1 week Ago By ABMN Staff
Shares of Marriott International, Inc. ( NASDAQ:MAR – Get Free Report ) have received an average recommendation of “Hold” from the twenty research firms that are presently covering the stock, Marketbeat reports. Thirteen investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company.
The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $282.60. A number of brokerages recently weighed in on MAR.
Mizuho raised their price objective on Marriott International from $246.00 to $293.00 and gave the company a “neutral” rating in a report on Wednesday, February 12th.
Evercore ISI upgraded shares of Marriott International from an “in-line” rating to an “outperform” rating and set a $330.00 price objective for the company in a report on Tuesday, February 4th. Wells Fargo & Company reduced their target price on shares of Marriott International from $285.
00 to $277.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 18th. Truist Financial lowered their price target on shares of Marriott International from $308.
00 to $300.00 and set a “hold” rating for the company in a research note on Friday, March 21st. Finally, Barclays decreased their price objective on Marriott International from $287.
00 to $283.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 12th. Get Our Latest Stock Analysis on Marriott International Marriott International Trading Up 1.
0 % Marriott International ( NASDAQ:MAR – Get Free Report ) last posted its quarterly earnings data on Tuesday, February 11th. The company reported $2.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.
37 by $0.08. Marriott International had a net margin of 9.
46% and a negative return on equity of 116.67%. As a group, sell-side analysts forecast that Marriott International will post 10.
1 EPS for the current fiscal year. Marriott International Dividend Announcement The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, February 27th were given a $0.
63 dividend. The ex-dividend date was Thursday, February 27th. This represents a $2.
52 annualized dividend and a dividend yield of 1.12%. Marriott International’s dividend payout ratio is 30.
29%. Insider Activity at Marriott International In related news, EVP Rena Hozore Reiss sold 3,500 shares of Marriott International stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $286.
65, for a total transaction of $1,003,275.00. Following the sale, the executive vice president now directly owns 24,733 shares in the company, valued at $7,089,714.
45. The trade was a 12.40 % decrease in their ownership of the stock.
The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink . Also, CFO Kathleen K. Oberg sold 14,498 shares of the firm’s stock in a transaction on 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 transaction, the chief financial officer now directly owns 14,282 shares of the company’s stock, valued at $3,971,395.74. This represents a 50.
38 % decrease in their position. The disclosure for this sale can be found here . Insiders have sold 31,694 shares of company stock worth $8,938,132 over the last 90 days.
12.32% of the stock is owned by company insiders. Hedge Funds Weigh In On Marriott International A number of institutional investors and hedge funds have recently made changes to their positions in the business.
Hopwood Financial Services Inc. purchased a new position in shares of Marriott International in the 4th quarter worth about $25,000. Bernard Wealth Management Corp.
purchased a new position in Marriott International in the fourth quarter worth about $25,000. Bell Investment Advisors Inc lifted its stake in shares of Marriott International by 112.2% in the fourth quarter.
Bell Investment Advisors Inc now owns 104 shares of the company’s stock worth $29,000 after buying an additional 55 shares in the last quarter. Sound Income Strategies LLC increased its position in shares of Marriott International by 494.4% during the fourth quarter.
Sound Income Strategies LLC now owns 107 shares of the company’s stock valued at $30,000 after acquiring an additional 89 shares in the last quarter. Finally, Wingate Wealth Advisors Inc. purchased a new position in Marriott International in the 4th quarter worth approximately $33,000.
Institutional investors own 70.70% of the company’s stock. About Marriott International ( Get Free Report 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. See Also Receive News & Ratings for Marriott International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marriott International and related companies with MarketBeat.
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