Marriott International Inc (MAR) Receives Consensus Recommendation of “Buy” from Brokerages
Marriott International Inc (NASDAQ:MAR) has been assigned a consensus recommendation of “Buy” from the twenty-one ratings firms that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, nine have given a hold recommendation, ten have assigned a buy recommendation and one has given a strong 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 $112.90.
A number of brokerages recently commented on MAR. Zacks Investment Research raised Marriott International from a “hold” rating to a “buy” rating and set a $130.00 target price on the stock in a report on Thursday, October 26th. Royal Bank of Canada reaffirmed a “buy” rating on shares of Marriott International in a report on Tuesday, November 7th. Sanford C. Bernstein cut Marriott International from an “outperform” rating to a “market perform” rating in a report on Thursday, November 16th. Morgan Stanley reaffirmed a “buy” rating on shares of Marriott International in a report on Friday, December 8th. Finally, BidaskClub cut Marriott International from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 5th.
Marriott International (MAR) opened at $137.71 on Wednesday. The stock has a market capitalization of $50,210.00, a price-to-earnings ratio of 37.42, a PEG ratio of 2.98 and a beta of 1.35. Marriott International has a 52 week low of $81.04 and a 52 week high of $138.30. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 1.83.
Marriott International (NASDAQ:MAR) last released its quarterly earnings results on Tuesday, November 7th. The company reported $1.10 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.98 by $0.12. The firm had revenue of $5.66 billion for 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 revenue for the quarter was up 43.7% on a year-over-year basis. During the same period last year, the business posted $0.91 EPS. research analysts predict that Marriott International will post 4.24 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Wednesday, November 22nd were issued a dividend of $0.33 per share. The ex-dividend date of this dividend was Tuesday, November 21st. This represents a $1.32 dividend on an annualized basis and a yield of 0.96%. Marriott International’s dividend payout ratio is presently 35.87%.
Marriott International announced that its board has approved a share buyback plan on Thursday, November 9th that allows the company to buyback 30,000,000 outstanding shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.
In other news, insider Craig S. Smith sold 5,840 shares of the firm’s stock in a transaction dated Thursday, December 28th. The stock was sold at an average price of $136.26, for a total transaction of $795,758.40. Following the completion of the transaction, the insider now owns 26,317 shares in the company, valued at $3,585,954.42. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Stephanie Linnartz sold 8,333 shares of the firm’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $122.82, for a total value of $1,023,459.06. Following the transaction, the executive vice president now owns 28,263 shares of the company’s stock, valued at approximately $3,471,261.66. The disclosure for this sale can be found here. Over the last three months, insiders have sold 221,825 shares of company stock worth $27,378,820. Insiders own 11.32% of the company’s stock.
Several institutional investors have recently modified their holdings of MAR. Advisory Services Network LLC grew its position in shares of Marriott International by 1,490.1% during the second quarter. Advisory Services Network LLC now owns 1,129 shares of the company’s stock valued at $113,000 after purchasing an additional 1,058 shares in the last quarter. First Quadrant L P CA purchased a new position in shares of Marriott International during the third quarter valued at about $136,000. Grove Bank & Trust grew its position in shares of Marriott International by 214.8% during the third quarter. Grove Bank & Trust now owns 1,231 shares of the company’s stock valued at $136,000 after purchasing an additional 840 shares in the last quarter. Carroll Financial Associates Inc. grew its position in shares of Marriott International by 175.6% during the third quarter. Carroll Financial Associates Inc. now owns 1,323 shares of the company’s stock valued at $147,000 after purchasing an additional 843 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. grew its position in shares of Marriott International by 28.1% during the second quarter. Oppenheimer Asset Management Inc. now owns 1,572 shares of the company’s stock valued at $158,000 after purchasing an additional 345 shares in the last quarter. Hedge funds and other institutional investors own 66.65% 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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