Marriott International Target of Unusually High Options Trading (MAR)
Marriott International Inc (NASDAQ:MAR) was the recipient of some unusual options trading activity on Thursday. Stock investors acquired 15,671 put options on the company. This represents an increase of approximately 881% compared to the average volume of 1,597 put options.
A number of equities analysts have recently commented on MAR shares. Zacks Investment Research upgraded shares of Marriott International from a “hold” rating to a “buy” rating and set a $158.00 price target on the stock in a report on Friday, January 19th. Stifel Nicolaus reiterated a “hold” rating and set a $132.00 price target on shares of Marriott International in a report on Tuesday, January 9th. Sanford C. Bernstein lowered shares of Marriott International from an “outperform” rating to a “market perform” rating in a report on Thursday, November 16th. BidaskClub lowered shares of Marriott International from a “strong-buy” rating to a “buy” rating in a report on Friday, November 10th. Finally, Barclays lifted their price target on shares of Marriott International from $105.00 to $130.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 28th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Marriott International presently has an average rating of “Buy” and a consensus target price of $122.38.
Marriott International (NASDAQ:MAR) opened at $140.60 on Friday. Marriott International has a 52 week low of $85.63 and a 52 week high of $149.21. The firm has a market cap of $50,741.80, a price-to-earnings ratio of 39.06, a P/E/G ratio of 2.53 and a beta of 1.35. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.46 and a current ratio of 0.46.
Marriott International declared that its Board of Directors has authorized a share repurchase program on Thursday, November 9th that permits the company to buyback 30,000,000 shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, February 23rd will be paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date is Thursday, February 22nd. Marriott International’s dividend payout ratio is presently 36.67%.
In other news, EVP Edward A. Ryan sold 5,900 shares of Marriott International stock in a transaction on Friday, December 1st. The shares were sold at an average price of $127.22, for a total transaction of $750,598.00. Following the transaction, the executive vice president now owns 61,956 shares in the company, valued at $7,882,042.32. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider David Grissen sold 2,139 shares of Marriott International stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $127.73, for a total transaction of $273,214.47. Following the transaction, the insider now owns 47,340 shares in the company, valued at approximately $6,046,738.20. The disclosure for this sale can be found here. Insiders sold 64,974 shares of company stock worth $8,576,376 in the last 90 days. Company insiders own 11.32% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Valeo Financial Advisors LLC increased its stake in Marriott International by 367.1% in the fourth quarter. Valeo Financial Advisors LLC now owns 738 shares of the company’s stock valued at $100,000 after purchasing an additional 580 shares in the last quarter. Advisory Services Network LLC increased its stake in Marriott International by 1,490.1% in the second quarter. Advisory Services Network LLC now owns 1,129 shares of the company’s stock valued at $113,000 after purchasing an additional 1,058 shares in the last quarter. Wolverine Asset Management LLC bought a new stake in Marriott International in the fourth quarter valued at $128,000. First Quadrant L P CA bought a new stake in Marriott International in the third quarter valued at $136,000. Finally, Grove Bank & Trust increased its stake in Marriott International by 214.8% in the third quarter. Grove Bank & Trust now owns 1,231 shares of the company’s stock valued at $136,000 after purchasing an additional 840 shares in the last quarter. 66.19% of the stock is owned by institutional investors and hedge funds.
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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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