Marriott International Inc (MAR) Given Consensus Rating of “Buy” by Analysts
Marriott International Inc (NASDAQ:MAR) has been given an average rating of “Buy” by the twenty-one research firms that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation, ten have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $112.90.
A number of equities analysts have recently issued reports on MAR shares. Deutsche Bank reiterated a “hold” rating and issued a $124.00 price objective on shares of Marriott International in a report on Wednesday, December 6th. SunTrust Banks upped their price objective on Marriott International to $108.00 and gave the stock a “hold” rating in a report on Thursday, November 9th. BidaskClub upgraded Marriott International from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 12th. Robert W. Baird upped their price objective on Marriott International from $111.00 to $115.00 and gave the stock a “neutral” rating in a report on Friday, November 10th. Finally, Sanford C. Bernstein cut Marriott International from an “outperform” rating to a “market perform” rating in a report on Thursday, November 16th.
Marriott International (MAR) opened at $137.71 on Wednesday. Marriott International has a 52-week low of $81.04 and a 52-week high of $138.30. 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 has a market capitalization of $50,210.00, a PE ratio of 37.42, a P/E/G ratio of 2.98 and a beta of 1.35.
The business also recently announced a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Wednesday, November 22nd were paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date of this dividend was Tuesday, November 21st. Marriott International’s dividend payout ratio (DPR) is presently 35.87%.
Marriott International declared that its board has approved a share repurchase plan on Thursday, November 9th that allows the company to buyback 30,000,000 shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s board of directors believes its stock is undervalued.
In other news, EVP Anthony Capuano sold 19,510 shares of the stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $133.51, for a total value of $2,604,780.10. Following the completion of the transaction, the executive vice president now owns 23,159 shares of the company’s stock, valued at approximately $3,091,958.09. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Craig S. Smith sold 5,840 shares of the stock in a transaction that occurred on Friday, December 28th. The stock was sold at an average price of $136.26, for a total value of $795,758.40. Following the completion of the transaction, the insider now directly owns 26,317 shares of the company’s stock, valued at approximately $3,585,954.42. The disclosure for this sale can be found here. Insiders have sold a total of 221,825 shares of company stock valued at $27,378,820 in the last ninety days. 11.32% of the stock is currently owned by corporate insiders.
Several large investors have recently made changes to their positions in MAR. Vanguard Group Inc. grew its stake in shares of Marriott International by 1.7% in the 2nd quarter. Vanguard Group Inc. now owns 19,999,062 shares of the company’s stock worth $2,006,106,000 after buying an additional 331,586 shares during the last quarter. FMR LLC grew its stake in shares of Marriott International by 32.5% in the 2nd quarter. FMR LLC now owns 15,406,182 shares of the company’s stock worth $1,545,394,000 after buying an additional 3,780,639 shares during the last quarter. Capital Research Global Investors grew its stake in shares of Marriott International by 7.2% in the 2nd quarter. Capital Research Global Investors now owns 12,763,000 shares of the company’s stock worth $1,280,257,000 after buying an additional 862,710 shares during the last quarter. Westfield Capital Management Co. LP grew its stake in shares of Marriott International by 11.1% in the 3rd quarter. Westfield Capital Management Co. LP now owns 1,681,372 shares of the company’s stock worth $185,388,000 after buying an additional 167,692 shares during the last quarter. Finally, Janus Henderson Group PLC grew its stake in shares of Marriott International by 88.6% in the 3rd quarter. Janus Henderson Group PLC now owns 1,673,540 shares of the company’s stock worth $184,524,000 after buying an additional 786,050 shares during the last quarter. 66.65% of the stock is owned by hedge funds and other institutional investors.
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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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