Shares of Marriott International Inc (NASDAQ:MAR) have been assigned an average recommendation of “Hold” from the seventeen research firms that are covering the company, Marketbeat Ratings reports. Twelve investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $136.15.
Several research analysts have recently commented on MAR shares. Sanford C. Bernstein started coverage on Marriott International in a research report on Wednesday, September 11th. They issued a “market perform” rating and a $136.00 price target for the company. BMO Capital Markets reissued a “hold” rating and issued a $128.00 price target on shares of Marriott International in a research report on Wednesday, November 6th. JPMorgan Chase & Co. reduced their price target on Marriott International from $134.00 to $128.00 and set a “neutral” rating for the company in a research report on Friday, September 6th. Cowen set a $140.00 price target on Marriott International and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Finally, Royal Bank of Canada boosted their price target on Marriott International from $146.00 to $148.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th.
Shares of MAR stock opened at $140.57 on Wednesday. Marriott International has a twelve month low of $100.62 and a twelve month high of $144.24. The stock has a market capitalization of $46.52 billion, a price-to-earnings ratio of 22.64, a P/E/G ratio of 3.68 and a beta of 1.29. The stock has a fifty day simple moving average of $133.83 and a two-hundred day simple moving average of $131.51. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 13.63.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Thursday, November 21st will be given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 1.37%. The ex-dividend date of this dividend is Wednesday, November 20th. Marriott International’s dividend payout ratio is currently 30.92%.
In related news, Director Argiris Kyriakidis sold 1,100 shares of the company’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $134.21, for a total transaction of $147,631.00. Following the transaction, the director now directly owns 14,108 shares of the company’s stock, valued at approximately $1,893,434.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director George Munoz sold 4,866 shares of the company’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $133.61, for a total value of $650,146.26. Following the transaction, the director now directly owns 6,754 shares in the company, valued at $902,401.94. The disclosure for this sale can be found here. Insiders have sold a total of 31,266 shares of company stock worth $4,343,737 over the last ninety days. 12.60% of the stock is currently owned by corporate insiders.
A number of large investors have recently made changes to their positions in the stock. Man Group plc increased its position in Marriott International by 43.1% during the 3rd quarter. Man Group plc now owns 142,502 shares of the company’s stock valued at $17,723,000 after buying an additional 42,901 shares in the last quarter. Squarepoint Ops LLC purchased a new stake in Marriott International during the 3rd quarter valued at about $33,043,000. Voloridge Investment Management LLC purchased a new stake in Marriott International during the 3rd quarter valued at about $3,896,000. Bank of Hawaii grew its stake in Marriott International by 18.8% during the 3rd quarter. Bank of Hawaii now owns 1,973 shares of the company’s stock valued at $245,000 after purchasing an additional 312 shares during the last quarter. Finally, National Pension Service grew its stake in Marriott International by 5.0% during the 3rd quarter. National Pension Service now owns 378,276 shares of the company’s stock valued at $47,046,000 after purchasing an additional 18,098 shares during the last quarter. 60.95% 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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