Mizuho Begins Coverage on Marriott International (NASDAQ:MAR)

Mizuho started coverage on shares of Marriott International (NASDAQ:MAR) in a research note published on Tuesday, Marketbeat reports. The brokerage issued a neutral rating and a $263.00 price target on the stock.

Several other equities analysts have also recently issued reports on the company. BMO Capital Markets raised their price objective on Marriott International from $230.00 to $235.00 and gave the stock a market perform rating in a research note on Wednesday, February 14th. Truist Financial raised their price objective on Marriott International from $233.00 to $263.00 and gave the stock a hold rating in a research note on Wednesday, February 14th. UBS Group raised their price objective on Marriott International from $210.00 to $259.00 and gave the stock a neutral rating in a research note on Wednesday, February 28th. Jefferies Financial Group raised their target price on Marriott International from $205.00 to $227.00 and gave the company a hold rating in a research note on Tuesday, January 2nd. Finally, Argus raised their target price on Marriott International from $270.00 to $280.00 and gave the company a buy rating in a research note on Tuesday, March 19th. Eleven analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of Hold and a consensus price target of $236.81.

Marriott International Stock Down 0.5 %

Shares of NASDAQ:MAR opened at $252.31 on Tuesday. The company has a market capitalization of $75.34 billion, a price-to-earnings ratio of 24.76, a price-to-earnings-growth ratio of 1.83 and a beta of 1.62. The company has a 50 day moving average of $245.80 and a two-hundred day moving average of $219.55. Marriott International has a 52-week low of $160.15 and a 52-week high of $256.53.

Marriott International (NASDAQ:MAR) last released its earnings results on Tuesday, February 13th. The company reported $3.57 EPS for the quarter, beating the consensus estimate of $2.12 by $1.45. The company had revenue of $6.10 billion during the quarter, compared to analysts’ expectations of $6.20 billion. Marriott International had a negative return on equity of 848.49% and a net margin of 13.00%. The business’s revenue was up 2.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.96 EPS. On average, equities analysts anticipate that Marriott International will post 9.47 earnings per share for the current year.

Marriott International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Thursday, February 22nd will be given a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 0.82%. The ex-dividend date is Wednesday, February 21st. Marriott International’s dividend payout ratio is currently 20.41%.

Insiders Place Their Bets

In other Marriott International news, EVP Rena Hozore Reiss sold 3,563 shares of the company’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $240.39, for a total value of $856,509.57. Following the sale, the executive vice president now directly owns 36,778 shares in the company, valued at $8,841,063.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Eric Hippeau sold 2,600 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $237.40, for a total transaction of $617,240.00. Following the sale, the director now owns 1,472 shares of the company’s stock, valued at $349,452.80. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Rena Hozore Reiss sold 3,563 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $240.39, for a total value of $856,509.57. Following the sale, the executive vice president now directly owns 36,778 shares in the company, valued at approximately $8,841,063.42. The disclosure for this sale can be found here. Insiders have sold a total of 125,003 shares of company stock valued at $30,435,493 in the last three months. Company insiders own 12.32% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Shepherd Financial Partners LLC bought a new position in Marriott International in the second quarter valued at approximately $213,000. Nordea Investment Management AB boosted its stake in shares of Marriott International by 245.9% during the 4th quarter. Nordea Investment Management AB now owns 164,045 shares of the company’s stock worth $36,904,000 after acquiring an additional 116,615 shares during the period. UniSuper Management Pty Ltd bought a new position in shares of Marriott International during the 2nd quarter worth approximately $7,601,000. Mercer Global Advisors Inc. ADV boosted its stake in shares of Marriott International by 1.8% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 30,612 shares of the company’s stock worth $6,017,000 after acquiring an additional 544 shares during the period. Finally, Motco boosted its stake in shares of Marriott International by 108.3% during the 3rd quarter. Motco now owns 656 shares of the company’s stock worth $129,000 after acquiring an additional 341 shares during the period. 70.70% of the stock is currently owned by institutional investors.

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