Morgan Stanley Cuts Marriott International (NASDAQ:MAR) Price Target to $250.00

Marriott International (NASDAQ:MAR) had its price objective cut by Morgan Stanley from $268.00 to $250.00 in a research note released on Tuesday morning, Benzinga reports. They currently have an overweight rating on the stock.

MAR has been the subject of a number of other reports. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Marriott International from $222.00 to $216.00 and set a hold rating for the company in a research report on Thursday, August 1st. Robert W. Baird decreased their price target 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, August 1st. Susquehanna initiated coverage on shares of Marriott International in a research report on Friday, June 21st. They issued a neutral rating and a $255.00 price objective for the company. BMO Capital Markets upped their price objective on shares of Marriott International from $235.00 to $240.00 and gave the company a market perform rating in a research report on Thursday, May 2nd. Finally, Mizuho upped their price objective on shares of Marriott International from $260.00 to $265.00 and gave the company a neutral rating in a research report on Thursday, May 2nd. Fifteen equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Marriott International currently has an average rating of Hold and an average price target of $241.89.

Marriott International Stock Up 1.0 %

Shares of Marriott International stock traded up $2.17 during trading on Tuesday, hitting $217.97. 1,214,086 shares of the company were exchanged, compared to its average volume of 1,517,678. Marriott International has a fifty-two week low of $180.75 and a fifty-two week high of $260.57. The stock has a market capitalization of $62.26 billion, a price-to-earnings ratio of 22.49, a P/E/G ratio of 4.24 and a beta of 1.60. The firm has a 50 day moving average price of $236.29 and a 200 day moving average price of $241.22.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $2.50 earnings per share for the quarter, beating the consensus estimate of $2.49 by $0.01. The company had revenue of $6.44 billion during the quarter, compared to the consensus estimate of $6.47 billion. Marriott International had a negative return on equity of 239.60% and a net margin of 12.01%. Marriott International’s revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the firm posted $2.26 EPS. Analysts predict that Marriott International will post 9.29 earnings per share for the current year.

Marriott International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, August 16th will be given a $0.63 dividend. The ex-dividend date is Friday, August 16th. This represents a $2.52 annualized dividend and a yield of 1.16%. Marriott International’s dividend payout ratio (DPR) is 26.01%.

Hedge Funds Weigh In On Marriott International

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. L & S Advisors Inc grew its position in Marriott International by 8.0% during the 2nd quarter. L & S Advisors Inc now owns 11,070 shares of the company’s stock worth $2,676,000 after purchasing an additional 819 shares in the last quarter. Pitti Group Wealth Management LLC boosted its stake in shares of Marriott International by 17.0% during the 2nd quarter. Pitti Group Wealth Management LLC now owns 2,827 shares of the company’s stock valued at $637,000 after buying an additional 410 shares during the period. Virtu Financial LLC acquired a new stake in shares of Marriott International during the 2nd quarter valued at $5,009,000. Citizens Financial Group Inc. RI boosted its stake in shares of Marriott International by 0.6% during the 2nd quarter. Citizens Financial Group Inc. RI now owns 45,521 shares of the company’s stock valued at $11,006,000 after buying an additional 287 shares during the period. Finally, One Capital Management LLC boosted its stake in shares of Marriott International by 37.6% during the 2nd quarter. One Capital Management LLC now owns 2,066 shares of the company’s stock valued at $499,000 after buying an additional 565 shares during the period. 70.70% of the stock is currently owned by hedge funds and other institutional investors.

About Marriott International

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.