Marriott International Inc (NASDAQ:MAR) – Investment analysts at Jefferies Financial Group upped their Q2 2019 EPS estimates for Marriott International in a note issued to investors on Wednesday, November 7th. Jefferies Financial Group analyst D. Katz now expects that the company will earn $1.67 per share for the quarter, up from their prior forecast of $1.58. Jefferies Financial Group currently has a “Hold” rating and a $124.00 target price on the stock. Jefferies Financial Group also issued estimates for Marriott International’s Q3 2019 earnings at $1.67 EPS and FY2019 earnings at $6.24 EPS.
Other research analysts have also issued reports about the stock. Longbow Research started coverage on shares of Marriott International in a report on Friday, September 7th. They set a “buy” rating and a $156.00 price objective on the stock. Zacks Investment Research upgraded shares of Marriott International from a “hold” rating to a “buy” rating and set a $135.00 price objective on the stock in a report on Tuesday, August 14th. Raymond James cut their price objective on shares of Marriott International from $140.00 to $137.00 and set a “buy” rating on the stock in a report on Thursday. Morgan Stanley lowered shares of Marriott International from an “overweight” rating to an “equal” rating and set a $129.00 price objective on the stock. in a report on Tuesday, July 24th. Finally, Barclays cut their price objective on shares of Marriott International from $148.00 to $141.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 8th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the stock. Marriott International currently has an average rating of “Hold” and a consensus price target of $140.93.
Shares of MAR stock opened at $117.04 on Friday. The stock has a market cap of $39.62 billion, a PE ratio of 19.72, a P/E/G ratio of 1.66 and a beta of 1.38. Marriott International has a 1-year low of $106.96 and a 1-year high of $149.21. The company has a debt-to-equity ratio of 3.75, a quick ratio of 0.48 and a current ratio of 0.46.
Marriott International (NASDAQ:MAR) last announced its quarterly earnings data on Monday, November 5th. The company reported $1.70 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.31 by $0.39. The business had revenue of $5.05 billion for the quarter, compared to analyst estimates of $5.28 billion. Marriott International had a net margin of 7.95% and a return on equity of 68.01%. The company’s revenue was down .6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.10 EPS.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 31st. Investors of record on Wednesday, November 21st will be given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date is Tuesday, November 20th. Marriott International’s dividend payout ratio (DPR) is presently 37.61%.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Pathstone Family Office LLC acquired a new stake in Marriott International during the 3rd quarter worth approximately $132,000. Bank of Hawaii increased its position in Marriott International by 23.6% during the 3rd quarter. Bank of Hawaii now owns 7,606 shares of the company’s stock worth $1,004,000 after purchasing an additional 1,450 shares in the last quarter. Sarasin & Partners LLP increased its position in Marriott International by 19.7% during the 3rd quarter. Sarasin & Partners LLP now owns 974,883 shares of the company’s stock worth $128,714,000 after purchasing an additional 160,119 shares in the last quarter. Rafferty Asset Management LLC increased its position in Marriott International by 23.7% during the 3rd quarter. Rafferty Asset Management LLC now owns 15,188 shares of the company’s stock worth $2,005,000 after purchasing an additional 2,914 shares in the last quarter. Finally, FIL Ltd increased its position in Marriott International by 26.7% during the 3rd quarter. FIL Ltd now owns 245,273 shares of the company’s stock worth $32,383,000 after purchasing an additional 51,635 shares in the last quarter. 62.03% of the stock is owned by hedge funds and other 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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