BMO Capital Markets initiated coverage on shares of Marriott International (NASDAQ:MAR) in a research report released on Wednesday, BenzingaRatingsTable reports. The brokerage issued a market perform rating and a $128.00 price objective on the stock.
Several other equities analysts have also recently issued reports on MAR. Sanford C. Bernstein initiated coverage on shares of 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. ValuEngine cut shares of Marriott International from a hold rating to a sell rating in a research report on Thursday, October 10th. Morgan Stanley upped their price target on shares of Marriott International from $123.00 to $125.00 and gave the company an equal weight rating in a research report on Wednesday, August 7th. BidaskClub cut shares of Marriott International from a sell rating to a strong sell rating in a research report on Friday, September 27th. Finally, Deutsche Bank restated a hold rating and issued a $123.00 price target on shares of Marriott International in a research report on Wednesday, August 7th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of $133.60.
NASDAQ:MAR traded down $0.43 on Wednesday, hitting $120.66. The company had a trading volume of 35,323 shares, compared to its average volume of 2,062,680. The stock has a market capitalization of $39.56 billion, a price-to-earnings ratio of 19.44, a PEG ratio of 3.02 and a beta of 1.28. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 8.93. The firm has a 50 day moving average of $125.04 and a two-hundred day moving average of $131.62. Marriott International has a 52 week low of $100.62 and a 52 week high of $144.24.
The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, August 22nd were given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 1.59%. The ex-dividend date of this dividend was Wednesday, August 21st. Marriott International’s dividend payout ratio (DPR) is presently 30.92%.
In other Marriott International news, Director Bruce W. Duncan sold 3,376 shares of the firm’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $132.16, for a total value of $446,172.16. Following the completion of the sale, the director now directly owns 14,600 shares in the company, valued at $1,929,536. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Craig S. Smith sold 14,915 shares of the firm’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $128.20, for a total transaction of $1,912,103.00. Following the completion of the sale, the insider now owns 18,062 shares of the company’s stock, valued at $2,315,548.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 23,157 shares of company stock valued at $3,008,421. 12.60% of the stock is currently owned by corporate insiders.
A number of large investors have recently bought and sold shares of the business. Nisa Investment Advisors LLC grew its holdings in Marriott International by 0.7% in the third quarter. Nisa Investment Advisors LLC now owns 99,711 shares of the company’s stock worth $12,401,000 after purchasing an additional 700 shares during the period. Commerzbank Aktiengesellschaft FI grew its holdings in Marriott International by 2.4% in the third quarter. Commerzbank Aktiengesellschaft FI now owns 43,531 shares of the company’s stock worth $5,414,000 after purchasing an additional 1,040 shares during the period. Meeder Asset Management Inc. grew its holdings in Marriott International by 17.0% in the third quarter. Meeder Asset Management Inc. now owns 1,028 shares of the company’s stock worth $128,000 after purchasing an additional 149 shares during the period. West Coast Financial LLC grew its holdings in Marriott International by 2.2% in the third quarter. West Coast Financial LLC now owns 61,225 shares of the company’s stock worth $7,615,000 after purchasing an additional 1,344 shares during the period. Finally, Advisor Partners LLC grew its holdings in Marriott International by 6.0% in the third quarter. Advisor Partners LLC now owns 8,981 shares of the company’s stock worth $1,117,000 after purchasing an additional 507 shares during the period. Institutional investors and hedge funds own 63.22% of the company’s stock.
Marriott International Company Profile
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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