Marriott International (NASDAQ:MAR) Price Target Raised to $350.00

Marriott International (NASDAQ:MAR) had its price objective raised by Evercore ISI from $320.00 to $350.00 in a research note published on Thursday,Benzinga reports. The brokerage currently has an outperform rating on the stock.

A number of other brokerages have also recently commented on MAR. Truist Financial upped their price target on shares of Marriott International from $278.00 to $283.00 and gave the company a “hold” rating in a research note on Thursday, December 4th. Robert W. Baird lowered their target price on shares of Marriott International from $287.00 to $285.00 and set a “neutral” rating on the stock in a report on Tuesday, October 21st. BMO Capital Markets raised Marriott International from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $285.00 to $370.00 in a report on Friday, January 9th. Sanford C. Bernstein boosted their price objective on Marriott International from $329.00 to $369.00 and gave the company an “outperform” rating in a research note on Tuesday, January 6th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Marriott International in a report on Wednesday, October 8th. Three investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, Marriott International presently has a consensus rating of “Moderate Buy” and a consensus price target of $313.75.

Marriott International Price Performance

Shares of MAR opened at $319.70 on Thursday. The firm has a market cap of $85.79 billion, a PE ratio of 33.76, a PEG ratio of 2.49 and a beta of 1.16. Marriott International has a 1 year low of $205.40 and a 1 year high of $331.09. The stock’s fifty day moving average price is $308.03 and its two-hundred day moving average price is $282.59.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $2.47 earnings per share for the quarter, topping the consensus estimate of $2.38 by $0.09. The company had revenue of $1.73 billion during the quarter, compared to analyst estimates of $6.46 billion. Marriott International had a negative return on equity of 89.29% and a net margin of 10.07%.Marriott International has set its Q4 2025 guidance at 2.540-2.620 EPS and its FY 2025 guidance at 9.980-10.060 EPS. Sell-side analysts anticipate that Marriott International will post 10.1 earnings per share for the current fiscal year.

Marriott International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Thursday, November 20th were given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 0.8%. The ex-dividend date was Thursday, November 20th. Marriott International’s payout ratio is presently 28.30%.

Insider Transactions at Marriott International

In related news, EVP Peggy Roe sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $292.12, for a total value of $584,240.00. Following the completion of the sale, the executive vice president owned 17,466 shares in the company, valued at $5,102,167.92. The trade was a 10.27% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Benjamin T. Breland sold 1,650 shares of the stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $286.10, for a total transaction of $472,065.00. Following the transaction, the executive vice president owned 18,225 shares in the company, valued at $5,214,172.50. The trade was a 8.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 88,289 shares of company stock worth $25,669,425. 10.68% of the stock is owned by insiders.

Hedge Funds Weigh In On Marriott International

A number of hedge funds have recently modified their holdings of the company. Norges Bank bought a new stake in shares of Marriott International in the second quarter worth about $638,968,000. Wellington Management Group LLP grew its position in shares of Marriott International by 21.7% in the 3rd quarter. Wellington Management Group LLP now owns 9,175,377 shares of the company’s stock worth $2,389,635,000 after buying an additional 1,637,119 shares during the last quarter. Boston Partners bought a new position in shares of Marriott International during the second quarter valued at approximately $196,579,000. Massachusetts Financial Services Co. MA lifted its position in shares of Marriott International by 7.2% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,921,767 shares of the company’s stock worth $1,281,825,000 after purchasing an additional 330,952 shares during the period. Finally, Laurel Wealth Advisors LLC increased its position in shares of Marriott International by 27,221.0% during the second quarter. Laurel Wealth Advisors LLC now owns 315,558 shares of the company’s stock valued at $86,214,000 after buying an additional 314,403 shares during the period. Hedge funds and other institutional investors own 70.70% of the company’s stock.

Marriott International Company Profile

Marriott International is a global lodging company that develops, manages and franchises a broad portfolio of hotels and related lodging facilities. Its core activities include hotel and resort management, franchise operations, property development and the provision of centralized services such as reservations, marketing and loyalty program management. The company’s brand architecture spans market segments from luxury and premium to select-service and extended-stay, enabling it to serve a wide range of business and leisure travelers as well as corporate and group customers.

The company traces its roots to the hospitality business founded by J.