Insider Selling: Marriott International Inc. (MAR) Insider Sells 1,582 Shares of Stock
Marriott International Inc. (NASDAQ:MAR) insider David A. Rodriguez sold 1,582 shares of the company’s stock in a transaction that occurred on Tuesday, November 22nd. The shares were sold at an average price of $77.53, for a total value of $122,652.46. Following the completion of the transaction, the insider now directly owns 49,392 shares of the company’s stock, valued at $3,829,361.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Marriott International Inc. (NASDAQ:MAR) traded down 0.06% on Wednesday, hitting $77.80. The stock had a trading volume of 848,348 shares. Marriott International Inc. has a 12-month low of $56.43 and a 12-month high of $78.18. The company’s 50-day moving average price is $70.26 and its 200 day moving average price is $69.34. The firm has a market cap of $30.38 billion, a P/E ratio of 27.70 and a beta of 1.23.
Marriott International (NASDAQ:MAR) last issued its quarterly earnings results on Monday, November 7th. The company reported $0.91 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.88 by $0.03. Marriott International had a negative return on equity of 76.10% and a net margin of 4.82%. The business earned $3.94 billion during the quarter, compared to the consensus estimate of $4.41 billion. During the same period in the previous year, the business earned $0.78 EPS. The business’s quarterly revenue was up 10.2% on a year-over-year basis. On average, equities research analysts forecast that Marriott International Inc. will post $3.57 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 30th. Stockholders of record on Thursday, November 24th will be issued a $0.30 dividend. The ex-dividend date is Monday, November 21st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.54%. Marriott International’s dividend payout ratio (DPR) is 42.25%.
Large investors have recently modified their holdings of the stock. Capital Research Global Investors increased its stake in shares of Marriott International by 101.3% in the third quarter. Capital Research Global Investors now owns 8,717,184 shares of the company’s stock worth $586,928,000 after buying an additional 4,387,737 shares during the period. BlackRock Institutional Trust Company N.A. increased its stake in shares of Marriott International by 53.7% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 8,898,727 shares of the company’s stock worth $599,151,000 after buying an additional 3,109,290 shares during the period. Capital World Investors increased its stake in shares of Marriott International by 135.6% in the third quarter. Capital World Investors now owns 4,470,000 shares of the company’s stock worth $300,965,000 after buying an additional 2,572,784 shares during the period. BlackRock Fund Advisors increased its stake in shares of Marriott International by 74.8% in the third quarter. BlackRock Fund Advisors now owns 5,249,607 shares of the company’s stock worth $353,456,000 after buying an additional 2,247,068 shares during the period. Finally, Vulcan Value Partners LLC purchased a new stake in shares of Marriott International during the second quarter worth $138,646,000. Institutional investors and hedge funds own 80.98% of the company’s stock.
A number of equities analysts recently issued reports on MAR shares. Zacks Investment Research downgraded Marriott International from a “hold” rating to a “sell” rating in a report on Wednesday, October 26th. Telsey Advisory Group lowered their price target on Marriott International from $74.00 to $70.00 and set a “market perform” rating for the company in a report on Friday, September 23rd. Vetr downgraded Marriott International from a “buy” rating to a “hold” rating and set a $74.52 price target for the company. in a report on Monday, August 1st. Morgan Stanley raised Marriott International from an “equal weight” rating to an “overweight” rating and set a $78.00 price target for the company in a report on Monday, September 26th. Finally, Stifel Nicolaus upped their price target on Marriott International from $65.00 to $66.00 and gave the company a “hold” rating in a report on Monday, September 26th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and twelve have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $76.33.
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.
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