Robert W. Baird Reiterates Hold Rating for Marriott International (MAR)
MAR has been the topic of several other research reports. Zacks Investment Research raised Marriott International from a hold rating to a buy rating and set a $149.00 target price on the stock in a research report on Monday, October 1st. BidaskClub raised Marriott International from a sell rating to a hold rating in a research report on Tuesday, September 11th. Morgan Stanley dropped their target price on Marriott International from $143.00 to $138.00 and set an equal weight rating on the stock in a research report on Wednesday, August 8th. Barclays dropped their target price on Marriott International from $148.00 to $141.00 and set an equal weight rating on the stock in a research report on Wednesday, August 8th. Finally, Longbow Research began coverage on Marriott International in a research report on Friday, September 7th. They set a buy rating and a $156.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the stock. Marriott International presently has a consensus rating of Hold and a consensus price target of $139.80.
Shares of NASDAQ:MAR opened at $113.50 on Monday. Marriott International has a 52-week low of $106.96 and a 52-week high of $149.21. The company has a market capitalization of $39.24 billion, a P/E ratio of 26.03, a PEG ratio of 1.67 and a beta of 1.37. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 3.75.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 31st. Stockholders of record on Wednesday, November 21st will be given a $0.41 dividend. The ex-dividend date of this dividend is Tuesday, November 20th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.44%. Marriott International’s payout ratio is 37.61%.
In other news, Director Eric Hippeau sold 9,000 shares of the firm’s stock in a transaction on Tuesday, November 13th. The stock was sold at an average price of $116.23, for a total value of $1,046,070.00. Following the completion of the sale, the director now owns 21,762 shares of the company’s stock, valued at approximately $2,529,397.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 12.99% of the stock is owned by company insiders.
Several institutional investors have recently bought and sold shares of the company. Atria Investments LLC raised its stake in Marriott International by 19.6% in the 3rd quarter. Atria Investments LLC now owns 2,561 shares of the company’s stock worth $338,000 after acquiring an additional 419 shares during the last quarter. Bamco Inc. NY raised its stake in Marriott International by 0.4% in the 3rd quarter. Bamco Inc. NY now owns 109,128 shares of the company’s stock worth $14,408,000 after acquiring an additional 439 shares during the last quarter. Private Wealth Partners LLC raised its stake in Marriott International by 2.5% in the 2nd quarter. Private Wealth Partners LLC now owns 18,680 shares of the company’s stock worth $2,365,000 after acquiring an additional 450 shares during the last quarter. First Pacific Advisors LP raised its stake in Marriott International by 17.9% in the 3rd quarter. First Pacific Advisors LP now owns 3,300 shares of the company’s stock worth $436,000 after acquiring an additional 500 shares during the last quarter. Finally, Motley Fool Asset Management LLC raised its stake in Marriott International by 15.4% in the 2nd quarter. Motley Fool Asset Management LLC now owns 3,793 shares of the company’s stock worth $480,000 after acquiring an additional 507 shares during the last quarter. 63.48% of the stock is owned by hedge funds and other institutional investors.
Marriott International Company Profile
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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