Stifel Nicolaus reaffirmed their hold rating on shares of Marriott International (NASDAQ:MAR) in a research note released on Tuesday morning. The firm currently has a $132.00 price target on the stock.
A number of other research firms have also weighed in on MAR. BidaskClub upgraded shares of Marriott International from a buy rating to a strong-buy rating in a research note on Thursday, October 12th. Sanford C. Bernstein lowered shares of Marriott International from an outperform rating to a market perform rating in a research note on Thursday, November 16th. Barclays upped their target price on shares of Marriott International from $105.00 to $130.00 and gave the stock an equal weight rating in a research note on Tuesday, November 28th. Deutsche Bank restated a hold rating and set a $124.00 target price on shares of Marriott International in a research note on Wednesday, December 6th. Finally, Robert W. Baird set a $103.00 target price on shares of Marriott International and gave the stock a hold rating in a research note on Tuesday, October 17th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of Buy and a consensus target price of $112.62.
Shares of Marriott International (NASDAQ MAR) traded up $0.35 during trading hours on Tuesday, reaching $139.78. 1,806,773 shares of the company’s stock were exchanged, compared to its average volume of 2,417,100. The company has a debt-to-equity ratio of 1.83, a current ratio of 0.52 and a quick ratio of 0.52. The stock has a market capitalization of $50,960.00, a price-to-earnings ratio of 37.98, a PEG ratio of 2.98 and a beta of 1.35. Marriott International has a one year low of $81.93 and a one year high of $140.26.
Marriott International (NASDAQ:MAR) last issued its quarterly earnings results on Tuesday, November 7th. The company reported $1.10 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.98 by $0.12. The company had revenue of $5.66 billion for the quarter, compared to analyst estimates of $5.22 billion. Marriott International had a net margin of 6.30% and a return on equity of 31.58%. The business’s revenue for the quarter was up 43.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.91 earnings per share. equities analysts forecast that Marriott International will post 4.24 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Wednesday, November 22nd were paid a $0.33 dividend. The ex-dividend date was Tuesday, November 21st. This represents a $1.32 annualized dividend and a yield of 0.94%. Marriott International’s dividend payout ratio is currently 35.87%.
Marriott International declared that its Board of Directors has approved a stock buyback plan on Thursday, November 9th that authorizes the company to repurchase 30,000,000 outstanding shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its stock is undervalued.
In other news, insider Deborah Marriott Harrison sold 130,000 shares of the stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $119.17, for a total value of $15,492,100.00. Following the completion of the sale, the insider now directly owns 114,155 shares of the company’s stock, valued at $13,603,851.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Edward A. Ryan sold 6,550 shares of the stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $120.40, for a total value of $788,620.00. Following the completion of the sale, the executive vice president now directly owns 67,856 shares of the company’s stock, valued at $8,169,862.40. The disclosure for this sale can be found here. Insiders sold 221,825 shares of company stock worth $27,378,820 over the last quarter. 11.32% of the stock is currently owned by insiders.
Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Marriott International by 1.7% during the second quarter. Vanguard Group Inc. now owns 19,999,062 shares of the company’s stock worth $2,006,106,000 after purchasing an additional 331,586 shares during the period. FMR LLC lifted its holdings in shares of Marriott International by 32.5% during the second quarter. FMR LLC now owns 15,406,182 shares of the company’s stock worth $1,545,394,000 after purchasing an additional 3,780,639 shares during the period. Capital Research Global Investors lifted its holdings in shares of Marriott International by 7.2% during the second quarter. Capital Research Global Investors now owns 12,763,000 shares of the company’s stock worth $1,280,257,000 after purchasing an additional 862,710 shares during the period. Westfield Capital Management Co. LP lifted its holdings in shares of Marriott International by 11.1% during the third quarter. Westfield Capital Management Co. LP now owns 1,681,372 shares of the company’s stock worth $185,388,000 after purchasing an additional 167,692 shares during the period. Finally, Janus Henderson Group PLC lifted its holdings in shares of Marriott International by 88.6% during the third quarter. Janus Henderson Group PLC now owns 1,673,540 shares of the company’s stock worth $184,524,000 after purchasing an additional 786,050 shares during the period. 66.65% of the stock is owned by institutional investors and hedge funds.
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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.
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