Sanford C. Bernstein Issues Positive Forecast for Marriott International (NASDAQ:MAR) Stock Price

Marriott International (NASDAQ:MAR) had its target price boosted by Sanford C. Bernstein from $262.00 to $290.00 in a research note released on Tuesday morning,Benzinga reports. The brokerage currently has an outperform rating on the stock.

Several other analysts have also weighed in on MAR. Barclays raised their price objective on shares of Marriott International from $240.00 to $249.00 and gave the stock an “equal weight” rating in a report on Tuesday. UBS Group dropped their target price on shares of Marriott International from $267.00 to $244.00 and set a “neutral” rating for the company in a research note on Tuesday, August 13th. TD Cowen decreased their price target on shares of Marriott International from $295.00 to $283.00 and set a “buy” rating on the stock in a research note on Tuesday. Deutsche Bank Aktiengesellschaft dropped their target price on Marriott International from $222.00 to $216.00 and set a “hold” rating for the company in a research report on Thursday, August 1st. Finally, Truist Financial lowered their price objective on Marriott International from $263.00 to $254.00 and set a “hold” rating for the company in a research report on Tuesday, August 6th. Thirteen analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $259.00.

Marriott International Trading Up 0.5 %

Shares of MAR opened at $277.68 on Tuesday. The stock has a 50 day simple moving average of $249.39 and a 200-day simple moving average of $239.69. The stock has a market cap of $78.17 billion, a PE ratio of 29.05, a PEG ratio of 6.21 and a beta of 1.58. Marriott International has a 1 year low of $192.04 and a 1 year high of $278.50.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings data on Monday, November 4th. The company reported $2.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.05). Marriott International had a net margin of 11.18% and a negative return on equity of 207.04%. The company had revenue of $6.26 billion for the quarter, compared to the consensus estimate of $6.27 billion. During the same period in the previous year, the business posted $2.11 earnings per share. The firm’s revenue was up 5.5% compared to the same quarter last year. On average, sell-side analysts forecast that Marriott International will post 9.27 EPS for the current fiscal year.

Marriott International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Thursday, November 21st will be given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.91%. Marriott International’s dividend payout ratio is currently 26.36%.

Insiders Place Their Bets

In other Marriott International news, EVP Benjamin T. Breland sold 500 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $274.49, for a total value of $137,245.00. Following the completion of the sale, the executive vice president now directly owns 12,286 shares in the company, valued at $3,372,384.14. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 12.32% of the company’s stock.

Hedge Funds Weigh In On Marriott International

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MAR. Bangor Savings Bank raised its stake in shares of Marriott International by 131.1% in the 2nd quarter. Bangor Savings Bank now owns 104 shares of the company’s stock valued at $25,000 after purchasing an additional 59 shares during the period. Hantz Financial Services Inc. acquired a new stake in Marriott International in the 2nd quarter valued at approximately $26,000. MFA Wealth Advisors LLC bought a new stake in Marriott International in the 2nd quarter valued at approximately $28,000. Silvant Capital Management LLC bought a new position in shares of Marriott International during the 3rd quarter worth approximately $31,000. Finally, Unique Wealth Strategies LLC acquired a new stake in shares of Marriott International in the second quarter valued at approximately $35,000. 70.70% of the stock is owned by institutional investors and hedge funds.

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.