Trading Report: Today: Marriott International Inc. (MAR) Receives “Hold” Rating from Evercore ISI

Today: Marriott International Inc. (MAR) Receives “Hold” Rating from Evercore ISI

Marriott International Inc. (NASDAQ:MAR)‘s stock had its “hold” rating reissued by research analysts at Evercore ISI in a research report issued on Monday.

A number of other equities analysts have also recently weighed in on MAR. Morgan Stanley raised Marriott International from an “equal weight” rating to an “overweight” rating and set a $78.00 price target on the stock in a research note on Monday, September 26th. Vetr cut Marriott International from a “buy” rating to a “hold” rating and set a $75.57 target price on the stock. in a research note on Monday, August 8th. Deutsche Bank AG reaffirmed a “hold” rating and set a $73.00 target price on shares of Marriott International in a research note on Friday, November 18th. Barclays PLC reaffirmed a “hold” rating and set a $80.00 target price on shares of Marriott International in a research note on Thursday, November 10th. Finally, raised Marriott International from an “underperform” rating to an “outperform” rating in a research note on Monday, August 15th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and eleven have issued a buy rating to the company’s stock. Marriott International has an average rating of “Hold” and an average target price of $76.33.

Shares of Marriott International (NASDAQ:MAR) opened at 78.52 on Monday. Marriott International has a 52 week low of $56.43 and a 52 week high of $78.90. The firm has a market capitalization of $30.66 billion, a PE ratio of 27.95 and a beta of 1.23. The company has a 50-day moving average of $70.97 and a 200-day moving average of $69.47.

Marriott International (NASDAQ:MAR) last released its earnings results on Monday, November 7th. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.03. The firm 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%. Marriott International’s revenue was up 10.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.78 earnings per share. On average, equities analysts forecast that Marriott International will post $3.62 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 30th. Stockholders of record on Thursday, November 24th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date is Monday, November 21st. Marriott International’s dividend payout ratio is presently 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 sale, the insider now directly owns 12,223,365 shares in the company, valued at $857,346,821.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Stephen Blake Marriott sold 4,500 shares of the company’s stock in a transaction on Thursday, November 10th. The shares were sold at an average price of $73.67, for a total value of $331,515.00. Following the completion of the sale, the insider now owns 149,336 shares in the company, valued at $11,001,583.12. The disclosure for this sale can be found here. Insiders own 17.07% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the stock. Burke & Herbert Bank & Trust Co. raised its position in Marriott International by 3.0% in the third quarter. Burke & Herbert Bank & Trust Co. now owns 4,066 shares of the company’s stock worth $273,000 after buying an additional 120 shares in the last quarter. Fundsmith LLP acquired a new position in Marriott International during the second quarter worth approximately $13,051,000. Huntington National Bank raised its position in Marriott International by 489.9% in the second quarter. Huntington National Bank now owns 218,342 shares of the company’s stock worth $14,511,000 after buying an additional 181,331 shares in the last quarter. State Treasurer State of Michigan raised its position in Marriott International by 1.2% in the second quarter. State Treasurer State of Michigan now owns 66,219 shares of the company’s stock worth $4,401,000 after buying an additional 800 shares in the last quarter. Finally, Chevy Chase Trust Holdings Inc. raised its position in Marriott International by 50.2% in the third quarter. Chevy Chase Trust Holdings Inc. now owns 310,945 shares of the company’s stock worth $20,936,000 after buying an additional 103,863 shares in the last quarter. Hedge funds and other institutional investors own 63.96% of the company’s stock.

Marriott International Company Profile

Related posts

Leave a Comment