Today: Today: Marriott International Inc. (MAR) Lowered by Evercore ISI to Hold

Today: Marriott International Inc. (MAR) Lowered by Evercore ISI to Hold

Marriott International Inc. (NASDAQ:MAR) was downgraded by equities research analysts at Evercore ISI from a “buy” rating to a “hold” rating in a report issued on Monday.

Several other research firms have also commented on MAR. Zacks Investment Research raised Marriott International from a “sell” rating to a “hold” rating in a research report on Monday, August 1st. Barclays PLC reaffirmed a “hold” rating and set a $80.00 target price on shares of Marriott International in a research report on Thursday, November 10th. raised Marriott International from an “underperform” rating to an “outperform” rating in a research report on Monday, August 15th. Vetr lowered Marriott International from a “buy” rating to a “hold” rating and set a $75.57 target price on the stock. in a research report on Monday, August 8th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $74.00 target price (down from $76.00) on shares of Marriott International in a research report on Tuesday, November 15th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eleven have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $76.33.

Marriott International (NASDAQ:MAR) traded down 0.41% on Monday, reaching $78.20. The company had a trading volume of 1,118,514 shares. Marriott International has a 12 month low of $56.43 and a 12 month high of $78.90. The stock has a market capitalization of $30.54 billion, a P/E ratio of 27.84 and a beta of 1.23. The firm has a 50-day moving average of $70.97 and a 200-day moving average of $69.47.

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

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

In other Marriott International news, major shareholder Richard E. Marriott sold 71,287 shares of the company’s stock in a transaction on Thursday, September 22nd. The stock was sold at an average price of $70.14, for a total value of $5,000,070.18. Following the transaction, the insider now owns 12,223,365 shares of the company’s stock, valued at $857,346,821.10. The transaction 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 company’s stock in a transaction on Thursday, September 22nd. The shares were sold at an average price of $70.14, for a total value of $2,000,042.10. Following the completion of the transaction, the insider now directly owns 240,024 shares in the company, valued at approximately $16,835,283.36. The disclosure for this sale can be found here. Corporate insiders own 17.07% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Capital Research Global Investors boosted its position in Marriott International by 101.3% in the third quarter. Capital Research Global Investors now owns 8,717,184 shares of the company’s stock valued at $586,928,000 after buying an additional 4,387,737 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in Marriott International by 53.7% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 8,898,727 shares of the company’s stock valued at $599,151,000 after buying an additional 3,109,290 shares during the last quarter. Capital World Investors boosted its position in Marriott International by 135.6% in the third quarter. Capital World Investors now owns 4,470,000 shares of the company’s stock valued at $300,965,000 after buying an additional 2,572,784 shares during the last quarter. BlackRock Fund Advisors boosted its position in Marriott International by 74.8% in the third quarter. BlackRock Fund Advisors now owns 5,249,607 shares of the company’s stock valued at $353,456,000 after buying an additional 2,247,068 shares during the last quarter. Finally, Vulcan Value Partners LLC purchased a new position in Marriott International during the second quarter valued at $138,646,000. 63.96% of the stock is currently owned by institutional investors.

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