Stock Worth Watching: Marriott International Inc Sets 52-Week High; Strong Momentum for Holders

Stock Worth Watching: Marriott International Inc Sets 52 Week High; Strong Momentum for Holders

The stock of Marriott International Inc (NASDAQ:MAR) hit a new 52-week high and has $81.89 target or 3.00% above today’s $79.50 share price. The 5 months bullish chart indicates low risk for the $30.91B company. The 1-year high was reported on Dec, 1 by Barchart.com. If the $81.89 price target is reached, the company will be worth $927.30M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 2.49M shares traded hands. Marriott International Inc (NASDAQ:MAR) has risen 13.78% since April 28, 2016 and is uptrending. It has outperformed by 7.85% the S&P500.

Analysts await Marriott International Inc (NASDAQ:MAR) to report earnings on February, 15. They expect $0.83 earnings per share, up 7.79% or $0.06 from last year’s $0.77 per share. MAR’s profit will be $322.71 million for 23.95 P/E if the $0.83 EPS becomes a reality. After $0.91 actual earnings per share reported by Marriott International Inc for the previous quarter, Wall Street now forecasts -8.79% negative EPS growth.

Marriott International Inc (NASDAQ:MAR) Ratings Coverage

Out of 13 analysts covering Marriott International (NASDAQ:MAR), 8 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 62% are positive. Marriott International has been the topic of 29 analyst reports since August 5, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained Marriott International Inc (NASDAQ:MAR) on Wednesday, November 4 with “Outperform” rating. The firm has “Buy” rating by Berenberg given on Tuesday, December 8. The rating was upgraded by Morgan Stanley on Monday, September 26 to “Overweight”. Canaccord Genuity upgraded Marriott International Inc (NASDAQ:MAR) on Friday, December 4 to “Buy” rating. On Wednesday, August 5 the stock rating was upgraded by Evercore to “Hold”. Raymond James downgraded Marriott International Inc (NASDAQ:MAR) on Wednesday, April 20 to “Market Perform” rating. The firm has “Neutral” rating given on Thursday, January 14 by M Partners. The stock of Marriott International Inc (NASDAQ:MAR) earned “Market Perform” rating by Telsey Advisory Group on Friday, September 23. Evercore maintained the shares of MAR in a report on Monday, September 7 with “Buy” rating. The stock of Marriott International Inc (NASDAQ:MAR) has “Buy” rating given on Thursday, September 24 by SunTrust.

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.”

Insitutional Activity: The institutional sentiment increased to 3.49 in 2016 Q2. Its up 2.41, from 1.08 in 2016Q1. The ratio is positive, 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.
Oppenheimer has invested 0.04% of its portfolio in Marriott International Inc (NASDAQ:MAR). Veritable L P holds 42,117 shares or 0.07% of its portfolio. Pinebridge Invests Ltd Partnership holds 83,976 shares or 0.29% of its portfolio. Yhb Investment accumulated 0.25% or 17,012 shares. First Tru Company holds 0.09% or 8,863 shares in its portfolio. The New York-based New York Life Tru Comm has invested 0.09% in Marriott International Inc (NASDAQ:MAR). Guardian Life Co Of America reported 714 shares or 0% of all its holdings. Patten accumulated 0% or 13,689 shares. Ridgeworth Capital Mgmt Lc has 0.41% invested in the company for 672,525 shares. Thompson Siegel & Walmsley Lc has 0% invested in the company for 856 shares. M&T National Bank & Trust reported 32,039 shares or 0.01% of all its holdings. Parametric Risk Advisors Ltd accumulated 13,800 shares or 0.06% of the stock. Parkside Fin Savings Bank & owns 2,309 shares or 0.07% of their US portfolio. Burney last reported 0.15% of its portfolio in the stock. Research Glob Invsts has 4.33 million shares for 0.1% of their US portfolio.

Insider Transactions: Since June 14, 2016, the stock had 0 insider purchases, and 12 sales for $36.32 million net activity. The insider MARRIOTT RICHARD E sold $5.00M. Capuano Anthony also sold $1.66M worth of Marriott International Inc (NASDAQ:MAR) on Friday, August 19. MARRIOTT JOHN W III had sold 50,000 shares worth $3.87M on Monday, November 21. $100,641 worth of Marriott International Inc (NASDAQ:MAR) was sold by Smith Craig S. on Tuesday, August 23. BUSH MARY K sold $115,133 worth of stock or 1,750 shares. On Monday, August 1 the insider Kyriakidis Argiris sold $214,470. Marriott Stephen Blake had sold 4,500 shares worth $331,515 on Thursday, November 10.

More important 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 article titled: “Marriott International Reaches Analyst Target Price”, Prnewswire.com published: “Marriott International Sells The St. Regis San Francisco; Retains Long-term …” on December 01, 2016. More interesting news about Marriott International Inc (NASDAQ:MAR) was released by: Nasdaq.com and their article: “Marriott International Inc. Earnings Climb 12% In Q3” with publication date: November 07, 2016.

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