Analysts Set Marriott International Inc. (NASDAQ:MAR) PT at $78.37
Marriott International Inc. (NASDAQ:MAR) has been given a consensus rating of “Buy” by the twenty-seven analysts that are currently covering the firm. One analyst has rated the stock with a sell recommendation, ten have given a hold recommendation, fourteen have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $78.37.
A number of equities research analysts have recently weighed in on the company. Zacks Investment Research cut Marriott International from a “hold” rating to a “sell” rating in a report on Wednesday, June 29th. Stifel Nicolaus lifted their price target on Marriott International from $65.00 to $66.00 and gave the company a “hold” rating in a report on Monday. Vetr cut Marriott International from a “buy” rating to a “hold” rating and set a $74.52 price target on the stock. in a report on Tuesday, July 26th. Morgan Stanley raised Marriott International from an “equal weight” rating to an “overweight” rating and set a $78.00 price target on the stock in a report on Monday. Finally, Goldman Sachs Group Inc. assumed coverage on Marriott International in a report on Monday. They set a “buy” rating and a $81.00 price target on the stock.
Marriott International (NASDAQ:MAR) opened at 67.10 on Tuesday. Marriott International has a 52 week low of $56.43 and a 52 week high of $79.88. The stock has a market cap of $17.07 billion, a price-to-earnings ratio of 19.99 and a beta of 1.25. The firm’s 50 day moving average price is $70.56 and its 200-day moving average price is $69.01.
Marriott International (NASDAQ:MAR) last released its quarterly earnings results on Wednesday, July 27th. The company reported $1.03 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.98 by $0.05. The company had revenue of $3.90 billion for the quarter, compared to analysts’ expectations of $3.91 billion. Marriott International had a negative return on equity of 25.25% and a net margin of 5.87%. The business’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.82 earnings per share. Analysts expect that Marriott International will post $3.63 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 23rd will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.79%. The ex-dividend date is Wednesday, September 21st. Marriott International’s dividend payout ratio is currently 35.71%.
In related news, insider Argiris Kyriakidis sold 3,000 shares of Marriott International stock in a transaction on Monday, August 1st. The shares were sold at an average price of $71.49, for a total value of $214,470.00. Following the completion of the sale, the insider now owns 21,658 shares of the company’s stock, valued at approximately $1,548,330.42. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Richard E. Marriott sold 71,287 shares of Marriott International stock in a transaction on Thursday, September 22nd. The shares were sold at an average price of $70.14, for a total transaction of $5,000,070.18. Following the completion of the sale, the insider now directly owns 12,223,365 shares of the company’s stock, valued at approximately $857,346,821.10. The disclosure for this sale can be found here. Insiders own 17.07% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the stock. North Star Investment Management Corp. raised its stake in Marriott International by 29.6% in the second quarter. North Star Investment Management Corp. now owns 1,533 shares of the company’s stock valued at $102,000 after buying an additional 350 shares during the last quarter. Smithfield Trust Co. raised its stake in Marriott International by 54.3% in the second quarter. Smithfield Trust Co. now owns 1,875 shares of the company’s stock valued at $125,000 after buying an additional 660 shares during the last quarter. Monetary Management Group Inc. purchased a new position in Marriott International during the first quarter worth $126,000. Gradient Investments LLC raised its position in Marriott International by 0.4% in the second quarter. Gradient Investments LLC now owns 1,958 shares of the company’s stock worth $130,000 after buying an additional 8 shares in the last quarter. Finally, Acrospire Investment Management LLC purchased a new position in Marriott International during the first quarter worth $142,000. 73.73% of the stock is owned by institutional investors and hedge funds.
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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