Marriott International (NASDAQ:MAR) was downgraded by Zacks Investment Research from a “buy” rating to a “sell” rating in a report released on Tuesday.

According to Zacks, “Marriott has significant international presence and is therefore highly vulnerable to fluctuations in exchange rates. Notably, the company has been witnessing fewer international guests at its U.S. hotels, owing to the stronger dollar. Moreover, lingering political uncertainty in key international markets might continue to restrict its revenue growth. However, Marriot’s earnings have beaten the Zacks Consensus Estimate consistently over the past 12 quarters. Estimates have been stable lately ahead of its second-quarter earnings release. Further, given a strong transient demand along with an improvement in business and leisure travel, Marriott is well-poised to grow in the near as well as long term. Yet, concerns related to RevPAR growth remains a cause of concern. Also, the company may fail to realize the anticipated synergies and benefits if it fails to integrate Starwood acquisition in an efficient and effective manner.”

A number of other research firms have also recently commented on MAR. J P Morgan Chase & Co reissued an “overweight” rating and issued a $111.00 target price on shares of Marriott International in a report on Friday, May 12th. Goldman Sachs Group, Inc. (The) cut shares of Marriott International from a “conviction-buy” rating to a “buy” rating and set a $105.00 target price for the company. in a report on Tuesday, April 11th. Barclays PLC reissued a “hold” rating and issued a $105.00 target price on shares of Marriott International in a report on Friday, May 12th. Evercore ISI increased their target price on shares of Marriott International from $86.00 to $90.00 and gave the stock an “underperform” rating in a report on Thursday, March 23rd. Finally, Stifel Nicolaus increased their target price on shares of Marriott International from $84.00 to $87.00 and gave the stock a “hold” rating in a report on Wednesday, March 22nd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $97.97.

Shares of Marriott International (NASDAQ MAR) traded up 0.02% during midday trading on Tuesday, hitting $100.73. 881,489 shares of the company were exchanged. The company has a 50-day moving average of $104.49 and a 200 day moving average of $92.52. Marriott International has a one year low of $65.91 and a one year high of $110.51. The company has a market capitalization of $38.17 billion, a P/E ratio of 35.68 and a beta of 1.35.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings data on Monday, May 8th. The company reported $1.01 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.90 by $0.11. Marriott International had a net margin of 4.91% and a return on equity of 38.10%. The business had revenue of $5.56 billion during the quarter, compared to analysts’ expectations of $5.28 billion. During the same quarter in the prior year, the business posted $0.87 earnings per share. Marriott International’s revenue was up 47.4% compared to the same quarter last year. On average, equities research analysts expect that Marriott International will post $4.04 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, June 30th. Shareholders of record on Friday, May 19th were given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date of this dividend was Wednesday, May 17th. This is an increase from Marriott International’s previous quarterly dividend of $0.30. Marriott International’s dividend payout ratio is currently 47.48%.

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In other news, insider Argiris Kyriakidis sold 3,800 shares of the firm’s stock in a transaction that occurred on Thursday, May 11th. The shares were sold at an average price of $102.94, for a total transaction of $391,172.00. Following the completion of the sale, the insider now owns 19,079 shares of the company’s stock, valued at approximately $1,963,992.26. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Mary K. Bush sold 1,200 shares of the firm’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $111,079.89. The disclosure for this sale can be found here. Insiders have sold a total of 55,117 shares of company stock valued at $5,685,295 in the last three months. Insiders own 17.07% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Gradient Investments LLC increased its stake in shares of Marriott International by 0.4% in the first quarter. Gradient Investments LLC now owns 2,005 shares of the company’s stock valued at $189,000 after buying an additional 7 shares during the period. Geneva Advisors LLC increased its stake in shares of Marriott International by 1.3% in the first quarter. Geneva Advisors LLC now owns 2,893 shares of the company’s stock valued at $272,000 after buying an additional 38 shares during the period. Dumont & Blake Investment Advisors LLC increased its stake in shares of Marriott International by 0.5% in the first quarter. Dumont & Blake Investment Advisors LLC now owns 8,741 shares of the company’s stock valued at $823,000 after buying an additional 45 shares during the period. First Midwest Bank Trust Division increased its stake in shares of Marriott International by 1.5% in the first quarter. First Midwest Bank Trust Division now owns 3,360 shares of the company’s stock valued at $316,000 after buying an additional 50 shares during the period. Finally, First Bank & Trust increased its stake in shares of Marriott International by 3.6% in the first quarter. First Bank & Trust now owns 1,681 shares of the company’s stock valued at $158,000 after buying an additional 59 shares during the period. 66.97% of the stock is owned by institutional investors.

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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Analyst Recommendations for Marriott International (NASDAQ:MAR)

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