Marriott International (MAR) Price Target Lowered to $141.00 at Barclays
Marriott International (NASDAQ:MAR) had its price objective reduced by Barclays from $148.00 to $141.00 in a report released on Wednesday morning. They currently have an equal weight rating on the stock.
MAR has been the subject of a number of other research reports. Robert W. Baird reissued a hold rating and set a $138.00 price target on shares of Marriott International in a research report on Thursday, April 19th. Morgan Stanley cut Marriott International from an overweight rating to an equal rating and set a $129.00 price objective on the stock. in a research note on Tuesday, July 24th. Zacks Investment Research cut Marriott International from a hold rating to a sell rating in a research note on Wednesday, July 18th. Jefferies Financial Group began coverage on Marriott International in a research note on Thursday, May 31st. They set a hold rating and a $152.00 price objective on the stock. Finally, Evercore ISI upgraded Marriott International from an in-line rating to an outperform rating and boosted their price objective for the stock from $146.00 to $155.00 in a research note on Thursday, May 17th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of $139.54.
Shares of NASDAQ:MAR traded down $0.63 during midday trading on Wednesday, reaching $120.16. The company’s stock had a trading volume of 2,307,140 shares, compared to its average volume of 2,098,349. The company has a market cap of $41.91 billion, a P/E ratio of 27.56, a P/E/G ratio of 1.81 and a beta of 1.37. The company has a quick ratio of 0.49, a current ratio of 0.48 and a debt-to-equity ratio of 2.95. Marriott International has a 1 year low of $96.90 and a 1 year high of $149.21.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Thursday, August 23rd will be paid a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 1.36%. Marriott International’s dividend payout ratio (DPR) is 37.61%.
In other Marriott International news, Director Frederick A. Henderson purchased 1,640 shares of the business’s stock in a transaction that occurred on Thursday, August 9th. The shares were acquired at an average price of $120.84 per share, for a total transaction of $198,177.60. Following the completion of the purchase, the director now owns 1,640 shares in the company, valued at approximately $198,177.60. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Mary K. Bush sold 2,184 shares of the business’s stock in a transaction dated Tuesday, May 15th. The stock was sold at an average price of $138.84, for a total value of $303,226.56. Following the completion of the transaction, the director now owns 275 shares in the company, valued at approximately $38,181. The disclosure for this sale can be found here. In the last quarter, insiders sold 18,559 shares of company stock worth $2,613,773. Insiders own 12.99% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. NN Investment Partners Holdings N.V. increased its holdings in Marriott International by 6.2% in the second quarter. NN Investment Partners Holdings N.V. now owns 123,209 shares of the company’s stock valued at $15,598,000 after buying an additional 7,209 shares during the last quarter. FIL Ltd bought a new stake in Marriott International in the first quarter valued at about $14,141,000. JPMorgan Chase & Co. increased its holdings in Marriott International by 22.6% in the first quarter. JPMorgan Chase & Co. now owns 2,043,328 shares of the company’s stock valued at $277,852,000 after buying an additional 376,458 shares during the last quarter. Koch Industries Inc. increased its holdings in Marriott International by 55.7% in the first quarter. Koch Industries Inc. now owns 6,715 shares of the company’s stock valued at $913,000 after buying an additional 2,403 shares during the last quarter. Finally, Chevy Chase Trust Holdings Inc. grew its holdings in shares of Marriott International by 0.5% during the second quarter. Chevy Chase Trust Holdings Inc. now owns 334,572 shares of the company’s stock valued at $42,357,000 after purchasing an additional 1,784 shares during the last quarter. Institutional investors and hedge funds own 63.92% 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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