Sanford C. Bernstein initiated coverage on shares of Marriott International (NASDAQ:MAR) in a report released on Wednesday, MarketBeat.com reports. The brokerage set a “market perform” rating and a $136.00 price target on the stock. Sanford C. Bernstein’s target price would suggest a potential upside of 1.03% from the stock’s previous close.
Other analysts have also recently issued research reports about the company. BidaskClub cut Marriott International from a “hold” rating to a “sell” rating in a research report on Wednesday, August 28th. Citigroup increased their target price on Marriott International from $117.00 to $135.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 21st. Deutsche Bank reissued a “hold” rating and set a $123.00 price target on shares of Marriott International in a research note on Wednesday, August 7th. Morgan Stanley raised their price objective on Marriott International from $123.00 to $125.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 7th. Finally, Longbow Research lowered Marriott International from a “buy” rating to a “neutral” rating in a research note on Monday, July 15th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $134.79.
Shares of NASDAQ:MAR traded up $2.11 during midday trading on Wednesday, reaching $134.62. 19,534 shares of the company’s stock traded hands, compared to its average volume of 1,545,213. The company has a market cap of $43.37 billion, a price-to-earnings ratio of 21.65, a P/E/G ratio of 2.95 and a beta of 1.28. The company has a debt-to-equity ratio of 8.93, a quick ratio of 0.51 and a current ratio of 0.51. Marriott International has a one year low of $100.62 and a one year high of $144.24. The stock has a 50 day moving average of $131.01 and a 200 day moving average of $131.63.
In other Marriott International news, insider David Grissen sold 7,662 shares of the business’s stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $133.43, for a total transaction of $1,022,340.66. Following the completion of the sale, the insider now directly owns 64,392 shares in the company, valued at approximately $8,591,824.56. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Bruce W. Duncan sold 3,376 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $132.16, for a total value of $446,172.16. Following the sale, the director now owns 14,600 shares of the company’s stock, valued at $1,929,536. The disclosure for this sale can be found here. In the last 90 days, insiders sold 67,907 shares of company stock valued at $9,131,475. 12.60% of the stock is owned by company insiders.
Large investors have recently bought and sold shares of the business. Meridian Wealth Management LLC purchased a new stake in shares of Marriott International in the second quarter valued at approximately $25,000. Strategy Asset Managers LLC purchased a new stake in shares of Marriott International in the first quarter valued at approximately $29,000. NuWave Investment Management LLC grew its position in shares of Marriott International by 373.9% in the second quarter. NuWave Investment Management LLC now owns 218 shares of the company’s stock valued at $31,000 after purchasing an additional 172 shares in the last quarter. TLW Wealth Management LLC acquired a new position in Marriott International in the second quarter valued at approximately $31,000. Finally, Rational Advisors LLC lifted its holdings in Marriott International by 373.9% in the second quarter. Rational Advisors LLC now owns 218 shares of the company’s stock valued at $31,000 after acquiring an additional 172 shares during the last quarter. Institutional investors own 63.23% of the company’s stock.
About Marriott International
Marriott International, Inc operates, franchises, and licenses hotel, residential, and timeshare properties worldwide. The company operates through North American Full-Service, North American Limited-Service, and Asia Pacific segments. It operates its properties under the JW Marriott, The Ritz-Carlton, Ritz-Carlton Reserve, W Hotels, The Luxury Collection, St.
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