Somewhat Positive Media Coverage Somewhat Unlikely to Impact Marriott International (MAR) Share Price
News headlines about Marriott International (NASDAQ:MAR) have trended somewhat positive recently, according to Accern Sentiment. Accern identifies positive and negative media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Marriott International earned a media sentiment score of 0.08 on Accern’s scale. Accern also assigned news articles about the company an impact score of 45.4973929182526 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news headlines that may have effected Accern Sentiment’s analysis:
- 3 Reasons Momentum Stock Investors Will Love Marriott (MAR) (zacks.com)
- Brokerages Anticipate Marriott International Inc (MAR) to Announce $1.00 Earnings Per Share (americanbankingnews.com)
- Marriott International (MAR) Price Target Raised to $130.00 (americanbankingnews.com)
- Stocks on fire-:- Jumei International Holding Limited (NYSE:JMEI), Marriott International, Inc. (NASDAQ:MAR), Alcoa … – Market Breaking Point (press release) (journalfinance.net)
- Here’s What Airbnb Said In A Letter To Marriott’s CEO – Benzinga (benzinga.com)
Shares of Marriott International (NASDAQ:MAR) traded down $0.03 during trading on Wednesday, hitting $126.90. The stock had a trading volume of 3,065,600 shares, compared to its average volume of 2,468,771. The stock has a market capitalization of $46,400.00, a P/E ratio of 30.93, a PEG ratio of 3.16 and a beta of 1.34. Marriott International has a 12-month low of $78.03 and a 12-month high of $128.37. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 1.83.
Marriott International (NASDAQ:MAR) last issued its quarterly earnings data on Tuesday, November 7th. The company reported $1.10 EPS for the quarter, topping the consensus estimate of $0.98 by $0.12. The firm had revenue of $5.66 billion during the quarter, compared to the consensus estimate of $5.22 billion. Marriott International had a return on equity of 31.58% and a net margin of 6.30%. The company’s quarterly revenue was up 43.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.91 earnings per share. equities analysts expect that Marriott International will post 4.24 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Wednesday, November 22nd will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 1.04%. The ex-dividend date is Tuesday, November 21st. Marriott International’s dividend payout ratio (DPR) is presently 35.87%.
Marriott International announced that its Board of Directors has approved a stock repurchase program on Thursday, November 9th that authorizes the company to repurchase 30,000,000 shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.
MAR has been the topic of a number of research reports. Stifel Nicolaus upped their price target on Marriott International from $95.00 to $98.00 and gave the stock a “hold” rating in a research note on Tuesday, August 8th. Robert W. Baird upped their price target on Marriott International from $101.00 to $103.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 8th. BidaskClub raised Marriott International from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 8th. Zacks Investment Research raised Marriott International from a “sell” rating to a “hold” rating in a research note on Wednesday, August 9th. Finally, J P Morgan Chase & Co reaffirmed an “overweight” rating and set a $113.00 price target (up from $111.00) on shares of Marriott International in a research note on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have issued a buy rating to the company. Marriott International has an average rating of “Buy” and a consensus price target of $110.09.
In related news, EVP Edward A. Ryan sold 4,453 shares of the stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $103.81, for a total transaction of $462,265.93. Following the completion of the sale, the executive vice president now directly owns 80,406 shares of the company’s stock, valued at $8,346,946.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Argiris Kyriakidis sold 2,500 shares of the stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $121.55, for a total value of $303,875.00. Following the sale, the insider now directly owns 13,579 shares of the company’s stock, valued at $1,650,527.45. The disclosure for this sale can be found here. Over the last three months, insiders sold 220,778 shares of company stock valued at $25,458,277. Company insiders own 11.32% of the company’s stock.
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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