Deutsche Bank restated their hold rating on shares of Marriott International (NASDAQ:MAR) in a report released on Wednesday. The firm currently has a $124.00 target price on the stock.

MAR has been the subject of a number of other research reports. Wolfe Research upgraded Marriott International from a market perform rating to an outperform rating in a research note on Wednesday, August 30th. SunTrust Banks increased their price target on Marriott International to $108.00 and gave the stock a hold rating in a research note on Thursday, November 9th. BidaskClub upgraded Marriott International from a buy rating to a strong-buy rating in a research note on Thursday, October 12th. Berenberg Bank reiterated a buy rating and issued a $125.00 price target on shares of Marriott International in a research note on Friday, August 18th. Finally, Robert W. Baird increased their price target on Marriott International from $111.00 to $115.00 and gave the stock a neutral rating in a research note on Friday, November 10th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the company. The company has an average rating of Buy and an average price target of $110.86.

Shares of Marriott International (NASDAQ:MAR) opened at $129.32 on Wednesday. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 1.83. The company has a market capitalization of $46,611.72, a price-to-earnings ratio of 31.26, a PEG ratio of 3.20 and a beta of 1.35. Marriott International has a 12 month low of $81.04 and a 12 month high of $129.99.

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

Marriott International declared that its board has approved a stock repurchase plan on Thursday, November 9th that authorizes the company to buyback 30,000,000 shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its shares are undervalued.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Wednesday, November 22nd will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 1.02%. The ex-dividend date is Tuesday, November 21st. Marriott International’s dividend payout ratio (DPR) is presently 35.87%.

In related news, EVP Anthony Capuano sold 13,736 shares of the stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of $107.78, for a total value of $1,480,466.08. Following the completion of the transaction, the executive vice president now owns 42,669 shares of the company’s stock, valued at approximately $4,598,864.82. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Argiris Kyriakidis sold 3,000 shares of the stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of $107.84, for a total transaction of $323,520.00. Following the completion of the transaction, the insider now directly owns 16,079 shares of the company’s stock, valued at approximately $1,733,959.36. The disclosure for this sale can be found here. Insiders have sold a total of 190,206 shares of company stock valued at $22,611,140 in the last three months. Insiders own 11.32% of the company’s stock.

Several large investors have recently made changes to their positions in MAR. Advisory Services Network LLC raised its position in Marriott International by 1,490.1% in the 2nd quarter. Advisory Services Network LLC now owns 1,129 shares of the company’s stock worth $113,000 after purchasing an additional 1,058 shares during the period. First Quadrant L P CA purchased a new stake in Marriott International in the 3rd quarter worth about $136,000. Grove Bank & Trust raised its position in Marriott International by 214.8% in the 3rd quarter. Grove Bank & Trust now owns 1,231 shares of the company’s stock worth $136,000 after purchasing an additional 840 shares during the period. Carroll Financial Associates Inc. raised its position in Marriott International by 175.6% in the 3rd quarter. Carroll Financial Associates Inc. now owns 1,323 shares of the company’s stock worth $147,000 after purchasing an additional 843 shares during the period. Finally, Oppenheimer Asset Management Inc. raised its position in Marriott International by 28.1% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 1,572 shares of the company’s stock worth $158,000 after purchasing an additional 345 shares during the period. 66.83% of the stock is owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Marriott International (NASDAQ:MAR)

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