Shares of Marriott International, Inc. (NASDAQ:MAR – Get Free Report) have been assigned an average recommendation of “Hold” from the fourteen research firms that are covering the stock, MarketBeat reports. Nine equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $219.60.
A number of equities analysts have weighed in on MAR shares. Barclays upped their price objective on shares of Marriott International from $208.00 to $234.00 and gave the stock an “equal weight” rating in a research report on Monday, January 29th. Jefferies Financial Group increased their target price on shares of Marriott International from $205.00 to $227.00 and gave the company a “hold” rating in a research report on Tuesday, January 2nd. Morgan Stanley increased their target price on shares of Marriott International from $225.00 to $232.00 and gave the company an “overweight” rating in a research report on Monday, October 16th. Wells Fargo & Company started coverage on shares of Marriott International in a research report on Tuesday, December 5th. They issued an “equal weight” rating and a $220.00 target price for the company. Finally, HSBC started coverage on shares of Marriott International in a report on Monday, October 23rd. They issued a “buy” rating and a $233.00 price objective for the company.
Insider Buying and Selling
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the stock. OFI Invest Asset Management acquired a new stake in Marriott International in the 3rd quarter valued at approximately $25,000. Resurgent Financial Advisors LLC acquired a new stake in shares of Marriott International during the 4th quarter worth approximately $25,000. ICA Group Wealth Management LLC acquired a new stake in shares of Marriott International during the 4th quarter worth approximately $28,000. Coppell Advisory Solutions Corp. acquired a new stake in shares of Marriott International during the 4th quarter worth approximately $28,000. Finally, ORG Partners LLC grew its holdings in shares of Marriott International by 72.6% during the 4th quarter. ORG Partners LLC now owns 126 shares of the company’s stock worth $29,000 after purchasing an additional 53 shares in the last quarter. Institutional investors and hedge funds own 58.79% of the company’s stock.
Marriott International Price Performance
MAR stock opened at $248.84 on Tuesday. The company has a market capitalization of $73.08 billion, a PE ratio of 26.36, a P/E/G ratio of 1.45 and a beta of 1.64. Marriott International has a 12 month low of $153.56 and a 12 month high of $250.75. The firm’s 50-day moving average is $228.47 and its 200 day moving average is $209.72.
Marriott International Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Thursday, February 22nd will be given a $0.52 dividend. The ex-dividend date is Wednesday, February 21st. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.84%. Marriott International’s dividend payout ratio (DPR) is 22.03%.
Marriott International announced that its Board of Directors has initiated a stock repurchase program on Thursday, November 9th that allows the company to repurchase 25,000,000 shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its shares are undervalued.
About Marriott International
Marriott International, Inc operates, franchises, and licenses hotel, residential, timeshare, and other lodging properties worldwide. The company operates through U.S. and Canada, and International segments. It operates its properties under the JW Marriott, The Ritz-Carlton, Ritz-Carlton Reserve, W Hotels, The Luxury Collection, St.
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