Investors Buy Marriott International (MAR) on Weakness

Investors bought shares of Marriott International Inc (NASDAQ:MAR) on weakness during trading hours on Tuesday. $134.80 million flowed into the stock on the tick-up and $51.26 million flowed out of the stock on the tick-down, for a money net flow of $83.54 million into the stock. Of all stocks tracked, Marriott International had the 20th highest net in-flow for the day. Marriott International traded down ($0.66) for the day and closed at $139.12

Several analysts have weighed in on MAR shares. Zacks Investment Research raised shares of Marriott International from a “hold” rating to a “buy” rating and set a $130.00 price objective on the stock in a research note on Thursday, October 26th. Royal Bank of Canada reaffirmed a “buy” rating on shares of Marriott International in a research note on Tuesday, November 7th. Sanford C. Bernstein cut shares of Marriott International from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 16th. Morgan Stanley reaffirmed a “buy” rating on shares of Marriott International in a research note on Friday, December 8th. Finally, BidaskClub cut shares of Marriott International from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 5th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $112.62.

The company has a debt-to-equity ratio of 1.83, a quick ratio of 0.52 and a current ratio of 0.52. The stock has a market cap of $50,720.00, a P/E ratio of 37.80, a P/E/G ratio of 2.32 and a beta of 1.35.

Marriott International (NASDAQ:MAR) last released its quarterly earnings results on Tuesday, November 7th. The company reported $1.10 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.98 by $0.12. Marriott International had a net margin of 6.30% and a return on equity of 31.58%. The business had revenue of $5.66 billion for the quarter, compared to analysts’ expectations of $5.22 billion. During the same period in the prior year, the firm earned $0.91 earnings per share. Marriott International’s revenue was up 43.7% compared to the same quarter last year. research analysts expect that Marriott International Inc will post 4.24 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Wednesday, November 22nd were paid a dividend of $0.33 per share. The ex-dividend date of this dividend was Tuesday, November 21st. This represents a $1.32 annualized dividend and a dividend yield of 0.95%. Marriott International’s dividend payout ratio (DPR) is currently 35.87%.

Marriott International announced that its board has approved a stock buyback plan on Thursday, November 9th that authorizes the company to buyback 30,000,000 outstanding shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

In related news, insider Deborah Marriott Harrison sold 130,000 shares of the stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $119.17, for a total value of $15,492,100.00. Following the transaction, the insider now directly owns 114,155 shares in the company, valued at $13,603,851.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Stephanie Linnartz sold 8,333 shares of the stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $122.82, for a total transaction of $1,023,459.06. Following the completion of the transaction, the executive vice president now owns 28,263 shares in the company, valued at $3,471,261.66. The disclosure for this sale can be found here. Insiders have sold 221,825 shares of company stock worth $27,378,820 over the last three months. 11.32% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in MAR. Advisory Services Network LLC lifted its holdings in Marriott International by 1,490.1% in the second quarter. Advisory Services Network LLC now owns 1,129 shares of the company’s stock valued at $113,000 after buying an additional 1,058 shares during the period. First Quadrant L P CA acquired a new position in Marriott International in the third quarter valued at approximately $136,000. Grove Bank & Trust lifted its holdings in Marriott International by 214.8% in the third quarter. Grove Bank & Trust now owns 1,231 shares of the company’s stock valued at $136,000 after buying an additional 840 shares during the period. Carroll Financial Associates Inc. lifted its holdings in Marriott International by 175.6% in the third quarter. Carroll Financial Associates Inc. now owns 1,323 shares of the company’s stock valued at $147,000 after buying an additional 843 shares during the period. Finally, Oppenheimer Asset Management Inc. lifted its holdings in Marriott International by 28.1% in the second quarter. Oppenheimer Asset Management Inc. now owns 1,572 shares of the company’s stock valued at $158,000 after buying an additional 345 shares during the period. Institutional investors and hedge funds own 66.67% of the company’s stock.

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Marriott International Company Profile

Marriott International, Inc (Marriott International) is a lodging company. Marriott International operates in three business segments: North American Full-Service, North American Limited-Service and International. Its North American Full-Service segment includes its Luxury and Premium brands (JW Marriott, Marriott Hotels, Sheraton, Westin, Renaissance Hotels, Le Meridien, Autograph Collection Hotels, Delta Hotels, Gaylord Hotels, and Tribute Portfolio) located in the United States and Canada.

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