Shares of Marriott International Inc (NASDAQ:MAR) have been assigned a consensus recommendation of “Buy” from the twenty-one brokerages that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $112.90.
A number of equities analysts recently commented on the company. Morgan Stanley lifted their price target on Marriott International from $110.00 to $112.00 and gave the stock an “overweight” rating in a report on Thursday, November 9th. Stifel Nicolaus reiterated a “hold” rating and set a $115.00 price target (up previously from $98.00) on shares of Marriott International in a report on Wednesday, November 8th. SunTrust Banks lifted their price target on Marriott International to $108.00 and gave the stock a “hold” rating in a report on Thursday, November 9th. BidaskClub upgraded Marriott International from a “buy” rating to a “strong-buy” rating in a report on Thursday, December 21st. Finally, Robert W. Baird lifted their price target on Marriott International from $111.00 to $115.00 and gave the stock a “neutral” rating in a report on Friday, November 10th.
In other news, Director Bruce W. Duncan sold 1,808 shares of Marriott International stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $129.70, for a total value of $234,497.60. Following the completion of the sale, the director now directly owns 40,008 shares in the company, valued at $5,189,037.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Deborah Marriott Harrison sold 130,000 shares of Marriott International stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $119.17, for a total transaction of $15,492,100.00. Following the completion of the sale, the insider now owns 114,155 shares of the company’s stock, valued at $13,603,851.35. The disclosure for this sale can be found here. Insiders have sold 221,825 shares of company stock valued at $27,378,820 over the last 90 days. Company insiders own 11.32% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Marriott International by 1.7% in the second quarter. Vanguard Group Inc. now owns 19,999,062 shares of the company’s stock valued at $2,006,106,000 after buying an additional 331,586 shares in the last quarter. FMR LLC raised its position in shares of Marriott International by 32.5% in the second quarter. FMR LLC now owns 15,406,182 shares of the company’s stock valued at $1,545,394,000 after buying an additional 3,780,639 shares in the last quarter. Capital Research Global Investors raised its position in shares of Marriott International by 7.2% in the second quarter. Capital Research Global Investors now owns 12,763,000 shares of the company’s stock valued at $1,280,257,000 after buying an additional 862,710 shares in the last quarter. Westfield Capital Management Co. LP raised its position in shares of Marriott International by 11.1% in the third quarter. Westfield Capital Management Co. LP now owns 1,681,372 shares of the company’s stock valued at $185,388,000 after buying an additional 167,692 shares in the last quarter. Finally, Janus Henderson Group PLC raised its position in Marriott International by 88.6% during the third quarter. Janus Henderson Group PLC now owns 1,673,540 shares of the company’s stock valued at $184,524,000 after purchasing an additional 786,050 shares in the last quarter. Institutional investors own 66.65% of the company’s stock.
Marriott International (NASDAQ:MAR) traded up $0.35 during trading on Wednesday, reaching $139.78. The company had a trading volume of 1,806,800 shares, compared to its average volume of 2,380,000. Marriott International has a fifty-two week low of $81.93 and a fifty-two week high of $140.26. The company has a debt-to-equity ratio of 1.83, a current ratio of 0.52 and a quick ratio of 0.52. The company has a market capitalization of $50,960.00, a PE ratio of 37.98, a P/E/G ratio of 2.31 and a beta of 1.35.
Marriott International (NASDAQ:MAR) last posted its quarterly earnings results on Tuesday, November 7th. The company reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.12. Marriott International had a return on equity of 31.58% and a net margin of 6.30%. The business had revenue of $5.66 billion during the quarter, compared to analysts’ expectations of $5.22 billion. During the same quarter last year, the company posted $0.91 earnings per share. Marriott International’s quarterly revenue was up 43.7% on a year-over-year basis. sell-side analysts anticipate that Marriott International will post 4.24 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Wednesday, November 22nd were given a dividend of $0.33 per share. The ex-dividend date was Tuesday, November 21st. This represents a $1.32 annualized dividend and a yield of 0.94%. Marriott International’s dividend payout ratio (DPR) is presently 35.87%.
Marriott International announced that its Board of Directors has initiated a stock buyback program on Thursday, November 9th that authorizes the company to buyback 30,000,000 shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s leadership believes its stock is undervalued.
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.
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