Marriott International (MAR) Given a $103.00 Price Target at Robert W. Baird

Robert W. Baird set a $103.00 price objective on Marriott International (NASDAQ:MAR) in a report published on Tuesday. The firm currently has a hold rating on the stock.

Several other brokerages have also recently commented on MAR. Zacks Investment Research upgraded Marriott International from a sell rating to a hold rating in a report on Wednesday, August 9th. BidaskClub upgraded Marriott International from a buy rating to a strong-buy rating in a report on Thursday, October 12th. UBS AG reiterated a neutral rating and issued a $101.00 target price (up from $98.00) on shares of Marriott International in a report on Monday, August 14th. Wolfe Research upgraded Marriott International from a market perform rating to an outperform rating in a report on Wednesday, August 30th. Finally, Stifel Nicolaus reissued a hold rating and issued a $98.00 price target on shares of Marriott International in a research note on Thursday, October 12th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average target price of $99.68.

Shares of Marriott International (MAR) traded up 0.98% during mid-day trading on Tuesday, hitting $116.17. 603,201 shares of the company were exchanged. The firm has a 50 day moving average of $107.45 and a 200 day moving average of $102.24. Marriott International has a 12-month low of $65.91 and a 12-month high of $116.19. The company has a market capitalization of $43.26 billion, a price-to-earnings ratio of 38.13 and a beta of 1.36.

Marriott International (NASDAQ:MAR) last announced its earnings results on Monday, August 7th. The company reported $1.13 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.02 by $0.11. Marriott International had a return on equity of 26.26% and a net margin of 5.27%. The business had revenue of $5.80 billion for the quarter, compared to analysts’ expectations of $5.73 billion. During the same period in the prior year, the business posted $1.03 earnings per share. The firm’s revenue was up 48.5% on a year-over-year basis. Equities research analysts forecast that Marriott International will post $4.14 earnings per share for the current year.

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The business also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Thursday, August 24th were issued a dividend of $0.33 per share. The ex-dividend date was Tuesday, August 22nd. This represents a $1.32 annualized dividend and a yield of 1.15%. Marriott International’s dividend payout ratio (DPR) is currently 45.52%.

In related news, EVP Anthony Capuano sold 13,736 shares of the company’s stock in a transaction on Thursday, September 21st. The stock was sold at an average price of $107.78, for a total transaction of $1,480,466.08. Following the completion of the sale, the executive vice president now owns 42,669 shares in the company, valued at $4,598,864.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider B. Marriott Marital Tr Juliana sold 30,000 shares of the company’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $99.84, for a total value of $2,995,200.00. Following the sale, the insider now owns 493,896 shares of the company’s stock, valued at approximately $49,310,576.64. The disclosure for this sale can be found here. Insiders have sold 110,727 shares of company stock valued at $11,339,600 in the last quarter. 11.32% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in MAR. Advisory Services Network LLC grew its holdings in Marriott International by 1,490.1% during the second quarter. Advisory Services Network LLC now owns 1,129 shares of the company’s stock worth $113,000 after buying an additional 1,058 shares in the last quarter. Oppenheimer Asset Management Inc. bought a new stake in Marriott International during the first quarter worth $115,000. Baker Ellis Asset Management LLC bought a new stake in Marriott International during the second quarter worth $133,000. North Star Investment Management Corp. grew its holdings in Marriott International by 3.3% during the second quarter. North Star Investment Management Corp. now owns 1,583 shares of the company’s stock worth $159,000 after buying an additional 50 shares in the last quarter. Finally, Regal Wealth Group Inc. grew its holdings in Marriott International by 0.3% during the second quarter. Regal Wealth Group Inc. now owns 1,637 shares of the company’s stock worth $164,000 after buying an additional 5 shares in the last quarter. Institutional

Several other brokerages have also recently commented on MAR. Zacks Investment Research upgraded Marriott International from a sell rating to a hold rating in a report on Wednesday, August 9th. BidaskClub upgraded Marriott International from a buy rating to a strong-buy rating in a report on Thursday, October 12th. UBS AG reiterated a neutral rating and issued a $101.00 target price (up from $98.00) on shares of Marriott International in a report on Monday, August 14th. Wolfe Research upgraded Marriott International from a market perform rating to an outperform rating in a report on Wednesday, August 30th. Finally, Stifel Nicolaus reissued a hold rating and issued a $98.00 price target on shares of Marriott International in a research note on Thursday, October 12th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average target price of $99.68.

Shares of Marriott International (MAR) traded up 0.98% during mid-day trading on Tuesday, hitting $116.17. 603,201 shares of the company were exchanged. The firm has a 50 day moving average of $107.45 and a 200 day moving average of $102.24. Marriott International has a 12-month low of $65.91 and a 12-month high of $116.19. The company has a market capitalization of $43.26 billion, a price-to-earnings ratio of 38.13 and a beta of 1.36.

Marriott International (NASDAQ:MAR) last announced its earnings results on Monday, August 7th. The company reported $1.13 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.02 by $0.11. Marriott International had a return on equity of 26.26% and a net margin of 5.27%. The business had revenue of $5.80 billion for the quarter, compared to analysts’ expectations of $5.73 billion. During the same period in the prior year, the business posted $1.03 earnings per share. The firm’s revenue was up 48.5% on a year-over-year basis. Equities research analysts forecast that Marriott International will post $4.14 earnings per share for the current year.

ILLEGAL ACTIVITY NOTICE: This story was first published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this story on another website, it was stolen and reposted in violation of US and international copyright and trademark legislation. The legal version of this story can be read at https://ledgergazette.com/2017/10/18/marriott-international-mar-given-a-103-00-price-target-at-robert-w-baird.html.

The business also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Thursday, August 24th were issued a dividend of $0.33 per share. The ex-dividend date was Tuesday, August 22nd. This represents a $1.32 annualized dividend and a yield of 1.15%. Marriott International’s dividend payout ratio (DPR) is currently 45.52%.

In related news, EVP Anthony Capuano sold 13,736 shares of the company’s stock in a transaction on Thursday, September 21st. The stock was sold at an average price of $107.78, for a total transaction of $1,480,466.08. Following the completion of the sale, the executive vice president now owns 42,669 shares in the company, valued at $4,598,864.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider B. Marriott Marital Tr Juliana sold 30,000 shares of the company’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $99.84, for a total value of $2,995,200.00. Following the sale, the insider now owns 493,896 shares of the company’s stock, valued at approximately $49,310,576.64. The disclosure for this sale can be found here. Insiders have sold 110,727 shares of company stock valued at $11,339,600 in the last quarter. 11.32% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in MAR. Advisory Services Network LLC grew its holdings in Marriott International by 1,490.1% during the second quarter. Advisory Services Network LLC now owns 1,129 shares of the company’s stock worth $113,000 after buying an additional 1,058 shares in the last quarter. Oppenheimer Asset Management Inc. bought a new stake in Marriott International during the first quarter worth $115,000. Baker Ellis Asset Management LLC bought a new stake in Marriott International during the second quarter worth $133,000. North Star Investment Management Corp. grew its holdings in Marriott International by 3.3% during the second quarter. North Star Investment Management Corp. now owns 1,583 shares of the company’s stock worth $159,000 after buying an additional 50 shares in the last quarter. Finally, Regal Wealth Group Inc. grew its holdings in Marriott International by 0.3% during the second quarter. Regal Wealth Group Inc. now owns 1,637 shares of the company’s stock worth $164,000 after buying an additional 5 shares in the last quarter. Institutional investors and hedge funds own 65.85% of the company’s stock.

About Marriott International

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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