Marriott International (MAR) Short Interest Update

Marriott International (NASDAQ:MAR) saw a significant growth in short interest during the month of August. As of August 31st, there was short interest totalling 12,659,690 shares, a growth of 15.7% from the August 15th total of 10,943,573 shares. Approximately 4.0% of the company’s stock are sold short. Based on an average trading volume of 1,842,220 shares, the days-to-cover ratio is currently 6.9 days.

A number of analysts have weighed in on the stock. Robert W. Baird reissued a “hold” rating and set a $103.00 price objective on shares of Marriott International in a report on Sunday. Wolfe Research raised shares of Marriott International from a “market perform” rating to an “outperform” rating in a report on Wednesday, August 30th. Berenberg Bank reissued a “buy” rating and set a $125.00 price objective on shares of Marriott International in a report on Friday, August 18th. BidaskClub cut shares of Marriott International from a “strong-buy” rating to a “buy” rating in a report on Monday, August 14th. Finally, UBS AG reissued a “neutral” rating and set a $101.00 price objective (up previously from $98.00) on shares of Marriott International in a report on Monday, August 14th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eleven have given a buy rating to the stock. Marriott International currently has an average rating of “Hold” and a consensus price target of $100.81.

In related news, insider J W. Marriott, Jr. sold 26,362 shares of Marriott International stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $101.78, for a total value of $2,683,124.36. Following the completion of the transaction, the insider now owns 203,286 shares in the company, valued at $20,690,449.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mary K. Bush sold 1,200 shares of Marriott International stock in a transaction that occurred on Friday, June 30th. The stock was sold at an average price of $100.89, for a total transaction of $121,068.00. Following the completion of the transaction, the director now owns 1,101 shares of the company’s stock, valued at approximately $111,079.89. The disclosure for this sale can be found here. Insiders sold 94,191 shares of company stock valued at $9,512,282 in the last quarter. 11.32% of the stock is owned by insiders.

A number of hedge funds have recently made changes to their positions in MAR. BlackRock Inc. boosted its stake in Marriott International by 2,076.2% during the first quarter. BlackRock Inc. now owns 18,978,323 shares of the company’s stock valued at $1,787,379,000 after buying an additional 18,106,240 shares in the last quarter. FMR LLC boosted its stake in Marriott International by 112.2% during the first quarter. FMR LLC now owns 11,625,543 shares of the company’s stock valued at $1,094,894,000 after buying an additional 6,147,789 shares in the last quarter. Capital Research Global Investors boosted its stake in Marriott International by 7.2% during the second quarter. Capital Research Global Investors now owns 12,763,000 shares of the company’s stock valued at $1,280,257,000 after buying an additional 862,710 shares in the last quarter. Janus Henderson Group PLC boosted its stake in Marriott International by 1,881.3% during the second quarter. Janus Henderson Group PLC now owns 887,490 shares of the company’s stock valued at $89,025,000 after buying an additional 842,696 shares in the last quarter. Finally, TIAA CREF Investment Management LLC boosted its stake in Marriott International by 35.5% during the first quarter. TIAA CREF Investment Management LLC now owns 2,627,606 shares of the company’s stock valued at $247,468,000 after buying an additional 689,051 shares in the last quarter. 65.88% of the stock is owned by institutional investors and hedge funds.

Shares of Marriott International (NASDAQ:MAR) opened at 107.35 on Wednesday. Marriott International has a 12 month low of $65.91 and a 12 month high of $110.51. The firm’s 50 day moving average is $102.54 and its 200 day moving average is $99.47. The stock has a market capitalization of $39.98 billion, a price-to-earnings ratio of 35.23 and a beta of 1.36.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings results on Monday, August 7th. The company reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.11. Marriott International had a return on equity of 26.26% and a net margin of 5.27%. The company had revenue of $5.80 billion for the quarter, compared to analyst estimates of $5.73 billion. During the same period last year, the company earned $1.03 earnings per share. The company’s quarterly revenue was up 48.5% compared to the same quarter last year. On average, equities analysts predict that Marriott International will post $4.13 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Thursday, August 24th will be paid a dividend of $0.33 per share. The ex-dividend date is Tuesday, August 22nd. This represents a $1.32 annualized dividend and a yield of 1.23%. Marriott International’s dividend payout ratio is currently 45.52%.

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About Marriott International

Marriott International, Inc (Marriott International) is a lodging company. Marriott International operates in three business segments: North American Full-Service, North American Limited-Service and International. Its North American Full-Service segment includes its Luxury and Premium brands (JW Marriott, Marriott Hotels, Sheraton, Westin, Renaissance Hotels, Le Meridien, Autograph Collection Hotels, Delta Hotels, Gaylord Hotels, and Tribute Portfolio) located in the United States and Canada.

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