Marriott International (NASDAQ:MAR)‘s stock had its “hold” rating reaffirmed by stock analysts at Robert W. Baird in a note issued to investors on Sunday. They currently have a $103.00 price objective on the stock. Robert W. Baird’s price target would suggest a potential downside of 2.41% from the stock’s current price.
MAR has been the subject of several other research reports. Wolfe Research upgraded shares of Marriott International from a “market perform” rating to an “outperform” rating in a research note on Wednesday, August 30th. BidaskClub lowered shares of Marriott International from a “buy” rating to a “hold” rating in a research note on Wednesday, July 5th. Berenberg Bank reiterated a “buy” rating and issued a $125.00 target price on shares of Marriott International in a research note on Friday, August 18th. J P Morgan Chase & Co reiterated an “overweight” rating and issued a $113.00 target price (up previously from $111.00) on shares of Marriott International in a research note on Wednesday, August 9th. Finally, Zacks Investment Research upgraded shares of Marriott International from a “sell” rating to a “hold” rating in a research note on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and eleven have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $100.81.
Shares of Marriott International (NASDAQ:MAR) opened at 105.54 on Friday. Marriott International has a 52 week low of $65.91 and a 52 week high of $110.51. The firm has a 50-day moving average of $102.45 and a 200-day moving average of $99.32. The firm has a market cap of $39.31 billion, a PE ratio of 34.64 and a beta of 1.36.
Marriott International (NASDAQ:MAR) last announced its quarterly earnings results on Monday, August 7th. The company reported $1.13 EPS for the quarter, beating the Zacks’ consensus estimate of $1.02 by $0.11. Marriott International had a net margin of 5.27% and a return on equity of 26.26%. The business had revenue of $5.80 billion during the quarter, compared to analyst estimates of $5.73 billion. During the same quarter in the previous year, the business posted $1.03 EPS. Marriott International’s quarterly revenue was up 48.5% on a year-over-year basis. On average, analysts expect that Marriott International will post $4.13 EPS for the current year.
In other news, insider David S. Marriott sold 8,400 shares of the company’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $100.51, for a total transaction of $844,284.00. Following the sale, the insider now directly owns 629,136 shares in the company, valued at $63,234,459.36. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider B. Marriott Marital Tr Juliana sold 30,000 shares of the company’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $99.84, for a total value of $2,995,200.00. Following the sale, the insider now owns 493,896 shares in the company, valued at $49,310,576.64. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 94,191 shares of company stock worth $9,512,282. Insiders own 11.32% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in MAR. Advisory Services Network LLC increased 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 buying an additional 1,058 shares during the period. Oppenheimer Asset Management Inc. bought a new stake in shares of Marriott International during the first quarter valued at about $115,000. Baker Ellis Asset Management LLC bought a new stake in shares of Marriott International during the second quarter valued at about $133,000. TrimTabs Asset Management LLC increased its position in shares of Marriott International by 89.1% during the first quarter. TrimTabs Asset Management LLC now owns 1,562 shares of the company’s stock valued at $147,000 after buying an additional 736 shares during the period. Finally, North Star Investment Management Corp. increased its position in shares of Marriott International by 3.3% during the second quarter. North Star Investment Management Corp. now owns 1,583 shares of the company’s stock valued at $159,000 after buying an additional 50 shares during the period. Hedge funds and other institutional investors own 65.88% 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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