Marriott International (MAR) Earns Hold Rating from Robert W. Baird
Marriott International (NASDAQ:MAR)‘s stock had its “hold” rating reissued by equities research analysts at Robert W. Baird in a research note issued on Sunday. They presently have a $103.00 price target on the stock. Robert W. Baird’s target price points to a potential downside of 2.27% from the stock’s previous close.
A number of other equities research analysts have also weighed in on MAR. Zacks Investment Research lowered shares of Marriott International from a “buy” rating to a “hold” rating in a report on Monday, May 29th. Royal Bank Of Canada restated an “outperform” rating and issued a $109.00 price objective (up from $92.00) on shares of Marriott International in a report on Monday, June 12th. BidaskClub lowered shares of Marriott International from a “buy” rating to a “hold” rating in a report on Wednesday, July 5th. Stifel Nicolaus boosted their price objective on shares of Marriott International from $95.00 to $98.00 and gave the stock a “hold” rating in a report on Tuesday, August 8th. Finally, J P Morgan Chase & Co restated an “overweight” rating and issued a $113.00 price objective (up from $111.00) on shares of Marriott International in a report on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and eleven have given a buy rating to the stock. Marriott International currently has an average rating of “Hold” and a consensus price target of $100.81.
Marriott International (NASDAQ MAR) opened at 105.39 on Friday. The stock’s 50 day moving average is $102.39 and its 200 day moving average is $99.03. Marriott International has a 1-year low of $65.91 and a 1-year high of $110.51. The company has a market cap of $39.25 billion, a P/E ratio of 34.59 and a beta of 1.36.
Marriott International (NASDAQ:MAR) last announced its quarterly earnings data on Monday, August 7th. The company reported $1.13 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.02 by $0.11. The firm had revenue of $5.80 billion during the quarter, compared to analyst estimates of $5.73 billion. Marriott International had a net margin of 5.27% and a return on equity of 26.26%. The business’s quarterly revenue was up 48.5% on a year-over-year basis. During the same period in the previous year, the business posted $1.03 EPS. Equities analysts anticipate that Marriott International will post $4.13 earnings per share for the current fiscal year.
In other news, Director Mary K. Bush sold 1,200 shares of the company’s stock in a transaction dated Friday, June 30th. The shares were sold at an average price of $100.89, for a total value 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider B. Marriott Marital Tr Juliana sold 30,000 shares of the company’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $99.84, for a total transaction of $2,995,200.00. Following the completion of the sale, the insider now directly owns 493,896 shares in the company, valued at $49,310,576.64. The disclosure for this sale can be found here. Insiders sold a total of 94,191 shares of company stock valued at $9,512,282 over the last 90 days. Company insiders own 11.32% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the company. Regal Wealth Group Inc. grew its position in shares of Marriott International by 0.3% in the 2nd quarter. Regal Wealth Group Inc. now owns 1,637 shares of the company’s stock worth $164,000 after buying an additional 5 shares during the period. Gradient Investments LLC grew its position in shares of Marriott International by 0.3% in the 2nd quarter. Gradient Investments LLC now owns 2,011 shares of the company’s stock worth $202,000 after buying an additional 6 shares during the period. Family Firm Inc. grew its position in shares of Marriott International by 0.3% in the 2nd quarter. Family Firm Inc. now owns 2,931 shares of the company’s stock worth $294,000 after buying an additional 8 shares during the period. Alexandria Capital LLC grew its position in shares of Marriott International by 0.7% in the 2nd quarter. Alexandria Capital LLC now owns 1,644 shares of the company’s stock worth $165,000 after buying an additional 12 shares during the period. Finally, First Bank & Trust grew its position in shares of Marriott International by 1.2% in the 2nd quarter. First Bank & Trust now owns 1,701 shares of the company’s stock worth $171,000 after buying an additional 20 shares during the period. 65.93% of the stock is currently owned by hedge funds and other institutional investors.
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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