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.
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.
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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.
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