Today, Marriott International Inc. (MAR) Rating Decreased to Buy at Vetr Inc.

Today, Marriott International Inc. (MAR) Rating Decreased to Buy at Vetr Inc.
Marriott International Inc. (NASDAQ:MAR) was downgraded by investment analysts at Vetr from a “strong-buy” rating to a “buy” rating in a report issued on Monday. They presently have a $78.19 price objective on the stock. Vetr‘s price objective would indicate a potential downside of 0.42% from the company’s current price.

A number of other equities research analysts have also commented on MAR. Stifel Nicolaus raised their price objective on shares of Marriott International from $65.00 to $66.00 and gave the stock a “hold” rating in a report on Monday, September 26th. Morgan Stanley upgraded shares of Marriott International from an “equal weight” rating to an “overweight” rating and set a $78.00 price objective on the stock in a report on Monday, September 26th. Zacks Investment Research upgraded shares of Marriott International from a “sell” rating to a “hold” rating in a report on Monday, August 1st. Goldman Sachs Group Inc. assumed coverage on shares of Marriott International in a report on Monday, September 26th. They set a “buy” rating and a $81.00 price objective on the stock. Finally, upgraded shares of Marriott International from an “underperform” rating to an “outperform” rating in a report on Monday, August 15th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $76.33.

Marriott International (NASDAQ:MAR) traded up 0.56% on Monday, reaching $78.52. 1,059,567 shares of the company’s stock were exchanged. Marriott International has a 12 month low of $56.43 and a 12 month high of $78.90. The firm has a market cap of $30.66 billion, a PE ratio of 27.95 and a beta of 1.23. The firm’s 50-day moving average is $70.97 and its 200-day moving average is $69.47.

Marriott International (NASDAQ:MAR) last posted its earnings results on Monday, November 7th. The company reported $0.91 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.88 by $0.03. The company had revenue of $3.94 billion for the quarter, compared to analyst estimates of $4.41 billion. Marriott International had a net margin of 4.82% and a negative return on equity of 76.10%. The business’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period last year, the business posted $0.78 earnings per share. On average, equities analysts forecast that Marriott International will post $3.62 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 30th. Stockholders of record on Thursday, November 24th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.53%. The ex-dividend date of this dividend is Monday, November 21st. Marriott International’s payout ratio is presently 42.25%.

In other news, major shareholder Richard E. Marriott sold 71,287 shares of the business’s stock in a transaction that occurred on Thursday, September 22nd. The shares were sold at an average price of $70.14, for a total value of $5,000,070.18. Following the completion of the transaction, the insider now directly owns 12,223,365 shares in the company, valued at approximately $857,346,821.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider J W. Marriott, Jr. sold 28,515 shares of the business’s stock in a transaction that occurred on Thursday, September 22nd. The shares were sold at an average price of $70.14, for a total transaction of $2,000,042.10. Following the completion of the transaction, the insider now owns 240,024 shares of the company’s stock, valued at $16,835,283.36. The disclosure for this sale can be found here. 17.07% of the stock is currently owned by insiders.

Several institutional investors have recently modified their holdings of the stock. BlueMountain Capital Management LLC raised its stake in shares of Marriott International by 450.6% in the first quarter. BlueMountain Capital Management LLC now owns 11,739 shares of the company’s stock valued at $836,000 after buying an additional 9,607 shares during the period. Ladenburg Thalmann Financial Services Inc. raised its stake in shares of Marriott International by 1.0% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 21,081 shares of the company’s stock valued at $1,438,000 after buying an additional 218 shares during the period. Seven Eight Capital LLC raised its stake in shares of Marriott International by 366.7% in the first quarter. Seven Eight Capital LLC now owns 15,400 shares of the company’s stock valued at $1,096,000 after buying an additional 12,100 shares during the period. Babson Capital Management LLC raised its stake in shares of Marriott International by 76.7% in the first quarter. Babson Capital Management LLC now owns 34,549 shares of the company’s stock valued at $2,459,000 after buying an additional 15,000 shares during the period. Finally, Eachwin Capital LP bought a new stake in shares of Marriott International during the first quarter valued at about $506,000. Institutional investors own 80.98% of the company’s stock.

Marriott International Company Profile

Marriott International, Inc is a lodging company. The Company is an operator, franchisor and licensor of hotels and timeshare properties in approximately 90 countries and territories under over 20 brand names. It operates through three segments: North American Full-Service, which includes brands, such as The Ritz-Carlton, EDITION, JW Marriott, Autograph Collection Hotels, Marriott Hotels, Delta Hotels and Resorts, and Renaissance Hotels located in the United States and Canada; North American Limited-Service, which includes brands, such as AC Hotels by Marriott, Courtyard, Residence Inn, SpringHill Suites, TownePlace Suites properties and Fairfield Inn & Suites located in the United States and Canada, and International, which includes brands, such as Bulgari Hotels & Resorts, Protea Hotels and Moxy Hotels located outside the United States and Canada.

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