Marriott International’s (MAR) Hold Rating Reaffirmed at Deutsche Bank

Deutsche Bank reissued their hold rating on shares of Marriott International (NASDAQ:MAR) in a report released on Wednesday, AnalystRatings.com reports. They currently have a $123.00 price target on the stock.

Several other equities research analysts have also weighed in on MAR. Sanford C. Bernstein assumed coverage on Marriott International in a research report on Wednesday, September 11th. They issued a market perform rating and a $136.00 target price on the stock. JPMorgan Chase & Co. lowered their price target on Marriott International from $134.00 to $128.00 and set a neutral rating on the stock in a report on Friday, September 6th. BMO Capital Markets reissued a hold rating and set a $128.00 price target on shares of Marriott International in a report on Wednesday. Royal Bank of Canada raised their price target on Marriott International from $146.00 to $148.00 and gave the company an outperform rating in a report on Monday, September 16th. Finally, Longbow Research lowered Marriott International from a buy rating to a neutral rating in a report on Monday, July 15th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of Hold and an average target price of $135.50.

MAR traded up $0.14 during trading on Wednesday, hitting $133.20. The stock had a trading volume of 1,020,300 shares, compared to its average volume of 1,785,499. The company’s 50-day moving average price is $123.92 and its 200 day moving average price is $130.93. Marriott International has a twelve month low of $100.62 and a twelve month high of $144.24. The firm has a market capitalization of $44.03 billion, a P/E ratio of 21.45, a PEG ratio of 3.42 and a beta of 1.27. 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 (NASDAQ:MAR) last issued its earnings results on Monday, November 4th. The company reported $1.47 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.49 by ($0.02). Marriott International had a return on equity of 117.92% and a net margin of 6.28%. The company had revenue of $5.28 billion during the quarter, compared to analyst estimates of $5.14 billion. During the same period in the prior year, the business earned $1.70 earnings per share. Marriott International’s quarterly revenue was up 4.6% on a year-over-year basis. As a group, equities analysts expect that Marriott International will post 5.9 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Thursday, November 21st will be issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 1.44%. Marriott International’s payout ratio is currently 30.92%.

In related news, insider Craig S. Smith sold 14,915 shares of the stock in a transaction on Friday, August 16th. The stock was sold at an average price of $128.20, for a total value of $1,912,103.00. Following the completion of the transaction, the insider now owns 18,062 shares in the company, valued at approximately $2,315,548.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director George Munoz sold 4,866 shares of the stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $133.61, for a total value of $650,146.26. Following the completion of the transaction, the director now owns 6,754 shares of the company’s stock, valued at approximately $902,401.94. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 23,157 shares of company stock worth $3,008,421. 12.60% of the stock is owned by corporate insiders.

Several large investors have recently added to or reduced their stakes in the stock. Cetera Investment Advisers boosted its position in Marriott International by 11.8% during the 3rd quarter. Cetera Investment Advisers now owns 3,891 shares of the company’s stock worth $482,000 after acquiring an additional 410 shares during the period. Cetera Advisor Networks LLC boosted its position in Marriott International by 4.1% during the 3rd quarter. Cetera Advisor Networks LLC now owns 12,378 shares of the company’s stock worth $1,539,000 after acquiring an additional 493 shares during the period. Trillium Asset Management LLC boosted its position in Marriott International by 2.2% during the 3rd quarter. Trillium Asset Management LLC now owns 29,708 shares of the company’s stock worth $3,695,000 after acquiring an additional 640 shares during the period. Rational Advisors LLC boosted its position in Marriott International by 90.4% during the 3rd quarter. Rational Advisors LLC now owns 415 shares of the company’s stock worth $52,000 after acquiring an additional 197 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. boosted its position in Marriott International by 87.5% during the 3rd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 300 shares of the company’s stock worth $37,000 after acquiring an additional 140 shares during the period. Institutional investors and hedge funds own 63.31% 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.

See Also: Capital Gains Distribution

Analyst Recommendations for Marriott International (NASDAQ:MAR)

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