JPMorgan Chase & Co. reissued their overweight rating on shares of Marriott International Inc (NASDAQ:MAR) in a research note issued to investors on Friday. JPMorgan Chase & Co. currently has a $111.00 price target on the stock.
MAR has been the topic of several other research reports. Barclays PLC restated a hold rating and issued a $89.00 price target on shares of Marriott International in a research report on Tuesday, February 14th. Goldman Sachs Group Inc upgraded shares of Marriott International from a buy rating to a conviction-buy rating and boosted their price target for the stock from $87.00 to $102.00 in a research report on Thursday, January 19th. Zacks Investment Research upgraded shares of Marriott International from a sell rating to a hold rating in a research report on Wednesday, March 15th. Canaccord Genuity restated a buy rating and issued a $100.00 price target on shares of Marriott International in a research report on Friday, February 24th. Finally, Instinet boosted their price target on shares of Marriott International from $98.00 to $100.00 and gave the stock a buy rating in a research report on Tuesday, February 21st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the stock. The company presently has an average rating of Buy and an average price target of $95.32.
Marriott International (NASDAQ:MAR) opened at 102.11 on Friday. Marriott International has a 12-month low of $60.87 and a 12-month high of $104.52. The company’s 50 day moving average is $95.59 and its 200 day moving average is $86.44. The company has a market cap of $38.69 billion, a price-to-earnings ratio of 36.17 and a beta of 1.22.
Marriott International (NASDAQ:MAR) last announced its quarterly earnings results on Monday, May 8th. The company reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.11. Marriott International had a net margin of 4.82% and a negative return on equity of 76.10%. The company had revenue of $5.56 billion for the quarter, compared to analysts’ expectations of $5.28 billion. During the same quarter in the previous year, the business posted $0.87 earnings per share. Marriott International’s quarterly revenue was up 47.4% on a year-over-year basis. Analysts forecast that Marriott International will post $4.04 earnings per share for the current fiscal year.
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The business also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Friday, May 19th will be issued a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, May 17th. This is a boost from Marriott International’s previous quarterly dividend of $0.30. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.29%. Marriott International’s dividend payout ratio is presently 42.25%.
In other news, Director George Munoz sold 5,894 shares of the company’s stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $103.95, for a total value of $612,681.30. Following the transaction, the director now directly owns 7,659 shares in the company, valued at $796,153.05. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider David S. Marriott sold 19,500 shares of the company’s stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $103.26, for a total transaction of $2,013,570.00. Following the completion of the transaction, the insider now owns 638,636 shares in the company, valued at $65,945,553.36. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 194,423 shares of company stock worth $17,916,593. Company insiders own 17.07% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Glassman Wealth Services boosted its position in Marriott International by 0.3% in the fourth quarter. Glassman Wealth Services now owns 1,570 shares of the company’s stock worth $130,000 after buying an additional 5 shares during the last quarter. Gradient Investments LLC boosted its position in Marriott International by 0.4% in the first quarter. Gradient Investments LLC now owns 2,005 shares of the company’s stock worth $189,000 after buying an additional 7 shares during the last quarter. First Allied Advisory Services Inc. boosted its position in Marriott International by 0.7% in the fourth quarter. First Allied Advisory Services Inc. now owns 4,457 shares of the company’s stock worth $369,000 after buying an additional 29 shares during the last quarter. Cleararc Capital Inc. boosted its position in Marriott International by 0.4% in the fourth quarter. Cleararc Capital Inc. now owns 7,897 shares of the company’s stock worth $653,000 after buying an additional 34 shares during the last quarter. Finally, Geneva Advisors LLC boosted its position in Marriott International by 1.3% in the first quarter. Geneva Advisors LLC now owns 2,893 shares of the company’s stock worth $272,000 after buying an additional 38 shares during the last quarter. Hedge funds and other institutional investors own 64.62% 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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