Marriott International (NASDAQ:MAR)‘s stock had its “positive” rating reiterated by Susquehanna Bancshares in a report released on Tuesday. They presently have a $161.00 price objective on the stock, up from their previous price objective of $145.00. Susquehanna Bancshares’ price target would suggest a potential upside of 10.85% from the stock’s previous close.
Several other brokerages have also issued reports on MAR. Zacks Investment Research raised Marriott International from a “hold” rating to a “buy” rating and set a $158.00 price target on the stock in a research note on Friday, January 19th. Sanford C. Bernstein lowered Marriott International from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 16th. Stifel Nicolaus reissued a “hold” rating and issued a $132.00 price target on shares of Marriott International in a research note on Tuesday, January 9th. BidaskClub lowered Marriott International from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 10th. Finally, Barclays upped their target price on 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, nine have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $119.64.
Marriott International (MAR) opened at $145.24 on Tuesday. Marriott International has a 12 month low of $85.63 and a 12 month high of $149.21. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 1.83. The stock has a market capitalization of $52,950.00, a P/E ratio of 39.47, a price-to-earnings-growth ratio of 2.26 and a beta of 1.35.
Marriott International announced that its Board of Directors has initiated a stock buyback program on Thursday, November 9th that authorizes the company to buyback 30,000,000 shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.
In related news, EVP Anthony Capuano sold 19,510 shares of the company’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $133.51, for a total transaction of $2,604,780.10. Following the completion of the sale, the executive vice president now owns 23,159 shares in the company, valued at $3,091,958.09. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Eric Hippeau sold 4,863 shares of the company’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $125.98, for a total value of $612,640.74. Following the sale, the director now owns 34,245 shares of the company’s stock, valued at approximately $4,314,185.10. The disclosure for this sale can be found here. Insiders have sold 74,442 shares of company stock valued at $9,770,766 in the last quarter. 11.32% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in the stock. Baird Financial Group Inc. grew its holdings in Marriott International by 1.4% during the fourth quarter. Baird Financial Group Inc. now owns 27,074 shares of the company’s stock worth $3,675,000 after buying an additional 376 shares in the last quarter. Advantus Capital Management Inc grew its stake in Marriott International by 1.4% in the 3rd quarter. Advantus Capital Management Inc now owns 31,706 shares of the company’s stock valued at $3,496,000 after purchasing an additional 426 shares during the period. Piedmont Investment Advisors LLC grew its stake in Marriott International by 0.6% in the 3rd quarter. Piedmont Investment Advisors LLC now owns 71,759 shares of the company’s stock valued at $7,912,000 after purchasing an additional 433 shares during the period. HL Financial Services LLC grew its stake in Marriott International by 2.5% in the 3rd quarter. HL Financial Services LLC now owns 17,941 shares of the company’s stock valued at $1,978,000 after purchasing an additional 436 shares during the period. Finally, D Orazio & Associates Inc. grew its stake in Marriott International by 4.2% in the 4th quarter. D Orazio & Associates Inc. now owns 11,031 shares of the company’s stock valued at $1,497,000 after purchasing an additional 443 shares during the period. Institutional investors and hedge funds own 66.62% of the company’s stock.
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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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