Stifel Nicolaus restated their hold rating on shares of Marriott International (NASDAQ:MAR) in a report released on Tuesday, January 9th. They currently have a $132.00 price objective on the stock.
MAR has been the subject of a number of other research reports. BidaskClub raised shares of Marriott International from a buy rating to a strong-buy rating in a research report on Thursday, October 12th. Sanford C. Bernstein cut Marriott International from an outperform rating to a market perform rating in a research note on Thursday, November 16th. Barclays raised their price objective on Marriott International from $105.00 to $130.00 and gave the stock an equal weight rating in a research note on Tuesday, November 28th. Deutsche Bank restated a hold rating and set a $124.00 price objective on shares of Marriott International in a research note on Wednesday, December 6th. Finally, Robert W. Baird set a $103.00 price objective on Marriott International and gave the stock a hold rating in a research note on Tuesday, October 17th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. Marriott International currently has a consensus rating of Buy and an average price target of $117.21.
Shares of Marriott International (MAR) traded down $2.46 during trading hours on Tuesday, hitting $145.06. 588,268 shares of the stock traded hands, compared to its average volume of 2,163,159. The stock has a market cap of $52,750.00, a P/E ratio of 39.36, a PEG ratio of 2.39 and a beta of 1.35. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 1.83. Marriott International has a twelve month low of $84.77 and a twelve month high of $149.21.
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 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 firm had revenue of $5.66 billion during the quarter, compared to the consensus estimate of $5.22 billion. During the same quarter in the prior year, the firm earned $0.91 EPS. Marriott International’s revenue for the quarter was up 43.7% on a year-over-year basis. equities research analysts expect that Marriott International will post 4.24 EPS for the current fiscal year.
Marriott International declared that its Board of Directors has approved a share repurchase plan on Thursday, November 9th that allows the company to buyback 30,000,000 outstanding shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its shares are undervalued.
In related news, insider Deborah Marriott Harrison sold 130,000 shares of Marriott International stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $119.17, for a total transaction of $15,492,100.00. Following the transaction, the insider now directly owns 114,155 shares of the company’s stock, valued at $13,603,851.35. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Craig S. Smith sold 5,840 shares of Marriott International stock in a transaction dated Friday, December 28th. The stock was sold at an average price of $136.26, for a total value of $795,758.40. Following the transaction, the insider now directly owns 26,317 shares in the company, valued at $3,585,954.42. 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. Corporate insiders own 11.32% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. FMR LLC grew its position in shares of Marriott International by 32.5% during the second quarter. FMR LLC now owns 15,406,182 shares of the company’s stock worth $1,545,394,000 after buying an additional 3,780,639 shares in the last quarter. Capital Research Global Investors increased its position in shares of Marriott International by 7.2% during the second quarter. Capital Research Global Investors now owns 12,763,000 shares of the company’s stock valued at $1,280,257,000 after purchasing an additional 862,710 shares during the period. Janus Henderson Group PLC increased its position in shares of Marriott International by 1,881.3% during the second quarter. Janus Henderson Group PLC now owns 887,490 shares of the company’s stock valued at $89,025,000 after purchasing an additional 842,696 shares during the period. Koch Industries Inc. bought a new stake in shares of Marriott International during the second quarter valued at approximately $629,000. Finally, Gotham Asset Management LLC increased its position in shares of Marriott International by 11,934.7% during the second quarter. Gotham Asset Management LLC now owns 381,379 shares of the company’s stock valued at $38,256,000 after purchasing an additional 378,210 shares during the period. 66.71% of the stock is currently owned by hedge funds and other institutional investors.
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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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