BMO Capital Markets assumed coverage on shares of Marriott International (NASDAQ:MAR) in a research note issued to investors on Wednesday morning, BenzingaRatingsTable reports. The firm issued a market perform rating and a $128.00 price objective on the stock.
A number of other brokerages have also weighed in on MAR. 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. ValuEngine lowered Marriott International from a hold rating to a sell rating in a research note on Thursday, October 10th. Cowen set a $140.00 price objective on Marriott International and gave the company a buy rating in a research note on Wednesday, October 9th. Longbow Research lowered Marriott International from a buy rating to a neutral rating in a research note on Monday, July 15th. Finally, Deutsche Bank restated a hold rating and set a $123.00 price objective on shares of Marriott International in a research note on Wednesday, August 7th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of $132.87.
MAR stock opened at $121.05 on Wednesday. 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 1 year low of $100.62 and a 1 year high of $144.24. The firm has a market cap of $39.71 billion, a P/E ratio of 19.73, a price-to-earnings-growth ratio of 3.03 and a beta of 1.28. The stock has a 50-day simple moving average of $124.85 and a 200-day simple moving average of $131.58.
The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, August 22nd were issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date was Wednesday, August 21st. Marriott International’s dividend payout ratio is presently 30.92%.
In other Marriott International news, Director George Munoz sold 4,866 shares of the stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $133.61, for a total transaction of $650,146.26. Following the transaction, the director now owns 6,754 shares of the company’s stock, valued at approximately $902,401.94. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Bruce W. Duncan sold 3,376 shares of the 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 transaction, the director now directly owns 14,600 shares in the company, valued at approximately $1,929,536. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 23,157 shares of company stock worth $3,008,421. 12.60% of the stock is currently owned by company insiders.
Large investors have recently added to or reduced their stakes in the business. Marshall Wace North America L.P. lifted its stake in Marriott International by 42.1% in the first quarter. Marshall Wace North America L.P. now owns 3,106 shares of the company’s stock worth $389,000 after acquiring an additional 920 shares during the period. Clearbridge Investments LLC lifted its position in shares of Marriott International by 2.2% during the first quarter. Clearbridge Investments LLC now owns 238,002 shares of the company’s stock valued at $29,772,000 after buying an additional 5,233 shares during the last quarter. GYL Financial Synergies LLC purchased a new stake in shares of Marriott International during the first quarter valued at about $347,000. Advisory Services Network LLC lifted its position in shares of Marriott International by 193.0% during the first quarter. Advisory Services Network LLC now owns 1,251 shares of the company’s stock valued at $157,000 after buying an additional 824 shares during the last quarter. Finally, EP Wealth Advisors LLC purchased a new stake in shares of Marriott International during the first quarter valued at about $210,000. 63.22% of the stock is currently owned by institutional investors.
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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