Marriott International (MAR) Given a $133.00 Price Target by Robert W. Baird Analysts
A number of other equities research analysts have also commented on MAR. BidaskClub lowered shares of Marriott International from a buy rating to a hold rating in a report on Thursday, June 28th. Zacks Investment Research upgraded shares of Marriott International from a sell rating to a hold rating in a report on Wednesday, August 8th. ValuEngine lowered shares of Marriott International from a buy rating to a hold rating in a report on Wednesday, August 8th. Raymond James upgraded shares of Marriott International from a market perform rating to an outperform rating in a report on Tuesday, August 14th. Finally, Barclays lowered their price target on shares of Marriott International from $148.00 to $141.00 and set an equal weight rating for the company in a report on Wednesday, August 8th. Two analysts have rated the stock with a sell rating, nine have given 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 target price of $144.58.
Shares of Marriott International stock traded down $3.25 during trading on Friday, reaching $112.04. The company’s stock had a trading volume of 2,663,720 shares, compared to its average volume of 2,199,623. Marriott International has a 52-week low of $112.01 and a 52-week high of $149.21. The stock has a market capitalization of $40.00 billion, a price-to-earnings ratio of 25.70, a price-to-earnings-growth ratio of 1.70 and a beta of 1.33. The company has a debt-to-equity ratio of 2.95, a quick ratio of 0.48 and a current ratio of 0.48.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 28th. Shareholders of record on Thursday, August 23rd were issued a $0.41 dividend. The ex-dividend date of this dividend was Wednesday, August 22nd. This represents a $1.64 annualized dividend and a yield of 1.46%. Marriott International’s dividend payout ratio (DPR) is presently 37.61%.
In related news, Director Frederick A. Henderson acquired 1,640 shares of the firm’s stock in a transaction on Thursday, August 9th. The stock was acquired at an average cost of $120.84 per share, for a total transaction of $198,177.60. Following the acquisition, the director now owns 1,640 shares of the company’s stock, valued at $198,177.60. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 12.99% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of MAR. Centaurus Financial Inc. bought a new position in shares of Marriott International in the 2nd quarter worth about $102,000. Sun Life Financial INC increased its stake in shares of Marriott International by 331.6% in the 2nd quarter. Sun Life Financial INC now owns 807 shares of the company’s stock worth $102,000 after acquiring an additional 620 shares in the last quarter. Fort L.P. bought a new position in shares of Marriott International in the 2nd quarter worth about $114,000. CenterStar Asset Management LLC bought a new position in shares of Marriott International in the 3rd quarter worth about $133,000. Finally, Tortoise Investment Management LLC bought a new position in shares of Marriott International in the 2nd quarter worth about $155,000. Institutional investors and hedge funds own 61.84% 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 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.
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