Traders Sell Shares of Marriott International (MAR) on Strength After Analyst Downgrade

Investors sold shares of Marriott International Inc (NASDAQ:MAR) on strength during trading hours on Friday after Morgan Stanley lowered their price target on the stock from $138.00 to $123.00. $37.89 million flowed into the stock on the tick-up and $56.62 million flowed out of the stock on the tick-down, for a money net flow of $18.73 million out of the stock. Of all stocks tracked, Marriott International had the 0th highest net out-flow for the day. Marriott International traded up $0.13 for the day and closed at $117.04

A number of other brokerages also recently commented on MAR. Zacks Investment Research raised shares of Marriott International from a “hold” rating to a “buy” rating and set a $149.00 target price on the stock in a research note on Monday, October 1st. BidaskClub downgraded shares of Marriott International from a “hold” rating to a “sell” rating in a research note on Wednesday, August 1st. Barclays reduced their target price on shares of Marriott International from $148.00 to $141.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 8th. Longbow Research began coverage on shares of Marriott International in a research note on Friday, September 7th. They set a “buy” rating and a $156.00 target price on the stock. Finally, Robert W. Baird reaffirmed a “hold” rating and set a $135.00 target price on shares of Marriott International in a research note on Wednesday, August 8th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company. Marriott International presently has an average rating of “Hold” and an average target price of $140.93.

Several institutional investors have recently added to or reduced their stakes in the company. Livforsakringsbolaget Skandia Omsesidigt grew its holdings in shares of Marriott International by 12.5% in the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 5,407 shares of the company’s stock valued at $685,000 after purchasing an additional 600 shares in the last quarter. State of Alaska Department of Revenue grew its holdings in shares of Marriott International by 4.0% in the second quarter. State of Alaska Department of Revenue now owns 46,881 shares of the company’s stock valued at $5,933,000 after purchasing an additional 1,807 shares in the last quarter. Xact Kapitalforvaltning AB grew its holdings in shares of Marriott International by 14.4% in the second quarter. Xact Kapitalforvaltning AB now owns 36,403 shares of the company’s stock valued at $4,609,000 after purchasing an additional 4,575 shares in the last quarter. NN Investment Partners Holdings N.V. grew its holdings in shares of Marriott International by 6.2% in the second quarter. NN Investment Partners Holdings N.V. now owns 123,209 shares of the company’s stock valued at $15,598,000 after purchasing an additional 7,209 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC acquired a new position in shares of Marriott International in the second quarter valued at approximately $883,000. 62.03% of the stock is currently owned by institutional investors and hedge funds.

The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 2.95. The firm has a market cap of $39.75 billion, a price-to-earnings ratio of 26.84, a P/E/G ratio of 1.66 and a beta of 1.38.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings data on Monday, November 5th. The company reported $1.70 earnings per share for the quarter, beating analysts’ consensus estimates of $1.31 by $0.39. The firm had revenue of $5.05 billion during the quarter, compared to analysts’ expectations of $5.28 billion. Marriott International had a net margin of 7.95% and a return on equity of 62.71%. The business’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.10 earnings per share. As a group, research analysts forecast that Marriott International Inc will post 6.12 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 31st. Investors of record on Wednesday, November 21st will be issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date of this dividend is Tuesday, November 20th. Marriott International’s dividend payout ratio (DPR) is currently 37.61%.

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Marriott International Company Profile (NASDAQ:MAR)

Marriott International, Inc operates, franchises, and licenses hotel, residential, and timeshare properties worldwide. The company operates through three segments: North American Full-Service, North American Limited-Service, and Asia Pacific. It operates its properties under the JW Marriott, The Ritz-Carlton, W Hotels, The Luxury Collection, St.

See Also: Outstanding Shares

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