Marriott International Inc (NASDAQ:MAR) Director Susan C. Schwab acquired 250 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The shares were acquired at an average price of $141.47 per share, for a total transaction of $35,367.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Marriott International Inc (MAR) traded up $1.57 during trading hours on Friday, reaching $142.17. The company’s stock had a trading volume of 1,329,496 shares, compared to its average volume of 2,432,162. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 2.10. Marriott International Inc has a one year low of $85.63 and a one year high of $149.21. The stock has a market capitalization of $50,255.69, a price-to-earnings ratio of 39.49, a PEG ratio of 2.51 and a beta of 1.35.
Marriott International (NASDAQ:MAR) last released its quarterly earnings data on Wednesday, February 14th. The company reported $1.12 EPS for the quarter, beating the consensus estimate of $1.00 by $0.12. Marriott International had a return on equity of 36.15% and a net margin of 5.99%. The company had revenue of $5.88 billion for the quarter, compared to analyst estimates of $5.61 billion. During the same period last year, the company posted $0.85 earnings per share. The firm’s revenue was up 7.7% compared to the same quarter last year. research analysts predict that Marriott International Inc will post 5.31 EPS for the current fiscal year.
Marriott International declared that its board has approved a stock repurchase plan on Thursday, November 9th that authorizes the company to repurchase 30,000,000 outstanding shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, February 23rd will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 0.93%. The ex-dividend date is Thursday, February 22nd. Marriott International’s dividend payout ratio (DPR) is presently 36.67%.
A number of large investors have recently added to or reduced their stakes in MAR. Valeo Financial Advisors LLC increased its position in shares of Marriott International by 367.1% during the fourth quarter. Valeo Financial Advisors LLC now owns 738 shares of the company’s stock worth $100,000 after acquiring an additional 580 shares during the last quarter. Wolverine Asset Management LLC purchased a new stake in shares of Marriott International during the fourth quarter worth about $128,000. Advisory Services Network LLC increased its position in shares of Marriott International by 1,490.1% during the second quarter. Advisory Services Network LLC now owns 1,129 shares of the company’s stock worth $113,000 after acquiring an additional 1,058 shares during the last quarter. Grove Bank & Trust increased its position in shares of Marriott International by 214.8% during the third quarter. Grove Bank & Trust now owns 1,231 shares of the company’s stock worth $136,000 after acquiring an additional 840 shares during the last quarter. Finally, First Quadrant L P CA purchased a new stake in shares of Marriott International during the third quarter worth about $136,000. 66.19% of the stock is currently owned by institutional investors.
Several research analysts recently weighed in on MAR shares. Deutsche Bank increased their target price on Marriott International from $136.00 to $141.00 and gave the stock a “hold” rating in a research report on Friday, February 16th. Barclays increased their target price on Marriott International from $105.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 28th. Susquehanna Bancshares reaffirmed a “positive” rating and issued a $161.00 target price (up from $145.00) on shares of Marriott International in a research report on Tuesday, February 13th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $115.00 target price (up from $98.00) on shares of Marriott International in a research report on Wednesday, November 8th. Finally, BidaskClub lowered Marriott International from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 10th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Marriott International presently has an average rating of “Buy” and an average target price of $122.38.
About Marriott International
Marriott International, Inc (Marriott International) is a lodging company. Marriott International operates in three business segments: North American Full-Service, North American Limited-Service and International. Its North American Full-Service segment includes its Luxury and Premium brands (JW Marriott, Marriott Hotels, Sheraton, Westin, Renaissance Hotels, Le Meridien, Autograph Collection Hotels, Delta Hotels, Gaylord Hotels, and Tribute Portfolio) located in the United States and Canada.
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