Longbow Research began coverage on shares of Marriott International (NASDAQ:MAR) in a report released on Friday, Marketbeat reports. The brokerage issued a buy rating and a $156.00 target price on the stock.
Other analysts have also issued reports about the company. ValuEngine lowered Marriott International from a buy rating to a hold rating in a report on Wednesday, August 8th. Deutsche Bank restated a hold rating and issued a $141.00 target price on shares of Marriott International in a research note on Thursday, May 10th. Zacks Investment Research upgraded Marriott International from a sell rating to a hold rating in a research note on Wednesday, August 8th. Robert W. Baird restated a hold rating and issued a $135.00 target price on shares of Marriott International in a research note on Wednesday, August 8th. Finally, BidaskClub downgraded Marriott International from a strong-buy rating to a buy rating in a research note on Friday, June 22nd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of $143.58.
Marriott International stock traded up $1.63 during midday trading on Friday, hitting $126.61. The stock had a trading volume of 2,913,971 shares, compared to its average volume of 2,038,323. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 2.95. The firm has a market cap of $43.37 billion, a P/E ratio of 29.04, a P/E/G ratio of 1.84 and a beta of 1.34. Marriott International has a 12 month low of $101.61 and a 12 month high of $149.21.
Marriott International (NASDAQ:MAR) last announced its quarterly earnings data on Monday, August 6th. The company reported $1.73 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.36 by $0.37. The firm had revenue of $5.35 billion during the quarter, compared to analyst estimates of $5.90 billion. Marriott International had a return on equity of 52.81% and a net margin of 7.31%. Marriott International’s quarterly revenue was up 2.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.13 earnings per share. equities research analysts anticipate that Marriott International will post 5.88 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Thursday, August 23rd will be paid a $0.41 dividend. The ex-dividend date is Wednesday, August 22nd. This represents a $1.64 dividend on an annualized basis and a yield of 1.30%. Marriott International’s payout ratio is currently 37.61%.
In other news, insider B. Marriott Marital Tr Juliana sold 3,206 shares of the business’s stock in a transaction that occurred on Tuesday, June 12th. The stock was sold at an average price of $140.09, for a total transaction of $449,128.54. Following the completion of the transaction, the insider now directly owns 457,996 shares in the company, valued at $64,160,659.64. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Frederick A. Henderson acquired 1,640 shares of Marriott International stock in a transaction dated Thursday, August 9th. The shares were acquired at an average price of $120.84 per share, with a total value of $198,177.60. Following the completion of the transaction, the director now owns 1,640 shares of the company’s stock, valued at approximately $198,177.60. The disclosure for this purchase can be found here. Insiders own 12.99% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. Schwab Charles Investment Management Inc. boosted its position in shares of Marriott International by 2.8% during the second quarter. Schwab Charles Investment Management Inc. now owns 1,121,792 shares of the company’s stock worth $142,019,000 after buying an additional 30,389 shares during the period. Sei Investments Co. boosted its position in shares of Marriott International by 1.1% during the second quarter. Sei Investments Co. now owns 175,576 shares of the company’s stock worth $22,228,000 after buying an additional 1,974 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in shares of Marriott International by 4.6% during the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 44,999 shares of the company’s stock worth $5,697,000 after buying an additional 1,993 shares during the period. NN Investment Partners Holdings N.V. boosted its position in shares of Marriott International by 6.2% during the second quarter. NN Investment Partners Holdings N.V. now owns 123,209 shares of the company’s stock worth $15,598,000 after buying an additional 7,209 shares during the period. Finally, FIL Ltd acquired a new position in shares of Marriott International during the first quarter worth approximately $14,141,000. Institutional investors and hedge funds own 61.78% of the company’s stock.
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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