Zacks Investment Research downgraded shares of Marriott International (NASDAQ:MAR) from a buy rating to a hold rating in a research note published on Tuesday.
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.”
MAR has been the subject of a number of other reports. Morgan Stanley decreased their target price on Marriott International from $143.00 to $138.00 and set an equal weight rating for the company in a research note on Wednesday, August 8th. BidaskClub cut Marriott International from a hold rating to a sell rating in a research note on Wednesday, August 1st. Longbow Research assumed coverage on Marriott International in a research note on Friday, September 7th. They issued a buy rating and a $156.00 target price for the company. SunTrust Banks reissued a hold rating and issued a $136.00 target price on shares of Marriott International in a research note on Thursday, August 9th. Finally, Raymond James raised Marriott International from a market perform rating to an outperform rating in a research note on Tuesday, August 14th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the company’s stock. Marriott International currently has an average rating of Hold and a consensus price target of $144.75.
NASDAQ:MAR opened at $117.49 on Tuesday. Marriott International has a 1 year low of $113.82 and a 1 year high of $149.21. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 2.95. The stock has a market capitalization of $45.81 billion, a price-to-earnings ratio of 26.83, a price-to-earnings-growth ratio of 1.94 and a beta of 1.33.
Marriott International (NASDAQ:MAR) last posted its earnings results on Monday, August 6th. The company reported $1.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.36 by $0.37. Marriott International had a return on equity of 52.81% and a net margin of 7.31%. The firm had revenue of $5.35 billion during the quarter, compared to analysts’ expectations of $5.90 billion. During the same period in the previous year, the firm earned $1.13 earnings per share. The company’s revenue was up 2.6% on a year-over-year basis. As a group, equities research analysts anticipate that Marriott International will post 5.88 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 28th. Stockholders of record on Thursday, August 23rd were given a dividend of $0.41 per share. The ex-dividend date was Wednesday, August 22nd. This represents a $1.64 annualized dividend and a dividend yield of 1.40%. Marriott International’s dividend payout ratio is currently 37.61%.
In other news, Director Frederick A. Henderson acquired 1,640 shares of Marriott International stock in a transaction dated Thursday, August 9th. The stock was bought at an average cost of $120.84 per share, with a total value of $198,177.60. Following the completion of the transaction, the director now directly owns 1,640 shares of the company’s stock, valued at $198,177.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 12.99% of the stock is owned by corporate insiders.
Several hedge funds have recently bought and sold shares of the company. Atria Investments LLC raised its holdings in Marriott International by 19.6% during the third quarter. Atria Investments LLC now owns 2,561 shares of the company’s stock worth $338,000 after acquiring an additional 419 shares in the last quarter. Dowling & Yahnke LLC raised its stake in Marriott International by 4.0% in the second quarter. Dowling & Yahnke LLC now owns 11,690 shares of the company’s stock valued at $1,480,000 after buying an additional 450 shares during the period. Private Wealth Partners LLC raised its stake in Marriott International by 2.5% in the second quarter. Private Wealth Partners LLC now owns 18,680 shares of the company’s stock valued at $2,365,000 after buying an additional 450 shares during the period. Motley Fool Asset Management LLC raised its stake in Marriott International by 15.4% in the second quarter. Motley Fool Asset Management LLC now owns 3,793 shares of the company’s stock valued at $480,000 after buying an additional 507 shares during the period. Finally, Oppenheimer Asset Management Inc. raised its stake in Marriott International by 22.0% in the second quarter. Oppenheimer Asset Management Inc. now owns 2,873 shares of the company’s stock valued at $363,000 after buying an additional 518 shares during the period. 61.81% of the stock is owned by 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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