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.
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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