Marriott International Inc. (NASDAQ:MAR) insider J W. Marriott, Jr. sold 28,515 shares of the company’s stock in a transaction that occurred on Thursday, September 22nd. The stock was sold at an average price of $70.14, for a total value of $2,000,042.10. Following the transaction, the insider now owns 240,024 shares in the company, valued at approximately $16,835,283.36. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Marriott International Inc. (NASDAQ:MAR) opened at 67.15 on Tuesday. Marriott International Inc. has a one year low of $56.43 and a one year high of $79.88. The company has a 50-day moving average price of $70.98 and a 200-day moving average price of $69.05. The company has a market capitalization of $17.08 billion, a PE ratio of 20.01 and a beta of 1.25.
Marriott International (NASDAQ:MAR) last announced its quarterly earnings data on Wednesday, July 27th. The company reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.05. The firm had revenue of $3.90 billion for the quarter, compared to analyst estimates of $3.91 billion. Marriott International had a net margin of 5.87% and a negative return on equity of 25.25%. The business’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.82 earnings per share. Analysts expect that Marriott International Inc. will post $3.63 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Friday, September 23rd will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, September 21st. This represents a $1.20 dividend on an annualized basis and a yield of 1.79%. Marriott International’s dividend payout ratio is presently 35.71%.
A number of research analysts have weighed in on MAR shares. Telsey Advisory Group reduced their target price on Marriott International from $74.00 to $70.00 and set a “market perform” rating on the stock in a report on Friday. Barclays PLC set a $80.00 price target on Marriott International and gave the stock a “hold” rating in a research note on Friday. Vetr upgraded Marriott International from a “buy” rating to a “strong-buy” rating and set a $75.10 price target on the stock in a research note on Monday, June 27th. Sanford C. Bernstein initiated coverage on Marriott International in a research note on Thursday, September 8th. They issued an “outperform” rating and a $87.00 price target on the stock. Finally, Credit Agricole SA upgraded Marriott International from an “underperform” rating to an “outperform” rating in a research note on Monday, August 15th. One equities 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 given a strong buy rating to the company. Marriott International 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 stock. North Star Investment Management Corp. increased its position in Marriott International by 29.6% in the second quarter. North Star Investment Management Corp. now owns 1,533 shares of the company’s stock worth $102,000 after buying an additional 350 shares in the last quarter. Monetary Management Group Inc. acquired a new position in Marriott International during the first quarter worth about $126,000. Smithfield Trust Co. increased its position in Marriott International by 54.3% in the second quarter. Smithfield Trust Co. now owns 1,875 shares of the company’s stock worth $125,000 after buying an additional 660 shares in the last quarter. Gradient Investments LLC increased 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. Finally, Acrospire Investment Management LLC acquired a new position in Marriott International during the first quarter worth about $142,000. Institutional investors own 73.73% of the company’s stock.
Marriott International Company Profile
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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