Marriott International (MAR) Receives “Hold” Rating from Stifel Nicolaus

Stifel Nicolaus reiterated their hold rating on shares of Marriott International (NASDAQ:MAR) in a research note published on Tuesday. The firm currently has a $132.00 target price on the stock.

Other analysts have also recently issued research reports about the company. BidaskClub cut Marriott International from a strong-buy rating to a buy rating in a research note on Thursday, October 5th. Royal Bank of Canada restated a buy rating on shares of Marriott International in a research note on Tuesday, November 7th. Zacks Investment Research upgraded Marriott International from a hold rating to a buy rating and set a $130.00 price objective on the stock in a research note on Thursday, October 26th. Morgan Stanley restated a buy rating on shares of Marriott International in a research note on Friday, December 8th. Finally, Barclays upped their price objective on Marriott International from $105.00 to $130.00 and gave the company an equal weight rating in a research note on Tuesday, November 28th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. Marriott International currently has an average rating of Buy and a consensus price target of $112.62.

Shares of Marriott International (NASDAQ MAR) traded down $0.01 during midday trading on Tuesday, reaching $137.70. The company’s stock had a trading volume of 1,116,284 shares, compared to its average volume of 2,480,000. Marriott International has a 12-month low of $81.04 and a 12-month high of $138.30. The firm has a market capitalization of $50,200.00, a PE ratio of 37.42, a P/E/G ratio of 2.98 and a beta of 1.35. The company has a debt-to-equity ratio of 1.83, a current ratio of 0.52 and a quick ratio of 0.52.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings data on Tuesday, November 7th. The company reported $1.10 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.98 by $0.12. Marriott International had a return on equity of 31.58% and a net margin of 6.30%. The firm had revenue of $5.66 billion for the quarter, compared to analysts’ expectations of $5.22 billion. During the same quarter in the prior year, the firm posted $0.91 earnings per share. Marriott International’s revenue for the quarter was up 43.7% compared to the same quarter last year. research analysts anticipate that Marriott International will post 4.24 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Wednesday, November 22nd were given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date was Tuesday, November 21st. Marriott International’s payout ratio is 35.87%.

Marriott International announced that its Board of Directors has authorized a share repurchase program on Thursday, November 9th that authorizes the company to buyback 30,000,000 outstanding shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its shares are undervalued.

In other news, EVP Anthony Capuano sold 19,510 shares of the stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $133.51, for a total transaction of $2,604,780.10. Following the sale, the executive vice president now directly owns 23,159 shares in the company, valued at approximately $3,091,958.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Deborah Marriott Harrison sold 130,000 shares of the stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $119.17, for a total value of $15,492,100.00. Following the sale, the insider now owns 114,155 shares in the company, valued at $13,603,851.35. The disclosure for this sale can be found here. Insiders have sold a total of 221,825 shares of company stock worth $27,378,820 over the last quarter. Insiders own 11.32% of the company’s stock.

A number of hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in Marriott International by 1.7% in the 2nd quarter. Vanguard Group Inc. now owns 19,999,062 shares of the company’s stock worth $2,006,106,000 after buying an additional 331,586 shares in the last quarter. FMR LLC grew its holdings in Marriott International by 32.5% in the 2nd quarter. FMR LLC now owns 15,406,182 shares of the company’s stock worth $1,545,394,000 after buying an additional 3,780,639 shares in the last quarter. Capital Research Global Investors grew its holdings in Marriott International by 7.2% in the 2nd quarter. Capital Research Global Investors now owns 12,763,000 shares of the company’s stock worth $1,280,257,000 after buying an additional 862,710 shares in the last quarter. Westfield Capital Management Co. LP grew its holdings in Marriott International by 11.1% in the 3rd quarter. Westfield Capital Management Co. LP now owns 1,681,372 shares of the company’s stock worth $185,388,000 after buying an additional 167,692 shares in the last quarter. Finally, Janus Henderson Group PLC grew its holdings in Marriott International by 88.6% in the 3rd quarter. Janus Henderson Group PLC now owns 1,673,540 shares of the company’s stock worth $184,524,000 after buying an additional 786,050 shares in the last quarter. 66.65% of the stock is owned by institutional investors and hedge funds.

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About Marriott International

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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