Shares of Marriott International Inc (NASDAQ:MAR) have been given a consensus rating of “Hold” by the nineteen brokerages that are currently covering the firm, MarketBeat reports. Fourteen investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $135.50.
Several research analysts recently weighed in on MAR shares. Royal Bank of Canada increased their target price on Marriott International from $146.00 to $148.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. ValuEngine raised Marriott International from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. Sanford C. Bernstein started coverage on Marriott International in a research report on Wednesday, September 11th. They issued a “market perform” rating and a $136.00 target price on the stock. Deutsche Bank reaffirmed a “hold” rating and issued a $123.00 target price on shares of Marriott International in a research report on Wednesday, November 6th. Finally, Cowen set a $140.00 target price on Marriott International and gave the stock a “buy” rating in a research report on Wednesday, October 9th.
Shares of Marriott International stock traded down $0.21 during trading hours on Friday, reaching $135.47. 978,411 shares of the company’s stock were exchanged, compared to its average volume of 1,770,376. Marriott International has a 52-week low of $100.62 and a 52-week high of $144.24. The firm has a market capitalization of $44.31 billion, a price-to-earnings ratio of 21.80, a price-to-earnings-growth ratio of 3.50 and a beta of 1.27. The company has a fifty day moving average of $125.77 and a 200-day moving average of $130.86. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 13.63.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Thursday, November 21st will be issued a $0.48 dividend. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $1.92 annualized dividend and a yield of 1.42%. Marriott International’s dividend payout ratio is currently 30.92%.
In related news, Director George Munoz sold 4,866 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $133.61, for a total value of $650,146.26. Following the completion of the sale, the director now directly owns 6,754 shares in the company, valued at approximately $902,401.94. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Argiris Kyriakidis sold 1,100 shares of the stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $134.21, for a total value of $147,631.00. Following the completion of the sale, the director now owns 14,108 shares of the company’s stock, valued at $1,893,434.68. The disclosure for this sale can be found here. 12.60% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Rockland Trust Co. grew its stake in shares of Marriott International by 2.4% during the second quarter. Rockland Trust Co. now owns 5,058 shares of the company’s stock valued at $710,000 after acquiring an additional 118 shares in the last quarter. WINTON GROUP Ltd acquired a new stake in shares of Marriott International during the second quarter valued at about $22,390,000. Carroll Financial Associates Inc. grew its stake in shares of Marriott International by 9.6% during the second 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 in the last quarter. Calton & Associates Inc. acquired a new stake in shares of Marriott International during the second quarter valued at about $210,000. Finally, New England Research & Management Inc. acquired a new stake in shares of Marriott International during the second quarter valued at about $203,000. Hedge funds and other institutional investors own 63.97% 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 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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