Marriott International Inc (NASDAQ:MAR) was the target of a large decline in short interest in the month of October. As of October 15th, there was short interest totalling 6,534,458 shares, a decline of 17.6% from the September 28th total of 7,928,362 shares. Currently, 2.3% of the company’s shares are short sold. Based on an average trading volume of 2,180,316 shares, the short-interest ratio is currently 3.0 days.
A number of equities research analysts have recently issued reports on MAR shares. Zacks Investment Research downgraded shares of Marriott International from a “buy” rating to a “hold” rating in a research note on Tuesday, October 9th. BidaskClub raised shares of Marriott International from a “sell” rating to a “hold” rating in a research note on Tuesday, September 11th. Jefferies Financial Group restated a “hold” rating and issued a $134.00 price objective on shares of Marriott International in a report on Wednesday, August 8th. Morgan Stanley cut shares of Marriott International from an “overweight” rating to an “equal” rating and set a $129.00 price objective for the company. in a report on Tuesday, July 24th. Finally, SunTrust Banks restated a “hold” rating and issued a $136.00 price objective on shares of Marriott International in a report on Thursday, August 9th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $144.23.
Shares of MAR stock opened at $112.73 on Friday. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 2.95. Marriott International has a fifty-two week low of $106.96 and a fifty-two week high of $149.21. The company has a market capitalization of $38.70 billion, a P/E ratio of 25.86, a price-to-earnings-growth ratio of 1.66 and a beta of 1.33.
The company also recently declared a quarterly dividend, which was paid on Friday, September 28th. Shareholders of record on Thursday, August 23rd were issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 1.45%. The ex-dividend date was Wednesday, August 22nd. Marriott International’s dividend payout ratio (DPR) is presently 37.61%.
In related news, Director Frederick A. Henderson purchased 1,640 shares of Marriott International stock in a transaction dated Thursday, August 9th. The shares were acquired at an average cost of $120.84 per share, with a total value of $198,177.60. Following the purchase, the director now owns 1,640 shares of the company’s stock, valued at $198,177.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 12.99% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of MAR. Summit Trail Advisors LLC grew its holdings in Marriott International by 46.4% during the 1st quarter. Summit Trail Advisors LLC now owns 3,937 shares of the company’s stock worth $262,000 after acquiring an additional 1,248 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Marriott International during the 1st quarter worth approximately $536,000. Brown Advisory Inc. grew its holdings in Marriott International by 43.8% during the 1st quarter. Brown Advisory Inc. now owns 216,815 shares of the company’s stock worth $29,482,000 after acquiring an additional 66,053 shares in the last quarter. DnB Asset Management AS grew its holdings in Marriott International by 3.7% during the 2nd quarter. DnB Asset Management AS now owns 38,963 shares of the company’s stock worth $4,933,000 after acquiring an additional 1,400 shares in the last quarter. Finally, Abner Herrman & Brock LLC grew its holdings in Marriott International by 0.3% during the 2nd quarter. Abner Herrman & Brock LLC now owns 170,387 shares of the company’s stock worth $21,571,000 after acquiring an additional 526 shares in the last quarter. Institutional investors own 61.81% 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 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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