Marriott International, Inc. (NASDAQ:MAR – Get Rating) – Investment analysts at Jefferies Financial Group upped their FY2022 earnings per share (EPS) estimates for Marriott International in a research note issued to investors on Wednesday, May 4th. Jefferies Financial Group analyst D. Katz now forecasts that the company will post earnings per share of $6.14 for the year, up from their prior estimate of $5.70. Jefferies Financial Group currently has a “Buy” rating and a $208.00 price objective on the stock. Jefferies Financial Group also issued estimates for Marriott International’s FY2023 earnings at $7.33 EPS.
MAR has been the subject of several other research reports. StockNews.com initiated coverage on shares of Marriott International in a research note on Thursday, March 31st. They set a “hold” rating for the company. Zacks Investment Research cut shares of Marriott International from a “buy” rating to a “hold” rating and set a $200.00 price target on the stock. in a research report on Thursday, April 21st. Wells Fargo & Company raised their price objective on Marriott International from $185.00 to $199.00 in a research report on Wednesday, February 16th. Morgan Stanley lifted their price objective on Marriott International from $158.00 to $172.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 16th. Finally, Truist Financial upped their price objective on Marriott International from $156.00 to $182.00 and gave the company a “hold” rating in a research report on Wednesday, February 16th. Nine investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $179.36.
Marriott International (NASDAQ:MAR – Get Rating) last released its earnings results on Wednesday, May 4th. The company reported $1.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.30. The business had revenue of $4.20 billion during the quarter, compared to the consensus estimate of $4.23 billion. Marriott International had a net margin of 9.45% and a return on equity of 116.74%. The company’s revenue for the quarter was up 81.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.10 EPS.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 30th. Stockholders of record on Monday, May 16th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, May 13th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.70%.
In related news, President Stephanie Linnartz sold 2,448 shares of the business’s stock in a transaction on Friday, February 18th. The stock was sold at an average price of $178.54, for a total transaction of $437,065.92. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider William P. Brown sold 2,826 shares of the stock in a transaction dated Thursday, February 17th. The shares were sold at an average price of $179.82, for a total value of $508,171.32. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 20,373 shares of company stock worth $3,677,904. Insiders own 12.21% of the company’s stock.
Several hedge funds have recently made changes to their positions in the company. BlackRock Inc. increased its holdings in shares of Marriott International by 0.9% in the fourth quarter. BlackRock Inc. now owns 15,833,129 shares of the company’s stock valued at $2,616,267,000 after purchasing an additional 135,812 shares during the period. State Street Corp grew its holdings in Marriott International by 5.3% during the fourth quarter. State Street Corp now owns 12,139,062 shares of the company’s stock worth $2,005,859,000 after acquiring an additional 609,192 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in Marriott International by 9.2% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 6,494,326 shares of the company’s stock worth $1,073,124,000 after acquiring an additional 548,671 shares during the period. Capital World Investors grew its holdings in Marriott International by 0.6% during the fourth quarter. Capital World Investors now owns 5,535,829 shares of the company’s stock worth $914,740,000 after acquiring an additional 32,934 shares during the period. Finally, Geode Capital Management LLC grew its holdings in Marriott International by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 4,435,619 shares of the company’s stock worth $730,760,000 after acquiring an additional 113,388 shares during the period. 59.86% of the stock is currently owned by institutional investors and hedge funds.
Marriott International Company Profile (Get Rating)
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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