Short Interest in Marriott International (MAR) Increases By 17.4%
Marriott International (NASDAQ:MAR) saw a significant growth in short interest in the month of September. As of September 29th, there was short interest totalling 14,930,044 shares, a growth of 17.4% from the September 15th total of 12,719,014 shares. Currently, 4.8% of the company’s shares are short sold. Based on an average daily trading volume, of 2,651,171 shares, the days-to-cover ratio is currently 5.6 days.
In other Marriott International news, insider B. Marriott Marital Tr Juliana sold 30,000 shares of the company’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $99.84, for a total value of $2,995,200.00. Following the sale, the insider now owns 493,896 shares in the company, valued at $49,310,576.64. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Anthony Capuano sold 13,736 shares of the company’s stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $107.78, for a total transaction of $1,480,466.08. Following the completion of the sale, the executive vice president now owns 42,669 shares in the company, valued at approximately $4,598,864.82. The disclosure for this sale can be found here. Insiders have sold 110,727 shares of company stock worth $11,339,600 in the last quarter. 11.32% of the stock is owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in MAR. BlackRock Inc. grew its position in Marriott International by 2,076.2% during the 1st quarter. BlackRock Inc. now owns 18,978,323 shares of the company’s stock worth $1,787,379,000 after purchasing an additional 18,106,240 shares during the last quarter. FMR LLC grew its position in Marriott International by 112.2% during the 1st quarter. FMR LLC now owns 11,625,543 shares of the company’s stock worth $1,094,894,000 after purchasing an additional 6,147,789 shares during the last quarter. Capital Research Global Investors grew its position in Marriott International by 7.2% during the 2nd quarter. Capital Research Global Investors now owns 12,763,000 shares of the company’s stock worth $1,280,257,000 after purchasing an additional 862,710 shares during the last quarter. Janus Henderson Group PLC grew its position in Marriott International by 1,881.3% during the 2nd quarter. Janus Henderson Group PLC now owns 887,490 shares of the company’s stock worth $89,025,000 after purchasing an additional 842,696 shares during the last quarter. Finally, TIAA CREF Investment Management LLC grew its position in Marriott International by 35.5% during the 1st quarter. TIAA CREF Investment Management LLC now owns 2,627,606 shares of the company’s stock worth $247,468,000 after purchasing an additional 689,051 shares during the last quarter. 65.88% of the stock is currently owned by institutional investors.
MAR has been the topic of a number of recent research reports. Berenberg Bank restated a “buy” rating and issued a $125.00 price objective on shares of Marriott International in a report on Friday, August 18th. BidaskClub cut shares of Marriott International from a “strong-buy” rating to a “buy” rating in a report on Monday, August 14th. Zacks Investment Research upgraded shares of Marriott International from a “sell” rating to a “hold” rating in a report on Wednesday, August 9th. Robert W. Baird restated a “hold” rating and issued a $103.00 price objective on shares of Marriott International in a report on Sunday, September 17th. Finally, Stifel Nicolaus upped 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. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and eleven have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $99.68.
Marriott International (NASDAQ MAR) opened at 114.13 on Thursday. Marriott International has a 52 week low of $65.91 and a 52 week high of $114.41. The company has a market cap of $42.50 billion, a P/E ratio of 37.46 and a beta of 1.36. The stock has a 50 day moving average of $106.43 and a 200 day moving average of $101.89.
Marriott International (NASDAQ:MAR) last issued its quarterly earnings data on Monday, August 7th. The company reported $1.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.02 by $0.11. Marriott International had a net margin of 5.27% and a return on equity of 26.26%. The firm had revenue of $5.80 billion for the quarter, compared to the consensus estimate of $5.73 billion. During the same quarter in the previous year, the firm earned $1.03 EPS. The company’s quarterly revenue was up 48.5% compared to the same quarter last year. On average, analysts expect that Marriott International will post $4.14 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Thursday, August 24th were given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date of this dividend was Tuesday, August 22nd. Marriott International’s payout ratio is currently 45.52%.
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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