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Several other research analysts have also recently issued reports on the stock. Sanford C. Bernstein began coverage on shares of Marriott International in a report on Wednesday, September 11th. They issued a market perform rating and a $136.00 target price on the stock. Longbow Research cut shares of Marriott International from a buy rating to a neutral rating in a report on Monday, July 15th. Royal Bank of Canada raised their target price on shares of Marriott International from $146.00 to $148.00 and gave the stock an outperform rating in a report on Monday, September 16th. BMO Capital Markets reiterated a hold rating and issued a $128.00 price target on shares of Marriott International in a report on Wednesday, November 6th. Finally, JPMorgan Chase & Co. cut their price target on shares of Marriott International from $134.00 to $128.00 and set a neutral rating on the stock in a report on Friday, September 6th. Fourteen research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of $135.50.
Marriott International stock traded up $0.97 during mid-day trading on Wednesday, reaching $135.52. The company’s stock had a trading volume of 1,359,900 shares, compared to its average volume of 1,542,061. The business’s 50 day simple moving average is $124.89 and its 200 day simple moving average is $130.87. The company has a market capitalization of $43.99 billion, a price-to-earnings ratio of 21.82, a price-to-earnings-growth ratio of 3.48 and a beta of 1.27. The company has a debt-to-equity ratio of 13.63, a quick ratio of 0.51 and a current ratio of 0.51. Marriott International has a 12 month low of $100.62 and a 12 month high of $144.24.
Marriott International (NASDAQ:MAR) last issued its quarterly earnings results on Monday, November 4th. The company reported $1.47 EPS for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.02). Marriott International had a net margin of 6.28% and a return on equity of 134.91%. The business had revenue of $5.28 billion for the quarter, compared to the consensus estimate of $5.14 billion. During the same quarter in the previous year, the business earned $1.70 earnings per share. The firm’s revenue was up 4.6% on a year-over-year basis. As a group, sell-side analysts expect that Marriott International will post 5.9 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Thursday, November 21st will be paid a dividend of $0.48 per share. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.42%. Marriott International’s dividend payout ratio is currently 30.92%.
In other Marriott International news, Director George Munoz sold 4,866 shares of the business’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $133.61, for a total transaction of $650,146.26. Following the completion of the sale, the director now directly owns 6,754 shares in the company, valued at approximately $902,401.94. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 12.60% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Alpha Cubed Investments LLC lifted its holdings in Marriott International by 4.0% in the 2nd quarter. Alpha Cubed Investments LLC now owns 2,123 shares of the company’s stock worth $298,000 after purchasing an additional 82 shares in the last quarter. Patten Group Inc. raised its holdings in shares of Marriott International by 0.8% during the 2nd quarter. Patten Group Inc. now owns 10,586 shares of the company’s stock worth $1,485,000 after acquiring an additional 88 shares in the last quarter. Wetherby Asset Management Inc. raised its holdings in shares of Marriott International by 1.1% during the 3rd quarter. Wetherby Asset Management Inc. now owns 8,552 shares of the company’s stock worth $1,064,000 after acquiring an additional 89 shares in the last quarter. Northstar Group Inc. raised its holdings in shares of Marriott International by 4.8% during the 3rd quarter. Northstar Group Inc. now owns 1,956 shares of the company’s stock worth $243,000 after acquiring an additional 90 shares in the last quarter. Finally, Zeke Capital Advisors LLC raised its holdings in shares of Marriott International by 1.7% during the 2nd quarter. Zeke Capital Advisors LLC now owns 5,383 shares of the company’s stock worth $755,000 after acquiring an additional 92 shares in the last quarter. Institutional investors own 63.76% of the company’s stock.
Marriott International Company Profile
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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