Marriott International Inc. (MAR) Receives Hold Rating from Deutsche Bank AG
Several other research firms have also recently weighed in on MAR. Morgan Stanley reaffirmed an overweight rating and set a $74.00 price objective (down from $76.00) on shares of Marriott International in a research report on Tuesday, November 15th. Vetr lowered Marriott International from a buy rating to a hold rating and set a $79.18 target price on the stock. in a report on Tuesday, November 15th. Barclays PLC reiterated a hold rating and set a $80.00 target price on shares of Marriott International in a report on Thursday, November 10th. upgraded Marriott International from an underperform rating to an outperform rating in a report on Monday, August 15th. Finally, Zacks Investment Research upgraded Marriott International from a sell rating to a hold rating in a report on Monday, August 1st. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and twelve have given a buy rating to the company. The company has an average rating of Hold and a consensus price target of $76.33.
Shares of Marriott International (NASDAQ:MAR) traded up 0.43% during mid-day trading on Friday, hitting $77.17. The stock had a trading volume of 231,621 shares. The stock has a market capitalization of $30.13 billion, a P/E ratio of 27.47 and a beta of 1.23. The stock has a 50 day moving average of $69.48 and a 200-day moving average of $69.17. Marriott International has a 52 week low of $56.43 and a 52 week high of $78.18.
Marriott International (NASDAQ:MAR) last posted its quarterly earnings data on Monday, November 7th. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.03. The company earned $3.94 billion during the quarter, compared to analysts’ expectations of $4.41 billion. Marriott International had a negative return on equity of 76.10% and a net margin of 4.82%. Marriott International’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.78 earnings per share. On average, equities research analysts predict that Marriott International will post $3.57 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 30th. Shareholders of record on Thursday, November 24th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Monday, November 21st. This represents a $1.20 dividend on an annualized basis and a yield of 1.56%. Marriott International’s dividend payout ratio (DPR) is currently 42.25%.
In other Marriott International news, major shareholder Richard E. Marriott sold 71,287 shares of Marriott International stock in a transaction dated Thursday, September 22nd. The stock was sold at an average price of $70.14, for a total transaction of $5,000,070.18. Following the completion of the transaction, the insider now owns 12,223,365 shares in the company, valued at approximately $857,346,821.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Stephen Blake Marriott sold 4,500 shares of Marriott International stock in a transaction dated Thursday, November 10th. The shares were sold at an average price of $73.67, for a total value of $331,515.00. Following the transaction, the insider now owns 149,336 shares of the company’s stock, valued at approximately $11,001,583.12. The disclosure for this sale can be found here. Company insiders own 17.07% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the stock. North Star Investment Management Corp. increased its position in shares of Marriott International by 29.6% in the second quarter. North Star Investment Management Corp. now owns 1,533 shares of the company’s stock worth $102,000 after buying an additional 350 shares during the last quarter. Quadrant Capital Group LLC increased its position in shares of Marriott International by 84.4% in the third quarter. Quadrant Capital Group LLC now owns 1,835 shares of the company’s stock worth $118,000 after buying an additional 840 shares during the last quarter. Smithfield Trust Co. increased its position in shares of Marriott International by 54.3% in the second quarter. Smithfield Trust Co. now owns 1,875 shares of the company’s stock worth $125,000 after buying an additional 660 shares during the last quarter. Synovus Financial Corp increased its position in shares of Marriott International by 11.9% in the third quarter. Synovus Financial Corp now owns 1,880 shares of the company’s stock worth $126,000 after buying an additional 200 shares during the last quarter. Finally, Gradient Investments LLC increased its position in shares of 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 during the last quarter. Institutional investors and hedge funds own 80.98% of the company’s stock.
Marriott International Company Profile
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 operates through three segments: North American Full-Service, which includes brands, such as The Ritz-Carlton, EDITION, JW Marriott, Autograph Collection Hotels, Marriott Hotels, Delta Hotels and Resorts, and Renaissance Hotels located in the United States and Canada; North American Limited-Service, which includes brands, such as AC Hotels by Marriott, Courtyard, Residence Inn, SpringHill Suites, TownePlace Suites properties and Fairfield Inn & Suites located in the United States and Canada, and International, which includes brands, such as Bulgari Hotels & Resorts, Protea Hotels and Moxy Hotels located outside the United States and Canada.
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