Marriott International Inc (NASDAQ:MAR) Given Average Rating of “Hold” by Brokerages

Shares of Marriott International Inc (NASDAQ:MAR) have been assigned an average rating of “Hold” from the sixteen research firms that are currently covering the stock, Marketbeat.com reports. Eleven research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $134.33.

Several equities analysts recently commented on MAR shares. BidaskClub lowered Marriott International from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 26th. Wells Fargo & Co upped their target price on Marriott International from $123.00 to $141.00 and gave the company a “market perform” rating in a research note on Wednesday, April 24th. JPMorgan Chase & Co. lowered Marriott International from an “overweight” rating to a “neutral” rating and set a $138.00 target price for the company. in a research note on Tuesday, July 9th. They noted that the move was a valuation call. Morgan Stanley upped their target price on Marriott International from $123.00 to $125.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 7th. Finally, Longbow Research lowered Marriott International from a “buy” rating to a “neutral” rating in a research note on Monday, July 15th.

In other Marriott International news, Director George Munoz sold 3,428 shares of the company’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $125.20, for a total transaction of $429,185.60. Following the completion of the sale, the director now directly owns 11,620 shares in the company, valued at $1,454,824. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Argiris Kyriakidis sold 6,642 shares of the company’s stock in a transaction dated Monday, June 24th. The stock was sold at an average price of $136.92, for a total value of $909,422.64. Following the sale, the insider now owns 19,025 shares of the company’s stock, valued at $2,604,903. The disclosure for this sale can be found here. Insiders have sold 63,170 shares of company stock valued at $8,520,253 over the last 90 days. 12.60% of the stock is currently owned by insiders.

A number of large investors have recently made changes to their positions in the business. Nuveen Asset Management LLC boosted its position in shares of Marriott International by 14,728.1% in the second quarter. Nuveen Asset Management LLC now owns 1,128,865 shares of the company’s stock worth $158,369,000 after buying an additional 1,121,252 shares during the period. Vanguard Group Inc. boosted its position in shares of Marriott International by 5.0% in the second quarter. Vanguard Group Inc. now owns 20,967,637 shares of the company’s stock worth $2,941,550,000 after buying an additional 1,000,762 shares during the period. USS Investment Management Ltd purchased a new stake in shares of Marriott International in the second quarter worth about $135,135,000. Geode Capital Management LLC boosted its position in shares of Marriott International by 13.4% in the fourth quarter. Geode Capital Management LLC now owns 3,794,287 shares of the company’s stock worth $411,201,000 after buying an additional 448,325 shares during the period. Finally, Point72 Asset Management L.P. purchased a new stake in shares of Marriott International in the second quarter worth about $62,173,000. Institutional investors own 62.66% of the company’s stock.

Shares of NASDAQ MAR traded down $0.15 during trading on Thursday, reaching $126.70. The company had a trading volume of 1,586,332 shares, compared to its average volume of 1,818,401. Marriott International has a twelve month low of $100.62 and a twelve month high of $144.24. The stock has a market capitalization of $41.73 billion, a PE ratio of 20.40, a price-to-earnings-growth ratio of 2.91 and a beta of 1.27. The stock has a 50-day moving average price of $137.96 and a two-hundred day moving average price of $130.63. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 8.93.

Marriott International (NASDAQ:MAR) last released its quarterly earnings results on Monday, August 5th. The company reported $1.56 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.56. Marriott International had a return on equity of 113.75% and a net margin of 6.81%. The company had revenue of $5.31 billion during the quarter, compared to analysts’ expectations of $5.50 billion. During the same period in the previous year, the firm posted $1.73 earnings per share. The business’s revenue for the quarter was down 1.9% compared to the same quarter last year. On average, sell-side analysts predict that Marriott International will post 6.03 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Thursday, August 22nd will be paid a dividend of $0.48 per share. The ex-dividend date of this dividend is Wednesday, August 21st. This represents a $1.92 annualized dividend and a yield of 1.52%. Marriott International’s dividend payout ratio is presently 30.92%.

About Marriott International

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

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Analyst Recommendations for Marriott International (NASDAQ:MAR)

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