Marriott International Inc (NASDAQ:MAR) was the recipient of a large drop in short interest in the month of September. As of September 30th, there was short interest totalling 6,410,000 shares, a drop of 6.0% from the August 30th total of 6,820,000 shares. Approximately 2.3% of the shares of the stock are sold short. Based on an average daily volume of 1,790,000 shares, the short-interest ratio is currently 3.6 days.

A number of analysts have issued reports on MAR shares. Deutsche Bank reiterated a “hold” rating and issued a $123.00 price target on shares of Marriott International in a report on Wednesday, August 7th. JPMorgan Chase & Co. reduced their price target on shares of Marriott International from $134.00 to $128.00 and set a “neutral” rating on the stock in a report on Friday, September 6th. Longbow Research downgraded shares of Marriott International from a “buy” rating to a “neutral” rating in a report on Monday, July 15th. BMO Capital Markets started coverage on shares of Marriott International in a report on Wednesday. They issued a “market perform” rating on the stock. Finally, ValuEngine downgraded shares of Marriott International from a “hold” rating to a “sell” rating in a report on Thursday, October 10th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $134.00.

Shares of MAR stock traded down $0.02 during trading hours on Wednesday, reaching $121.09. 1,091,800 shares of the stock were exchanged, compared to its average volume of 1,804,095. Marriott International has a 12-month low of $100.62 and a 12-month high of $144.24. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 8.93. The company’s 50-day moving average price is $125.04 and its 200-day moving average price is $131.62. The firm has a market capitalization of $39.91 billion, a price-to-earnings ratio of 19.50, a price-to-earnings-growth ratio of 3.04 and a beta of 1.28.

Marriott International (NASDAQ:MAR) last released its quarterly earnings results on Monday, August 5th. The company reported $1.56 EPS for the quarter, hitting analysts’ consensus estimates of $1.56. Marriott International had a net margin of 6.81% and a return on equity of 113.75%. The firm had revenue of $5.31 billion during the quarter, compared to analysts’ expectations of $5.50 billion. During the same period in the previous year, the company earned $1.73 EPS. The firm’s revenue for the quarter was down 1.9% compared to the same quarter last year. On average, sell-side analysts expect that Marriott International will post 6.01 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, August 22nd were given a $0.48 dividend. The ex-dividend date was Wednesday, August 21st. This represents a $1.92 annualized dividend and a yield of 1.59%. Marriott International’s dividend payout ratio (DPR) is 30.92%.

In other news, Director Bruce W. Duncan sold 3,376 shares of the firm’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $132.16, for a total transaction of $446,172.16. Following the sale, the director now directly owns 14,600 shares in the company, valued at approximately $1,929,536. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Craig S. Smith sold 14,915 shares of the firm’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $128.20, for a total transaction of $1,912,103.00. Following the sale, the insider now owns 18,062 shares in the company, valued at $2,315,548.40. The disclosure for this sale can be found here. Insiders have sold a total of 23,157 shares of company stock worth $3,008,421 over the last 90 days. Insiders own 12.60% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the business. Alpha Cubed Investments LLC raised its holdings in shares of Marriott International by 4.0% in the 2nd quarter. Alpha Cubed Investments LLC now owns 2,123 shares of the company’s stock valued at $298,000 after purchasing an additional 82 shares in the last quarter. Patten Group Inc. raised its holdings in shares of Marriott International by 0.8% in the 2nd quarter. Patten Group Inc. now owns 10,586 shares of the company’s stock valued at $1,485,000 after purchasing an additional 88 shares in the last quarter. Zeke Capital Advisors LLC raised its holdings in shares of Marriott International by 1.7% in the 2nd quarter. Zeke Capital Advisors LLC now owns 5,383 shares of the company’s stock valued at $755,000 after purchasing an additional 92 shares in the last quarter. Baxter Bros Inc. raised its holdings in shares of Marriott International by 0.7% in the 2nd quarter. Baxter Bros Inc. now owns 14,925 shares of the company’s stock valued at $2,094,000 after purchasing an additional 100 shares in the last quarter. Finally, GHP Investment Advisors Inc. raised its holdings in shares of Marriott International by 0.6% in the 2nd quarter. GHP Investment Advisors Inc. now owns 18,461 shares of the company’s stock valued at $2,590,000 after purchasing an additional 107 shares in the last quarter. 63.22% of the stock is 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 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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