Marriott International (MAR) Sets New 12-Month Low at $106.58
Marriott International Inc (NASDAQ:MAR) reached a new 52-week low on Monday . The stock traded as low as $106.58 and last traded at $108.27, with a volume of 65290 shares trading hands. The stock had previously closed at $107.66.
Several equities research analysts have weighed in on MAR shares. Raymond James lowered their price objective on shares of Marriott International from $140.00 to $137.00 and set a “buy” rating for the company in a research report on Thursday, November 8th. Zacks Investment Research upgraded shares of Marriott International from a “hold” rating to a “buy” rating and set a $149.00 price objective for the company in a research report on Monday, October 1st. Longbow Research started coverage on shares of Marriott International in a research report on Friday, September 7th. They issued a “buy” rating and a $156.00 price objective for the company. BidaskClub upgraded shares of Marriott International from a “hold” rating to a “buy” rating in a research report on Friday, November 23rd. Finally, Morgan Stanley lowered their price objective on shares of Marriott International from $138.00 to $123.00 and set a “hold” rating for the company in a research report on Thursday, November 8th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $138.38.
The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 3.75. The stock has a market capitalization of $36.73 billion, a P/E ratio of 24.69, a P/E/G ratio of 1.51 and a beta of 1.37.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 31st. Stockholders of record on Wednesday, November 21st will be given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 1.52%. The ex-dividend date is Tuesday, November 20th. Marriott International’s dividend payout ratio is 37.61%.
In other news, Director Eric Hippeau sold 9,000 shares of Marriott International stock in a transaction that occurred on Tuesday, November 13th. The shares were sold at an average price of $116.23, for a total transaction of $1,046,070.00. Following the completion of the sale, the director now owns 21,762 shares in the company, valued at approximately $2,529,397.26. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 12.99% of the stock is owned by insiders.
Several large investors have recently modified their holdings of MAR. Sun Life Financial INC grew its position in shares of Marriott International by 331.6% during the 2nd quarter. Sun Life Financial INC now owns 807 shares of the company’s stock worth $102,000 after buying an additional 620 shares during the period. Centaurus Financial Inc. acquired a new stake in shares of Marriott International during the 2nd quarter worth approximately $102,000. Fort L.P. acquired a new stake in shares of Marriott International during the 2nd quarter worth approximately $114,000. Pathstone Family Office LLC acquired a new stake in shares of Marriott International during the 3rd quarter worth approximately $132,000. Finally, CenterStar Asset Management LLC acquired a new stake in shares of Marriott International during the 3rd quarter worth approximately $133,000. Institutional investors own 63.36% of the company’s stock.
About Marriott International (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.
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