott International during the 3rd quarter worth about $33,000. Cyrus J. Lawrence LLC acquired a new stake in shares of Marriott International in the 2nd quarter valued at about $36,000. Kathleen S. Wright Associates Inc. acquired a new position in shares of Marriott International during the third quarter worth about $40,000. Finally, Kimelman & Baird LLC bought a new position in shares of Marriott International during the second quarter worth about $41,000. 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, City Express by Marriott, and St.