Marriott International (NASDAQ:MAR) had its target price lowered by Wells Fargo & Co from $135.00 to $130.00 in a research report report published on Friday, BenzingaRatingsTable reports. The firm currently has a market perform rating on the stock.
MAR has been the topic of a number of other reports. JPMorgan Chase & Co. reduced their price target on shares of Marriott International from $134.00 to $128.00 and set a neutral rating on the stock in a research report on Friday, September 6th. Longbow Research lowered shares of Marriott International from a buy rating to a neutral rating in a report on Monday, July 15th. Deutsche Bank reiterated a hold rating and issued a $123.00 target price on shares of Marriott International in a research note on Wednesday, August 7th. Royal Bank of Canada lifted their target price on shares of Marriott International from $146.00 to $148.00 and gave the company an outperform rating in a research note on Monday, September 16th. Finally, Sanford C. Bernstein initiated coverage on Marriott International in a research note on Wednesday, September 11th. They issued a market perform rating and a $136.00 target price for the company. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have given a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of $132.87.
MAR opened at $123.00 on Friday. The business has a 50 day moving average of $124.58 and a 200-day moving average of $131.49. The stock has a market capitalization of $39.87 billion, a price-to-earnings ratio of 19.81, a P/E/G ratio of 3.04 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. Marriott International has a 1-year low of $100.62 and a 1-year 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. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $1.92 annualized dividend and a dividend yield of 1.56%. Marriott International’s dividend payout ratio is currently 30.92%.
In other news, insider Craig S. Smith sold 14,915 shares of the business’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $128.20, for a total value of $1,912,103.00. Following the sale, the insider now owns 18,062 shares of the company’s stock, valued at $2,315,548.40. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Bruce W. Duncan sold 3,376 shares of the business’s stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $132.16, for a total transaction of $446,172.16. Following the completion of the sale, 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. Insiders have sold 23,157 shares of company stock valued at $3,008,421 over the last ninety days. 12.60% of the stock is owned by insiders.
Hedge funds have recently modified their holdings of the business. Weaver Consulting Group acquired a new stake in Marriott International in the first quarter valued at $55,000. Aperio Group LLC increased its stake in shares of Marriott International by 0.8% during the 2nd quarter. Aperio Group LLC now owns 224,463 shares of the company’s stock worth $31,490,000 after purchasing an additional 1,731 shares during the last quarter. BB&T Corp raised its holdings in shares of Marriott International by 11.8% in the 2nd quarter. BB&T Corp now owns 9,489 shares of the company’s stock valued at $1,332,000 after purchasing an additional 1,001 shares during the period. AQR Capital Management LLC raised its holdings in shares of Marriott International by 618.3% in the 2nd quarter. AQR Capital Management LLC now owns 27,599 shares of the company’s stock valued at $3,872,000 after purchasing an additional 23,757 shares during the period. Finally, Hancock Whitney Corp lifted its stake in Marriott International by 18.6% in the 2nd quarter. Hancock Whitney Corp now owns 2,944 shares of the company’s stock valued at $413,000 after purchasing an additional 461 shares during the last quarter. Hedge funds and other institutional investors 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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