Marriott International Inc (NASDAQ:MAR) Short Interest Update

Marriott International Inc (NASDAQ:MAR) saw a significant increase in short interest during the month of November. As of November 29th, there was short interest totalling 8,000,000 shares, an increase of 5.3% from the November 14th total of 7,600,000 shares. Based on an average daily trading volume, of 1,577,800 shares, the short-interest ratio is currently 5.1 days. Approximately 2.9% of the shares of the stock are short sold.

MAR has been the subject of several analyst reports. Zacks Investment Research raised Marriott International from a “sell” rating to a “hold” rating and set a $152.00 price objective for the company in a research note on Friday. Royal Bank of Canada raised their price objective on Marriott International from $146.00 to $148.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. JPMorgan Chase & Co. lowered their price objective on Marriott International from $134.00 to $128.00 and set a “neutral” rating for the company in a research note on Friday, September 6th. BidaskClub raised Marriott International from a “hold” rating to a “buy” rating in a research note on Friday. Finally, 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. Eleven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Marriott International has a consensus rating of “Hold” and an average price target of $137.29.

In other news, Director Argiris Kyriakidis sold 1,100 shares of the firm’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $134.21, for a total value of $147,631.00. Following the completion of the sale, the director now directly owns 14,108 shares of the company’s stock, valued at approximately $1,893,434.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Arne M. Sorenson sold 47,824 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $142.26, for a total value of $6,803,442.24. Following the completion of the sale, the chief executive officer now directly owns 734,598 shares of the company’s stock, valued at $104,503,911.48. The disclosure for this sale can be found here. Over the last three months, insiders have sold 80,356 shares of company stock valued at $11,364,320. 12.60% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Rational Advisors LLC increased its holdings in Marriott International by 373.9% during the 2nd quarter. Rational Advisors LLC now owns 218 shares of the company’s stock worth $31,000 after purchasing an additional 172 shares during the period. Motco purchased a new position in shares of Marriott International in the 2nd quarter valued at $40,000. Harel Insurance Investments & Financial Services Ltd. increased its holdings in shares of Marriott International by 87.5% in the 3rd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 300 shares of the company’s stock valued at $37,000 after acquiring an additional 140 shares during the period. NuWave Investment Management LLC increased its holdings in shares of Marriott International by 50.5% in the 3rd quarter. NuWave Investment Management LLC now owns 328 shares of the company’s stock valued at $39,000 after acquiring an additional 110 shares during the period. Finally, Oakworth Capital Inc. increased its holdings in shares of Marriott International by 620.0% in the 2nd quarter. Oakworth Capital Inc. now owns 360 shares of the company’s stock valued at $51,000 after acquiring an additional 310 shares during the period. Institutional investors own 60.95% of the company’s stock.

Shares of NASDAQ MAR traded up $1.06 during midday trading on Friday, hitting $146.16. The company’s stock had a trading volume of 1,609,160 shares, compared to its average volume of 1,194,425. 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 business’s 50 day moving average is $135.14 and its two-hundred day moving average is $131.81. Marriott International has a 12-month low of $100.62 and a 12-month high of $146.45. The firm has a market cap of $47.44 billion, a P/E ratio of 23.54, a price-to-earnings-growth ratio of 3.75 and a beta of 1.30.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings results on Monday, November 4th. The company reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.02). Marriott International had a return on equity of 134.91% and a net margin of 6.28%. The business had revenue of $5.28 billion during the quarter, compared to analysts’ expectations of $5.14 billion. During the same quarter in the previous year, the company posted $1.70 earnings per share. The company’s quarterly revenue was up 4.6% compared to the same quarter last year. On average, analysts predict that Marriott International will post 5.9 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Thursday, November 21st will be issued a dividend of $0.48 per share. The ex-dividend date is Wednesday, November 20th. This represents a $1.92 annualized dividend and a yield of 1.31%. Marriott International’s payout ratio is currently 30.92%.

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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