Marriott International (NASDAQ:MAR) Price Target Raised to $255.00

Marriott International (NASDAQ:MAR) had its price target boosted by BMO Capital Markets from $240.00 to $255.00 in a report published on Tuesday, Benzinga reports. They currently have a market perform rating on the stock.

Several other analysts also recently commented on the company. The Goldman Sachs Group began coverage on Marriott International in a research note on Wednesday, September 18th. They set a “buy” rating and a $267.00 target price on the stock. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Marriott International from $222.00 to $216.00 and set a “hold” rating on the stock in a research note on Thursday, August 1st. Morgan Stanley decreased their price objective on shares of Marriott International from $268.00 to $250.00 and set an “overweight” rating for the company in a report on Tuesday, August 6th. UBS Group cut their target price on shares of Marriott International from $267.00 to $244.00 and set a “neutral” rating for the company in a research report on Tuesday, August 13th. Finally, JPMorgan Chase & Co. lifted their price objective on Marriott International from $235.00 to $255.00 and gave the stock a “neutral” rating in a report on Friday, July 19th. Thirteen investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $256.39.

Marriott International Stock Up 0.6 %

Marriott International stock opened at $262.12 on Tuesday. The stock’s 50 day moving average is $242.52 and its 200 day moving average is $238.81. Marriott International has a twelve month low of $180.75 and a twelve month high of $266.58. The company has a market capitalization of $74.87 billion, a P/E ratio of 27.05, a PEG ratio of 6.36 and a beta of 1.59.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings results on Wednesday, July 31st. The company reported $2.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.49 by $0.01. The company had revenue of $6.44 billion for the quarter, compared to analysts’ expectations of $6.47 billion. Marriott International had a net margin of 12.01% and a negative return on equity of 239.60%. Marriott International’s revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.26 EPS. As a group, equities analysts expect that Marriott International will post 9.37 EPS for the current year.

Marriott International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, August 16th were given a dividend of $0.63 per share. The ex-dividend date was Friday, August 16th. This represents a $2.52 annualized dividend and a yield of 0.96%. Marriott International’s dividend payout ratio (DPR) is currently 26.01%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bangor Savings Bank boosted its holdings in shares of Marriott International by 131.1% in the 2nd quarter. Bangor Savings Bank now owns 104 shares of the company’s stock worth $25,000 after purchasing an additional 59 shares during the period. Hantz Financial Services Inc. bought a new position in Marriott International during the second quarter valued at $26,000. MFA Wealth Advisors LLC bought a new stake in shares of Marriott International in the 2nd quarter worth about $28,000. Annapolis Financial Services LLC purchased a new position in shares of Marriott International during the 1st quarter worth about $34,000. Finally, Unique Wealth Strategies LLC purchased a new stake in Marriott International in the 2nd quarter worth about $35,000. Hedge funds and other institutional investors 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, City Express by Marriott, and St.