Marriott International (MAR) Stock Rating Upgraded by Wolfe Research
Marriott International (NASDAQ:MAR) was upgraded by stock analysts at Wolfe Research from a “market perform” rating to an “outperform” rating in a research report issued to clients and investors on Wednesday.
Several other equities analysts have also issued reports on MAR. Canaccord Genuity reaffirmed a “buy” rating and issued a $113.00 target price (up from $100.00) on shares of Marriott International in a report on Monday, May 8th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $95.00 target price (up from $87.00) on shares of Marriott International in a report on Tuesday, May 9th. Instinet upped their target price on Marriott International from $100.00 to $121.00 and gave the company a “buy” rating in a report on Wednesday, May 10th. Barclays PLC reaffirmed a “hold” rating and issued a $105.00 target price on shares of Marriott International in a report on Friday, May 12th. Finally, J P Morgan Chase & Co reaffirmed an “overweight” rating and issued a $111.00 target price on shares of Marriott International in a report on Friday, May 12th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $100.08.
Shares of Marriott International (NASDAQ MAR) traded up 3.31% on Wednesday, hitting $103.55. The stock had a trading volume of 982,903 shares. Marriott International has a 52 week low of $65.91 and a 52 week high of $110.51. The stock’s 50-day moving average price is $101.72 and its 200 day moving average price is $97.43. The company has a market cap of $38.56 billion, a PE ratio of 33.98 and a beta of 1.36.
Marriott International (NASDAQ:MAR) last released its earnings results on Monday, August 7th. The company reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.11. The company 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% on a year-over-year basis. During the same period in the prior year, the company posted $1.03 earnings per share. On average, analysts predict that Marriott International will post $4.13 EPS for the current year.
In other news, insider B. Marriott Marital Tr Juliana sold 30,000 shares of the firm’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $99.84, for a total value of $2,995,200.00. Following the completion of the transaction, the insider now directly owns 493,896 shares of the company’s stock, valued at $49,310,576.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider David S. Marriott sold 8,400 shares of the firm’s stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $100.51, for a total value of $844,284.00. Following the completion of the transaction, the insider now directly owns 629,136 shares of the company’s stock, valued at $63,234,459.36. The disclosure for this sale can be found here. Insiders sold 56,300 shares of company stock valued at $5,653,781 over the last ninety days. Corporate insiders own 11.32% of the company’s stock.
Several institutional investors have recently bought and sold shares of the company. Achmea Investment Management B.V. bought a new position in Marriott International during the second quarter worth approximately $222,000. Sentry Investment Management LLC increased its stake in shares of Marriott International by 10.4% in the second quarter. Sentry Investment Management LLC now owns 24,907 shares of the company’s stock worth $2,498,000 after buying an additional 2,347 shares during the period. Toronto Dominion Bank increased its stake in shares of Marriott International by 24.0% in the second quarter. Toronto Dominion Bank now owns 105,440 shares of the company’s stock worth $10,575,000 after buying an additional 20,375 shares during the period. Cookson Peirce & Co. Inc. increased its stake in shares of Marriott International by 1.1% in the second quarter. Cookson Peirce & Co. Inc. now owns 194,030 shares of the company’s stock worth $19,463,000 after buying an additional 2,100 shares during the period. Finally, Cetera Investment Advisers acquired a new stake in shares of Marriott International during the second quarter worth about $259,000. 65.94% of the stock is owned by hedge funds and other 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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