November 23, 2016 - By Ruchi Gupta
Mr. David Rodriguez, the Chief Human Resources Officer at Marriott International Inc has not a long ago been linked with a stock market deal of 1,582 shares of the company, valued at $77.5 per share. The sell was worth of $122,652 US Dollars. David Rodriguez now owns 51,670 shares of the Company.
Out of 12 analysts covering Marriott International (NASDAQ:MAR), 8 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 67% are positive. $93 is the highest target while $61.0 is the lowest. The $76.53 average target is -1.56% below today’s ($77.74) stock price. Marriott International has been the topic of 28 analyst reports since August 5, 2015 according to StockzIntelligence Inc. Goldman Sachs initiated the stock with “Buy” rating in Monday, September 26 report. SunTrust upgraded it to “Buy” rating and $92 target price in Thursday, September 24 report. Morgan Stanley upgraded Marriott International Inc (NASDAQ:MAR) on Monday, September 26 to “Overweight” rating. The rating was upgraded by Canaccord Genuity to “Buy” on Friday, December 4. Berenberg initiated Marriott International Inc (NASDAQ:MAR) on Tuesday, December 8 with “Buy” rating. Telsey Advisory Group maintained it with “Market Perform” rating and $70 target price in Friday, September 23 report. The firm has “Buy” rating by Evercore given on Monday, September 7. RBC Capital Markets maintained the shares of MAR in a report on Wednesday, November 4 with “Outperform” rating. The stock of Marriott International Inc (NASDAQ:MAR) earned “Neutral” rating by M Partners on Thursday, January 14. The firm has “Buy” rating by Zacks given on Friday, August 21.
Insitutional Activity: The institutional sentiment increased to 3.49 in 2016 Q2. Its up 2.41, from 1.08 in 2016Q1. The ratio improved, as 49 funds sold all Marriott International Inc shares owned while 177 reduced positions. 62 funds bought stakes while 181 increased positions. They now own 186.02 million shares or 12.43% more from 165.45 million shares in 2016Q1.
Synovus Fincl Corporation holds 0% of its portfolio in Marriott International Inc (NASDAQ:MAR) for 1,680 shares. California Employees Retirement Systems has 579,058 shares for 0.06% of their US portfolio. Teacher Retirement Systems Of Texas has 67,314 shares for 0.03% of their US portfolio. Ncm Capital Advisers owns 9,476 shares or 1.81% of their US portfolio. Livforsakringsbolaget Skandia Omsesidigt, a Sweden-based fund reported 16,387 shares. Wetherby Asset Management owns 5,893 shares or 0.09% of their US portfolio. Amalgamated National Bank & Trust last reported 0.07% of its portfolio in the stock. Epoch Investment Ptnrs reported 25,398 shares or 0.01% of all its holdings. Of Virginia Va has 0.04% invested in the company for 3,579 shares. Parametric Risk Ltd holds 0.06% or 13,800 shares in its portfolio. Blackrock Institutional Na has 5.79M shares for 0.06% of their US portfolio. Duncker Streett has 0.1% invested in the company for 4,032 shares. Clean Yield Grp Inc, a Vermont-based fund reported 606 shares. Tiaa Cref Lc holds 742,034 shares or 0.04% of its portfolio. Nuveen Asset Mngmt Ltd Com has 353,358 shares for 0.14% of their US portfolio.
Insider Transactions: Since June 14, 2016, the stock had 0 buys, and 11 insider sales for $36.20 million net activity. Another trade for 22,538 shares valued at $1.66 million was made by Capuano Anthony on Friday, August 19. Marriott Stephen Blake had sold 4,500 shares worth $331,515. The insider MARRIOTT J W JR sold $2.00 million. BUSH MARY K sold $115,133 worth of Marriott International Inc (NASDAQ:MAR) on Tuesday, June 14. 1,373 shares were sold by Smith Craig S., worth $100,641. 8,744 shares with value of $674,353 were sold by Ryan Edward A on Monday, November 21. MARRIOTT RICHARD E also sold $21.03 million worth of Marriott International Inc (NASDAQ:MAR) on Wednesday, September 21.
About 176,198 shares traded hands. Marriott International Inc (NASDAQ:MAR) has risen 14.10% since April 21, 2016 and is uptrending. It has outperformed by 8.77% the S&P500.
Marriott International, Inc. is a lodging company. The company has a market cap of $30.58 billion. The Firm is an operator, franchisor and licensor of hotels and timeshare properties in approximately 90 countries and territories under over 20 brand names. It has a 27.43 P/E ratio. It operates through three divisions: North American Full-Service, which includes brands, such as The Ritz-Carlton, EDITION, JW Marriott, Autograph Collection Hotels, Marriott Hotels, Delta Hotels and Resorts, and Renaissance Hotels located in the United States and Canada; North American Limited-Service, which includes brands, such as AC Hotels by Marriott, Courtyard, Residence Inn, SpringHill Suites, TownePlace Suites properties and Fairfield Inn & Suites located in the United States and Canada, and International, which includes brands, such as Bulgari Hotels & Resorts, Protea Hotels and Moxy Hotels located outside the United States and Canada.
According to Zacks Investment Research, “Marriott International, Inc. operates and franchises hotels under the Marriott, JW Marriott, The Ritz-Carlton, Renaissance, Residence Inn, Courtyard, TownePlace Suites, Fairfield Inn, SpringHill Suites and Ramada International brand names; develops and operates vacation ownership resorts under the Marriott Vacation Club International, Horizons, The Ritz-Carlton Club and Marriott Grand Residence Club brands; operates Marriott Executive Apartments; provides furnished corporate housing through its Marriott ExecuStay division; and operates conference centers.”
Analysts await Marriott International Inc (NASDAQ:MAR) to report earnings on February, 15. They expect $0.83 EPS, up 7.79% or $0.06 from last year’s $0.77 per share. MAR’s profit will be $326.41 million for 23.42 P/E if the $0.83 EPS becomes a reality. After $0.91 actual EPS reported by Marriott International Inc for the previous quarter, Wall Street now forecasts -8.79% negative EPS growth.
More notable recent Marriott International Inc (NASDAQ:MAR) news were published by: Businesswire.com which released: “Correction: Fitch Affirms Marriott International, Inc.; Maintains Positive Outlook” on November 16, 2016, also Prnewswire.com with their article: “Marriott International Continues Expansion in Latin America with the Signing ..” published on November 23, 2016, Prnewswire.com published: “Marriott Commences Offers To Exchange Five Series Of Starwood Notes For ..” on November 18, 2016. More interesting news about Marriott International Inc (NASDAQ:MAR) were released by: Prnewswire.com and their article: “Bill Marriott, Executive Chairman and Chairman of the Board of Marriott ..” published on November 21, 2016 as well as Forbes.com‘s news article titled: “Ex-Dividend Reminder: Hershey, Core Mark Holding and Marriott International” with publication date: November 17, 2016.
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By Ruchi Gupta