Robert W. Baird reiterated their hold rating on shares of Marriott International (NASDAQ:MAR) in a report issued on Monday morning. They currently have a $127.00 price objective on the stock.
A number of other research analysts have also recently weighed in on MAR. Cowen initiated coverage on Marriott International in a research report on Monday, October 22nd. They set an outperform rating and a $140.00 price objective on the stock. Longbow Research initiated coverage on Marriott International in a research report on Friday, September 7th. They set a buy rating and a $156.00 price objective on the stock. Zacks Investment Research raised Marriott International from a sell rating to a hold rating in a research report on Wednesday, August 8th. ValuEngine cut Marriott International from a buy rating to a hold rating in a research report on Wednesday, August 8th. Finally, SunTrust Banks reaffirmed a hold rating and set a $136.00 price objective on shares of Marriott International in a research report on Thursday, August 9th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the company. The stock has a consensus rating of Hold and an average price target of $139.80.
Marriott International stock opened at $115.32 on Monday. The stock has a market cap of $38.72 billion, a price-to-earnings ratio of 26.45, a PEG ratio of 1.59 and a beta of 1.37. Marriott International has a 52-week low of $106.96 and a 52-week high of $149.21. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 3.75.
Marriott International (NASDAQ:MAR) last released its quarterly earnings results on Monday, November 5th. The company reported $1.70 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.31 by $0.39. The business had revenue of $5.05 billion during the quarter, compared to the consensus estimate of $5.28 billion. Marriott International had a return on equity of 68.01% and a net margin of 7.95%. The business’s quarterly revenue was down .6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.10 EPS. On average, sell-side analysts expect that Marriott International will post 6.18 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 31st. Investors of record on Wednesday, November 21st will be issued a $0.41 dividend. The ex-dividend date of this dividend is Tuesday, November 20th. This represents a $1.64 dividend on an annualized basis and a yield of 1.42%. Marriott International’s dividend payout ratio is presently 37.61%.
In related news, Director Eric Hippeau sold 9,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 13th. The stock was sold at an average price of $116.23, for a total value of $1,046,070.00. Following the transaction, the director now directly owns 21,762 shares of the company’s stock, valued at approximately $2,529,397.26. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 12.99% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Atria Investments LLC raised its holdings in shares of Marriott International by 19.6% during the 3rd quarter. Atria Investments LLC now owns 2,561 shares of the company’s stock worth $338,000 after acquiring an additional 419 shares in the last quarter. Bamco Inc. NY raised its holdings in shares of Marriott International by 0.4% during the 3rd quarter. Bamco Inc. NY now owns 109,128 shares of the company’s stock worth $14,408,000 after acquiring an additional 439 shares in the last quarter. Private Wealth Partners LLC raised its holdings in shares of Marriott International by 2.5% during the 2nd quarter. Private Wealth Partners LLC now owns 18,680 shares of the company’s stock worth $2,365,000 after acquiring an additional 450 shares in the last quarter. First Pacific Advisors LP raised its holdings in shares of Marriott International by 17.9% during the 3rd quarter. First Pacific Advisors LP now owns 3,300 shares of the company’s stock worth $436,000 after acquiring an additional 500 shares in the last quarter. Finally, Motley Fool Asset Management LLC raised its holdings in shares of Marriott International by 15.4% during the 2nd quarter. Motley Fool Asset Management LLC now owns 3,793 shares of the company’s stock worth $480,000 after acquiring an additional 507 shares in the last quarter. 63.48% of the stock is currently owned by institutional investors.
Marriott International Company Profile
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.
Further Reading: Outstanding Shares and The Effect on Share Price
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