Wall Street Zen upgraded shares of Marriott International (NASDAQ:MAR – Free Report) from a hold rating to a buy rating in a report published on Saturday morning,Wall Street Zen reports.
Other research analysts have also issued reports about the company. Stifel Nicolaus set a $402.00 price objective on Marriott International in a research note on Monday, November 2nd. Jefferies Financial Group reissued a “buy” rating on shares of Marriott International in a report on Wednesday, November 4th. Truist Financial boosted their target price on shares of Marriott International from $356.00 to $360.00 and gave the company a “hold” rating in a research note on Thursday, September 10th. Freedom Broker lowered shares of Marriott International from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 3rd. Finally, TD Cowen upgraded shares of Marriott International to a “strong-buy” rating in a research report on Tuesday, September 8th. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $399.04.
Marriott International Stock Performance
Shares of MAR stock traded down $1.50 during trading hours on Friday, hitting $423.16. The company had a trading volume of 1,907,906 shares, compared to its average volume of 1,727,323. Marriott International has a 12 month low of $280.99 and a 12 month high of $433.30. The firm has a market capitalization of $108.96 billion, a price-to-earnings ratio of 42.23, a PEG ratio of 3.04 and a beta of 1.15. The firm’s fifty day moving average is $374.81 and its 200 day moving average is $360.79.
Marriott International (NASDAQ:MAR – Get Free Report) last issued its earnings results on Monday, November 2nd. The company reported $3.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.84 by $0.18. The business had revenue of $7 billion during the quarter, compared to analysts’ expectations of $6.93 billion. Marriott International had a negative return on equity of 69.94% and a net margin of 9.68%. Marriott International’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.47 EPS. On average, sell-side analysts expect that Marriott International will post 12.10 EPS for the current fiscal year.
Marriott International Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Thursday, November 19th will be given a dividend of $0.73 per share. The ex-dividend date is Thursday, November 19th. This represents a $2.92 dividend on an annualized basis and a yield of 0.7%. Marriott International’s dividend payout ratio is 29.14%.
Insider Activity
In other Marriott International news, EVP Benjamin T. Breland sold 2,408 shares of the business’s stock in a transaction on Thursday, November 12th. The stock was sold at an average price of $424.52, for a total value of $1,022,244.16. Following the transaction, the executive vice president owned 21,243 shares of the company’s stock, valued at approximately $9,018,078.36. The trade was a 10.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Felitia Lee sold 736 shares of the stock in a transaction on Tuesday, November 10th. The stock was sold at an average price of $425.85, for a total value of $313,425.60. Following the sale, the chief accounting officer owned 5,634 shares in the company, valued at $2,399,238.90. The trade was a 11.55% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 92,953 shares of company stock worth $38,628,659. 11.43% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in MAR. Jump Financial LLC lifted its position in Marriott International by 145.4% during the 3rd quarter. Jump Financial LLC now owns 33,329 shares of the company’s stock worth $11,854,000 after buying an additional 19,749 shares in the last quarter. Flputnam Investment Management Co. grew its holdings in Marriott International by 85.6% during the 3rd quarter. Flputnam Investment Management Co. now owns 49,427 shares of the company’s stock worth $17,580,000 after acquiring an additional 22,802 shares during the last quarter. Perennial Investment Advisors LLC increased its position in Marriott International by 12.4% in the 3rd quarter. Perennial Investment Advisors LLC now owns 754 shares of the company’s stock valued at $268,000 after acquiring an additional 83 shares in the last quarter. L2 Asset Management LLC increased its position in Marriott International by 4.4% in the 3rd quarter. L2 Asset Management LLC now owns 1,251 shares of the company’s stock valued at $445,000 after acquiring an additional 53 shares in the last quarter. Finally, FORA Capital LLC bought a new position in shares of Marriott International in the third quarter worth about $15,310,000. 70.70% of the stock is owned by institutional investors.
Top Marriott International Stories
Investors following MAR have been watching these stories:
- Positive Sentiment: Marriott agreed to add a 350-room Courtyard hotel in Bengaluru, expanding its footprint in a major South Asian market. The project is a longer-term growth opportunity rather than an immediate earnings driver. Article: Marriott signs agreement for South Asia’s largest Courtyard Hotel in Bengaluru
- Positive Sentiment: Marriott’s latest reported quarter beat analyst expectations: adjusted earnings were $3.02 per share versus $2.84 expected, and revenue grew 8% year over year. This provides a supportive backdrop, though the results were reported earlier this month. Article: Marriott International CAO sells shares
- Neutral Sentiment: Marriott Bonvoy is offering 25% off stays through May 2027. The extended sale could encourage bookings, but discounting may also weigh on room rates and revenue per available room. Article: Marriott Bonvoy Cyber Week sale
Marriott International Company Profile
Marriott International is a global lodging company that manages, franchises, and licenses hotels, resorts, and other accommodations. Its portfolio spans luxury, premium, select-service, and extended-stay brands, including The Ritz-Carlton, St. Regis, W Hotels, Marriott, Sheraton, Courtyard, Residence Inn, and Moxy. The company traces its origins to a root beer stand opened by J. Willard and Alice Marriott in Washington, D.C., in 1927. It entered the lodging business in the 1950s and is headquartered in Bethesda, Maryland.
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