Marriott International (NASDAQ:MAR) Upgraded by Berenberg Bank to “Buy”

Berenberg Bank upgraded shares of Marriott International (NASDAQ:MARGet Rating) from a hold rating to a buy rating in a research report sent to investors on Thursday, Marketbeat reports. The brokerage currently has $185.00 target price on the stock, up from their prior target price of $165.00.

Other analysts have also issued reports about the company. StockNews.com raised Marriott International from a hold rating to a buy rating in a report on Friday, August 12th. Stifel Nicolaus lifted their target price on shares of Marriott International from $150.00 to $161.00 in a report on Tuesday, August 2nd. TheStreet raised shares of Marriott International from a c+ rating to a b- rating in a report on Tuesday, August 16th. Robert W. Baird upped their price objective on shares of Marriott International to $183.00 in a research report on Tuesday, August 9th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on shares of Marriott International from $164.00 to $155.00 in a research note on Wednesday, August 3rd. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average target price of $177.71.

Marriott International Stock Down 0.0 %

Shares of MAR stock opened at $162.51 on Thursday. Marriott International has a fifty-two week low of $131.01 and a fifty-two week high of $195.90. The firm has a market capitalization of $52.74 billion, a PE ratio of 30.72, a P/E/G ratio of 0.60 and a beta of 1.61. The company has a debt-to-equity ratio of 4.64, a quick ratio of 0.45 and a current ratio of 0.45. The stock’s 50-day simple moving average is $155.20 and its 200-day simple moving average is $161.35.

Marriott International (NASDAQ:MARGet Rating) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $1.80 EPS for the quarter, beating the consensus estimate of $1.55 by $0.25. Marriott International had a net margin of 9.72% and a return on equity of 120.01%. The business had revenue of $5.34 billion during the quarter, compared to analysts’ expectations of $4.96 billion. During the same period in the previous year, the business posted $0.79 EPS. The business’s quarterly revenue was up 69.5% compared to the same quarter last year. Equities analysts expect that Marriott International will post 6.52 earnings per share for the current year.

Marriott International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Thursday, August 18th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date is Wednesday, August 17th. Marriott International’s dividend payout ratio is presently 22.68%.

Insider Activity

In other Marriott International news, Director Eric Hippeau sold 13,987 shares of the stock in a transaction dated Thursday, September 8th. The shares were sold at an average price of $158.77, for a total transaction of $2,220,715.99. Following the completion of the transaction, the director now owns 14,461 shares of the company’s stock, valued at $2,295,972.97. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 12.21% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. B. Riley Wealth Management Inc. lifted its stake in Marriott International by 57.8% during the 2nd quarter. B. Riley Wealth Management Inc. now owns 5,721 shares of the company’s stock worth $4,311,000 after acquiring an additional 2,096 shares in the last quarter. Amundi lifted its position in shares of Marriott International by 74.5% during the second quarter. Amundi now owns 507,380 shares of the company’s stock worth $71,430,000 after purchasing an additional 216,672 shares in the last quarter. Cim Investment Management Inc. purchased a new position in shares of Marriott International in the second quarter valued at approximately $282,000. Verition Fund Management LLC increased its stake in Marriott International by 504.2% during the 2nd quarter. Verition Fund Management LLC now owns 20,646 shares of the company’s stock worth $2,808,000 after buying an additional 17,229 shares during the period. Finally, Prelude Capital Management LLC lifted its holdings in Marriott International by 54.3% during the 2nd quarter. Prelude Capital Management LLC now owns 7,201 shares of the company’s stock worth $979,000 after buying an additional 2,534 shares in the last quarter. 70.95% of the stock is currently owned by hedge funds and other institutional investors.

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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Analyst Recommendations for Marriott International (NASDAQ:MAR)

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