Marriott International Inc. (MAR) Stock Rating Upgraded by Morgan Stanley
Marriott International Inc. (NASDAQ:MAR) was upgraded by stock analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating in a research report issued on Monday. The brokerage presently has a $78.00 price target on the stock. Morgan Stanley’s price objective points to a potential upside of 16.33% from the stock’s current price.
A number of other research firms have also recently weighed in on MAR. Vetr cut Marriott International from a “buy” rating to a “hold” rating and set a $76.32 price target on the stock. in a research note on Monday, August 22nd. Credit Agricole SA upgraded Marriott International from an “underperform” rating to an “outperform” rating in a research report on Monday, August 15th. Zacks Investment Research upgraded Marriott International from a “sell” rating to a “hold” rating in a research report on Monday, August 1st. Sanford C. Bernstein assumed coverage on Marriott International in a research report on Thursday, September 8th. They set an “outperform” rating and a $87.00 target price on the stock. Finally, Barclays PLC set a $80.00 target price on Marriott International and gave the stock a “hold” rating in a research report on Friday, September 23rd. One analyst has rated the stock with a sell rating, ten have issued a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. Marriott International has a consensus rating of “Buy” and a consensus target price of $78.09.
Shares of Marriott International (NASDAQ:MAR) opened at 67.05 on Monday. The firm has a 50-day moving average price of $70.82 and a 200-day moving average price of $69.03. The stock has a market cap of $17.06 billion, a PE ratio of 19.98 and a beta of 1.25. Marriott International has a 12 month low of $56.43 and a 12 month high of $79.88.
Marriott International (NASDAQ:MAR) last released its earnings results on Wednesday, July 27th. The company reported $1.03 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.98 by $0.05. The firm earned $3.90 billion during the quarter, compared to analyst estimates of $3.91 billion. Marriott International had a negative return on equity of 25.25% and a net margin of 5.87%. Marriott International’s revenue was up 5.8% compared to the same quarter last year. During the same period last year, the business posted $0.82 earnings per share. Equities analysts forecast that Marriott International will post $3.63 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 23rd will be issued a $0.30 dividend. The ex-dividend date is Wednesday, September 21st. This represents a $1.20 annualized dividend and a yield of 1.79%. Marriott International’s dividend payout ratio (DPR) is presently 35.71%.
In other news, insider Argiris Kyriakidis sold 3,000 shares of the company’s stock in a transaction on Monday, August 1st. The stock was sold at an average price of $71.49, for a total transaction of $214,470.00. Following the completion of the sale, the insider now directly owns 21,658 shares in the company, valued at approximately $1,548,330.42. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Anthony Capuano sold 22,538 shares of the company’s stock in a transaction on Friday, August 19th. The stock was sold at an average price of $73.60, for a total value of $1,658,796.80. Following the sale, the executive vice president now owns 76,184 shares of the company’s stock, valued at $5,607,142.40. The disclosure for this sale can be found here. 17.07% of the stock is owned by company insiders.
Hedge funds have recently added to or reduced their stakes in the company. Vulcan Value Partners LLC purchased a new stake in Marriott International during the second quarter worth approximately $138,646,000. Capital World Investors purchased a new stake in Marriott International during the second quarter worth approximately $126,089,000. Westfield Capital Management Co. LP acquired a new stake in shares of Marriott International during the second quarter worth $108,533,000. Capital Research Global Investors boosted its stake in shares of Marriott International by 39.4% in the second quarter. Capital Research Global Investors now owns 4,329,447 shares of the company’s stock worth $287,735,000 after buying an additional 1,224,450 shares during the period. Finally, HS Management Partners LLC acquired a new stake in shares of Marriott International during the second quarter worth $76,882,000. Institutional investors and hedge funds own 73.73% of the company’s stock.
About Marriott International
Marriott International, Inc is a lodging company. The Company is an operator, franchisor and licensor of hotels and timeshare properties in approximately 90 countries and territories under over 20 brand names. It also develops, operates and markets residential properties, and provides services to home or condominium owner associations.
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