Marriott International (NASDAQ:MAR) was downgraded by ValuEngine from a “hold” rating to a “sell” rating in a research note issued on Tuesday, ValuEngine reports.
Other research analysts also recently issued reports about the company. Deutsche Bank reissued a “hold” rating and issued a $123.00 price objective on shares of Marriott International in a research note on Wednesday, November 6th. Raymond James downgraded Marriott International from an “outperform” rating to a “market perform” rating and set a $145.00 price objective on the stock. in a research note on Tuesday, January 7th. BMO Capital Markets reissued a “hold” rating and issued a $128.00 price objective on shares of Marriott International in a research note on Wednesday, November 6th. Morgan Stanley boosted their price objective on Marriott International from $123.00 to $135.00 and gave the company an “equal weight” rating in a research note on Thursday, January 9th. Finally, Nomura boosted their price objective on Marriott International from $165.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $139.60.
Shares of NASDAQ:MAR traded up $1.09 during midday trading on Tuesday, reaching $148.39. The company’s stock had a trading volume of 11,828 shares, compared to its average volume of 1,217,142. The firm has a market capitalization of $48.11 billion, a price-to-earnings ratio of 23.95, a PEG ratio of 3.42 and a beta of 1.31. The company has a debt-to-equity ratio of 13.63, a quick ratio of 0.51 and a current ratio of 0.51. The firm has a 50 day moving average price of $146.57 and a two-hundred day moving average price of $134.77. Marriott International has a fifty-two week low of $106.02 and a fifty-two week high of $153.39.
Marriott International (NASDAQ:MAR) last announced its quarterly earnings data on Monday, November 4th. The company reported $1.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.02). The business had revenue of $5.28 billion during the quarter, compared to analyst estimates of $5.14 billion. Marriott International had a net margin of 6.28% and a return on equity of 134.91%. The firm’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.70 earnings per share. As a group, research analysts anticipate that Marriott International will post 5.9 earnings per share for the current year.
In other Marriott International news, major shareholder Juliana B. Marriott sold 20,000 shares of the firm’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $148.93, for a total value of $2,978,600.00. Following the transaction, the insider now directly owns 18,000 shares of the company’s stock, valued at $2,680,740. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Arne M. Sorenson sold 47,824 shares of the firm’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $142.26, for a total transaction of $6,803,442.24. Following the completion of the transaction, the chief executive officer now directly owns 734,598 shares in the company, valued at $104,503,911.48. The disclosure for this sale can be found here. Insiders sold 119,262 shares of company stock worth $17,192,942 over the last ninety days. Insiders own 12.60% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in shares of Marriott International by 5.0% in the second quarter. Vanguard Group Inc. now owns 20,967,637 shares of the company’s stock valued at $2,941,550,000 after buying an additional 1,000,762 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Marriott International by 9.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 8,105,856 shares of the company’s stock valued at $1,008,125,000 after purchasing an additional 698,009 shares during the last quarter. Markel Corp raised its holdings in shares of Marriott International by 1.0% in the third quarter. Markel Corp now owns 1,574,269 shares of the company’s stock valued at $195,792,000 after purchasing an additional 15,000 shares during the last quarter. USS Investment Management Ltd raised its holdings in shares of Marriott International by 24.8% in the third quarter. USS Investment Management Ltd now owns 1,201,957 shares of the company’s stock valued at $149,499,000 after purchasing an additional 238,734 shares during the last quarter. Finally, Nuveen Asset Management LLC raised its holdings in shares of Marriott International by 14,728.1% in the second quarter. Nuveen Asset Management LLC now owns 1,128,865 shares of the company’s stock valued at $158,369,000 after purchasing an additional 1,121,252 shares during the last quarter. 60.92% of the stock is currently owned by hedge funds and other institutional investors.
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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