Marriott International (MAR) Downgraded to Buy at BidaskClub
BidaskClub downgraded shares of Marriott International (NASDAQ:MAR) from a strong-buy rating to a buy rating in a research note published on Thursday.
Several other research firms also recently weighed in on MAR. Robert W. Baird lifted their target price on shares of Marriott International from $101.00 to $103.00 and gave the company a neutral rating in a report on Tuesday, August 8th. Stifel Nicolaus lifted their target price on shares of Marriott International from $95.00 to $98.00 and gave the company a hold rating in a report on Tuesday, August 8th. Zacks Investment Research upgraded shares of Marriott International from a sell rating to a hold rating in a report on Wednesday, August 9th. Royal Bank Of Canada reiterated an outperform rating and issued a $109.00 target price (up previously from $92.00) on shares of Marriott International in a report on Monday, June 12th. Finally, J P Morgan Chase & Co reiterated an overweight rating and issued a $113.00 target price (up previously from $111.00) on shares of Marriott International in a report on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eleven have assigned a buy rating to the stock. Marriott International presently has a consensus rating of Hold and a consensus price target of $99.68.
Shares of Marriott International (NASDAQ:MAR) traded up 0.44% on Thursday, reaching $111.76. The company had a trading volume of 1,872,486 shares. The company’s 50 day moving average price is $104.83 and its 200-day moving average price is $101.19. The stock has a market capitalization of $41.62 billion, a P/E ratio of 36.68 and a beta of 1.36. Marriott International has a 1-year low of $65.91 and a 1-year high of $111.77.
Marriott International (NASDAQ:MAR) last posted its earnings results on Monday, August 7th. The company reported $1.13 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.02 by $0.11. Marriott International had a net margin of 5.27% and a return on equity of 26.26%. The firm had revenue of $5.80 billion during the quarter, compared to the consensus estimate of $5.73 billion. During the same quarter last year, the firm earned $1.03 EPS. The firm’s revenue for the quarter was up 48.5% on a year-over-year basis. Equities analysts predict that Marriott International will post $4.13 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Thursday, August 24th were paid a dividend of $0.33 per share. The ex-dividend date was Tuesday, August 22nd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.18%. Marriott International’s payout ratio is currently 45.52%.
In related news, EVP Edward A. Ryan sold 6,000 shares of the business’s stock in a transaction on Friday, September 22nd. The shares were sold at an average price of $108.00, for a total value of $648,000.00. Following the completion of the sale, the executive vice president now directly owns 74,406 shares of the company’s stock, valued at $8,035,848. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider B. Marriott Marital Tr Juliana sold 30,000 shares of the business’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $99.84, for a total transaction of $2,995,200.00. Following the completion of the sale, the insider now directly owns 493,896 shares of the company’s stock, valued at $49,310,576.64. The disclosure for this sale can be found here. In the last quarter, insiders have sold 110,727 shares of company stock valued at $11,339,600. Insiders own 11.32% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Advisory Services Network LLC lifted its position in Marriott International by 1,490.1% in the second quarter. Advisory Services Network LLC now owns 1,129 shares of the company’s stock valued at $113,000 after acquiring an additional 1,058 shares during the last quarter. Oppenheimer Asset Management Inc. purchased a new stake in Marriott International in the first quarter valued at $115,000. Baker Ellis Asset Management LLC purchased a new stake in Marriott International in the second quarter valued at $133,000. North Star Investment Management Corp. lifted its position in Marriott International by 3.3% in the second quarter. North Star Investment Management Corp. now owns 1,583 shares of the company’s stock valued at $159,000 after acquiring an additional 50 shares during the last quarter. Finally, Regal Wealth Group Inc. lifted its position in Marriott International by 0.3% in the second quarter. Regal Wealth Group Inc. now owns 1,637 shares of the company’s stock valued at $164,000 after acquiring an additional 5 shares during the last quarter. 65.88% of the stock is owned by hedge funds and other institutional investors.
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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