Marriott International Inc (NASDAQ:MAR) had its target price raised by analysts at Evercore ISI from $86.00 to $90.00 in a report released on Thursday. The firm presently has an “underperform” rating on the stock. Evercore ISI’s price target suggests a potential downside of 2.99% from the stock’s previous close.
A number of other brokerages have also commented on MAR. Canaccord Genuity restated a “buy” rating and set a $94.00 price objective on shares of Marriott International in a report on Thursday, February 16th. Telsey Advisory Group raised their price objective on shares of Marriott International from $73.00 to $90.00 and gave the stock a “market perform” rating in a report on Friday, February 17th. SunTrust Banks, Inc. lowered shares of Marriott International from a “buy” rating to a “hold” rating and lifted their price target for the company from $75.00 to $80.00 in a research note on Tuesday, February 21st. Instinet lifted their price target on shares of Marriott International from $98.00 to $100.00 and gave the company a “buy” rating in a research note on Tuesday, February 21st. Finally, JPMorgan Chase & Co. lifted their price target on shares of Marriott International from $98.00 to $102.00 and gave the company an “overweight” rating in a research note on Wednesday, March 22nd. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $89.91.
Marriott International (NASDAQ:MAR) traded up 1.40% during trading on Thursday, reaching $92.77. The company had a trading volume of 2,792,852 shares. The company has a 50-day moving average of $90.45 and a 200-day moving average of $82.03. The firm has a market capitalization of $35.58 billion, a P/E ratio of 35.14 and a beta of 1.22. Marriott International has a 52-week low of $60.87 and a 52-week high of $95.42.
Marriott International (NASDAQ:MAR) last issued its quarterly earnings data on Wednesday, February 15th. The company reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.02. Marriott International had a net margin of 4.82% and a negative return on equity of 76.10%. The business had revenue of $5.46 billion for the quarter, compared to analyst estimates of $4.67 billion. Analysts expect that Marriott International will post $3.94 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, March 31st. Investors of record on Friday, February 24th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.29%. The ex-dividend date was Wednesday, February 22nd. Marriott International’s payout ratio is 42.25%.
In other Marriott International news, EVP Edward A. Ryan sold 10,033 shares of the business’s stock in a transaction dated Monday, February 27th. The shares were sold at an average price of $87.40, for a total value of $876,884.20. Following the completion of the sale, the executive vice president now owns 94,810 shares of the company’s stock, valued at approximately $8,286,394. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Debra L. Lee sold 2,020 shares of the business’s stock in a transaction dated Tuesday, February 28th. The shares were sold at an average price of $87.37, for a total transaction of $176,487.40. Following the completion of the sale, the director now directly owns 640 shares of the company’s stock, valued at approximately $55,916.80. The disclosure for this sale can be found here. Insiders have sold a total of 155,128 shares of company stock valued at $13,875,938 in the last ninety days. 17.07% of the stock is currently owned by insiders.
Hedge funds have recently bought and sold shares of the stock. MSI Financial Services Inc increased its stake in Marriott International by 59.2% in the third quarter. MSI Financial Services Inc now owns 3,785 shares of the company’s stock worth $255,000 after buying an additional 1,408 shares in the last quarter. Gulf International Bank UK Ltd increased its stake in Marriott International by 68.8% in the third quarter. Gulf International Bank UK Ltd now owns 102,380 shares of the company’s stock worth $6,893,000 after buying an additional 41,720 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in Marriott International by 68.4% in the third quarter. Nisa Investment Advisors LLC now owns 120,369 shares of the company’s stock worth $8,105,000 after buying an additional 48,912 shares in the last quarter. Capstone Asset Management Co. increased its stake in Marriott International by 66.4% in the third quarter. Capstone Asset Management Co. now owns 28,594 shares of the company’s stock worth $1,925,000 after buying an additional 11,409 shares in the last quarter. Finally, Eagle Asset Management Inc. acquired a new stake in Marriott International during the third quarter worth about $14,226,000. 64.62% of the stock is owned by hedge funds and other institutional investors.
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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