TD Cowen Cuts Marriott International (NASDAQ:MAR) Price Target to $283.00

Marriott International (NASDAQ:MAR) had its target price cut by TD Cowen from $295.00 to $283.00 in a report issued on Tuesday,Benzinga reports. They currently have a buy rating on the stock.

Other equities analysts also recently issued research reports about the company. Barclays lifted their price objective on Marriott International from $240.00 to $249.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Evercore ISI lifted their price target on Marriott International from $245.00 to $270.00 and gave the stock an “in-line” rating in a report on Monday, October 21st. UBS Group cut their price objective 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. Sanford C. Bernstein upgraded shares of Marriott International from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $247.00 to $262.00 in a report on Thursday, August 29th. Finally, Wells Fargo & Company lifted their price target on shares of Marriott International from $238.00 to $261.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 22nd. Thirteen research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $259.00.

Marriott International Stock Up 0.5 %

Shares of MAR opened at $277.68 on Tuesday. The firm’s fifty day moving average is $249.39 and its two-hundred day moving average is $239.69. The stock has a market cap of $78.17 billion, a PE ratio of 29.05, a price-to-earnings-growth ratio of 6.21 and a beta of 1.58. Marriott International has a 52-week low of $192.04 and a 52-week high of $278.50.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings results on Monday, November 4th. The company reported $2.26 earnings per share for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.05). The business had revenue of $6.26 billion for the quarter, compared to analyst estimates of $6.27 billion. Marriott International had a negative return on equity of 207.04% and a net margin of 11.18%. The business’s revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.11 earnings per share. As a group, research analysts anticipate that Marriott International will post 9.27 earnings per share for the current year.

Marriott International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Thursday, November 21st will be given a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 0.91%. Marriott International’s dividend payout ratio is currently 26.36%.

Insider Transactions at Marriott International

In other Marriott International news, EVP Benjamin T. Breland sold 500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $274.49, for a total value of $137,245.00. Following the completion of the transaction, the executive vice president now owns 12,286 shares of the company’s stock, valued at $3,372,384.14. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 12.32% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of MAR. Harbor Capital Advisors Inc. increased its holdings in Marriott International by 0.4% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 8,698 shares of the company’s stock worth $2,162,000 after purchasing an additional 38 shares during the period. Haverford Trust Co raised its holdings in Marriott International by 1.0% in the third quarter. Haverford Trust Co now owns 4,207 shares of the company’s stock valued at $1,046,000 after acquiring an additional 40 shares in the last quarter. Rockland Trust Co. lifted its stake in Marriott International by 2.3% in the second quarter. Rockland Trust Co. now owns 1,802 shares of the company’s stock worth $436,000 after acquiring an additional 41 shares during the last quarter. Park Avenue Securities LLC increased its position in shares of Marriott International by 1.4% in the 2nd quarter. Park Avenue Securities LLC now owns 3,298 shares of the company’s stock valued at $797,000 after purchasing an additional 46 shares during the last quarter. Finally, SeaCrest Wealth Management LLC raised its holdings in shares of Marriott International by 1.5% in the 2nd quarter. SeaCrest Wealth Management LLC now owns 3,075 shares of the company’s stock valued at $743,000 after purchasing an additional 46 shares in the last quarter. 70.70% of the stock is currently owned by hedge funds and other institutional investors.

About Marriott International

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.