Shares of Marriott International Inc (NASDAQ:MAR) have earned a consensus recommendation of “Hold” from the sixteen brokerages that are presently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $144.36.
A number of equities research analysts recently commented on the stock. Zacks Investment Research cut shares of Marriott International from a “buy” rating to a “hold” rating in a report on Tuesday, October 9th. Morgan Stanley lowered their price target on shares of Marriott International from $143.00 to $138.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 8th. BidaskClub cut shares of Marriott International from a “hold” rating to a “sell” rating in a report on Wednesday, August 1st. Longbow Research assumed coverage on shares of Marriott International in a report on Friday, September 7th. They issued a “buy” rating and a $156.00 price target on the stock. Finally, SunTrust Banks reaffirmed a “hold” rating and issued a $136.00 price target on shares of Marriott International in a report on Thursday, August 9th.
Shares of NASDAQ MAR traded up $0.01 during midday trading on Friday, reaching $117.96. The company’s stock had a trading volume of 1,067,600 shares, compared to its average volume of 2,111,813. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 2.95. The company has a market capitalization of $45.81 billion, a PE ratio of 27.06, a PEG ratio of 1.94 and a beta of 1.33. Marriott International has a 12-month low of $114.05 and a 12-month high of $149.21.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 28th. Shareholders of record on Thursday, August 23rd were issued a dividend of $0.41 per share. The ex-dividend date of this dividend was Wednesday, August 22nd. This represents a $1.64 dividend on an annualized basis and a yield of 1.39%. Marriott International’s payout ratio is 37.61%.
In other Marriott International news, Director Frederick A. Henderson bought 1,640 shares of the stock in a transaction on Thursday, August 9th. The shares were acquired at an average price of $120.84 per share, with a total value of $198,177.60. Following the acquisition, the director now directly owns 1,640 shares of the company’s stock, valued at approximately $198,177.60. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 12.99% of the company’s stock.
A number of hedge funds have recently modified their holdings of MAR. Janus Henderson Group PLC raised its holdings in Marriott International by 43.7% during the 2nd quarter. Janus Henderson Group PLC now owns 2,231,283 shares of the company’s stock valued at $282,481,000 after acquiring an additional 678,714 shares during the period. Natixis raised its holdings in Marriott International by 2,495.3% during the 2nd quarter. Natixis now owns 350,048 shares of the company’s stock valued at $44,316,000 after acquiring an additional 336,560 shares during the period. FMR LLC raised its holdings in Marriott International by 2.0% during the 2nd quarter. FMR LLC now owns 15,041,003 shares of the company’s stock valued at $1,904,190,000 after acquiring an additional 295,877 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in Marriott International by 10.0% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,188,135 shares of the company’s stock valued at $403,617,000 after acquiring an additional 290,784 shares during the period. Finally, BRILLIANCE ASSET MANAGEMENT Ltd grew its position in shares of Marriott International by 486.1% during the 2nd quarter. BRILLIANCE ASSET MANAGEMENT Ltd now owns 339,071 shares of the company’s stock valued at $42,926,000 after purchasing an additional 281,221 shares in the last quarter. 61.81% of the stock is currently owned by institutional investors and hedge funds.
Marriott International Company Profile
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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