Marriott International, Inc. (NASDAQ:MAR – Free Report) – Analysts at Zacks Research lowered their FY2023 earnings per share (EPS) estimates for shares of Marriott International in a research report issued to clients and investors on Thursday, September 14th. Zacks Research analyst H. Ray now expects that the company will post earnings per share of $8.57 for the year, down from their previous forecast of $8.60. The consensus estimate for Marriott International’s current full-year earnings is $8.65 per share. Zacks Research also issued estimates for Marriott International’s Q4 2023 earnings at $2.21 EPS, Q1 2024 earnings at $2.18 EPS, Q3 2024 earnings at $2.42 EPS, Q4 2024 earnings at $2.22 EPS, FY2024 earnings at $9.28 EPS, Q1 2025 earnings at $2.20 EPS and FY2025 earnings at $10.30 EPS.
Other research analysts also recently issued reports about the company. Argus lifted their target price on Marriott International from $208.00 to $232.00 and gave the stock a “buy” rating in a report on Wednesday, August 2nd. TD Cowen raised their price target on shares of Marriott International from $185.00 to $215.00 and gave the stock an “outperform” rating in a report on Tuesday, September 12th. Morgan Stanley raised their price target on shares of Marriott International from $208.00 to $225.00 and gave the stock an “overweight” rating in a report on Wednesday, August 2nd. Sanford C. Bernstein lowered shares of Marriott International from an “outperform” rating to a “market perform” rating and raised their price target for the stock from $204.00 to $218.00 in a report on Monday, August 14th. Finally, BMO Capital Markets lifted their price objective on Marriott International from $192.00 to $210.00 and gave the stock a “market perform” rating in a research report on Wednesday, August 2nd. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $211.08.
Marriott International Stock Down 0.5 %
Shares of MAR opened at $203.16 on Monday. The company has a market capitalization of $60.59 billion, a PE ratio of 22.90, a PEG ratio of 1.36 and a beta of 1.59. Marriott International has a 12 month low of $135.90 and a 12 month high of $210.98. The stock’s 50-day moving average price is $200.47 and its two-hundred day moving average price is $181.87. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 73.56.
Marriott International (NASDAQ:MAR – Get Free Report) last announced its quarterly earnings results on Tuesday, August 1st. The company reported $2.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.19 by $0.07. Marriott International had a net margin of 12.15% and a return on equity of 649.26%. The firm had revenue of $6.08 billion during the quarter, compared to analysts’ expectations of $5.98 billion. During the same period in the prior year, the company posted $1.80 EPS. The company’s revenue was up 13.8% on a year-over-year basis.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in the company. Geneos Wealth Management Inc. grew its position in Marriott International by 27.7% during the first quarter. Geneos Wealth Management Inc. now owns 2,308 shares of the company’s stock valued at $383,000 after buying an additional 500 shares during the period. Evermay Wealth Management LLC grew its position in Marriott International by 4.3% during the first quarter. Evermay Wealth Management LLC now owns 3,436 shares of the company’s stock valued at $571,000 after buying an additional 141 shares during the period. AE Wealth Management LLC grew its position in Marriott International by 11.5% during the first quarter. AE Wealth Management LLC now owns 41,046 shares of the company’s stock valued at $6,815,000 after buying an additional 4,218 shares during the period. Pacer Advisors Inc. lifted its stake in Marriott International by 249.1% in the first quarter. Pacer Advisors Inc. now owns 39,762 shares of the company’s stock valued at $6,602,000 after purchasing an additional 28,372 shares during the last quarter. Finally, ProShare Advisors LLC lifted its stake in Marriott International by 8.3% in the first quarter. ProShare Advisors LLC now owns 305,940 shares of the company’s stock valued at $50,798,000 after purchasing an additional 23,356 shares during the last quarter. 58.79% of the stock is owned by institutional investors.
Insider Transactions at Marriott International
In other news, Director Eric Hippeau sold 4,300 shares of the business’s stock in a transaction dated Thursday, June 22nd. The shares were sold at an average price of $174.39, for a total transaction of $749,877.00. Following the completion of the sale, the director now directly owns 4,072 shares of the company’s stock, valued at $710,116.08. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, Director Eric Hippeau sold 4,300 shares of Marriott International stock in a transaction that occurred on Thursday, June 22nd. The stock was sold at an average price of $174.39, for a total transaction of $749,877.00. Following the transaction, the director now owns 4,072 shares of the company’s stock, valued at $710,116.08. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider David S. Marriott sold 35,000 shares of Marriott International stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $203.40, for a total value of $7,119,000.00. Following the transaction, the insider now directly owns 401,928 shares in the company, valued at approximately $81,752,155.20. The disclosure for this sale can be found here. Insiders have sold 103,723 shares of company stock valued at $21,070,240 over the last ninety days. 12.32% of the stock is owned by company insiders.
Marriott International Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Thursday, August 17th will be given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date is Wednesday, August 16th. Marriott International’s payout ratio is 23.45%.
Marriott International Company Profile
Marriott International, Inc operates, franchises, and licenses hotel, residential, timeshare, and other lodging 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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