Marriott International (NASDAQ:MAR) Reaches New 1-Year High at $188.15

Marriott International, Inc. (NASDAQ:MARGet Rating)’s stock price reached a new 52-week high on Tuesday . The company traded as high as $188.15 and last traded at $187.44, with a volume of 36366 shares. The stock had previously closed at $183.15.

A number of analysts have recently weighed in on MAR shares. TheStreet upgraded shares of Marriott International from a “c+” rating to a “b-” rating in a research note on Monday, March 21st. BMO Capital Markets increased their price objective on shares of Marriott International from $170.00 to $178.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 16th. Wells Fargo & Company increased their price objective on shares of Marriott International from $185.00 to $199.00 in a research note on Wednesday, February 16th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Marriott International from $150.00 to $164.00 and gave the stock a “hold” rating in a research note on Wednesday, February 16th. Finally, Zacks Investment Research upgraded shares of Marriott International from a “hold” rating to a “strong-buy” rating and set a $205.00 price target on the stock in a research report on Friday, February 18th. Eight research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $179.36.

The company’s 50-day moving average price is $170.18 and its 200-day moving average price is $162.77. The firm has a market cap of $61.13 billion, a price-to-earnings ratio of 55.27 and a beta of 1.69. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 6.60.

Marriott International (NASDAQ:MARGet Rating) last posted its quarterly earnings results on Tuesday, February 15th. The company reported $1.30 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.02 by $0.28. The firm had revenue of $4.45 billion for the quarter, compared to the consensus estimate of $4.03 billion. Marriott International had a net margin of 7.93% and a return on equity of 125.04%. The company’s revenue for the quarter was up 104.7% on a year-over-year basis. During the same period last year, the firm posted $0.12 earnings per share. Analysts predict that Marriott International, Inc. will post 5.52 earnings per share for the current fiscal year.

In other Marriott International news, EVP Benjamin T. Breland sold 800 shares of Marriott International stock in a transaction dated Thursday, February 17th. The shares were sold at an average price of $179.41, for a total transaction of $143,528.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider William P. Brown sold 581 shares of Marriott International stock in a transaction dated Friday, March 25th. The stock was sold at an average price of $171.34, for a total transaction of $99,548.54. The disclosure for this sale can be found here. Over the last three months, insiders sold 16,726 shares of company stock worth $3,003,209. Insiders own 12.21% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the business. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of Marriott International by 3.4% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 20,810 shares of the company’s stock valued at $3,657,000 after acquiring an additional 687 shares during the last quarter. Junson Asset Management Hong Kong Ltd purchased a new stake in Marriott International during the 1st quarter worth approximately $2,962,000. Rockland Trust Co. lifted its holdings in Marriott International by 43.3% during the 1st quarter. Rockland Trust Co. now owns 2,567 shares of the company’s stock worth $451,000 after buying an additional 776 shares in the last quarter. Franklin Street Advisors Inc. NC grew its stake in shares of Marriott International by 6.8% in the first quarter. Franklin Street Advisors Inc. NC now owns 102,016 shares of the company’s stock worth $17,929,000 after acquiring an additional 6,525 shares in the last quarter. Finally, IFM Investors Pty Ltd increased its position in shares of Marriott International by 17.1% during the first quarter. IFM Investors Pty Ltd now owns 41,670 shares of the company’s stock worth $7,324,000 after acquiring an additional 6,093 shares during the period. Institutional investors and hedge funds own 59.16% of the company’s stock.

Marriott International Company Profile (NASDAQ:MAR)

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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