Marriott International (MAR) Given Average Recommendation of “Buy” by Brokerages
Marriott International (NASDAQ:MAR) has earned a consensus rating of “Buy” from the twenty-one research firms that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation, eleven have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $101.36.
A number of research analysts have recently issued reports on MAR shares. BidaskClub downgraded Marriott International from a “buy” rating to a “hold” rating in a research note on Wednesday, July 5th. Zacks Investment Research downgraded Marriott International from a “buy” rating to a “sell” rating in a research note on Tuesday, July 11th. Stifel Nicolaus upped their price target on Marriott International from $95.00 to $98.00 and gave the stock a “hold” rating in a research note on Tuesday, August 8th. Robert W. Baird upped their price target on Marriott International from $101.00 to $103.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 8th. Finally, J P Morgan Chase & Co reaffirmed an “overweight” rating and set a $113.00 price target (up from $111.00) on shares of Marriott International in a research note on Wednesday, August 9th.
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In other news, EVP Anthony Capuano sold 13,736 shares of the company’s stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $107.78, for a total value of $1,480,466.08. Following the completion of the transaction, the executive vice president now directly owns 42,669 shares of the company’s stock, valued at $4,598,864.82. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Edward A. Ryan sold 6,000 shares of the company’s stock in a transaction that occurred on Friday, September 22nd. The shares were sold at an average price of $108.00, for a total value of $648,000.00. Following the completion of the transaction, the executive vice president now directly owns 74,406 shares of the company’s stock, valued at $8,035,848. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 110,727 shares of company stock valued at $11,339,600. 11.32% of the stock is currently owned by corporate insiders.
Several hedge funds have recently added to or reduced their stakes in the company. Regal Wealth Group Inc. grew its holdings in shares of Marriott International by 0.3% in the second quarter. Regal Wealth Group Inc. now owns 1,637 shares of the company’s stock valued at $164,000 after acquiring an additional 5 shares in the last quarter. Gradient Investments LLC grew its holdings in shares of Marriott International by 0.3% in the second quarter. Gradient Investments LLC now owns 2,011 shares of the company’s stock valued at $202,000 after acquiring an additional 6 shares in the last quarter. Family Firm Inc. grew its holdings in shares of Marriott International by 0.3% in the second quarter. Family Firm Inc. now owns 2,931 shares of the company’s stock valued at $294,000 after acquiring an additional 8 shares in the last quarter. Alexandria Capital LLC grew its holdings in shares of Marriott International by 0.7% in the second quarter. Alexandria Capital LLC now owns 1,644 shares of the company’s stock valued at $165,000 after acquiring an additional 12 shares in the last quarter. Finally, First Bank & Trust grew its holdings in shares of Marriott International by 1.2% in the second quarter. First Bank & Trust now owns 1,701 shares of the company’s stock valued at $171,000 after acquiring an additional 20 shares in the last quarter. 65.91% of the stock is owned by institutional investors.
Shares of Marriott International (NASDAQ MAR) opened at 118.81 on Friday. The firm has a market cap of $44.25 billion, a price-to-earnings ratio of 38.99 and a beta of 1.36. Marriott International has a 52-week low of $66.21 and a 52-week high of $119.36. The stock’s 50 day moving average price is $110.09 and its 200-day moving average price is $103.49.
Marriott International (NASDAQ:MAR) last announced its quarterly earnings data on Monday, August 7th. The company reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.11. The company had revenue of $5.80 billion for the quarter, compared to the consensus estimate of $5.73 billion. Marriott International had a return on equity of 26.26% and a net margin of 5.27%. The firm’s revenue was up 48.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.03 EPS. On average, analysts forecast that Marriott International will post $4.15 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Thursday, August 24th were issued a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 1.11%. The ex-dividend date of this dividend was Tuesday, August 22nd. Marriott International’s dividend payout ratio is presently 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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