Marriott International, Inc. (NASDAQ:MAR) Given Consensus Recommendation of “Hold” by Analysts

Posted by Defense World Staff on Jun 8th, 2023

Marriott International, Inc. (NASDAQ:MAR – Get Rating) has been assigned a consensus recommendation of “Hold” from the twenty ratings firms that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $184.00.

A number of equities research analysts have issued reports on the stock. Wells Fargo & Company decreased their price target on shares of Marriott International from $190.00 to $183.00 and set an “overweight” rating for the company in a report on Thursday, March 30th. Credit Suisse Group upped their price target on shares of Marriott International from $185.00 to $205.00 and gave the company a “hold” rating in a report on Thursday, February 16th. Truist Financial upped their price target on shares of Marriott International from $185.00 to $205.00 and gave the company a “hold” rating in a report on Thursday, February 16th. TheStreet lowered shares of Marriott International from a “b” rating to a “c+” rating in a research report on Monday, May 8th. Finally, Morgan Stanley upped their price objective on shares of Marriott International from $195.00 to $197.00 and gave the company an “overweight” rating in a research report on Monday, April 17th.

Insider Buying and Selling at Marriott International

In other news, CEO Anthony Capuano sold 16,159 shares of Marriott International stock in a transaction on Friday, May 5th. The shares were sold at an average price of $176.33, for a total transaction of $2,849,316.47. Following the transaction, the chief executive officer now directly owns 157,786 shares of the company’s stock, valued at $27,822,405.38. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, EVP Drew Pinto sold 700 shares of the firm’s stock in a transaction on Monday, May 8th. The shares were sold at an average price of $176.75, for a total transaction of $123,725.00. Following the sale, the executive vice president now directly owns 4,734 shares in the company, valued at $836,734.50. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Anthony Capuano sold 16,159 shares of Marriott International stock in a transaction on Friday, May 5th. The shares were sold at an average price of $176.33, for a total transaction of $2,849,316.47. Following the completion of the sale, the chief executive officer now owns 157,786 shares in the company, valued at $27,822,405.38. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 17,484 shares of company stock valued at $3,074,954. 12.32% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of MAR. VitalStone Financial LLC bought a new stake in shares of Marriott International during the 4th quarter worth about $25,000. Resurgent Financial Advisors LLC acquired a new position in Marriott International in the 4th quarter valued at approximately $25,000. Ritter Daniher Financial Advisory LLC DE acquired a new position in Marriott International in the 4th quarter valued at approximately $26,000. ICA Group Wealth Management LLC acquired a new position in Marriott International in the 4th quarter valued at approximately $28,000. Finally, Coppell Advisory Solutions Corp. bought a new stake in shares of Marriott International in the 4th quarter valued at $28,000. 58.97% of the stock is currently owned by institutional investors and hedge funds.

Marriott International Price Performance

NASDAQ MAR opened at $177.25 on Thursday. The stock has a market capitalization of $53.77 billion, a P/E ratio of 20.73, a P/E/G ratio of 1.36 and a beta of 1.58. Marriott International has a 1 year low of $131.01 and a 1 year high of $183.27. The business’s fifty day moving average is $171.53 and its two-hundred day moving average is $166.19. The company has a debt-to-equity ratio of 73.56, a quick ratio of 0.47 and a current ratio of 0.47.

Marriott International (NASDAQ:MAR – Get Rating) last announced its earnings results on Tuesday, May 2nd. The company reported $2.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.86 by $0.23. Marriott International had a net margin of 12.34% and a return on equity of 272.54%. The company had revenue of $5.62 billion for the quarter, compared to the consensus estimate of $5.44 billion. During the same period in the previous year, the business earned $1.25 EPS. The company’s revenue was up 33.7% on a year-over-year basis. On average, research analysts forecast that Marriott International will post 8.39 earnings per share for the current fiscal year.

Marriott International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Friday, May 26th will be paid a $0.52 dividend. The ex-dividend date is Thursday, May 25th. This is a boost from Marriott International’s previous quarterly dividend of $0.40. This represents a $2.08 dividend on an annualized basis and a yield of 1.17%. Marriott International’s dividend payout ratio (DPR) is presently 24.33%.

Marriott International Company Profile

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Marriott International, Inc engages in the operation and franchise of hotel, residential, and timeshare properties. It operates through the following geography segments: U.S. & Canada, Asia Pacific, and Europe, Middle East and Africa (EMEA). The company was founded by J. Willard Marriott and Alice Sheets Marriott in 1927 and is headquartered in Bethesda, MD.