Marriott International Inc (NASDAQ:MAR) – SunTrust Banks raised their Q2 2018 earnings per share estimates for Marriott International in a report released on Friday. SunTrust Banks analyst P. Scholes now expects that the company will post earnings of $1.33 per share for the quarter, up from their prior estimate of $1.30. SunTrust Banks has a “Hold” rating and a $108.00 price objective on the stock. SunTrust Banks also issued estimates for Marriott International’s Q3 2018 earnings at $1.38 EPS, Q4 2018 earnings at $1.21 EPS, Q1 2019 earnings at $1.32 EPS, Q2 2019 earnings at $1.52 EPS, Q3 2019 earnings at $1.51 EPS, Q4 2019 earnings at $1.39 EPS and FY2019 earnings at $5.75 EPS.
Marriott International (NASDAQ:MAR) last released its quarterly earnings results on Wednesday, February 14th. The company reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.12. Marriott International had a net margin of 5.99% and a return on equity of 36.15%. The company had revenue of $5.88 billion for the quarter, compared to the consensus estimate of $5.61 billion. During the same period in the previous year, the firm earned $0.85 EPS. Marriott International’s revenue was up 7.7% on a year-over-year basis.
Other analysts also recently issued reports about the stock. Morgan Stanley boosted their price target on shares of Marriott International from $110.00 to $112.00 and gave the stock an “overweight” rating in a research report on Thursday, November 9th. Royal Bank of Canada boosted their price target on shares of Marriott International to $159.00 and gave the stock an “outperform” rating in a research report on Monday, January 29th. Stifel Nicolaus restated a “hold” rating and set a $115.00 price target (up from $98.00) on shares of Marriott International in a research report on Wednesday, November 8th. BidaskClub downgraded shares of Marriott International from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 10th. Finally, Barclays boosted their price target on shares of Marriott International from $105.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 28th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. Marriott International presently has an average rating of “Buy” and an average target price of $122.38.
Shares of Marriott International (MAR) opened at $140.44 on Monday. Marriott International has a 52-week low of $85.63 and a 52-week high of $149.21. The company has a market cap of $51,200.00, a PE ratio of 27.11, a price-to-earnings-growth ratio of 2.19 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.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, February 23rd will be issued a $0.33 dividend. The ex-dividend date is Thursday, February 22nd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.94%. Marriott International’s payout ratio is currently 25.48%.
Marriott International declared that its board has authorized a stock repurchase program on Thursday, November 9th that permits the company to repurchase 30,000,000 outstanding shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its stock is undervalued.
In other news, insider David A. Rodriguez sold 7,600 shares of Marriott International stock in a transaction that occurred on Tuesday, December 19th. The shares were sold at an average price of $133.09, for a total value of $1,011,484.00. Following the transaction, the insider now directly owns 13,624 shares of the company’s stock, valued at $1,813,218.16. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Craig S. Smith sold 5,840 shares of Marriott International stock in a transaction that occurred on Thursday, December 28th. The stock was sold at an average price of $136.26, for a total transaction of $795,758.40. Following the completion of the transaction, the insider now directly owns 26,317 shares in the company, valued at $3,585,954.42. The disclosure for this sale can be found here. Insiders sold a total of 64,974 shares of company stock worth $8,576,376 over the last quarter. Insiders own 11.32% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the company. California Public Employees Retirement System increased its position in shares of Marriott International by 0.8% in the third quarter. California Public Employees Retirement System now owns 823,377 shares of the company’s stock worth $90,786,000 after acquiring an additional 6,837 shares in the last quarter. Rockefeller Financial Services Inc. increased its position in shares of Marriott International by 2,222.2% in the fourth quarter. Rockefeller Financial Services Inc. now owns 41,800 shares of the company’s stock worth $5,674,000 after acquiring an additional 40,000 shares in the last quarter. State Board of Administration of Florida Retirement System increased its position in shares of Marriott International by 0.7% in the third quarter. State Board of Administration of Florida Retirement System now owns 467,559 shares of the company’s stock worth $51,553,000 after acquiring an additional 3,140 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of Marriott International by 3.7% in the third quarter. Wells Fargo & Company MN now owns 1,305,913 shares of the company’s stock worth $143,989,000 after acquiring an additional 46,517 shares in the last quarter. Finally, Asset Advisors Corp increased its position in shares of Marriott International by 1.0% in the third quarter. Asset Advisors Corp now owns 121,972 shares of the company’s stock worth $13,449,000 after acquiring an additional 1,175 shares in the last quarter. 66.19% of the stock is currently owned by institutional investors and hedge funds.
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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