Stifel Nicolaus reissued their hold rating on shares of Marriott International (NASDAQ:MAR) in a research note issued to investors on Tuesday, January 9th. They currently have a $132.00 price target on the stock.
Other research analysts also recently issued research reports about the stock. Morgan Stanley upped their price target on shares of Marriott International from $110.00 to $112.00 and gave the stock an overweight rating in a research report on Thursday, November 9th. BidaskClub raised Marriott International from a buy rating to a strong-buy rating in a report on Friday, September 22nd. Barclays boosted their price objective on Marriott International from $105.00 to $130.00 and gave the stock an equal weight rating in a report on Tuesday, November 28th. Zacks Investment Research raised Marriott International from a hold rating to a buy rating and set a $130.00 price objective for the company in a report on Thursday, October 26th. Finally, Robert W. Baird reissued a hold rating and set a $103.00 price objective on shares of Marriott International in a report on Sunday, September 17th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of Buy and a consensus price target of $112.62.
Shares of Marriott International (NASDAQ:MAR) traded up $2.88 during trading hours on Tuesday, hitting $142.00. 2,433,224 shares of the stock traded hands, compared to its average volume of 2,330,000. Marriott International has a 52 week low of $82.07 and a 52 week high of $142.64. The company has a debt-to-equity ratio of 1.83, a current ratio of 0.52 and a quick ratio of 0.52. The firm has a market cap of $51,770.00, a P/E ratio of 38.59, a PEG ratio of 2.32 and a beta of 1.35.
Marriott International (NASDAQ:MAR) last issued its quarterly earnings results on Tuesday, November 7th. The company reported $1.10 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.98 by $0.12. The business had revenue of $5.66 billion for the quarter, compared to the consensus estimate of $5.22 billion. Marriott International had a net margin of 6.30% and a return on equity of 31.58%. The firm’s quarterly revenue was up 43.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.91 EPS. equities research analysts predict that Marriott International will post 4.24 earnings per share for the current fiscal year.
Marriott International announced that its board has initiated a share repurchase program on Thursday, November 9th that allows the company to buyback 30,000,000 shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s board believes its shares are undervalued.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 29th. Investors 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 dividend on an annualized basis and a yield of 0.93%. Marriott International’s payout ratio is 35.87%.
In other news, insider David A. Rodriguez sold 7,600 shares of the stock in a transaction that occurred on Tuesday, December 19th. The stock was sold at an average price of $133.09, for a total value of $1,011,484.00. Following the completion of the sale, the insider now owns 13,624 shares of the company’s stock, valued at approximately $1,813,218.16. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Craig S. Smith sold 5,840 shares of the stock in a transaction that occurred on Friday, December 28th. The shares were sold at an average price of $136.26, for a total value of $795,758.40. Following the completion of the sale, the insider now directly owns 26,317 shares of the company’s stock, valued at approximately $3,585,954.42. The disclosure for this sale can be found here. Over the last three months, insiders have sold 221,825 shares of company stock valued at $27,378,820. 11.32% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Advisory Services Network LLC lifted its holdings in Marriott International by 1,490.1% during the 2nd quarter. Advisory Services Network LLC now owns 1,129 shares of the company’s stock valued at $113,000 after purchasing an additional 1,058 shares during the last quarter. First Quadrant L P CA acquired a new stake in Marriott International during the 3rd quarter valued at $136,000. Grove Bank & Trust lifted its holdings in Marriott International by 214.8% during the 3rd quarter. Grove Bank & Trust now owns 1,231 shares of the company’s stock valued at $136,000 after purchasing an additional 840 shares during the last quarter. Carroll Financial Associates Inc. lifted its holdings in Marriott International by 175.6% during the 3rd quarter. Carroll Financial Associates Inc. now owns 1,323 shares of the company’s stock valued at $147,000 after purchasing an additional 843 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. lifted its holdings in Marriott International by 28.1% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 1,572 shares of the company’s stock valued at $158,000 after purchasing an additional 345 shares during the last quarter. 66.67% of the stock is owned by institutional investors.
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About Marriott International
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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