Marriott International (NASDAQ:MAR) had its price objective trimmed by Nomura from $181.00 to $165.00 in a research note published on Wednesday morning, The Fly reports. The firm currently has a buy rating on the stock.
A number of other analysts have also weighed in on the company. JPMorgan Chase & Co. lowered their target price on Marriott International from $134.00 to $128.00 and set a neutral rating for the company in a report on Friday, September 6th. Cowen set a $140.00 target price on Marriott International and gave the stock a buy rating in a report on Wednesday, October 9th. Longbow Research lowered Marriott International from a buy rating to a neutral rating in a report on Monday, July 15th. BMO Capital Markets restated a hold rating and set a $128.00 target price on shares of Marriott International in a report on Wednesday. Finally, Royal Bank of Canada upped their target price on Marriott International from $146.00 to $148.00 and gave the stock an outperform rating in a report on Monday, September 16th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of $135.50.
MAR stock traded up $0.14 during midday trading on Wednesday, reaching $133.20. 1,020,300 shares of the company traded hands, compared to its average volume of 1,785,499. The business has a 50 day moving average of $123.92 and a 200-day moving average of $130.93. The company has a debt-to-equity ratio of 8.93, a quick ratio of 0.51 and a current ratio of 0.51. The firm has a market capitalization of $44.03 billion, a price-to-earnings ratio of 21.45, a P/E/G ratio of 3.42 and a beta of 1.27. Marriott International has a 52-week low of $100.62 and a 52-week high of $144.24.
Marriott International (NASDAQ:MAR) last posted its earnings results on Monday, November 4th. The company reported $1.47 earnings per share for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.02). The company had revenue of $5.28 billion for the quarter, compared to analysts’ expectations of $5.14 billion. Marriott International had a return on equity of 117.92% and a net margin of 6.28%. The firm’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.70 EPS. Research analysts anticipate that Marriott International will post 5.9 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Thursday, November 21st will be issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 1.44%. Marriott International’s dividend payout ratio is presently 30.92%.
In other news, insider Craig S. Smith sold 14,915 shares of the stock in a transaction on Friday, August 16th. The stock was sold at an average price of $128.20, for a total transaction of $1,912,103.00. Following the completion of the sale, the insider now owns 18,062 shares in the company, valued at approximately $2,315,548.40. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Bruce W. Duncan sold 3,376 shares of the stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $132.16, for a total value of $446,172.16. Following the sale, the director now owns 14,600 shares of the company’s stock, valued at approximately $1,929,536. The disclosure for this sale can be found here. In the last quarter, insiders have sold 23,157 shares of company stock valued at $3,008,421. Company insiders own 12.60% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of MAR. Vanguard Group Inc. raised its stake in Marriott International by 5.0% in the 2nd quarter. Vanguard Group Inc. now owns 20,967,637 shares of the company’s stock worth $2,941,550,000 after acquiring an additional 1,000,762 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in Marriott International by 9.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 8,105,856 shares of the company’s stock worth $1,008,125,000 after acquiring an additional 698,009 shares during the last quarter. Northern Trust Corp raised its stake in Marriott International by 8.1% in the 2nd quarter. Northern Trust Corp now owns 3,246,154 shares of the company’s stock worth $455,403,000 after acquiring an additional 243,203 shares during the last quarter. Markel Corp raised its stake in Marriott International by 1.0% in the 3rd quarter. Markel Corp now owns 1,574,269 shares of the company’s stock worth $195,792,000 after acquiring an additional 15,000 shares during the last quarter. Finally, AKO Capital LLP raised its stake in Marriott International by 1.8% in the 2nd quarter. AKO Capital LLP now owns 1,235,952 shares of the company’s stock worth $173,392,000 after acquiring an additional 22,173 shares during the last quarter. Hedge funds and other institutional investors own 63.31% 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 North American Full-Service, North American Limited-Service, and Asia Pacific segments. It operates its properties under the JW Marriott, The Ritz-Carlton, Ritz-Carlton Reserve, W Hotels, The Luxury Collection, St.
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