Shares of Marriott International, Inc. (NASDAQ:MAR – Get Rating) have been assigned an average rating of “Hold” from the sixteen ratings firms that are currently covering the firm, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $176.43.
MAR has been the subject of a number of research analyst reports. BMO Capital Markets lowered their price objective on shares of Marriott International from $165.00 to $160.00 and set a “market perform” rating for the company in a research report on Friday, November 4th. TheStreet raised shares of Marriott International from a “c+” rating to a “b-” rating in a research report on Tuesday, August 16th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Marriott International from $164.00 to $155.00 in a research report on Wednesday, August 3rd. Stifel Nicolaus raised their price target on shares of Marriott International from $150.00 to $161.00 in a research report on Tuesday, August 2nd. Finally, StockNews.com cut shares of Marriott International from a “buy” rating to a “hold” rating in a research report on Friday, November 4th.
Marriott International Stock Performance
NASDAQ:MAR opened at $161.71 on Friday. The company has a debt-to-equity ratio of 8.33, a quick ratio of 0.52 and a current ratio of 0.52. The stock has a market capitalization of $51.19 billion, a P/E ratio of 24.65, a PEG ratio of 0.60 and a beta of 1.57. The company has a 50 day moving average price of $150.87 and a 200 day moving average price of $154.23. Marriott International has a fifty-two week low of $131.01 and a fifty-two week high of $195.90.
Marriott International Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 30th. Shareholders of record on Wednesday, November 23rd will be paid a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, November 22nd. This represents a $1.20 dividend on an annualized basis and a yield of 0.74%. Marriott International’s dividend payout ratio is presently 18.29%.
Marriott International announced that its Board of Directors has authorized a stock buyback plan on Thursday, November 10th that permits the company to repurchase 25,000,000 outstanding shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.
Insider Activity
In other news, Director Eric Hippeau sold 13,987 shares of Marriott International stock in a transaction dated Thursday, September 8th. The shares were sold at an average price of $158.77, for a total value of $2,220,715.99. Following the sale, the director now owns 14,461 shares of the company’s stock, valued at $2,295,972.97. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, EVP Benjamin T. Breland sold 625 shares of the business’s stock in a transaction dated Friday, November 11th. The shares were sold at an average price of $162.00, for a total transaction of $101,250.00. Following the sale, the executive vice president now owns 7,102 shares of the company’s stock, valued at $1,150,524. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Eric Hippeau sold 13,987 shares of the business’s stock in a transaction dated Thursday, September 8th. The stock was sold at an average price of $158.77, for a total transaction of $2,220,715.99. Following the sale, the director now directly owns 14,461 shares in the company, valued at approximately $2,295,972.97. The disclosure for this sale can be found here. Insiders own 12.21% of the company’s stock.
Institutional Trading of Marriott International
Several institutional investors and hedge funds have recently modified their holdings of MAR. Park Avenue Securities LLC raised its position in shares of Marriott International by 46.9% in the first quarter. Park Avenue Securities LLC now owns 2,315 shares of the company’s stock valued at $407,000 after buying an additional 739 shares during the last quarter. Steward Partners Investment Advisory LLC raised its position in shares of Marriott International by 2.4% in the first quarter. Steward Partners Investment Advisory LLC now owns 17,942 shares of the company’s stock valued at $3,153,000 after buying an additional 425 shares during the last quarter. Mutual of America Capital Management LLC raised its position in shares of Marriott International by 1.1% in the first quarter. Mutual of America Capital Management LLC now owns 36,522 shares of the company’s stock valued at $6,419,000 after buying an additional 390 shares during the last quarter. JFS Wealth Advisors LLC raised its position in shares of Marriott International by 10.9% in the first quarter. JFS Wealth Advisors LLC now owns 582 shares of the company’s stock valued at $102,000 after buying an additional 57 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. raised its position in shares of Marriott International by 28.7% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 327 shares of the company’s stock valued at $57,000 after buying an additional 73 shares during the last quarter. Hedge funds and other institutional investors own 70.95% of the company’s stock.
About Marriott International
Marriott International, Inc operates, franchises, and licenses hotel, residential, and timeshare properties worldwide. The company operates through U.S. and Canada, and International segments. It operates its properties under the JW Marriott, The Ritz-Carlton, Ritz-Carlton Reserve, W Hotels, The Luxury Collection, St.
Further Reading
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