Fintel reports that on September 21, 2023, Truist Securities reiterated coverage of Marriott International, Inc. - (NASDAQ:MAR) with a Hold recommendation.
Analyst Price Forecast Suggests 2.64% Upside
As of August 31, 2023, the average one-year price target for Marriott International, Inc. - is 205.13. The forecasts range from a low of 161.60 to a high of $236.25. The average price target represents an increase of 2.64% from its latest reported closing price of 199.86.
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The projected annual revenue for Marriott International, Inc. - is 22,491MM, an increase of 276.67%. The projected annual non-GAAP EPS is 7.69.
Marriott International, Inc. - Declares $0.52 Dividend
On August 3, 2023 the company declared a regular quarterly dividend of $0.52 per share ($2.08 annualized). Shareholders of record as of August 17, 2023 will receive the payment on September 29, 2023. Previously, the company paid $0.52 per share.
At the current share price of $199.86 / share, the stock's dividend yield is 1.04%.
Looking back five years and taking a sample every week, the average dividend yield has been 1.18%, the lowest has been 0.68%, and the highest has been 1.62%. The standard deviation of yields is 0.27 (n=129).
The current dividend yield is 0.51 standard deviations below the historical average.
Additionally, the company's dividend payout ratio is 0.22. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
What is the Fund Sentiment?
There are 1994 funds or institutions reporting positions in Marriott International, Inc. -. This is an increase of 2 owner(s) or 0.10% in the last quarter. Average portfolio weight of all funds dedicated to MAR is 0.30%, an increase of 3.06%. Total shares owned by institutions decreased in the last three months by 0.36% to 206,072K shares. 
The put/call ratio of MAR is 1.39, indicating a bearish outlook.
What are Other Shareholders Doing?
Jpmorgan Chase holds 8,753K shares representing 2.93% ownership of the company. In it's prior filing, the firm reported owning 9,749K shares, representing a decrease of 11.38%. The firm increased its portfolio allocation in MAR by 605.62% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 8,052K shares representing 2.70% ownership of the company. In it's prior filing, the firm reported owning 8,585K shares, representing a decrease of 6.62%. The firm decreased its portfolio allocation in MAR by 4.26% over the last quarter.
Massachusetts Financial Services holds 7,648K shares representing 2.56% ownership of the company. In it's prior filing, the firm reported owning 7,631K shares, representing an increase of 0.22%. The firm increased its portfolio allocation in MAR by 6.78% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 6,140K shares representing 2.06% ownership of the company. In it's prior filing, the firm reported owning 6,278K shares, representing a decrease of 2.26%. The firm decreased its portfolio allocation in MAR by 2.01% over the last quarter.
Geode Capital Management holds 4,905K shares representing 1.64% ownership of the company. In it's prior filing, the firm reported owning 4,969K shares, representing a decrease of 1.31%. The firm decreased its portfolio allocation in MAR by 1.22% over the last quarter.
Marriott International Background Information
(This description is provided by the company.)
Marriott International, Inc. is based in Bethesda, Maryland, USA, and encompasses a portfolio of more than 7,500 properties under 30 leading brands spanning 132 countries and territories. Marriott operates and franchises hotels and licenses vacation ownership resorts all around the world. The company offers Marriott Bonvoy™, its highly-awarded travel program.
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This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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