Marriott International Inc (MAR) Insider Sells $2,030,617.60 in Stock

Marriott International Inc (NASDAQ:MAR) insider Craig S. Smith sold 14,422 shares of the stock in a transaction that occurred on Tuesday, March 20th. The stock was sold at an average price of $140.80, for a total transaction of $2,030,617.60. Following the completion of the transaction, the insider now owns 34,899 shares in the company, valued at $4,913,779.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Shares of Marriott International stock opened at $133.76 on Friday. The company has a debt-to-equity ratio of 2.10, a current ratio of 0.46 and a quick ratio of 0.46. The stock has a market cap of $48,984.49, a price-to-earnings ratio of 37.16, a PEG ratio of 2.44 and a beta of 1.35. Marriott International Inc has a 52 week low of $90.00 and a 52 week high of $149.21.

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Marriott International (NASDAQ:MAR) last announced its quarterly earnings data on Wednesday, February 14th. The company reported $1.12 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.00 by $0.12. The firm had revenue of $5.88 billion during the quarter, compared to analysts’ expectations of $5.61 billion. Marriott International had a net margin of 5.99% and a return on equity of 36.15%. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.85 earnings per share. research analysts anticipate that Marriott International Inc will post 5.33 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Friday, February 23rd will be paid a $0.33 dividend. The ex-dividend date is Thursday, February 22nd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.99%. Marriott International’s dividend payout ratio (DPR) is presently 36.67%.

Several research analysts have weighed in on the stock. BidaskClub upgraded shares of Marriott International from a “buy” rating to a “strong-buy” rating in a research report on Thursday, December 21st. Royal Bank of Canada increased their price target on shares of Marriott International to $159.00 and gave the stock an “outperform” rating in a research report on Monday, January 29th. ValuEngine upgraded shares of Marriott International from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Susquehanna Bancshares reiterated a “positive” rating and issued a $161.00 price target (up from $145.00) on shares of Marriott International in a research report on Tuesday, February 13th. Finally, Morgan Stanley reiterated a “buy” rating on shares of Marriott International in a research report on Friday, December 8th. Nine equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Marriott International has an average rating of “Buy” and a consensus target price of $124.41.

Several hedge funds and other institutional investors have recently made changes to their positions in MAR. Two Sigma Investments LP purchased a new stake in shares of Marriott International in the fourth quarter worth $185,269,000. Two Sigma Advisers LP increased its stake in shares of Marriott International by 93.4% in the fourth quarter. Two Sigma Advisers LP now owns 1,767,082 shares of the company’s stock worth $239,846,000 after purchasing an additional 853,341 shares in the last quarter. Janus Henderson Group PLC grew its stake in Marriott International by 88.6% during the third quarter. Janus Henderson Group PLC now owns 1,673,540 shares of the company’s stock valued at $184,524,000 after acquiring an additional 786,050 shares in the last quarter. Cbre Clarion Securities LLC purchased a new position in Marriott International during the fourth quarter valued at $104,785,000. Finally, Deutsche Bank AG grew its stake in Marriott International by 83.9% during the fourth quarter. Deutsche Bank AG now owns 1,313,016 shares of the company’s stock valued at $178,209,000 after acquiring an additional 599,099 shares in the last quarter. 65.59% of the stock is owned by hedge funds and other institutional investors.

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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.

Insider Buying and Selling by Quarter for Marriott International (NASDAQ:MAR)

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