Marriott International Inc. (NASDAQ: MAR) stock jumped 1.99% on Thursday to $204.21 against a previous-day closing price of $200.23. With 1.73 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.03 million shares. During the session, the Lodging company that operates in wider Consumer Cyclical sector, reached to the highest price of $205.19 whereas the lowest price it dropped to was $200.04. The 52-week range on MAR shows that it touched its highest point at $210.98 and its lowest point at $135.90 during that stretch. It currently has a 1-year price target of $204.99. With its current market cap of 59.25 billion, MAR has annualized dividend of $2.08 while the current yield stands at 1.02%. Beta for the stock currently stands at 1.60.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of MAR was up-trending over the past week, with a rise of 2.17%, but this was down by -0.87% over a month. Three-month performance surged to 12.54% while six-month performance rose 28.98%. The stock gained 29.35% in the past year, while it has gained 37.15% so far this year. A look at the trailing 12-month EPS for MAR yields 8.87 with Next year EPS estimates of 9.54. For the next quarter, that number is 2.09. This implies an EPS growth rate of 116.90% for this year and 10.83% for next year. EPS is expected to grow by 17.60% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 6.00%.
Float and Shares Shorts:
At present, 303.60 million MAR shares are outstanding with a float of 238.89 million shares on hand for trading. On Aug 30, 2023, short shares totaled 7.12 million, which was 2.39% higher than short shares on Jul 30, 2023. In addition to Mr. Anthony G. Capuano Jr. as the firm’s Pres, CEO & Director, Ms. Kathleen Kelly Oberg serves as its CFO & Exec. VP of Devel.
Through their ownership of 61.49% of MAR’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 34.93% of MAR, in contrast to 25.32% held by mutual funds. Shares owned by individuals account for 19.15%. As the largest shareholder in MAR with 6.71% of the stake, The Vanguard Group, Inc. holds 20,362,078 shares worth 20,362,078. A second-largest stockholder of MAR, BlackRock Fund Advisors, holds 10,648,866 shares, controlling over 3.51% of the firm’s shares. SSgA Funds Management, Inc. is the third largest shareholder in MAR, holding 10,104,387 shares or 3.33% stake. With a 2.65% stake in MAR, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 8,038,899 shares are owned by the mutual fund manager. The Vanguard 500 Index Fund, which owns about 2.04% of MAR stock, is the second-largest Mutual Fund holder. It holds 6,174,506 shares valued at 1.25 billion. Invesco QQQ Trust holds 1.72% of the stake in MAR, owning 5,204,457 shares worth 1.05 billion.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 29, 2023, MAR reported revenue of $5.34B and operating income of $950.00M. The EBITDA in the recently reported quarter was $1.04B and diluted EPS was $2.06.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for MAR since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With MAR analysts setting a high price target of $230.00 and a low target of $160.00, the average target price over the next 12 months is $209.35. Based on these targets, MAR could surge 12.63% to reach the target high and fall by -21.65% to reach the target low. Reaching the average price target will result in a growth of 2.52% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Dividends & Yield:
In terms of dividends, MAR has a current ratio of $2.08, which is $2.08 over the trailing 12-months, while a dividend of $1.33 is likely to be paid on average over the next five years. Dividend yield is another indicator that appeals to many investors, and MAR currently yields $0.9. In the past year, MAR’s dividend yield has been $0.9, but when looking at the stock over the past five years, its yield has been $1.1. Accordingly, MAR has a current buyback yield of $7.08. This was $7.08 for the TTM, and it was $4.62 for the past five years.
Summary of Insider Activity:
Insiders traded MAR stock several times over the past three months with 3 Buys and 15 Sells. In these transactions, 6,755 shares were bought while 168,475 shares were sold. The number of buy transactions has increased to 39 while that of sell transactions has risen to 51 over the past year. The total number of shares bought during that period was 135,403 while 464,198 shares were sold.