Marriott International Inc. (NASDAQ:MAR) insider J W. Marriott, Jr. sold 28,515 shares of Marriott International stock in a transaction that occurred on Thursday, September 22nd. The shares were sold at an average price of $70.14, for a total value of $2,000,042.10. Following the sale, the insider now directly owns 240,024 shares in the company, valued at $16,835,283.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Marriott International Inc. (NASDAQ:MAR) opened at 67.05 on Wednesday. The company has a 50-day moving average of $70.82 and a 200 day moving average of $69.03. The company has a market cap of $17.06 billion, a P/E ratio of 19.98 and a beta of 1.25. Marriott International Inc. has a one year low of $56.43 and a one year high of $79.88.
Marriott International (NASDAQ:MAR) last announced its earnings results on Wednesday, July 27th. The company reported $1.03 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.98 by $0.05. The company earned $3.90 billion during the quarter, compared to the consensus estimate of $3.91 billion. Marriott International had a net margin of 5.87% and a negative return on equity of 25.25%. Marriott International’s revenue was up 5.8% compared to the same quarter last year. During the same period last year, the firm earned $0.82 earnings per share. Analysts anticipate that Marriott International Inc. will post $3.63 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 23rd will be paid a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, September 21st. This represents a $1.20 annualized dividend and a yield of 1.79%. Marriott International’s dividend payout ratio (DPR) is 35.71%.
Several analysts have weighed in on the company. Zacks Investment Research upgraded shares of Marriott International from a “sell” rating to a “hold” rating in a report on Monday, August 1st. Evercore ISI upgraded shares of Marriott International from a “hold” rating to a “buy” rating and set a $75.00 target price for the company in a report on Thursday, June 30th. Vetr lowered shares of Marriott International from a “buy” rating to a “hold” rating and set a $74.52 target price for the company. in a report on Tuesday, July 26th. Sanford C. Bernstein assumed coverage on shares of Marriott International in a report on Thursday, September 8th. They set an “outperform” rating and a $87.00 target price for the company. Finally, Telsey Advisory Group lowered their target price on shares of Marriott International from $74.00 to $70.00 and set a “market perform” rating for the company in a report on Friday, September 23rd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $78.09.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Gradient Investments LLC boosted its position in Marriott International by 0.4% in the second quarter. Gradient Investments LLC now owns 1,958 shares of the company’s stock worth $130,000 after buying an additional 8 shares in the last quarter. Commerce Bank boosted its position in Marriott International by 0.3% in the second quarter. Commerce Bank now owns 5,403 shares of the company’s stock worth $359,000 after buying an additional 18 shares in the last quarter. Bessemer Group Inc. boosted its position in Marriott International by 0.7% in the first quarter. Bessemer Group Inc. now owns 4,833 shares of the company’s stock worth $344,000 after buying an additional 35 shares in the last quarter. Trust Co. of Virginia VA boosted its position in Marriott International by 1.2% in the second quarter. Trust Co. of Virginia VA now owns 3,579 shares of the company’s stock worth $237,000 after buying an additional 41 shares in the last quarter. Finally, Mutual of America Capital Management LLC boosted its position in Marriott International by 0.3% in the second quarter. Mutual of America Capital Management LLC now owns 22,313 shares of the company’s stock worth $1,483,000 after buying an additional 77 shares in the last quarter. 73.73% of the stock is owned by institutional investors and hedge funds.
About Marriott International
Marriott International, Inc is a lodging company. The Company is an operator, franchisor and licensor of hotels and timeshare properties in approximately 90 countries and territories under over 20 brand names. It also develops, operates and markets residential properties, and provides services to home or condominium owner associations.
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