Marriott International Inc (MAR) Given Average Rating of “Buy” by Brokerages
Shares of Marriott International Inc (NASDAQ:MAR) have been assigned a consensus rating of “Buy” from the twenty-two ratings firms that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $110.91.
A number of analysts have recently issued reports on the company. Morgan Stanley lifted their target price on Marriott International from $110.00 to $112.00 and gave the stock an “overweight” rating in a research report on Thursday, November 9th. BidaskClub raised Marriott International from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 22nd. Stifel Nicolaus reaffirmed a “hold” rating and set a $115.00 target price (up from $98.00) on shares of Marriott International in a research report on Wednesday, November 8th. Barclays lifted their target price on Marriott International from $105.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 28th. Finally, Zacks Investment Research raised Marriott International from a “hold” rating to a “buy” rating and set a $130.00 target price on the stock in a research report on Thursday, October 26th.
Shares of Marriott International (MAR) opened at $129.82 on Friday. Marriott International has a 52-week low of $81.04 and a 52-week high of $129.99. The stock has a market capitalization of $46,837.76, a PE ratio of 31.41, a PEG ratio of 3.21 and a beta of 1.35. The company has a debt-to-equity ratio of 1.83, a quick ratio of 0.52 and a current ratio of 0.52.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Wednesday, November 22nd will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 1.02%. The ex-dividend date is Tuesday, November 21st. Marriott International’s dividend payout ratio is currently 35.87%.
Marriott International announced that its Board of Directors has authorized a stock buyback plan on Thursday, November 9th that permits the company to repurchase 30,000,000 shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.
In other Marriott International news, Director Bruce W. Duncan sold 1,808 shares of Marriott International stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $129.70, for a total value of $234,497.60. Following the completion of the transaction, the director now directly owns 40,008 shares in the company, valued at $5,189,037.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Eric Hippeau sold 4,863 shares of Marriott International stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $125.98, for a total value of $612,640.74. Following the completion of the transaction, the director now owns 34,245 shares of the company’s stock, valued at $4,314,185.10. The disclosure for this sale can be found here. Over the last three months, insiders sold 205,771 shares of company stock valued at $24,623,025. 11.32% of the stock is owned by corporate insiders.
A number of hedge funds have recently modified their holdings of MAR. Advisory Services Network LLC boosted its stake in Marriott International by 1,490.1% in the second quarter. Advisory Services Network LLC now owns 1,129 shares of the company’s stock valued at $113,000 after acquiring an additional 1,058 shares during the period. First Quadrant L P CA acquired a new position in Marriott International in the third quarter valued at approximately $136,000. Grove Bank & Trust boosted its stake in Marriott International by 214.8% in the third quarter. Grove Bank & Trust now owns 1,231 shares of the company’s stock valued at $136,000 after acquiring an additional 840 shares during the period. Carroll Financial Associates Inc. boosted its position in shares of Marriott International by 175.6% during the third quarter. Carroll Financial Associates Inc. now owns 1,323 shares of the company’s stock worth $147,000 after buying an additional 843 shares during the period. Finally, Oppenheimer Asset Management Inc. boosted its position in shares of Marriott International by 28.1% during the second quarter. Oppenheimer Asset Management Inc. now owns 1,572 shares of the company’s stock worth $158,000 after buying an additional 345 shares during the period. Institutional investors own 66.83% of the company’s stock.
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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