Marriott International (NASDAQ:MAR) had its price objective upped by Robert W. Baird from $101.00 to $103.00 in a research note issued to investors on Tuesday. Robert W. Baird currently has a neutral rating on the stock.
A number of other research analysts have also commented on the company. Stifel Nicolaus upped their price target on Marriott International from $95.00 to $98.00 and gave the company a hold rating in a research report on Tuesday. BidaskClub raised Marriott International from a hold rating to a buy rating in a research report on Monday, July 24th. Zacks Investment Research lowered Marriott International from a buy rating to a sell rating in a research report on Tuesday, July 11th. Royal Bank Of Canada reaffirmed an outperform rating and set a $109.00 price target (up previously from $92.00) on shares of Marriott International in a research report on Monday, June 12th. Finally, J P Morgan Chase & Co reaffirmed an overweight rating and set a $111.00 price target on shares of Marriott International in a research report on Friday, May 12th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Marriott International has a consensus rating of Buy and an average target price of $98.56.
Shares of Marriott International (NASDAQ:MAR) opened at 99.40 on Tuesday. Marriott International has a 52 week low of $65.91 and a 52 week high of $110.51. The firm has a market cap of $37.02 billion, a PE ratio of 32.62 and a beta of 1.36. The firm has a 50-day moving average price of $102.16 and a 200-day moving average price of $96.39.
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 business had revenue of $5.80 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.03 EPS. On average, equities research analysts predict that Marriott International will post $4.10 earnings per share for the current year.
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The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Thursday, August 24th will be paid a $0.33 dividend. The ex-dividend date is Tuesday, August 22nd. This represents a $1.32 annualized dividend and a dividend yield of 1.33%. Marriott International’s payout ratio is currently 45.52%.
In other Marriott International news, 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 transaction of $121,068.00. Following the sale, the director now directly owns 1,101 shares in the company, valued at approximately $111,079.89. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Stephen Blake Marriott sold 3,733 shares of the stock in a transaction on Wednesday, May 31st. The shares were sold at an average price of $107.44, for a total value of $401,073.52. Following the sale, the insider now owns 145,601 shares in the company, valued at $15,643,371.44. The disclosure for this sale can be found here. Insiders sold a total of 41,216 shares of company stock worth $4,270,892 in the last 90 days. 17.07% of the stock is currently owned by company insiders.
A number of hedge funds have recently modified their holdings of 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. Institutional investors and hedge funds 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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