November 25, 2016 - By Louis Casey · 0 Comments
Marriott International Inc (NASDAQ:MAR) institutional sentiment increased to 3.49 in Q2 2016. Its up 2.41, from 1.08 in 2016Q1. The ratio is positive, as 243 investment professionals increased or opened new holdings, while 226 cut down and sold their holdings in Marriott International Inc. The investment professionals in our partner’s database reported: 186.02 million shares, up from 165.45 million shares in 2016Q1. Also, the number of investment professionals holding Marriott International Inc in their top 10 holdings increased from 7 to 8 for an increase of 1. Sold All: 49 Reduced: 177 Increased: 181 New Position: 62.
Marriott International, Inc. is a lodging company. The company has a market cap of $30.75 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 27.7 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.
The stock increased 0.56% or $0.44 during the last trading session, hitting $78.52. About 1.05M shares traded hands. Marriott International Inc (NASDAQ:MAR) has risen 17.34% since April 22, 2016 and is uptrending. It has outperformed by 11.93% the S&P500.
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 $325.04 million for 23.65 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.
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.”
Long Pond Capital Lp holds 5.72% of its portfolio in Marriott International Inc for 1.84 million shares. Highfields Capital Management Lp owns 9.21 million shares or 5.33% of their US portfolio. Moreover, Savant Capital Llc has 5.17% invested in the company for 266,759 shares. The Connecticut-based Land & Buildings Investment Management Llc has invested 4.24% in the stock. Lomas Capital Management Llc, a New York-based fund reported 266,364 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 insider buys, and 12 insider sales for $36.32 million net activity.
Ratings analysis reveals 67% of Marriott International’s analysts are positive. Out of 12 Wall Street analysts rating Marriott International, 8 give it “Buy”, 0 “Sell” rating, while 4 recommend “Hold”. The lowest target is $61.0 while the high is $93. The stock’s average target of $76.53 is -2.53% below today’s ($78.52) share price. MAR was included in 28 notes of analysts from August 5, 2015. The firm has “Market Perform” rating by Raymond James given on Wednesday, April 20. As per Wednesday, August 5, the company rating was upgraded by Evercore. The firm earned “Buy” rating on Wednesday, March 23 by Canaccord Genuity. Telsey Advisory Group maintained the stock with “Market Perform” rating in Friday, September 23 report. The rating was initiated by Goldman Sachs with “Buy” on Monday, September 26. On Wednesday, November 4 the stock rating was maintained by RBC Capital Markets with “Outperform”. The company was maintained on Monday, September 7 by Evercore. Zacks downgraded Marriott International Inc (NASDAQ:MAR) on Friday, August 21 to “Buy” rating. The stock of Marriott International Inc (NASDAQ:MAR) earned “Buy” rating by SunTrust on Thursday, September 24. The firm has “Overweight” rating by Morgan Stanley given on Monday, September 26.
More recent Marriott International Inc (NASDAQ:MAR) news were published by: Prnewswire.com which released: “Marriott International Continues Expansion in Latin America with the Signing …” on November 23, 2016. Also Forbes.com published the news titled: “Marriott International Reaches Analyst Target Price” on November 15, 2016. Businesswire.com‘s news article titled: “Correction: Fitch Affirms Marriott International, Inc.; Maintains Positive Outlook” with publication date: November 16, 2016 was also an interesting one.
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By Louis Casey