Media coverage about Marriott International (NASDAQ:MAR) has been trending somewhat positive this week, Accern reports. The research firm rates the sentiment of press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Marriott International earned a news sentiment score of 0.07 on Accern’s scale. Accern also gave media coverage about the company an impact score of 45.0662307492807 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the news headlines that may have effected Accern’s analysis:
- Friday Wake-Up Call: Facebook Deals a Blow to Publishers, and Marriott Gets Punished For a Gaffe (adage.com)
- Wells Fargo Commercial Mortgage Trust 2016-C32 — Moody’s Affirms Eight Classes of WFCM 2016-C32 (finance.yahoo.com)
- Investors Recap on Marriott International, Inc. (MAR) – Wall Street Morning (wallstreetmorning.com)
- Investors are Unsure How to React (Brief Analysis) – Marriott International, Inc. (NASDAQ: MAR) – Alpha Beta Stock (alphabetastock.com)
- Basic Trading and Ownership Data for Marriott International, Inc … – Market Movers (financialqz.com)
A number of analysts recently commented on MAR shares. BidaskClub cut shares of Marriott International from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 10th. Royal Bank of Canada reiterated a “buy” rating on shares of Marriott International in a research note on Tuesday, November 7th. Zacks Investment Research upgraded shares of Marriott International from a “hold” rating to a “buy” rating and set a $130.00 target price for the company in a research note on Thursday, October 26th. Morgan Stanley reiterated a “buy” rating on shares of Marriott International in a research note on Friday, December 8th. Finally, Barclays lifted their target price on shares of Marriott International from $105.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 28th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $112.62.
Marriott International (NASDAQ:MAR) last announced its quarterly earnings data on Tuesday, November 7th. The company reported $1.10 EPS for the quarter, beating the consensus estimate of $0.98 by $0.12. Marriott International had a net margin of 6.30% and a return on equity of 31.58%. The business had revenue of $5.66 billion during the quarter, compared to analysts’ expectations of $5.22 billion. During the same period in the previous year, the business posted $0.91 EPS. The business’s quarterly revenue was up 43.7% compared to the same quarter last year. sell-side analysts forecast that Marriott International will post 4.24 earnings per share for the current fiscal year.
Marriott International announced that its Board of Directors has approved a stock repurchase plan on Thursday, November 9th that allows the company to buyback 30,000,000 shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Wednesday, November 22nd were paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 0.94%. The ex-dividend date was Tuesday, November 21st. Marriott International’s payout ratio is 35.87%.
In related news, insider Deborah Marriott Harrison sold 130,000 shares of the business’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $119.17, for a total value of $15,492,100.00. Following the completion of the transaction, the insider now directly owns 114,155 shares in the company, valued at approximately $13,603,851.35. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Bruce W. Duncan sold 1,808 shares of the business’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $129.70, for a total transaction of $234,497.60. Following the completion of the transaction, the director now owns 40,008 shares of the company’s stock, valued at $5,189,037.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 221,825 shares of company stock valued at $27,378,820. Company insiders own 11.32% of the company’s stock.
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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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