BidaskClub upgraded shares of Marriott International (NASDAQ:MAR) from a buy rating to a strong-buy rating in a research report sent to investors on Thursday morning.

Other research analysts have also issued reports about the stock. Berenberg Bank restated a buy rating and set a $125.00 price target on shares of Marriott International in a research report on Friday, August 18th. Robert W. Baird restated a hold rating and set a $103.00 price target on shares of Marriott International in a research report on Sunday, September 17th. Stifel Nicolaus boosted their price target on shares of Marriott International from $95.00 to $98.00 and gave the company a hold rating in a research report on Tuesday, August 8th. Zacks Investment Research upgraded shares of Marriott International from a sell rating to a hold rating in a research report on Wednesday, August 9th. Finally, UBS AG restated a neutral rating and set a $101.00 price target (up from $98.00) on shares of Marriott International in a research report on Monday, August 14th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of Buy and a consensus price target of $99.68.

Shares of Marriott International (NASDAQ MAR) opened at 115.11 on Thursday. The company has a market capitalization of $42.87 billion, a PE ratio of 37.78 and a beta of 1.36. Marriott International has a 1-year low of $65.91 and a 1-year high of $115.31. The firm’s 50-day moving average price is $107.45 and its 200 day moving average price is $102.24.

Marriott International (NASDAQ:MAR) last released its quarterly earnings results on Monday, August 7th. The company reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.11. The firm had revenue of $5.80 billion during the quarter, compared to analyst estimates of $5.73 billion. Marriott International had a net margin of 5.27% and a return on equity of 26.26%. The business’s revenue for the quarter was up 48.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.03 EPS. Equities analysts predict that Marriott International will post $4.14 EPS for the current fiscal year.

COPYRIGHT VIOLATION WARNING: “Marriott International (MAR) Upgraded by BidaskClub to “Strong-Buy”” was originally posted by Watch List News and is the property of of Watch List News. If you are reading this report on another site, it was illegally stolen and republished in violation of United States & international copyright and trademark legislation. The original version of this report can be viewed at https://www.watchlistnews.com/marriott-international-mar-upgraded-by-bidaskclub-to-strong-buy/1634388.html.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Thursday, August 24th were paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 1.15%. The ex-dividend date was Tuesday, August 22nd. Marriott International’s dividend payout ratio (DPR) is 45.52%.

In other news, EVP Edward A. Ryan sold 4,453 shares of the company’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $103.81, for a total transaction of $462,265.93. Following the completion of the transaction, the executive vice president now directly owns 80,406 shares of the company’s stock, valued at $8,346,946.86. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider B. Marriott Marital Tr Juliana sold 30,000 shares of the company’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $99.84, for a total transaction of $2,995,200.00. Following the transaction, the insider now directly owns 493,896 shares of the company’s stock, valued at $49,310,576.64. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 110,727 shares of company stock valued at $11,339,600. Insiders own 11.32% of the company’s stock.

Several large investors have recently modified their holdings of the company. Regal Wealth Group Inc. raised its stake in shares of Marriott International by 0.3% during the second quarter. Regal Wealth Group Inc. now owns 1,637 shares of the company’s stock valued at $164,000 after acquiring an additional 5 shares during the last quarter. Gradient Investments LLC raised its stake in shares of Marriott International by 0.3% during the second quarter. Gradient Investments LLC now owns 2,011 shares of the company’s stock valued at $202,000 after acquiring an additional 6 shares during the last quarter. Family Firm Inc. raised its stake in shares of Marriott International by 0.3% during the second quarter. Family Firm Inc. now owns 2,931 shares of the company’s stock valued at $294,000 after acquiring an additional 8 shares during the last quarter. Alexandria Capital LLC raised its stake in shares of Marriott International by 0.7% during the second quarter. Alexandria Capital LLC now owns 1,644 shares of the company’s stock valued at $165,000 after acquiring an additional 12 shares during the last quarter. Finally, First Bank & Trust raised its stake in shares of Marriott International by 1.2% during the second quarter. First Bank & Trust now owns 1,701 shares of the company’s stock valued at $171,000 after acquiring an additional 20 shares during the last quarter. 65.85% of the stock is owned by hedge funds and other institutional investors.

About Marriott International

Marriott International, Inc (Marriott International) is a lodging company. Marriott International operates in three business segments: North American Full-Service, North American Limited-Service and International. Its North American Full-Service segment includes its Luxury and Premium brands (JW Marriott, Marriott Hotels, Sheraton, Westin, Renaissance Hotels, Le Meridien, Autograph Collection Hotels, Delta Hotels, Gaylord Hotels, and Tribute Portfolio) located in the United States and Canada.

Analyst Recommendations for Marriott International (NASDAQ:MAR)

Receive News & Ratings for Marriott International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marriott International and related companies with Analyst Ratings Network's FREE daily email newsletter.