Marriott International Inc (MAR) Insider J W. Marriott, Jr. Sells 35,059 Shares of Stock

Marriott International Inc (NASDAQ:MAR) insider J W. Marriott, Jr. sold 35,059 shares of the business’s stock in a transaction on Thursday, March 23rd. The shares were sold at an average price of $93.42, for a total value of $3,275,211.78. Following the sale, the insider now owns 275,083 shares in the company, valued at $25,698,253.86. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Marriott International Inc (NASDAQ:MAR) traded down 0.32% during trading on Monday, hitting $93.20. The stock had a trading volume of 1,261,122 shares. Marriott International Inc has a 52-week low of $60.87 and a 52-week high of $93.86. The company has a 50-day moving average of $87.81 and a 200 day moving average of $78.84. The firm has a market cap of $35.75 billion, a P/E ratio of 35.30 and a beta of 1.22.

Marriott International (NASDAQ:MAR) last announced its earnings results on Wednesday, February 15th. The company reported $0.85 EPS for the quarter, topping the Zacks’ consensus estimate of $0.83 by $0.02. Marriott International had a negative return on equity of 76.10% and a net margin of 4.82%. The company had revenue of $5.46 billion for the quarter, compared to analysts’ expectations of $4.67 billion. On average, equities research analysts predict that Marriott International Inc will post $3.91 earnings per share for the current fiscal year.

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

The business also recently announced a quarterly dividend, which will be paid on Friday, March 31st. Investors of record on Friday, February 24th will be issued a $0.30 dividend. The ex-dividend date is Wednesday, February 22nd. This represents a $1.20 dividend on an annualized basis and a yield of 1.28%. Marriott International’s dividend payout ratio is currently 42.25%.

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Institutional investors have recently made changes to their positions in the company. Israel Discount Bank of New York GFN bought a new position in shares of Marriott International during the fourth quarter worth approximately $116,000. Quadrant Capital Group LLC boosted its position in shares of Marriott International by 84.4% in the third quarter. Quadrant Capital Group LLC now owns 1,835 shares of the company’s stock worth $118,000 after buying an additional 840 shares in the last quarter. Synovus Financial Corp boosted its position in shares of Marriott International by 11.9% in the third quarter. Synovus Financial Corp now owns 1,880 shares of the company’s stock worth $126,000 after buying an additional 200 shares in the last quarter. Glassman Wealth Services boosted its position in shares of Marriott International by 0.3% in the fourth quarter. Glassman Wealth Services now owns 1,570 shares of the company’s stock worth $130,000 after buying an additional 5 shares in the last quarter. Finally, First Bank & Trust bought a new position in shares of Marriott International during the fourth quarter worth approximately $134,000. 64.62% of the stock is currently owned by institutional investors.

A number of analysts recently issued reports on MAR shares. Vetr upgraded Marriott International from a “hold” rating to a “buy” rating and set a $87.41 price objective on the stock in a research note on Tuesday, January 3rd. MKM Partners upgraded Marriott International from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $72.00 to $90.00 in a research note on Monday, December 5th. Evercore ISI boosted their price objective on Marriott International from $86.00 to $90.00 and gave the company an “underperform” rating in a research note on Thursday. Stifel Nicolaus boosted their price objective on Marriott International from $84.00 to $87.00 and gave the company a “hold” rating in a research note on Wednesday, March 22nd. Finally, Canaccord Genuity reiterated a “buy” rating and set a $100.00 price objective on shares of Marriott International in a research note on Friday, February 24th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $88.83.

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 operates through three segments: North American Full-Service, which includes brands, such as The Ritz-Carlton, EDITION, JW Marriott, Autograph Collection Hotels, Marriott Hotels, Delta Hotels and Resorts, and Renaissance Hotels located in the United States and Canada; North American Limited-Service, which includes brands, such as AC Hotels by Marriott, Courtyard, Residence Inn, SpringHill Suites, TownePlace Suites properties and Fairfield Inn & Suites located in the United States and Canada, and International, which includes brands, such as Bulgari Hotels & Resorts, Protea Hotels and Moxy Hotels located outside the United States and Canada.

5 Day Chart for NASDAQ:MAR

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