Investment analysts at Goldman Sachs Group Inc. began coverage on shares of Marriott International Inc. (NASDAQ:MAR) in a research report issued on Monday, The Fly reports. The brokerage set a “buy” rating on the stock.
MAR has been the topic of several other reports. Wolfe Research began coverage on shares of Marriott International in a report on Wednesday, July 6th. They issued a “market perform” rating on the stock. Morgan Stanley upgraded shares of Marriott International from an “equal weight” rating to an “overweight” rating in a report on Monday. Vetr upgraded shares of Marriott International from a “buy” rating to a “strong-buy” rating and set a $75.10 target price on the stock in a report on Monday, June 13th. Zacks Investment Research lowered shares of Marriott International from a “hold” rating to a “sell” rating in a report on Wednesday, June 29th. Finally, Credit Agricole SA upgraded shares of Marriott International from an “underperform” rating to an “outperform” rating in a report on Monday, August 15th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. Marriott International has an average rating of “Buy” and a consensus price target of $76.62.
Shares of Marriott International (NASDAQ:MAR) opened at 68.44 on Monday. Marriott International has a one year low of $56.43 and a one year high of $79.88. The company has a market capitalization of $17.41 billion, a PE ratio of 20.39 and a beta of 1.25. The company has a 50-day moving average of $71.14 and a 200-day moving average of $69.05.
Marriott International (NASDAQ:MAR) last posted its earnings results on Wednesday, July 27th. The company reported $1.03 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.98 by $0.05. The company had revenue of $3.90 billion for the quarter, compared to analyst estimates of $3.91 billion. Marriott International had a net margin of 5.87% and a negative return on equity of 25.25%. The business’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period last year, the business posted $0.82 earnings per share. On average, analysts anticipate that Marriott International will post $3.63 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 23rd will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.75%. The ex-dividend date is Wednesday, September 21st. Marriott International’s dividend payout ratio (DPR) is 35.71%.
In other Marriott International news, insider Craig S. Smith sold 1,373 shares of Marriott International stock in a transaction dated Tuesday, August 23rd. The shares were sold at an average price of $73.30, for a total value of $100,640.90. Following the completion of the sale, the insider now owns 15,704 shares in the company, valued at approximately $1,151,103.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Anthony Capuano sold 22,538 shares of Marriott International stock in a transaction dated Friday, August 19th. The stock was sold at an average price of $73.60, for a total transaction of $1,658,796.80. Following the completion of the sale, the executive vice president now owns 76,184 shares of the company’s stock, valued at approximately $5,607,142.40. The disclosure for this sale can be found here. 17.07% of the stock is currently owned by company insiders.
A number of hedge funds have recently modified their holdings of MAR. Vulcan Value Partners LLC purchased a new position in shares of Marriott International during the second quarter valued at approximately $138,646,000. Capital World Investors purchased a new position in shares of Marriott International during the second quarter valued at approximately $126,089,000. Westfield Capital Management Co. LP purchased a new position in shares of Marriott International during the second quarter valued at approximately $108,533,000. Capital Research Global Investors boosted its position in shares of Marriott International by 39.4% in the second quarter. Capital Research Global Investors now owns 4,329,447 shares of the company’s stock valued at $287,735,000 after buying an additional 1,224,450 shares during the last quarter. Finally, HS Management Partners LLC purchased a new position in shares of Marriott International during the second quarter valued at approximately $76,882,000. Institutional investors and hedge funds own 73.73% of the company’s stock.
About Marriott International
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.
Receive News & Ratings for Marriott International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marriott International Inc. and related companies with MarketBeat.com's FREE daily email newsletter.