Robert W. Baird reiterated their hold rating on shares of Marriott International (NASDAQ:MAR) in a research report sent to investors on Sunday morning. The brokerage currently has a $103.00 target price on the stock.
Other analysts have also issued research reports about the stock. Berenberg Bank reaffirmed a buy rating and set a $125.00 price target on shares of Marriott International in a research report on Friday, August 18th. BidaskClub lowered shares of Marriott International from a strong-buy rating to a buy rating in a research report on Monday, August 14th. Zacks Investment Research raised shares of Marriott International from a hold rating to a buy rating and set a $120.00 price target on the stock in a research report on Wednesday, May 31st. Stifel Nicolaus lifted their price target on shares of Marriott International from $95.00 to $98.00 and gave the company a hold rating in a research report on Tuesday, August 8th. Finally, UBS AG reaffirmed a neutral rating and set a $101.00 price target (up previously from $98.00) on shares of Marriott International in a research report on Monday, August 14th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and eleven have assigned a buy rating to the company. Marriott International has an average rating of Hold and an average price target of $100.81.
Marriott International (NASDAQ MAR) opened at 107.69 on Friday. The stock’s 50 day moving average price is $102.54 and its 200-day moving average price is $99.47. Marriott International has a 1-year low of $65.91 and a 1-year high of $110.51. The company has a market cap of $40.11 billion, a PE ratio of 35.34 and a beta of 1.36.
Marriott International (NASDAQ:MAR) last released its earnings results on Monday, August 7th. The company reported $1.13 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.02 by $0.11. The business had revenue of $5.80 billion for the quarter, compared to analyst estimates of $5.73 billion. Marriott International had a net margin of 5.27% and a return on equity of 26.26%. The business’s revenue was up 48.5% on a year-over-year basis. During the same period last year, the company posted $1.03 EPS. On average, analysts forecast that Marriott International will post $4.13 earnings per share for the current year.
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The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Thursday, August 24th will be paid a $0.33 dividend. The ex-dividend date of this dividend is Tuesday, August 22nd. This represents a $1.32 annualized dividend and a dividend yield of 1.23%. Marriott International’s dividend payout ratio (DPR) is 45.52%.
In other Marriott International news, EVP Anthony Capuano sold 5,000 shares of the business’s stock in a transaction on Friday, June 30th. The shares were sold at an average price of $100.72, for a total value of $503,600.00. Following the completion of the transaction, the executive vice president now owns 56,405 shares in the company, valued at $5,681,111.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider J W. Marriott, Jr. sold 26,362 shares of the business’s stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $101.78, for a total transaction of $2,683,124.36. Following the completion of the transaction, the insider now owns 203,286 shares of the company’s stock, valued at approximately $20,690,449.08. The disclosure for this sale can be found here. In the last 90 days, insiders sold 94,191 shares of company stock valued at $9,512,282. Insiders own 11.32% of the company’s stock.
Large investors have recently bought and sold shares of the business. Advisory Services Network LLC grew its stake in shares of Marriott International by 1,490.1% in the second quarter. Advisory Services Network LLC now owns 1,129 shares of the company’s stock worth $113,000 after acquiring an additional 1,058 shares in the last quarter. Oppenheimer Asset Management Inc. acquired a new position in shares of Marriott International in the first quarter worth $115,000. Baker Ellis Asset Management LLC acquired a new position in shares of Marriott International in the second quarter worth $133,000. TrimTabs Asset Management LLC grew its stake in shares of Marriott International by 89.1% in the first quarter. TrimTabs Asset Management LLC now owns 1,562 shares of the company’s stock worth $147,000 after acquiring an additional 736 shares in the last quarter. Finally, North Star Investment Management Corp. grew its stake in shares of Marriott International by 3.3% in the second quarter. North Star Investment Management Corp. now owns 1,583 shares of the company’s stock worth $159,000 after acquiring an additional 50 shares in the last quarter. Institutional investors and hedge funds own 65.88% of the company’s stock.
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.
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