Mizuho Begins Coverage on Marriott International (NASDAQ:MAR)

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

Several other equities analysts have also recently commented on the company. Wells Fargo & Company increased their target price on Marriott International from $234.00 to $250.00 and gave the company an equal weight rating in a research note on Monday, March 18th. Truist Financial increased their target price on Marriott International from $233.00 to $263.00 and gave the stock a hold rating in a research report on Wednesday, February 14th. UBS Group increased their target price on Marriott International from $210.00 to $259.00 and gave the stock a neutral rating in a research report on Wednesday, February 28th. Argus raised their price target on Marriott International from $270.00 to $280.00 and gave the company a buy rating in a report on Tuesday, March 19th. Finally, Barclays raised their target price on Marriott International from $234.00 to $239.00 and gave the company an equal weight rating in a research note on Wednesday, February 14th. Eleven analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of Hold and a consensus target price of $236.81.

Marriott International Price Performance

NASDAQ MAR opened at $252.31 on Tuesday. Marriott International has a 12 month low of $160.15 and a 12 month high of $256.53. The company has a 50-day moving average of $245.80 and a 200-day moving average of $219.55. The company has a market cap of $75.34 billion, a P/E ratio of 24.76, a P/E/G ratio of 1.83 and a beta of 1.62.

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

Marriott International Dividend Announcement

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

Insider Activity at Marriott International

In related news, CEO Anthony Capuano sold 20,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 93,323 shares of the company’s stock, valued at approximately $23,188,899.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Marriott International news, CEO Anthony Capuano sold 20,000 shares of Marriott International stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 93,323 shares of the company’s stock, valued at approximately $23,188,899.04. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Kathleen K. Oberg sold 47,109 shares of Marriott International stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $242.71, for a total value of $11,433,825.39. Following the completion of the transaction, the chief financial officer now directly owns 20,036 shares in the company, valued at $4,862,937.56. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 125,003 shares of company stock valued at $30,435,493. Corporate insiders own 12.32% of the company’s stock.

Institutional Trading of Marriott International

Institutional investors have recently modified their holdings of the company. Parnassus Investments LLC bought a new stake in Marriott International in the third quarter valued at $481,621,000. Norges Bank bought a new stake in Marriott International in the fourth quarter valued at $326,980,000. Arrowstreet Capital Limited Partnership grew its position in Marriott International by 1,066.7% in the first quarter. Arrowstreet Capital Limited Partnership now owns 2,157,619 shares of the company’s stock valued at $379,202,000 after acquiring an additional 1,972,684 shares during the period. Morgan Stanley grew its position in Marriott International by 52.7% in the fourth quarter. Morgan Stanley now owns 4,811,245 shares of the company’s stock valued at $716,346,000 after acquiring an additional 1,659,637 shares during the period. Finally, FMR LLC grew its position in Marriott International by 16.1% in the third quarter. FMR LLC now owns 8,634,610 shares of the company’s stock valued at $1,697,219,000 after acquiring an additional 1,194,665 shares during the period. Institutional investors and hedge funds own 70.70% of the company’s stock.

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.