Traders Buy Shares of Marriott International (MAR) on Weakness

Traders bought shares of Marriott International Inc (NASDAQ:MAR) on weakness during trading on Thursday. $64.30 million flowed into the stock on the tick-up and $28.01 million flowed out of the stock on the tick-down, for a money net flow of $36.29 million into the stock. Of all stocks tracked, Marriott International had the 25th highest net in-flow for the day. Marriott International traded down ($1.52) for the day and closed at $134.41

Several brokerages recently weighed in on MAR. BidaskClub raised Marriott International from a “hold” rating to a “buy” rating in a research note on Friday, April 5th. Morgan Stanley set a $117.00 target price on Marriott International and gave the company a “hold” rating in a report on Thursday, March 28th. Zacks Investment Research raised Marriott International from a “sell” rating to a “hold” rating in a report on Wednesday, March 6th. Barclays upped their target price on Marriott International to $135.00 and gave the company an “equal weight” rating in a report on Tuesday, March 5th. They noted that the move was a valuation call. Finally, Berenberg Bank reaffirmed a “buy” rating and set a $140.00 target price on shares of Marriott International in a report on Tuesday, March 5th. Ten investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Marriott International has an average rating of “Hold” and a consensus price target of $135.29.

The company has a market capitalization of $45.72 billion, a PE ratio of 21.64, a PEG ratio of 2.04 and a beta of 1.21. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 3.83.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings data on Thursday, February 28th. The company reported $1.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.40 by $0.04. Marriott International had a return on equity of 80.36% and a net margin of 8.74%. The firm had revenue of $5.29 billion during the quarter, compared to the consensus estimate of $5.61 billion. During the same period in the prior year, the business earned $1.12 EPS. As a group, sell-side analysts anticipate that Marriott International Inc will post 6.05 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 1st were paid a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date was Thursday, February 28th. Marriott International’s dividend payout ratio (DPR) is presently 26.41%.

In other news, insider William P. Brown sold 11,640 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $121.53, for a total transaction of $1,414,609.20. Following the completion of the sale, the insider now directly owns 5,704 shares of the company’s stock, valued at approximately $693,207.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Arne M. Sorenson sold 63,726 shares of the firm’s stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $124.15, for a total value of $7,911,582.90. Following the sale, the chief executive officer now directly owns 750,500 shares of the company’s stock, valued at $93,174,575. The disclosure for this sale can be found here. Insiders have sold a total of 136,730 shares of company stock valued at $16,924,619 over the last ninety days. Company insiders own 12.99% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. FDx Advisors Inc. acquired a new position in shares of Marriott International during the 4th quarter valued at about $1,351,168,000. Oregon Public Employees Retirement Fund increased its holdings in shares of Marriott International by 9,956.1% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 7,787,660 shares of the company’s stock valued at $72,000 after acquiring an additional 7,710,218 shares during the last quarter. Norges Bank acquired a new position in shares of Marriott International during the 4th quarter valued at about $310,004,000. Morgan Stanley increased its holdings in shares of Marriott International by 117.0% during the 3rd quarter. Morgan Stanley now owns 2,539,940 shares of the company’s stock valued at $335,349,000 after acquiring an additional 1,369,478 shares during the last quarter. Finally, Zimmer Partners LP acquired a new position in shares of Marriott International during the 4th quarter valued at about $51,566,000. 66.83% of the stock is owned by institutional investors.

COPYRIGHT VIOLATION WARNING: This news story was originally published by Community Financial News and is owned by of Community Financial News. If you are accessing this news story on another publication, it was illegally stolen and reposted in violation of United States and international copyright & trademark law. The correct version of this news story can be viewed at https://www.com-unik.info/2019/04/18/traders-buy-shares-of-marriott-international-mar-on-weakness.html.

About Marriott International (NASDAQ:MAR)

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.

Featured Article: What does the Dow Jones Industrial Average (DJIA) measure?

Receive News & Ratings for Marriott International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marriott International and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit