Marriott International (NASDAQ:MAR) Price Target Lowered to $285.00 at Mizuho

Marriott International (NASDAQ:MAR) had its target price trimmed by Mizuho from $293.00 to $285.00 in a research report report published on Wednesday morning,Benzinga reports. The firm currently has a neutral rating on the stock.

A number of other research analysts have also recently issued reports on the company. Jefferies Financial Group decreased their target price on Marriott International from $295.00 to $226.00 and set a “hold” rating on the stock in a research report on Wednesday, April 9th. The Goldman Sachs Group reiterated a “neutral” rating and set a $245.00 price objective (down from $313.00) on shares of Marriott International in a research report on Monday, April 14th. UBS Group boosted their target price on shares of Marriott International from $294.00 to $301.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 12th. Argus raised their price objective on Marriott International from $300.00 to $330.00 and gave the company a “buy” rating in a research note on Thursday, January 16th. Finally, Morgan Stanley lowered their target price on Marriott International from $275.00 to $267.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 22nd. Fourteen investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $272.75.

Marriott International Stock Down 0.5 %

MAR stock opened at $257.97 on Wednesday. The company has a market cap of $70.66 billion, a PE ratio of 31.01, a price-to-earnings-growth ratio of 3.42 and a beta of 1.39. Marriott International has a 52 week low of $204.55 and a 52 week high of $307.52. The business has a 50-day simple moving average of $237.89 and a 200 day simple moving average of $266.34.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $2.32 earnings per share for the quarter, topping analysts’ consensus estimates of $2.25 by $0.07. The company had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $6.19 billion. Marriott International had a net margin of 9.46% and a negative return on equity of 116.67%. The firm’s quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.13 EPS. On average, analysts anticipate that Marriott International will post 10.1 EPS for the current fiscal year.

Marriott International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, February 27th were paid a $0.63 dividend. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.98%. Marriott International’s payout ratio is presently 28.70%.

Insider Activity at Marriott International

In other Marriott International news, CFO Kathleen K. Oberg sold 14,498 shares of Marriott International stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $278.07, for a total value of $4,031,458.86. Following the sale, the chief financial officer now owns 14,282 shares of the company’s stock, valued at approximately $3,971,395.74. The trade was a 50.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Susan C. Schwab sold 1,054 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $277.48, for a total transaction of $292,463.92. Following the sale, the director now owns 4,551 shares of the company’s stock, valued at approximately $1,262,811.48. The trade was a 18.80 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 31,694 shares of company stock valued at $8,938,132. 10.68% of the stock is owned by insiders.

Institutional Investors Weigh In On Marriott International

Several large investors have recently added to or reduced their stakes in MAR. Straightline Group LLC purchased a new position in shares of Marriott International in the fourth quarter worth about $495,000. NewEdge Wealth LLC raised its holdings in Marriott International by 34.4% during the 4th quarter. NewEdge Wealth LLC now owns 4,345 shares of the company’s stock valued at $1,212,000 after acquiring an additional 1,112 shares during the period. Union Bancaire Privee UBP SA purchased a new stake in shares of Marriott International during the fourth quarter worth $2,990,000. Markel Group Inc. grew its position in shares of Marriott International by 30.6% in the fourth quarter. Markel Group Inc. now owns 47,000 shares of the company’s stock valued at $13,110,000 after purchasing an additional 11,000 shares in the last quarter. Finally, Covea Finance lifted its holdings in Marriott International by 69.9% during the 4th quarter. Covea Finance now owns 60,540 shares of the company’s stock worth $16,887,000 after purchasing an additional 24,900 shares in the last quarter. Hedge funds and other 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.