Marriott International (MAR) Receives Consensus Recommendation of “Buy” from Brokerages
Marriott International (NASDAQ:MAR) has received a consensus recommendation of “Buy” from the twenty-one analysts that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and twelve have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $108.59.
A number of analysts have recently issued reports on the company. Sanford C. Bernstein lowered Marriott International from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 16th. Robert W. Baird lifted their price target on Marriott International from $111.00 to $115.00 and gave the stock a “neutral” rating in a research note on Friday, November 10th. BidaskClub lowered Marriott International from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 10th. Morgan Stanley lifted their price target on Marriott International from $110.00 to $112.00 and gave the stock an “overweight” rating in a research note on Thursday, November 9th. Finally, SunTrust Banks, Inc. lifted their price target on Marriott International to $108.00 and gave the stock a “hold” rating in a research note on Thursday, November 9th.
In related news, EVP Edward A. Ryan sold 4,453 shares of the business’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $103.81, for a total value of $462,265.93. Following the sale, the executive vice president now owns 80,406 shares in the company, valued at approximately $8,346,946.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider J W. Marriott, Jr. sold 10,376 shares of the business’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $102.01, for a total value of $1,058,455.76. Following the completion of the sale, the insider now owns 229,648 shares in the company, valued at approximately $23,426,392.48. The disclosure for this sale can be found here. In the last ninety days, insiders sold 211,310 shares of company stock worth $24,263,886. Corporate insiders own 11.32% of the company’s stock.
Hedge funds have recently bought and sold shares of the stock. Advisory Services Network LLC raised its holdings in shares of Marriott International by 1,490.1% in the 2nd quarter. Advisory Services Network LLC now owns 1,129 shares of the company’s stock valued at $113,000 after buying an additional 1,058 shares during the period. Baker Ellis Asset Management LLC purchased a new stake in Marriott International during the 2nd quarter worth about $133,000. First Quadrant L P CA purchased a new stake in Marriott International during the 3rd quarter worth about $136,000. Grove Bank & Trust increased its holdings in Marriott International by 214.8% during the 3rd quarter. Grove Bank & Trust now owns 1,231 shares of the company’s stock worth $136,000 after purchasing an additional 840 shares during the period. Finally, Carroll Financial Associates Inc. increased its holdings in Marriott International by 175.6% during the 3rd quarter. Carroll Financial Associates Inc. now owns 1,323 shares of the company’s stock worth $147,000 after purchasing an additional 843 shares during the period. Hedge funds and other institutional investors own 67.30% of the company’s stock.
Shares of Marriott International (NASDAQ MAR) opened at $125.91 on Tuesday. The company has a market capitalization of $45,750.00, a P/E ratio of 30.68, a PEG ratio of 3.14 and a beta of 1.34. Marriott International has a 12-month low of $76.88 and a 12-month high of $126.24. The company has a debt-to-equity ratio of 1.83, a current ratio of 0.52 and a quick ratio of 0.52.
Marriott International (NASDAQ:MAR) last posted its quarterly earnings data on Tuesday, November 7th. The company reported $1.10 EPS for the quarter, beating the Zacks’ consensus estimate of $0.98 by $0.12. The business had revenue of $5.66 billion during the quarter, compared to analysts’ expectations of $5.22 billion. Marriott International had a return on equity of 31.58% and a net margin of 6.30%. The business’s revenue was up 43.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.91 earnings per share. sell-side analysts anticipate that Marriott International will post 4.24 EPS for the current fiscal year.
Marriott International declared that its Board of Directors has approved a stock buyback plan on Thursday, November 9th that allows the company to repurchase 30,000,000 outstanding shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its stock is undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Wednesday, November 22nd will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 1.05%. The ex-dividend date of this dividend is Tuesday, November 21st. Marriott International’s dividend payout ratio (DPR) is presently 35.87%.
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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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