Marriott International’s (MAR) “Hold” Rating Reiterated at SunTrust Banks
Other equities analysts have also recently issued research reports about the company. BidaskClub cut Marriott International from a strong-buy rating to a buy rating in a report on Friday, June 22nd. Zacks Investment Research upgraded shares of Marriott International from a hold rating to a buy rating and set a $156.00 price objective for the company in a research note on Tuesday, May 15th. Morgan Stanley downgraded shares of Marriott International from an overweight rating to an equal rating and set a $129.00 price objective for the company. in a research note on Tuesday, July 24th. Barclays reduced their price objective on shares of Marriott International from $148.00 to $141.00 and set an equal weight rating for the company in a research note on Wednesday. Finally, Deutsche Bank reiterated a hold rating and issued a $141.00 target price on shares of Marriott International in a research note on Thursday, May 10th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of Hold and an average price target of $139.54.
Shares of MAR traded down $0.63 during trading hours on Thursday, reaching $120.16. The stock had a trading volume of 2,307,140 shares, compared to its average volume of 2,098,349. The stock has a market cap of $41.91 billion, a P/E ratio of 27.56, a P/E/G ratio of 1.81 and a beta of 1.37. The company has a quick ratio of 0.49, a current ratio of 0.48 and a debt-to-equity ratio of 2.95. Marriott International has a 52 week low of $96.90 and a 52 week high of $149.21.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Thursday, August 23rd will be given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 1.36%. Marriott International’s dividend payout ratio (DPR) is presently 37.61%.
In related news, Director Frederick A. Henderson acquired 1,640 shares of the business’s stock in a transaction on Thursday, August 9th. The stock was purchased at an average cost of $120.84 per share, for a total transaction of $198,177.60. Following the completion of the transaction, the director now directly owns 1,640 shares of the company’s stock, valued at approximately $198,177.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Mary K. Bush sold 2,184 shares of the firm’s stock in a transaction that occurred on Tuesday, May 15th. The stock was sold at an average price of $138.84, for a total transaction of $303,226.56. Following the sale, the director now owns 275 shares of the company’s stock, valued at $38,181. The disclosure for this sale can be found here. Insiders have sold 18,559 shares of company stock valued at $2,613,773 over the last 90 days. Company insiders own 12.99% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Sun Life Financial INC grew its stake in shares of Marriott International by 331.6% during the second quarter. Sun Life Financial INC now owns 807 shares of the company’s stock worth $102,000 after buying an additional 620 shares during the last quarter. Signaturefd LLC bought a new stake in shares of Marriott International during the first quarter worth $133,000. Tortoise Investment Management LLC bought a new stake in shares of Marriott International during the second quarter worth $155,000. Quad Capital Management Advisors LLC bought a new stake in shares of Marriott International during the first quarter worth $208,000. Finally, Newport Wealth Strategies Inc. bought a new stake in shares of Marriott International during the second quarter worth $213,000. 63.92% 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 three segments: North American Full-Service, North American Limited-Service, and Asia Pacific. It operates its properties under the JW Marriott, The Ritz-Carlton, W Hotels, The Luxury Collection, St.
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