Marriott International (NASDAQ:MAR) was upgraded by equities research analysts at BidaskClub from a “sell” rating to a “hold” rating in a report released on Saturday, BidAskClub reports.
Several other equities analysts have also commented on MAR. Wells Fargo & Co reduced their price target on Marriott International from $135.00 to $130.00 and set a “market perform” rating on the stock in a research report on Friday, October 18th. Deutsche Bank reissued a “hold” rating and set a $123.00 price target on shares of Marriott International in a research report on Wednesday, November 6th. Cowen set a $140.00 price target on Marriott International and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Nomura reduced their price target on Marriott International from $181.00 to $165.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. Finally, JPMorgan Chase & Co. reduced their price target on Marriott International from $134.00 to $128.00 and set a “neutral” rating on the stock in a research report on Friday, September 6th. Fourteen research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $135.50.
Marriott International stock traded down $0.21 during midday trading on Friday, hitting $135.47. 992,680 shares of the company were exchanged, compared to its average volume of 1,770,440. The company’s fifty day moving average price is $125.77 and its 200-day moving average price is $130.86. The company has a market cap of $44.31 billion, a PE ratio of 21.81, a price-to-earnings-growth ratio of 3.50 and a beta of 1.27. The company has a debt-to-equity ratio of 13.63, a current ratio of 0.51 and a quick ratio of 0.51. Marriott International has a fifty-two week low of $100.62 and a fifty-two week high of $144.24.
Marriott International (NASDAQ:MAR) last released its quarterly earnings results on Monday, November 4th. The company reported $1.47 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.02). The company had revenue of $5.28 billion for the quarter, compared to analyst estimates of $5.14 billion. Marriott International had a return on equity of 134.91% and a net margin of 6.28%. The business’s revenue was up 4.6% on a year-over-year basis. During the same period last year, the firm posted $1.70 earnings per share. On average, analysts expect that Marriott International will post 5.9 EPS for the current fiscal year.
In other Marriott International news, Director George Munoz sold 4,866 shares of Marriott International stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $133.61, for a total transaction of $650,146.26. Following the sale, the director now directly owns 6,754 shares in the company, valued at approximately $902,401.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Argiris Kyriakidis sold 1,100 shares of Marriott International stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $134.21, for a total value of $147,631.00. Following the sale, the director now owns 14,108 shares in the company, valued at $1,893,434.68. The disclosure for this sale can be found here. 12.60% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. Alpha Cubed Investments LLC grew its stake in Marriott International by 4.0% during the 2nd quarter. Alpha Cubed Investments LLC now owns 2,123 shares of the company’s stock worth $298,000 after buying an additional 82 shares during the last quarter. Patten Group Inc. grew its stake in Marriott International by 0.8% during the 2nd quarter. Patten Group Inc. now owns 10,586 shares of the company’s stock worth $1,485,000 after buying an additional 88 shares during the last quarter. Wetherby Asset Management Inc. grew its stake in Marriott International by 1.1% during the 3rd quarter. Wetherby Asset Management Inc. now owns 8,552 shares of the company’s stock worth $1,064,000 after buying an additional 89 shares during the last quarter. Northstar Group Inc. grew its stake in Marriott International by 4.8% during the 3rd quarter. Northstar Group Inc. now owns 1,956 shares of the company’s stock worth $243,000 after buying an additional 90 shares during the last quarter. Finally, Zeke Capital Advisors LLC grew its stake in Marriott International by 1.7% during the 2nd quarter. Zeke Capital Advisors LLC now owns 5,383 shares of the company’s stock worth $755,000 after buying an additional 92 shares during the last quarter. Institutional investors and hedge funds own 63.97% 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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