Marriott International (NASDAQ:MAR) was upgraded by stock analysts at BidaskClub from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday, July 24th.
Other analysts have also recently issued research reports about the stock. Vetr upgraded shares of Marriott International from a “hold” rating to a “buy” rating and set a $96.50 target price for the company in a research report on Tuesday, April 11th. Goldman Sachs Group, Inc. (The) cut shares of Marriott International from a “conviction-buy” rating to a “buy” rating and set a $105.00 target price for the company. in a research report on Tuesday, April 11th. Canaccord Genuity reiterated a “buy” rating and set a $113.00 target price (up previously from $100.00) on shares of Marriott International in a research report on Monday, May 8th. Zacks Investment Research upgraded shares of Marriott International from a “hold” rating to a “buy” rating and set a $115.00 target price for the company in a research report on Tuesday, May 16th. Finally, Instinet upped their target price on shares of Marriott International from $100.00 to $121.00 and gave the company a “buy” rating in a research report on Wednesday, May 10th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and eleven have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $100.08.
Shares of Marriott International (MAR) traded up 0.19% during trading on Monday, reaching $98.03. The company’s stock had a trading volume of 1,581,465 shares. The company has a market capitalization of $36.51 billion, a P/E ratio of 32.17 and a beta of 1.36. Marriott International has a 12 month low of $65.91 and a 12 month high of $110.51. The company’s 50-day moving average is $101.75 and its 200-day moving average is $96.88.
Marriott International (NASDAQ:MAR) last issued its earnings results on Monday, August 7th. The company reported $1.13 EPS for the quarter, beating the consensus estimate of $1.02 by $0.11. The company had revenue of $5.80 billion during the quarter, compared to analysts’ expectations of $5.73 billion. Marriott International had a net margin of 5.27% and a return on equity of 26.26%. The business’s revenue for the quarter was up 48.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.03 EPS. On average, analysts forecast that Marriott International will post $4.14 EPS for the current fiscal year.
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In other news, insider Stephen Blake Marriott sold 3,733 shares of the stock in a transaction dated Wednesday, May 31st. The shares were sold at an average price of $107.44, for a total transaction of $401,073.52. Following the completion of the transaction, the insider now directly owns 145,601 shares in the company, valued at approximately $15,643,371.44. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider B. Marriott Marital Tr Juliana sold 30,000 shares of the stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $99.84, for a total transaction of $2,995,200.00. Following the transaction, the insider now owns 493,896 shares of the company’s stock, valued at $49,310,576.64. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 62,622 shares of company stock valued at $6,328,408. Company insiders own 17.07% of the company’s stock.
Several institutional investors have recently bought and sold shares of MAR. Advisory Services Network LLC boosted its stake in shares of Marriott International by 1,490.1% in the second quarter. Advisory Services Network LLC now owns 1,129 shares of the company’s stock worth $113,000 after buying an additional 1,058 shares during the last quarter. Oppenheimer Asset Management Inc. purchased a new stake in shares of Marriott International during the first quarter worth about $115,000. High Point Bank & Trust Co. boosted its stake in shares of Marriott International by 11.5% in the fourth quarter. High Point Bank & Trust Co. now owns 1,450 shares of the company’s stock worth $120,000 after buying an additional 149 shares during the last quarter. Baker Ellis Asset Management LLC purchased a new stake in shares of Marriott International during the second quarter worth about $133,000. Finally, TrimTabs Asset Management LLC boosted its stake in shares of Marriott International by 89.1% in the first quarter. TrimTabs Asset Management LLC now owns 1,562 shares of the company’s stock worth $147,000 after buying an additional 736 shares during the last quarter. Institutional investors own 67.11% of the company’s stock.
Marriott International Company Profile
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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