Marriott International (NASDAQ:MAR) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Thursday.

According to Zacks, “Shares of Marriott have outperformed the industry in a year’s time primarily owing to impressive bottom-line performance. In fact, Marriott’s earnings topped the consensus mark for the 16 straight quarters. Additionally, the company seems to be benefiting from Starwood acquisition, sizeable international exposure and an attractive brand-position. Also, strong RevPAR gains and room growth drove the company’s quarterly results. Marriott anticipates earnings in the band of $5.81-$5.91 per share, up from the prior guidance of $5.43-$5.55. Meanwhile, the company is consistently trying to expand its presence worldwide and capitalize on the demand for hotels in international markets. It is very optimistic about growth opportunity in India. However, the company’s lower-than-expected top-line performances over the past two quarters have been a cause for concern.”

Other equities analysts have also recently issued research reports about the stock. BidaskClub cut shares of Marriott International from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 22nd. Morgan Stanley cut shares of Marriott International from an “overweight” rating to an “equal” rating and set a $129.00 target price on the stock. in a research note on Tuesday, July 24th. 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 note on Wednesday, August 8th. Jefferies Financial Group restated a “hold” rating and set a $134.00 target price on shares of Marriott International in a research note on Wednesday, August 8th. Finally, Robert W. Baird restated a “hold” rating and set a $135.00 target price on shares of Marriott International in a research note on Wednesday, August 8th. One analyst has rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $141.00.

Shares of Marriott International stock opened at $123.85 on Thursday. The stock has a market capitalization of $41.69 billion, a P/E ratio of 28.41, a PEG ratio of 1.80 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 has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 2.95.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings results on Monday, August 6th. The company reported $1.73 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.36 by $0.37. The company had revenue of $5.35 billion for the quarter, compared to analysts’ expectations of $5.90 billion. Marriott International had a net margin of 7.31% and a return on equity of 52.81%. Marriott International’s revenue was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.13 EPS. analysts expect that Marriott International will post 5.88 earnings per share for the current fiscal year.

In other news, insider David S. Marriott sold 8,875 shares of the company’s stock in a transaction dated Thursday, June 7th. The shares were sold at an average price of $141.28, for a total transaction of $1,253,860.00. Following the completion of the sale, the insider now owns 638,234 shares of the company’s stock, valued at approximately $90,169,699.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Juliana B. Marriott sold 4,294 shares of the company’s stock in a transaction dated Thursday, June 7th. The shares were sold at an average price of $141.49, for a total transaction of $607,558.06. Following the sale, the insider now directly owns 18,000 shares of the company’s stock, valued at approximately $2,546,820. The disclosure for this sale can be found here. Insiders have sold a total of 16,375 shares of company stock worth $2,310,547 in the last 90 days. Company insiders own 12.99% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Andra AP fonden increased its position in shares of Marriott International by 54.8% during the 2nd quarter. Andra AP fonden now owns 30,800 shares of the company’s stock valued at $3,899,000 after purchasing an additional 10,900 shares during the last quarter. Schroder Investment Management Group increased its position in shares of Marriott International by 149.9% during the 2nd quarter. Schroder Investment Management Group now owns 6,577 shares of the company’s stock valued at $824,000 after purchasing an additional 3,945 shares during the last quarter. Private Wealth Partners LLC increased its position in shares of Marriott International by 2.5% during the 2nd quarter. Private Wealth Partners LLC now owns 18,680 shares of the company’s stock valued at $2,365,000 after purchasing an additional 450 shares during the last quarter. Bank of Nova Scotia increased its position in shares of Marriott International by 75.9% during the 2nd quarter. Bank of Nova Scotia now owns 67,445 shares of the company’s stock valued at $8,539,000 after purchasing an additional 29,098 shares during the last quarter. Finally, Verition Fund Management LLC purchased a new stake in shares of Marriott International during the 2nd quarter valued at about $1,849,000. 63.87% of the stock is owned by hedge funds and other institutional investors.

Marriott International Company Profile

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.

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