Jefferies Financial Group Downgrades Marriott International (NASDAQ:MAR) to Hold

Jefferies Financial Group cut shares of Marriott International (NASDAQ:MARGet Rating) from a buy rating to a hold rating in a research note issued to investors on Monday, The Fly reports. Jefferies Financial Group currently has $166.00 price target on the stock.

MAR has been the topic of several other research reports. Redburn Partners began coverage on Marriott International in a report on Wednesday, November 30th. They issued a sell rating on the stock. StockNews.com downgraded Marriott International from a buy rating to a hold rating in a report on Friday, November 4th. Morgan Stanley began coverage on Marriott International in a report on Monday, December 5th. They issued an overweight rating and a $190.00 price target on the stock. Barclays downgraded Marriott International from an overweight rating to an equal weight rating and raised their price target for the stock from $163.00 to $170.00 in a report on Thursday, December 15th. Finally, Berenberg Bank upgraded Marriott International from a hold rating to a buy rating and raised their target price for the company from $165.00 to $185.00 in a research report on Thursday, September 15th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of Hold and an average price target of $174.36.

Marriott International Trading Down 0.6 %

NASDAQ:MAR opened at $152.53 on Monday. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 8.33. The business’s 50 day moving average is $155.84 and its two-hundred day moving average is $152.63. Marriott International has a 52 week low of $131.01 and a 52 week high of $195.90. The company has a market cap of $48.28 billion, a PE ratio of 23.25, a P/E/G ratio of 0.54 and a beta of 1.56.

Marriott International (NASDAQ:MARGet Rating) last released its earnings results on Thursday, November 3rd. The company reported $1.69 EPS for the quarter, hitting analysts’ consensus estimates of $1.69. Marriott International had a return on equity of 132.01% and a net margin of 11.16%. The company had revenue of $5.31 billion for the quarter, compared to the consensus estimate of $5.27 billion. On average, analysts predict that Marriott International will post 6.55 EPS for the current year.

Marriott International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 30th. Investors of record on Wednesday, November 23rd were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date was Tuesday, November 22nd. Marriott International’s payout ratio is 24.39%.

Marriott International declared that its Board of Directors has initiated a share buyback program on Thursday, November 10th that authorizes the company to repurchase 25,000,000 outstanding shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling

In related news, Director Eric Hippeau sold 7,200 shares of Marriott International stock in a transaction on Monday, November 21st. The stock was sold at an average price of $160.24, for a total value of $1,153,728.00. Following the transaction, the director now directly owns 7,261 shares in the company, valued at approximately $1,163,502.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP Benjamin T. Breland sold 625 shares of the firm’s stock in a transaction on Friday, November 11th. The stock was sold at an average price of $162.00, for a total value of $101,250.00. Following the completion of the sale, the executive vice president now owns 7,102 shares of the company’s stock, valued at $1,150,524. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Eric Hippeau sold 7,200 shares of the firm’s stock in a transaction on Monday, November 21st. The stock was sold at an average price of $160.24, for a total value of $1,153,728.00. Following the completion of the sale, the director now directly owns 7,261 shares of the company’s stock, valued at approximately $1,163,502.64. The disclosure for this sale can be found here. Insiders own 12.21% of the company’s stock.

Institutional Trading of Marriott International

Several hedge funds and other institutional investors have recently modified their holdings of MAR. Vigilant Capital Management LLC boosted its position in Marriott International by 72.2% during the third quarter. Vigilant Capital Management LLC now owns 186 shares of the company’s stock valued at $26,000 after purchasing an additional 78 shares during the last quarter. Investors Asset Management of Georgia Inc. GA ADV acquired a new stake in Marriott International during the second quarter valued at $27,000. Desjardins Global Asset Management Inc. acquired a new stake in Marriott International during the second quarter valued at $27,000. Old North State Trust LLC acquired a new stake in Marriott International during the third quarter valued at $27,000. Finally, American National Bank acquired a new stake in Marriott International during the second quarter valued at $28,000. Institutional investors and hedge funds own 58.97% of the company’s stock.

About Marriott International

(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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