Marriott International Inc (NASDAQ:MAR) – Research analysts at SunTrust Banks cut their Q2 2019 EPS estimates for shares of Marriott International in a note issued to investors on Tuesday, May 14th. SunTrust Banks analyst P. Scholes now anticipates that the company will post earnings per share of $1.57 for the quarter, down from their prior forecast of $1.63. SunTrust Banks currently has a “Positive” rating and a $137.00 price objective on the stock. SunTrust Banks also issued estimates for Marriott International’s Q4 2019 earnings at $1.47 EPS, Q2 2020 earnings at $1.79 EPS, Q3 2020 earnings at $1.90 EPS, Q4 2020 earnings at $1.73 EPS and FY2020 earnings at $6.93 EPS.
A number of other equities analysts also recently issued reports on MAR. Wells Fargo & Co increased their price target on Marriott International from $123.00 to $141.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 24th. Morgan Stanley set a $117.00 price target on Marriott International and gave the stock a “hold” rating in a research report on Thursday, March 28th. Zacks Investment Research upgraded Marriott International from a “sell” rating to a “hold” rating in a research report on Wednesday, March 6th. BidaskClub downgraded Marriott International from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 1st. Finally, Cowen reiterated a “buy” rating and set a $150.00 price target on shares of Marriott International in a research report on Tuesday, February 26th. Ten investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Marriott International has an average rating of “Hold” and an average price target of $136.29.
Shares of MAR stock opened at $132.51 on Wednesday. The company has a market cap of $44.12 billion, a price-to-earnings ratio of 21.34, a price-to-earnings-growth ratio of 1.94 and a beta of 1.23. The company has a current ratio of 0.47, a quick ratio of 0.42 and a debt-to-equity ratio of 6.81. Marriott International has a 12-month low of $100.62 and a 12-month high of $142.19.
Marriott International (NASDAQ:MAR) last posted its earnings results on Friday, May 10th. The company reported $1.41 EPS for the quarter, topping the consensus estimate of $1.34 by $0.07. The firm had revenue of $5.01 billion for the quarter, compared to analyst estimates of $5.16 billion. Marriott International had a return on equity of 97.68% and a net margin of 8.62%. Marriott International’s revenue for the quarter was up .1% compared to the same quarter last year. During the same period last year, the company earned $1.34 earnings per share.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, May 24th will be given a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 1.45%. The ex-dividend date is Thursday, May 23rd. This is an increase from Marriott International’s previous quarterly dividend of $0.41. Marriott International’s dividend payout ratio (DPR) is 26.41%.
In other news, Director Margaret M. Mccarthy bought 2,000 shares of the firm’s stock in a transaction dated Tuesday, May 14th. The shares were acquired at an average price of $130.83 per share, for a total transaction of $261,660.00. Following the completion of the transaction, the director now directly owns 2,000 shares in the company, valued at approximately $261,660. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider William P. Brown sold 11,640 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $121.53, for a total value of $1,414,609.20. Following the completion of the transaction, the insider now owns 5,704 shares in the company, valued at approximately $693,207.12. The disclosure for this sale can be found here. In the last 90 days, insiders sold 156,940 shares of company stock worth $19,527,465. Company insiders own 12.60% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in MAR. Horizon Investments LLC acquired a new stake in shares of Marriott International in the first quarter valued at approximately $202,000. Vulcan Value Partners LLC acquired a new stake in shares of Marriott International in the first quarter valued at approximately $196,713,000. Kore Private Wealth LLC acquired a new stake in shares of Marriott International in the first quarter valued at approximately $57,000. Kiwi Wealth Investments Limited Partnership increased its holdings in shares of Marriott International by 6.9% in the first quarter. Kiwi Wealth Investments Limited Partnership now owns 50,276 shares of the company’s stock valued at $6,289,000 after purchasing an additional 3,235 shares during the last quarter. Finally, Wunderlich Capital Managemnt increased its holdings in shares of Marriott International by 0.9% in the first quarter. Wunderlich Capital Managemnt now owns 16,543 shares of the company’s stock valued at $2,069,000 after purchasing an additional 154 shares during the last quarter. Institutional investors and hedge funds own 67.36% of the company’s stock.
About Marriott International
Marriott International, Inc operates, franchises, and licenses hotel, residential, and timeshare properties worldwide. The company operates through North American Full-Service, North American Limited-Service, and Asia Pacific segments. It operates its properties under the JW Marriott, The Ritz-Carlton, Ritz-Carlton Reserve, W Hotels, The Luxury Collection, St.
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