Marriott International (NASDAQ:MAR) Reaches New 1-Year High – Time to Buy?
by Teresa Graham · The Cerbat GemMarriott International, Inc. (NASDAQ:MAR – Get Free Report) shares hit a new 52-week high on Wednesday . The company traded as high as $308.64 and last traded at $308.5240, with a volume of 112040 shares traded. The stock had previously closed at $304.65.
Analysts Set New Price Targets
MAR has been the topic of a number of recent research reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Marriott International in a research note on Wednesday, October 8th. Barclays increased their price objective on Marriott International from $262.00 to $274.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 5th. BMO Capital Markets boosted their target price on shares of Marriott International from $280.00 to $285.00 and gave the company a “market perform” rating in a research note on Wednesday, November 5th. Wells Fargo & Company started coverage on shares of Marriott International in a research note on Tuesday, November 18th. They set an “overweight” rating and a $329.00 price target on the stock. Finally, Morgan Stanley reduced their price objective on shares of Marriott International from $302.00 to $296.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 22nd. Three research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, Marriott International presently has an average rating of “Moderate Buy” and a consensus price target of $289.87.
Read Our Latest Stock Report on MAR
Marriott International Trading Up 1.2%
The company’s 50 day moving average price is $276.30 and its 200-day moving average price is $270.45. The company has a market capitalization of $82.74 billion, a PE ratio of 32.51, a PEG ratio of 2.93 and a beta of 1.16.
Marriott International (NASDAQ:MAR – Get Free Report) last issued its quarterly earnings data on Tuesday, November 4th. The company reported $2.47 EPS for the quarter, topping analysts’ consensus estimates of $2.38 by $0.09. The company had revenue of $1.73 billion for the quarter, compared to analysts’ expectations 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. As a group, analysts predict that Marriott International, Inc. will post 10.1 earnings per share for the current year.
Marriott International Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Thursday, November 20th will be paid a dividend of $0.67 per share. The ex-dividend date is Thursday, November 20th. This represents a $2.68 annualized dividend and a dividend yield of 0.9%. Marriott International’s dividend payout ratio (DPR) is currently 28.30%.
Marriott International announced that its Board of Directors has authorized a stock repurchase plan on Thursday, August 7th that allows the company to buyback 25,000,000 shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.
Insiders Place Their Bets
In other news, insider William P. Brown sold 6,666 shares of the company’s stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $280.04, for a total value of $1,866,746.64. Following the sale, the insider owned 11,000 shares in the company, valued at approximately $3,080,440. This represents a 37.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Peggy Roe sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $292.12, for a total value of $584,240.00. Following 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. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 86,672 shares of company stock valued at $25,174,655. Insiders own 10.68% of the company’s stock.
Institutional Trading of Marriott International
Several institutional investors have recently added to or reduced their stakes in MAR. Oppenheimer Asset Management Inc. acquired a new stake in Marriott International in the 2nd quarter valued at approximately $613,000. Nissay Asset Management Corp Japan ADV grew its position in Marriott International by 9.5% in the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 62,995 shares of the company’s stock valued at $15,005,000 after buying an additional 5,482 shares in the last quarter. Permanens Capital L.P. increased its stake in Marriott International by 15.6% during the 1st quarter. Permanens Capital L.P. now owns 15,396 shares of the company’s stock valued at $3,667,000 after buying an additional 2,076 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Marriott International by 3.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 219,939 shares of the company’s stock worth $52,389,000 after buying an additional 8,149 shares in the last quarter. Finally, Swedbank AB boosted its holdings in shares of Marriott International by 1.3% in the first quarter. Swedbank AB now owns 68,429 shares of the company’s stock valued at $16,300,000 after acquiring an additional 881 shares in the last quarter. Institutional investors own 70.70% of the company’s stock.
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.
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