BidaskClub cut shares of Marriott International (NASDAQ:MAR) from a strong-buy rating to a buy rating in a research report sent to investors on Friday morning.
Other analysts also recently issued research reports about the company. Zacks Investment Research upgraded Marriott International from a hold rating to a buy rating and set a $156.00 price target for the company in a research note on Tuesday, May 15th. Evercore ISI upgraded Marriott International from an in-line rating to an outperform rating and upped their price target for the stock from $146.00 to $155.00 in a research note on Thursday, May 17th. Robert W. Baird reiterated a hold rating and set a $138.00 price target on shares of Marriott International in a research note on Thursday, April 19th. Deutsche Bank reiterated a hold rating and set a $141.00 price target on shares of Marriott International in a research note on Thursday, May 10th. Finally, ValuEngine upgraded Marriott International from a hold rating to a buy rating in a research note on Thursday, March 1st. Nine equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Marriott International has an average rating of Buy and an average price target of $134.50.
Shares of NASDAQ MAR opened at $129.10 on Friday. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 2.20. Marriott International has a one year low of $96.90 and a one year high of $149.21. The stock has a market capitalization of $46.86 billion, a price-to-earnings ratio of 29.61, a PEG ratio of 2.12 and a beta of 1.36.
Marriott International (NASDAQ:MAR) last issued its earnings results on Tuesday, May 8th. The company reported $1.34 EPS for the quarter, beating analysts’ consensus estimates of $1.22 by $0.12. Marriott International had a return on equity of 41.82% and a net margin of 6.29%. The firm had revenue of $5.01 billion for the quarter, compared to the consensus estimate of $5.78 billion. During the same quarter in the previous year, the company posted $1.01 earnings per share. The business’s quarterly revenue was up 1.9% compared to the same quarter last year. equities research analysts anticipate that Marriott International will post 5.51 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 29th. Investors of record on Friday, May 18th will be given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 1.27%. The ex-dividend date is Thursday, May 17th. This is a boost from Marriott International’s previous quarterly dividend of $0.33. Marriott International’s payout ratio is currently 37.61%.
In related news, major shareholder Juliana B. Marriott sold 4,294 shares of the business’s stock in a transaction dated Thursday, June 7th. The stock was sold at an average price of $141.49, for a total transaction of $607,558.06. Following the completion of the transaction, the insider now owns 18,000 shares of the company’s stock, valued at approximately $2,546,820. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mary K. Bush sold 2,184 shares of the business’s stock in a transaction dated Tuesday, May 15th. The stock was sold at an average price of $138.84, for a total value of $303,226.56. Following the transaction, the director now directly owns 275 shares of the company’s stock, valued at approximately $38,181. The disclosure for this sale can be found here. Insiders have sold a total of 18,559 shares of company stock valued at $2,613,773 in the last three months. 12.99% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC raised its holdings in Marriott International by 2.0% in the 4th quarter. Geode Capital Management LLC now owns 3,221,339 shares of the company’s stock valued at $436,303,000 after acquiring an additional 61,967 shares in the last quarter. TIAA CREF Investment Management LLC raised its holdings in Marriott International by 6.1% in the 4th quarter. TIAA CREF Investment Management LLC now owns 3,196,630 shares of the company’s stock valued at $433,879,000 after acquiring an additional 183,633 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Marriott International by 22.6% in the 1st quarter. JPMorgan Chase & Co. now owns 2,043,328 shares of the company’s stock valued at $277,852,000 after acquiring an additional 376,458 shares in the last quarter. Two Sigma Advisers LP raised its holdings in Marriott International by 93.4% in the 4th quarter. Two Sigma Advisers LP now owns 1,767,082 shares of the company’s stock valued at $239,846,000 after acquiring an additional 853,341 shares in the last quarter. Finally, Two Sigma Investments LP acquired a new position in Marriott International in the 4th quarter valued at approximately $185,269,000. 63.79% of the stock is owned by institutional investors and hedge funds.
About Marriott International
Marriott International, Inc operates, franchises, and licenses hotel, residential, and timeshare properties worldwide. The company operates through three segments: North American Full-Service, North American Limited-Service, and Asia Pacific. It operates its properties under the JW Marriott, The Ritz-Carlton, W Hotels, The Luxury Collection, St.
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