Marriott International, Inc. (NASDAQ:MAR – Get Rating) announced a quarterly dividend on Thursday, August 4th, Zacks reports. Stockholders of record on Thursday, August 18th will be given a dividend of 0.30 per share on Friday, September 30th. This represents a $1.20 annualized dividend and a dividend yield of 0.76%. The ex-dividend date is Wednesday, August 17th.
Marriott International has a dividend payout ratio of 16.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Marriott International to earn $7.62 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 15.7%.
Marriott International Trading Down 1.2 %
Marriott International stock traded down $1.98 during midday trading on Friday, reaching $157.01. The stock had a trading volume of 2,146,103 shares, compared to its average volume of 2,049,842. Marriott International has a twelve month low of $127.58 and a twelve month high of $195.90. The stock has a market capitalization of $50.96 billion, a PE ratio of 29.68, a price-to-earnings-growth ratio of 0.58 and a beta of 1.62. The company has a debt-to-equity ratio of 4.64, a quick ratio of 0.53 and a current ratio of 0.45. The stock’s 50-day simple moving average is $151.40 and its 200 day simple moving average is $162.78.
Insider Activity at Marriott International
In related news, Director Debra L. Lee sold 2,145 shares of the firm’s stock in a transaction that occurred on Tuesday, May 31st. The shares were sold at an average price of $171.30, for a total value of $367,438.50. Following the transaction, the director now owns 1,224 shares of the company’s stock, valued at $209,671.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 12.21% of the stock is currently owned by insiders.
Institutional Investors Weigh In On Marriott International
Several large investors have recently bought and sold shares of MAR. International Assets Investment Management LLC raised its holdings in Marriott International by 9.5% in the first quarter. International Assets Investment Management LLC now owns 1,644 shares of the company’s stock worth $289,000 after purchasing an additional 143 shares in the last quarter. Personal Capital Advisors Corp boosted its position in Marriott International by 5.8% in the first quarter. Personal Capital Advisors Corp now owns 2,774 shares of the company’s stock valued at $487,000 after buying an additional 152 shares during the last quarter. Raymond James Trust N.A. boosted its position in Marriott International by 5.8% in the first quarter. Raymond James Trust N.A. now owns 3,444 shares of the company’s stock valued at $605,000 after buying an additional 189 shares during the last quarter. Orion Portfolio Solutions LLC boosted its position in Marriott International by 4.3% in the 1st quarter. Orion Portfolio Solutions LLC now owns 5,690 shares of the company’s stock worth $1,000,000 after purchasing an additional 232 shares in the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its position in Marriott International by 7.1% in the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 3,926 shares of the company’s stock worth $690,000 after purchasing an additional 259 shares in the last quarter. Institutional investors own 59.86% of the company’s stock.
Wall Street Analyst Weigh In
Several brokerages have recently commented on MAR. Evercore ISI raised Marriott International from an “in-line” rating to an “outperform” rating and decreased their target price for the stock from $180.00 to $165.00 in a research report on Monday, July 11th. Cowen decreased their target price on Marriott International to $170.00 in a research report on Friday, July 22nd. Barclays lifted their target price on shares of Marriott International from $164.00 to $170.00 in a research note on Wednesday. TheStreet cut shares of Marriott International from a “b-” rating to a “c+” rating in a research report on Thursday, June 30th. Finally, Stifel Nicolaus boosted their price target on shares of Marriott International from $150.00 to $161.00 in a report on Tuesday. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $175.83.
Marriott International Company Profile
Marriott International, Inc operates, franchises, and licenses hotel, residential, and timeshare properties worldwide. The company operates through U.S. and Canada, and International segments. It operates its properties under the JW Marriott, The Ritz-Carlton, Ritz-Carlton Reserve, W Hotels, The Luxury Collection, St.
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