Vetr upgraded shares of Marriott International Inc. (NASDAQ:MAR) from a buy rating to a strong-buy rating in a research note released on Monday. Vetr currently has $78.88 price objective on the stock.
MAR has been the subject of several other research reports. Wolfe Research began coverage on Marriott International in a research report on Wednesday, July 6th. They issued a market perform rating for the company. Morgan Stanley upgraded Marriott International from an equal weight rating to an overweight rating and set a $78.00 price objective for the company in a research report on Monday. Zacks Investment Research downgraded Marriott International from a hold rating to a sell rating in a research report on Wednesday, June 29th. Credit Agricole SA upgraded Marriott International from an underperform rating to an outperform rating in a research report on Monday, August 15th. Finally, Barclays PLC set a $80.00 price objective on Marriott International and gave the company a hold rating in a research report on Friday, September 23rd. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus target price of $78.09.
Marriott International (NASDAQ:MAR) opened at 67.10 on Monday. The company has a 50 day moving average price of $70.56 and a 200-day moving average price of $69.01. The firm has a market cap of $17.07 billion, a price-to-earnings ratio of 19.99 and a beta of 1.25. Marriott International has a 52-week low of $56.43 and a 52-week high of $79.88.
Marriott International (NASDAQ:MAR) last issued its quarterly earnings data on Wednesday, July 27th. The company reported $1.03 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.98 by $0.05. Marriott International had a negative return on equity of 25.25% and a net margin of 5.87%. The firm earned $3.90 billion during the quarter, compared to the consensus estimate of $3.91 billion. During the same quarter in the previous year, the company posted $0.82 EPS. The business’s revenue for the quarter was up 5.8% compared to the same quarter last year. Equities research analysts anticipate that Marriott International will post $3.63 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 23rd will be issued a $0.30 dividend. The ex-dividend date is Wednesday, September 21st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.79%. Marriott International’s dividend payout ratio (DPR) is 35.71%.
In related news, insider J W. Marriott, Jr. sold 28,515 shares of the company’s stock in a transaction dated Thursday, September 22nd. The stock was sold at an average price of $70.14, for a total transaction of $2,000,042.10. Following the sale, the insider now owns 240,024 shares in the company, valued at $16,835,283.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Anthony Capuano sold 22,538 shares of the company’s stock in a transaction dated Friday, August 19th. The stock was sold at an average price of $73.60, for a total value of $1,658,796.80. Following the sale, the executive vice president now owns 76,184 shares in the company, valued at approximately $5,607,142.40. The disclosure for this sale can be found here. 17.07% of the stock is owned by insiders.
Hedge funds have recently added to or reduced their stakes in the company. BlackRock Institutional Trust Company N.A. raised its stake in Marriott International by 6.6% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 5,256,964 shares of the company’s stock valued at $374,191,000 after buying an additional 327,672 shares during the last quarter. BlackRock Group LTD raised its stake in Marriott International by 2.3% in the first quarter. BlackRock Group LTD now owns 1,635,479 shares of the company’s stock valued at $116,414,000 after buying an additional 36,397 shares during the last quarter. BlackRock Inc. raised its stake in Marriott International by 4.4% in the first quarter. BlackRock Inc. now owns 551,421 shares of the company’s stock valued at $39,251,000 after buying an additional 23,385 shares during the last quarter. Cornerstone Financial Partners LLC bought a new stake in Marriott International during the first quarter valued at about $1,248,000. Finally, Pacad Investment Ltd. raised its stake in Marriott International by 168.0% in the first quarter. Pacad Investment Ltd. now owns 44,343 shares of the company’s stock valued at $3,156,000 after buying an additional 27,798 shares during the last quarter. Institutional investors and hedge funds own 73.73% of the company’s stock.
Marriott International Company Profile
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.
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