Mizuho Boosts Marriott International (NASDAQ:MAR) Price Target to $265.00

Marriott International (NASDAQ:MAR) had its price target upped by Mizuho from $260.00 to $265.00 in a research note issued to investors on Thursday morning, Benzinga reports. Mizuho currently has a neutral rating on the stock.

Other equities analysts have also recently issued reports about the stock. Barclays upped their price target on shares of Marriott International from $239.00 to $240.00 and gave the stock an equal weight rating in a research note on Friday, April 19th. BMO Capital Markets increased their target price on shares of Marriott International from $230.00 to $235.00 and gave the company a market perform rating in a report on Wednesday, February 14th. Wells Fargo & Company boosted their price target on Marriott International from $234.00 to $250.00 and gave the stock an equal weight rating in a research note on Monday, March 18th. Robert W. Baird reduced their price objective on Marriott International from $250.00 to $248.00 and set a neutral rating for the company in a report on Wednesday, February 14th. Finally, UBS Group upped their target price on Marriott International from $210.00 to $259.00 and gave the company a neutral rating in a report on Wednesday, February 28th. Eleven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of Hold and an average price target of $241.33.

Marriott International Stock Down 0.4 %

NASDAQ MAR traded down $0.97 during trading hours on Thursday, hitting $234.59. 1,572,856 shares of the stock were exchanged, compared to its average volume of 1,539,790. The company has a market cap of $67.00 billion, a price-to-earnings ratio of 24.21, a price-to-earnings-growth ratio of 5.21 and a beta of 1.61. Marriott International has a 12-month low of $165.13 and a 12-month high of $260.57. The stock has a 50-day moving average of $247.40 and a 200 day moving average of $228.39.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings results on Wednesday, May 1st. The company reported $2.13 EPS for the quarter, missing the consensus estimate of $2.17 by ($0.04). Marriott International had a net margin of 12.00% and a negative return on equity of 376.88%. The business had revenue of $5.98 billion during the quarter, compared to analyst estimates of $5.95 billion. During the same period in the prior year, the business earned $2.09 earnings per share. The firm’s quarterly revenue was up 6.4% compared to the same quarter last year. On average, equities research analysts expect that Marriott International will post 9.5 earnings per share for the current year.

Marriott International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Thursday, February 22nd were given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date of this dividend was Wednesday, February 21st. Marriott International’s dividend payout ratio is currently 21.47%.

Insider Buying and Selling

In other news, insider Satyajit Anand sold 2,749 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $251.93, for a total transaction of $692,555.57. Following the completion of the transaction, the insider now owns 24,478 shares of the company’s stock, valued at approximately $6,166,742.54. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, insider Satyajit Anand sold 2,749 shares of the company’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $251.93, for a total transaction of $692,555.57. Following the completion of the sale, the insider now directly owns 24,478 shares in the company, valued at approximately $6,166,742.54. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Anthony Capuano sold 20,000 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $248.48, for a total value of $4,969,600.00. Following the completion of the transaction, the chief executive officer now owns 93,323 shares in the company, valued at $23,188,899.04. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 125,003 shares of company stock worth $30,435,493. 12.32% of the stock is owned by company insiders.

Hedge Funds Weigh In On Marriott International

Hedge funds have recently made changes to their positions in the business. Caprock Group LLC increased its holdings in Marriott International by 255.1% in the 4th quarter. Caprock Group LLC now owns 11,781 shares of the company’s stock valued at $2,657,000 after purchasing an additional 8,463 shares in the last quarter. Cerity Partners LLC grew its stake in shares of Marriott International by 86.8% in the fourth quarter. Cerity Partners LLC now owns 44,957 shares of the company’s stock valued at $10,138,000 after buying an additional 20,890 shares in the last quarter. Impax Asset Management Group plc raised its holdings in shares of Marriott International by 88.4% during the 4th quarter. Impax Asset Management Group plc now owns 10,426 shares of the company’s stock valued at $2,351,000 after buying an additional 4,892 shares during the period. International Assets Investment Management LLC boosted its holdings in Marriott International by 1,487.6% in the 4th quarter. International Assets Investment Management LLC now owns 345,246 shares of the company’s stock worth $77,856,000 after acquiring an additional 323,500 shares during the period. Finally, Vontobel Holding Ltd. raised its stake in shares of Marriott International by 14.7% during the fourth quarter. Vontobel Holding Ltd. now owns 79,403 shares of the company’s stock valued at $17,906,000 after purchasing an additional 10,197 shares during the period. Hedge funds and other institutional investors own 70.70% of the company’s stock.

About Marriott International

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, and City Express by Marriott brand names, as well as operates residences, timeshares, and yachts.