Marriott International (NASDAQ:MAR) Given Average Rating of “Buy” by Analysts
Marriott International (NASDAQ:MAR) has received a consensus rating of “Buy” from the twenty research firms that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $97.22.
A number of equities research analysts have commented on MAR shares. J P Morgan Chase & Co reiterated an “overweight” rating and set a $111.00 target price on shares of Marriott International in a report on Friday, May 12th. Zacks Investment Research upgraded Marriott International from a “hold” rating to a “buy” rating and set a $115.00 target price on the stock in a report on Tuesday, May 16th. Canaccord Genuity reiterated a “buy” rating and set a $113.00 target price (up previously from $100.00) on shares of Marriott International in a report on Monday, May 8th. BidaskClub cut Marriott International from a “buy” rating to a “hold” rating in a report on Wednesday, July 5th. Finally, Guggenheim started coverage on Marriott International in a report on Wednesday, April 26th. They set a “neutral” rating on the stock.
Shares of Marriott International (MAR) traded down 0.12% during trading on Friday, reaching $99.40. The company had a trading volume of 2,154,708 shares. The firm has a market capitalization of $37.02 billion, a P/E ratio of 32.62 and a beta of 1.36. Marriott International has a 12 month low of $65.91 and a 12 month high of $110.51. The firm’s 50 day moving average price is $102.16 and its 200 day moving average price is $96.39.
Marriott International (NASDAQ:MAR) last announced its 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 for the quarter, compared to analysts’ expectations of $5.73 billion. Marriott International had a return on equity of 26.26% and a net margin of 5.27%. Marriott International’s quarterly revenue was up 48.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.03 EPS. Equities analysts predict that Marriott International will post $4.10 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Thursday, August 24th will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 1.33%. The ex-dividend date is Tuesday, August 22nd. Marriott International’s dividend payout ratio (DPR) is currently 45.52%.
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In related news, EVP Anthony Capuano sold 5,000 shares of the stock in a transaction on Friday, June 30th. The stock was sold at an average price of $100.72, for a total value of $503,600.00. Following the transaction, the executive vice president now directly owns 56,405 shares of the company’s stock, valued at approximately $5,681,111.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Mary K. Bush sold 1,200 shares of the stock in a transaction on Friday, June 30th. The stock was sold at an average price of $100.89, for a total value of $121,068.00. Following the completion of the transaction, the director now directly owns 1,101 shares in the company, valued at $111,079.89. The disclosure for this sale can be found here. Insiders sold a total of 41,216 shares of company stock worth $4,270,892 over the last ninety days. Corporate insiders own 17.07% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. Regal Wealth Group Inc. increased its stake in shares of Marriott International by 0.3% in the second quarter. Regal Wealth Group Inc. now owns 1,637 shares of the company’s stock valued at $164,000 after buying an additional 5 shares in the last quarter. Gradient Investments LLC increased its stake in shares of Marriott International by 0.3% in the second quarter. Gradient Investments LLC now owns 2,011 shares of the company’s stock valued at $202,000 after buying an additional 6 shares in the last quarter. Family Firm Inc. increased its stake in shares of Marriott International by 0.3% in the second quarter. Family Firm Inc. now owns 2,931 shares of the company’s stock valued at $294,000 after buying an additional 8 shares in the last quarter. Alexandria Capital LLC increased its stake in shares of Marriott International by 0.7% in the second quarter. Alexandria Capital LLC now owns 1,644 shares of the company’s stock valued at $165,000 after buying an additional 12 shares in the last quarter. Finally, First Bank & Trust increased its stake in shares of Marriott International by 1.2% in the second quarter. First Bank & Trust now owns 1,701 shares of the company’s stock valued at $171,000 after buying an additional 20 shares in the last quarter. Hedge funds and other institutional investors own 67.06% of the company’s stock.
Marriott International Company Profile
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.
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