Marriott International, Inc. (NASDAQ:MAR – Get Rating) announced a quarterly dividend on Thursday, August 4th, Zacks reports. Shareholders of record on Thursday, August 18th will be given a dividend of 0.30 per share on Friday, September 30th. This represents a $1.20 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date is Wednesday, August 17th.
Marriott International has a payout ratio of 16.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect Marriott International to earn $7.62 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 15.7%.
Marriott International Stock Performance
NASDAQ:MAR traded down $1.98 during trading hours on Friday, reaching $157.01. The stock had a trading volume of 2,146,103 shares, compared to its average volume of 2,049,842. Marriott International has a 12-month low of $127.58 and a 12-month high of $195.90. The stock has a 50 day simple moving average of $151.40 and a 200 day simple moving average of $162.78. The company has a debt-to-equity ratio of 4.64, a quick ratio of 0.53 and a current ratio of 0.45. The stock has a market cap of $50.96 billion, a P/E ratio of 29.68, a price-to-earnings-growth ratio of 0.58 and a beta of 1.62.
Insider Transactions at Marriott International
In other news, Director Debra L. Lee sold 2,145 shares of Marriott International stock in a transaction dated Tuesday, May 31st. The stock was sold at an average price of $171.30, for a total value of $367,438.50. Following the transaction, the director now owns 1,224 shares in the company, valued at $209,671.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 12.21% of the company’s stock.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of MAR. MUFG Securities EMEA plc bought a new stake in Marriott International during the 1st quarter valued at approximately $97,000. Covestor Ltd boosted its position in Marriott International by 625.7% during the 1st quarter. Covestor Ltd now owns 820 shares of the company’s stock valued at $144,000 after acquiring an additional 707 shares in the last quarter. Jaffetilchin Investment Partners LLC bought a new stake in Marriott International during the 1st quarter valued at approximately $201,000. XTX Topco Ltd bought a new stake in Marriott International during the 1st quarter valued at approximately $258,000. Finally, Echo Street Capital Management LLC bought a new stake in Marriott International during the 1st quarter valued at approximately $285,000. Hedge funds and other institutional investors own 59.86% of the company’s stock.
Analyst Ratings Changes
A number of equities analysts have recently commented on the company. Evercore ISI raised Marriott International from an “in-line” rating to an “outperform” rating and cut their price target for the stock from $180.00 to $165.00 in a report on Monday, July 11th. TheStreet lowered Marriott International from a “b-” rating to a “c+” rating in a research note on Thursday, June 30th. Deutsche Bank Aktiengesellschaft dropped their price objective on Marriott International from $164.00 to $155.00 in a research note on Wednesday. Barclays lifted their price objective on Marriott International from $164.00 to $170.00 in a research note on Wednesday. Finally, Cowen dropped their price objective on Marriott International to $170.00 in a research note on Friday, July 22nd. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Marriott International currently has a consensus rating of “Hold” and an average target price of $175.83.
About Marriott International
Marriott International, Inc operates, franchises, and licenses hotel, residential, and timeshare properties worldwide. The company operates through U.S. and Canada, and International 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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