Jefferies Financial Group set a $124.00 price objective on Marriott International (NASDAQ:MAR) in a research report report published on Wednesday morning. The firm currently has a hold rating on the stock. Jefferies Financial Group also issued estimates for Marriott International’s Q4 2018 earnings at $1.39 EPS, FY2018 earnings at $6.15 EPS, Q1 2019 earnings at $1.33 EPS, Q2 2019 earnings at $1.67 EPS, Q3 2019 earnings at $1.67 EPS, Q4 2019 earnings at $1.56 EPS and FY2019 earnings at $6.24 EPS.
A number of other equities research analysts also recently commented on the company. Robert W. Baird set a $133.00 target price on Marriott International and gave the company a hold rating in a report on Friday, October 19th. Zacks Investment Research downgraded Marriott International from a buy rating to a hold rating in a report on Tuesday, October 9th. Morgan Stanley reduced their target price on Marriott International from $143.00 to $138.00 and set an equal weight rating for the company in a report on Wednesday, August 8th. BidaskClub raised Marriott International from a sell rating to a hold rating in a report on Tuesday, October 30th. Finally, Longbow Research started coverage on Marriott International in a report on Friday, September 7th. They issued a buy rating and a $156.00 target price for the company. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the stock. The stock has an average rating of Hold and an average price target of $140.93.
NASDAQ:MAR traded up $0.13 during midday trading on Wednesday, reaching $117.04. The stock had a trading volume of 1,687,452 shares, compared to its average volume of 2,794,245. Marriott International has a 12-month low of $106.96 and a 12-month high of $149.21. The company has a debt-to-equity ratio of 3.75, a current ratio of 0.46 and a quick ratio of 0.48. The firm has a market cap of $39.62 billion, a price-to-earnings ratio of 26.84, a price-to-earnings-growth ratio of 1.66 and a beta of 1.38.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 31st. Stockholders of record on Wednesday, November 21st will be paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 1.40%. The ex-dividend date is Tuesday, November 20th. Marriott International’s dividend payout ratio (DPR) is presently 37.61%.
Large investors have recently added to or reduced their stakes in the company. FMR LLC raised its stake in Marriott International by 2.0% in the 2nd quarter. FMR LLC now owns 15,041,003 shares of the company’s stock valued at $1,904,190,000 after purchasing an additional 295,877 shares during the last quarter. Jennison Associates LLC raised its stake in Marriott International by 0.9% in the 2nd quarter. Jennison Associates LLC now owns 11,347,439 shares of the company’s stock valued at $1,436,586,000 after purchasing an additional 97,194 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in Marriott International by 10.0% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,188,135 shares of the company’s stock valued at $403,617,000 after purchasing an additional 290,784 shares during the last quarter. Janus Henderson Group PLC raised its stake in Marriott International by 43.7% in the 2nd quarter. Janus Henderson Group PLC now owns 2,231,283 shares of the company’s stock valued at $282,481,000 after purchasing an additional 678,714 shares during the last quarter. Finally, Markel Corp raised its stake in Marriott International by 1.1% in the 3rd quarter. Markel Corp now owns 1,531,269 shares of the company’s stock valued at $202,173,000 after purchasing an additional 16,000 shares during the last quarter. 62.03% of the stock is owned by institutional investors and hedge funds.
Marriott International Company Profile
Marriott International, Inc operates, franchises, and licenses hotel, residential, and timeshare properties worldwide. The company operates through three segments: North American Full-Service, North American Limited-Service, and Asia Pacific. It operates its properties under the JW Marriott, The Ritz-Carlton, W Hotels, The Luxury Collection, St.
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