Other equities research analysts also recently issued reports about the company. Guggenheim initiated coverage on Marriott International in a research report on Wednesday, April 26th. They set a neutral rating on the stock. Canaccord Genuity reaffirmed a buy rating and set a $113.00 price target (up from $100.00) on shares of Marriott International in a research report on Monday, May 8th. Stifel Nicolaus reaffirmed a hold rating and set a $95.00 price target (up from $87.00) on shares of Marriott International in a research report on Tuesday, May 9th. Instinet increased their price target on Marriott International from $100.00 to $121.00 and gave the stock a buy rating in a research report on Wednesday, May 10th. Finally, Barclays PLC reaffirmed a hold rating and set a $105.00 price target on shares of Marriott International in a research report on Friday, May 12th. One analyst has rated the stock with a sell rating, nine have given a hold rating and eleven have given a buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of $100.08.
Shares of Marriott International (NASDAQ:MAR) opened at 99.08 on Friday. Marriott International has a one year low of $65.91 and a one year high of $110.51. The company has a 50 day moving average price of $101.71 and a 200 day moving average price of $97.16. The company has a market cap of $36.90 billion, a price-to-earnings ratio of 32.52 and a beta of 1.36.
Marriott International (NASDAQ:MAR) last issued its earnings results on Monday, August 7th. The company reported $1.13 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.02 by $0.11. The company had revenue of $5.80 billion during the quarter, compared to analyst estimates of $5.73 billion. Marriott International had a return on equity of 26.26% and a net margin of 5.27%. The firm’s quarterly revenue was up 48.5% on a year-over-year basis. During the same quarter last year, the business posted $1.03 EPS. Equities analysts predict that Marriott International will post $4.14 EPS for the current year.
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The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Thursday, August 24th will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date of this dividend is Tuesday, August 22nd. Marriott International’s dividend payout ratio is presently 45.52%.
In related news, insider Stephen Blake Marriott sold 3,733 shares of the firm’s stock in a transaction dated Wednesday, May 31st. The shares were sold at an average price of $107.44, for a total value of $401,073.52. Following the transaction, the insider now directly owns 145,601 shares of the company’s stock, valued at approximately $15,643,371.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider David Grissen sold 2,589 shares of the firm’s stock in a transaction dated Wednesday, May 24th. The shares were sold at an average price of $105.66, for a total transaction of $273,553.74. Following the completion of the transaction, the insider now directly owns 45,201 shares in the company, valued at $4,775,937.66. The disclosure for this sale can be found here. Insiders sold a total of 62,622 shares of company stock worth $6,328,408 over the last ninety days. 11.32% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Advisory Services Network LLC raised its position in 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 buying an additional 1,058 shares during the period. Oppenheimer Asset Management Inc. acquired a new position in Marriott International during the first quarter worth $115,000. Baker Ellis Asset Management LLC acquired a new position in Marriott International during the second quarter worth $133,000. TrimTabs Asset Management LLC raised its position in 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 buying an additional 736 shares during the period. Finally, First Bank & Trust raised its position in Marriott International by 3.6% in the first quarter. First Bank & Trust now owns 1,681 shares of the company’s stock worth $158,000 after buying an additional 59 shares during the period. 67.11% of the stock is currently owned by institutional investors and hedge funds.
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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