Marriott International (MAR) Given New $138.00 Price Target at Morgan Stanley
Marriott International (NASDAQ:MAR) had its price objective trimmed by Morgan Stanley from $143.00 to $138.00 in a research note released on Wednesday. The brokerage currently has an equal weight rating on the stock.
Other equities analysts also recently issued reports about the stock. BidaskClub downgraded shares of Marriott International from a strong-buy rating to a buy rating in a research report on Friday, June 22nd. Zacks Investment Research raised shares of Marriott International from a hold rating to a buy rating and set a $156.00 target price on the stock in a research report on Tuesday, May 15th. Barclays lowered their target price on shares of Marriott International from $148.00 to $141.00 and set an equal weight rating on the stock in a research report on Wednesday. Robert W. Baird reissued a hold rating and set a $135.00 target price on shares of Marriott International in a research report on Wednesday. Finally, ValuEngine downgraded shares of Marriott International from a buy rating to a hold rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and five have issued a buy rating to the company. Marriott International has an average rating of Hold and a consensus target price of $139.54.
Marriott International stock traded down $0.63 during mid-day trading on Wednesday, hitting $120.16. 2,307,140 shares of the company’s stock were exchanged, compared to its average volume of 2,098,349. The company has a debt-to-equity ratio of 2.95, a current ratio of 0.48 and a quick ratio of 0.49. The company has a market capitalization of $41.91 billion, a price-to-earnings ratio of 27.56, a PEG ratio of 1.81 and a beta of 1.37. Marriott International has a 1-year low of $96.90 and a 1-year high of $149.21.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Thursday, August 23rd will be issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 1.36%. Marriott International’s dividend payout ratio (DPR) is 37.61%.
In other Marriott International news, Director Mary K. Bush sold 2,184 shares of the firm’s stock in a transaction dated Tuesday, May 15th. The shares were sold at an average price of $138.84, for a total transaction of $303,226.56. Following the completion of the transaction, the director now owns 275 shares in the company, valued at $38,181. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Frederick A. Henderson purchased 1,640 shares of the business’s stock in a transaction on Thursday, August 9th. The shares were acquired at an average price of $120.84 per share, with a total value of $198,177.60. Following the purchase, the director now owns 1,640 shares of the company’s stock, valued at $198,177.60. The disclosure for this purchase can be found here. In the last quarter, insiders sold 18,559 shares of company stock valued at $2,613,773. 12.99% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in MAR. Daiwa Securities Group Inc. increased its holdings in shares of Marriott International by 3.8% during the first quarter. Daiwa Securities Group Inc. now owns 61,001 shares of the company’s stock worth $8,295,000 after buying an additional 2,251 shares in the last quarter. AKO Capital LLP increased its holdings in shares of Marriott International by 10.1% in the first quarter. AKO Capital LLP now owns 505,344 shares of the company’s stock valued at $68,717,000 after purchasing an additional 46,352 shares in the last quarter. Dupont Capital Management Corp increased its holdings in shares of Marriott International by 66.1% in the first quarter. Dupont Capital Management Corp now owns 2,548 shares of the company’s stock valued at $346,000 after purchasing an additional 1,014 shares in the last quarter. NuWave Investment Management LLC acquired a new stake in shares of Marriott International in the first quarter valued at approximately $266,000. Finally, Wealthstreet Investment Advisors LLC increased its holdings in shares of Marriott International by 1.7% in the first quarter. Wealthstreet Investment Advisors LLC now owns 33,473 shares of the company’s stock valued at $4,551,000 after purchasing an additional 560 shares in the last quarter. Hedge funds and other institutional investors own 63.92% of the company’s stock.
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.
Featured Story: Do closed-end mutual funds pay dividends?
Receive News & Ratings for Marriott International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marriott International and related companies with MarketBeat.com's FREE daily email newsletter.