Shares of Marriott International Inc (NASDAQ:MAR) have been given a consensus recommendation of “Hold” by the seventeen research firms that are presently covering the company, MarketBeat Ratings reports. Ten investment analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $134.23.
Several analysts have commented on the stock. Morgan Stanley set a $116.00 target price on shares of Marriott International and gave the stock a “hold” rating in a report on Thursday, December 20th. SunTrust Banks lifted their target price on Marriott International to $137.00 and gave the stock a “positive” rating in a report on Monday, March 4th. Barclays boosted their price target on Marriott International to $135.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 5th. They noted that the move was a valuation call. BidaskClub raised Marriott International from a “hold” rating to a “buy” rating in a research note on Thursday, January 31st. Finally, Berenberg Bank reissued a “buy” rating and set a $140.00 target price on shares of Marriott International in a research note on Tuesday, March 5th.
MAR stock traded up $1.04 during trading hours on Friday, hitting $134.29. The company’s stock had a trading volume of 66,229 shares, compared to its average volume of 2,075,064. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 3.83. Marriott International has a 12 month low of $100.62 and a 12 month high of $142.19. The company has a market capitalization of $45.26 billion, a price-to-earnings ratio of 21.62, a P/E/G ratio of 2.02 and a beta of 1.21.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 1st were given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date was Thursday, February 28th. Marriott International’s dividend payout ratio (DPR) is presently 26.41%.
In other Marriott International news, insider Craig S. Smith sold 16,743 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $120.35, for a total transaction of $2,015,020.05. Following the sale, the insider now directly owns 7,754 shares in the company, valued at $933,193.90. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider William P. Brown sold 11,640 shares of the stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $121.53, for a total value of $1,414,609.20. Following the completion of the sale, the insider now owns 5,704 shares in the company, valued at $693,207.12. The disclosure for this sale can be found here. Insiders have sold 136,730 shares of company stock valued at $16,924,619 in the last three months. 12.99% of the stock is currently owned by corporate insiders.
Several institutional investors have recently bought and sold shares of MAR. Capital Research Global Investors boosted its holdings in shares of Marriott International by 27.3% during the 3rd quarter. Capital Research Global Investors now owns 18,626,031 shares of the company’s stock worth $2,459,195,000 after purchasing an additional 3,997,729 shares during the last quarter. FDx Advisors Inc. purchased a new position in Marriott International during the fourth quarter worth about $1,351,168,000. Capital World Investors raised its holdings in Marriott International by 600.5% during the third quarter. Capital World Investors now owns 8,329,319 shares of the company’s stock worth $1,099,720,000 after purchasing an additional 7,140,319 shares in the last quarter. Oregon Public Employees Retirement Fund raised its holdings in Marriott International by 9,956.1% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 7,787,660 shares of the company’s stock worth $72,000 after purchasing an additional 7,710,218 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in Marriott International by 13.4% in the fourth quarter. Geode Capital Management LLC now owns 3,794,287 shares of the company’s stock valued at $411,201,000 after buying an additional 448,325 shares in the last quarter. 66.85% of the stock is owned by hedge funds and other institutional investors.
Marriott International Company Profile
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.
Featured Article: How is a Moving Average Calculated?
Receive News & Ratings for Marriott International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marriott International and related companies with MarketBeat.com's FREE daily email newsletter.