BMO Capital Markets reaffirmed their hold rating on shares of Marriott International (NASDAQ:MAR) in a research report report published on Wednesday, AnalystRatings.com reports. BMO Capital Markets currently has a $128.00 price objective on the stock.
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MAR has been the subject of several other research reports. Cowen set a $140.00 price objective on shares of Marriott International and gave the stock a buy rating in a research report on Wednesday, October 9th. ValuEngine upgraded shares of Marriott International from a sell rating to a hold rating in a research report on Friday, November 1st. Sanford C. Bernstein started coverage on shares of Marriott International in a report on Wednesday, September 11th. They issued a market perform rating and a $136.00 price target for the company. JPMorgan Chase & Co. decreased their price target on shares of Marriott International from $134.00 to $128.00 and set a neutral rating for the company in a report on Friday, September 6th. Finally, Wells Fargo & Co decreased their price target on shares of Marriott International from $135.00 to $130.00 and set a market perform rating for the company in a report on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and five have issued a buy rating to the company. Marriott International presently has a consensus rating of Hold and an average price target of $135.50.
Shares of NASDAQ:MAR traded up $0.14 during midday trading on Wednesday, hitting $133.20. 1,020,300 shares of the stock were exchanged, compared to its average volume of 1,785,499. Marriott International has a 52-week low of $100.62 and a 52-week high of $144.24. The company has a market capitalization of $44.03 billion, a PE ratio of 21.45, a P/E/G ratio of 3.42 and a beta of 1.27. The business’s fifty day simple moving average is $123.92 and its two-hundred day simple moving average is $130.93. The company has a debt-to-equity ratio of 8.93, a quick ratio of 0.51 and a current ratio of 0.51.
Marriott International (NASDAQ:MAR) last released its earnings results on Monday, November 4th. The company reported $1.47 earnings per share for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.02). The firm had revenue of $5.28 billion for the quarter, compared to analyst estimates of $5.14 billion. Marriott International had a return on equity of 117.92% and a net margin of 6.28%. The firm’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period last year, the business earned $1.70 earnings per share. As a group, equities analysts anticipate that Marriott International will post 5.9 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Thursday, November 21st will be paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 1.44%. Marriott International’s payout ratio is presently 30.92%.
In related news, insider Craig S. Smith sold 14,915 shares of the company’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $128.20, for a total value of $1,912,103.00. Following the completion of the transaction, the insider now directly owns 18,062 shares of the company’s stock, valued at approximately $2,315,548.40. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director George Munoz sold 4,866 shares of the company’s stock in a transaction on 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 transaction, the director now directly owns 6,754 shares of the company’s stock, valued at $902,401.94. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 23,157 shares of company stock valued at $3,008,421. Company insiders own 12.60% of the company’s stock.
Large investors have recently modified their holdings of the business. Rockland Trust Co. raised its holdings in shares of Marriott International by 2.4% in the 2nd quarter. Rockland Trust Co. now owns 5,058 shares of the company’s stock valued at $710,000 after purchasing an additional 118 shares during the period. WINTON GROUP Ltd bought a new position in Marriott International in the 2nd quarter valued at about $22,390,000. Carroll Financial Associates Inc. raised its holdings in Marriott International by 9.6% in the 2nd quarter. Carroll Financial Associates Inc. now owns 1,763 shares of the company’s stock valued at $247,000 after acquiring an additional 155 shares during the period. Calton & Associates Inc. bought a new position in Marriott International in the 2nd quarter valued at about $210,000. Finally, New England Research & Management Inc. bought a new position in Marriott International in the 2nd quarter valued at about $203,000. 63.31% of the stock is currently owned by hedge funds and other institutional investors.
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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