Marriott International (MAR) Downgraded by BidaskClub to “Hold”

BidaskClub lowered shares of Marriott International (NASDAQ:MAR) from a buy rating to a hold rating in a research report report published on Thursday morning.

A number of other research analysts have also issued reports on MAR. ValuEngine raised Marriott International from a hold rating to a buy rating in a report on Thursday, March 1st. Zacks Investment Research lowered Marriott International from a buy rating to a hold rating in a report on Tuesday, March 6th. Robert W. Baird reissued a hold rating and issued a $138.00 target price on shares of Marriott International in a report on Thursday, April 19th. Deutsche Bank reissued a hold rating and issued a $141.00 target price on shares of Marriott International in a report on Thursday, May 10th. Finally, Evercore ISI raised Marriott International from an in-line rating to an outperform rating and boosted their target price for the company from $146.00 to $155.00 in a report on Thursday, May 17th. Ten research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Marriott International presently has an average rating of Hold and an average target price of $134.50.

Shares of Marriott International traded up $1.34, reaching $126.60, during trading on Thursday, MarketBeat Ratings reports. The company had a trading volume of 2,022,500 shares, compared to its average volume of 2,108,771. The firm has a market cap of $44.85 billion, a P/E ratio of 29.04, a PEG ratio of 2.03 and a beta of 1.36. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 2.20. Marriott International has a fifty-two week low of $96.90 and a fifty-two week high of $149.21.

Marriott International (NASDAQ:MAR) last released its earnings results on Tuesday, May 8th. The company reported $1.34 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.22 by $0.12. The business had revenue of $5.01 billion for the quarter, compared to analyst estimates of $5.78 billion. Marriott International had a return on equity of 41.82% and a net margin of 6.29%. The company’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.01 earnings per share. research analysts forecast that Marriott International will post 5.51 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 29th. Investors of record on Friday, May 18th will be issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date of this dividend is Thursday, May 17th. This is a positive change from Marriott International’s previous quarterly dividend of $0.33. Marriott International’s dividend payout ratio is currently 37.61%.

In other Marriott International news, Director Mary K. Bush sold 2,184 shares of the business’s stock in a transaction on Tuesday, May 15th. The stock was sold at an average price of $138.84, for a total transaction of $303,226.56. Following the sale, the director now directly owns 275 shares in the company, valued at $38,181. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Juliana B. Marriott sold 4,294 shares of the business’s stock in a transaction on Thursday, June 7th. The stock was sold at an average price of $141.49, for a total value of $607,558.06. Following the sale, the insider now owns 18,000 shares in the company, valued at $2,546,820. The disclosure for this sale can be found here. Insiders have sold 18,559 shares of company stock worth $2,613,773 in the last ninety days. 12.99% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of MAR. Wolverine Asset Management LLC purchased a new stake in Marriott International during the fourth quarter worth $128,000. Signaturefd LLC purchased a new stake in Marriott International during the first quarter worth $133,000. Newport Wealth Strategies Inc. purchased a new stake in Marriott International during the fourth quarter worth $206,000. Quad Capital Management Advisors LLC purchased a new stake in Marriott International during the first quarter worth $208,000. Finally, Cobblestone Capital Advisors LLC NY purchased a new stake in Marriott International during the fourth quarter worth $213,000. Institutional investors own 63.89% of the company’s stock.

About Marriott International

Marriott International, Inc operates, franchises, and licenses hotel, residential, and timeshare properties worldwide. The company operates through three segments: North American Full-Service, North American Limited-Service, and Asia Pacific. It operates its properties under the JW Marriott, The Ritz-Carlton, W Hotels, The Luxury Collection, St.

Analyst Recommendations for Marriott International (NASDAQ:MAR)

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