Marriott International Inc (NASDAQ:MAR) was downgraded by research analysts at Vetr from a “buy” rating to a “hold” rating in a report issued on Tuesday. They presently have a $74.52 price target on the stock. Vetr‘s target price would indicate a potential upside of 3.98% from the stock’s current price.
Several other research firms have also recently commented on MAR. Susquehanna reissued a “buy” rating and set a $86.00 price target (down from $87.00) on shares of Marriott International in a research note on Tuesday, March 29th. Robert W. Baird reissued a “hold” rating on shares of Marriott International in a research note on Thursday, March 31st. Telsey Advisory Group increased their price target on shares of Marriott International from $72.00 to $74.00 and gave the company a “market perform” rating in a research note on Friday, April 29th. Bank of America Corp. reissued a “buy” rating on shares of Marriott International in a research note on Thursday, April 28th. Finally, Jefferies Group reissued a “sell” rating on shares of Marriott International in a research note on Thursday, April 28th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and eleven have issued a buy rating to the company’s stock. Marriott International currently has a consensus rating of “Hold” and a consensus target price of $77.81.
In other news, insider J W. Marriott, Jr. sold 30,000 shares of the firm’s stock in a transaction dated Wednesday, June 22nd. The shares were sold at an average price of $67.81, for a total transaction of $2,034,300.00. Following the completion of the sale, the insider now owns 270,024 shares in the company, valued at approximately $18,310,327.44. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Mary K. Bush sold 1,750 shares of the firm’s stock in a transaction dated Tuesday, June 14th. The stock was sold at an average price of $65.79, for a total transaction of $115,132.50. Following the sale, the director now owns 275 shares of the company’s stock, valued at approximately $18,092.25. The disclosure for this sale can be found here.
Marriott International (NASDAQ:MAR) traded up 0.65% during trading on Tuesday, reaching $71.67. 2,531,742 shares of the company’s stock traded hands. Marriott International has a 12 month low of $56.43 and a 12 month high of $79.88. The firm’s 50 day moving average is $67.91 and its 200 day moving average is $66.79. The company has a market cap of $18.22 billion and a P/E ratio of 21.90.
Marriott International (NASDAQ:MAR) last released its quarterly earnings results on Wednesday, April 27th. The company reported $0.87 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.84 by $0.03. The company had revenue of $3.77 billion for the quarter, compared to the consensus estimate of $3.69 billion. Marriott International’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period last year, the company earned $0.73 earnings per share. Analysts anticipate that Marriott International will post $3.72 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 30th. Stockholders of record on Friday, May 20th were given a $0.30 dividend. This is an increase from Marriott International’s previous quarterly dividend of $0.25. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date was Wednesday, May 18th.
Marriott International, Inc is a lodging company. The Company is an operator, franchisor and licensor of hotels and timeshare properties in approximately 90 countries and territories under over 20 brand names. It also develops, operates and markets residential properties, and provides services to home or condominium owner associations.
