Marriott International Inc (MAR) Plans Quarterly Dividend of $0.33

Marriott International Inc (NASDAQ:MAR) declared a quarterly dividend on Friday, February 9th, RTT News reports. Stockholders of record on Friday, February 23rd will be paid a dividend of 0.33 per share on Friday, March 30th. This represents a $1.32 annualized dividend and a dividend yield of 0.98%.

Marriott International (NASDAQ MAR) traded up $0.87 on Friday, reaching $134.75. The company’s stock had a trading volume of 954,434 shares, compared to its average volume of 2,241,130. The firm has a market capitalization of $50,910.13, a P/E ratio of 36.76, a price-to-earnings-growth ratio of 2.27 and a beta of 1.35. 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 has a 12-month low of $85.63 and a 12-month high of $149.21.

Marriott International (NASDAQ:MAR) last released its earnings results on Tuesday, November 7th. The company reported $1.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.12. Marriott International had a return on equity of 31.58% and a net margin of 6.30%. The firm had revenue of $5.66 billion during the quarter, compared to the consensus estimate of $5.22 billion. During the same period in the prior year, the firm posted $0.91 earnings per share. The firm’s revenue for the quarter was up 43.7% compared to the same quarter last year. research analysts predict that Marriott International will post 4.24 earnings per share for the current fiscal year.

Marriott International announced that its Board of Directors has initiated a stock repurchase plan on Thursday, November 9th that permits the company to buyback 30,000,000 outstanding shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

Several analysts have issued reports on the stock. Morgan Stanley boosted their target price on shares of Marriott International from $110.00 to $112.00 and gave the company an “overweight” rating in a research note on Thursday, November 9th. Royal Bank of Canada upped their price target on shares of Marriott International to $159.00 and gave the stock an “outperform” rating in a research note on Monday, January 29th. BidaskClub downgraded shares of Marriott International from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 10th. Barclays increased their target price on shares of 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, Stifel Nicolaus reissued 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. One analyst has rated the stock with a sell rating, nine have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $117.21.

In other news, EVP Anthony Capuano sold 19,510 shares of the company’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $133.51, for a total transaction of $2,604,780.10. Following the completion of the sale, 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 legal filing with the SEC, which is accessible through this hyperlink. Also, insider Craig S. Smith sold 5,840 shares of the company’s stock in a transaction that occurred on Thursday, December 28th. The stock was sold at an average price of $136.26, for a total transaction of $795,758.40. Following the sale, 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 sold a total of 91,825 shares of company stock valued at $11,886,720 in the last three months. Insiders own 11.32% of the company’s stock.

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About Marriott International

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.

Dividend History for Marriott International (NASDAQ:MAR)

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