Marriott International Inc. (NASDAQ:MAR) had its price target lifted by Stifel Nicolaus from $65.00 to $66.00 in a report published on Monday. Stifel Nicolaus currently has a hold rating on the stock.
MAR has been the topic of several other research reports. Wolfe Research assumed coverage on shares of Marriott International in a report on Wednesday, July 6th. They issued a market perform rating on the stock. Morgan Stanley raised shares of 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. Vetr raised shares of Marriott International from a buy rating to a strong-buy rating and set a $75.10 price objective for the company in a research report on Monday, June 13th. Zacks Investment Research lowered shares of Marriott International from a hold rating to a sell rating in a research report on Wednesday, June 29th. Finally, Credit Agricole SA raised shares of Marriott International from an underperform rating to an outperform rating in a research report on Monday, August 15th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. Marriott International has a consensus rating of Buy and an average price target of $78.09.
Marriott International (NASDAQ:MAR) opened at 67.10 on Monday. The stock has a market cap of $17.07 billion, a PE ratio of 19.99 and a beta of 1.25. The firm has a 50-day moving average of $70.56 and a 200 day moving average of $69.01. Marriott International has a 12 month low of $56.43 and a 12 month high of $79.88.
Marriott International (NASDAQ:MAR) last announced its quarterly earnings results on Wednesday, July 27th. The company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.05. Marriott International had a net margin of 5.87% and a negative return on equity of 25.25%. The company had revenue of $3.90 billion for the quarter, compared to the consensus estimate of $3.91 billion. During the same quarter in the prior year, the firm earned $0.82 earnings per share. The company’s revenue for the quarter was up 5.8% compared to the same quarter last year. Analysts anticipate that Marriott International will post $3.63 EPS for the current year.
The business 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 dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, September 21st. This represents a $1.20 dividend on an annualized basis and a yield of 1.79%. Marriott International’s dividend payout ratio (DPR) is 35.71%.
In other news, EVP Anthony Capuano sold 22,538 shares of the firm’s stock in a transaction dated Friday, August 19th. The shares were sold at an average price of $73.60, for a total value of $1,658,796.80. Following the transaction, the executive vice president now directly owns 76,184 shares in the company, valued at approximately $5,607,142.40. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Richard E. Marriott sold 71,287 shares of the firm’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 $5,000,070.18. Following the completion of the transaction, the insider now owns 12,223,365 shares in the company, valued at $857,346,821.10. The disclosure for this sale can be found here. Company insiders own 17.07% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Gradient Investments LLC increased its position in Marriott International by 0.4% in the second quarter. Gradient Investments LLC now owns 1,958 shares of the company’s stock worth $130,000 after buying an additional 8 shares during the last quarter. Commerce Bank increased its position in Marriott International by 0.3% in the second quarter. Commerce Bank now owns 5,403 shares of the company’s stock worth $359,000 after buying an additional 18 shares during the last quarter. Bessemer Group Inc. increased its position in Marriott International by 0.7% in the first quarter. Bessemer Group Inc. now owns 4,833 shares of the company’s stock worth $344,000 after buying an additional 35 shares during the last quarter. Trust Co. of Virginia VA increased its position in Marriott International by 1.2% in the second quarter. Trust Co. of Virginia VA now owns 3,579 shares of the company’s stock worth $237,000 after buying an additional 41 shares during the last quarter. Finally, Mutual of America Capital Management LLC increased its position in Marriott International by 0.3% in the second quarter. Mutual of America Capital Management LLC now owns 22,313 shares of the company’s stock worth $1,483,000 after buying an additional 77 shares during the last quarter. Institutional investors 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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