Marriott International Inc. (MAR) EVP Edward A. Ryan Sells 8,744 Shares
Marriott International Inc. (NASDAQ:MAR) EVP Edward A. Ryan sold 8,744 shares of the firm’s stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $77.12, for a total transaction of $674,337.28. Following the completion of the transaction, the executive vice president now directly owns 87,727 shares of the company’s stock, valued at approximately $6,765,506.24. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Marriott International Inc. (NASDAQ:MAR) traded down 0.24% during midday trading on Wednesday, hitting $77.66. 138,410 shares of the company were exchanged. The stock has a market capitalization of $30.32 billion, a PE ratio of 27.65 and a beta of 1.23. The firm’s 50-day moving average price is $70.26 and its 200-day moving average price is $69.34. Marriott International Inc. has a one year low of $56.43 and a one year high of $78.18.
Marriott International (NASDAQ:MAR) last released its quarterly earnings results on Monday, November 7th. The company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.03. Marriott International had a net margin of 4.82% and a negative return on equity of 76.10%. The business had revenue of $3.94 billion for the quarter, compared to analyst estimates of $4.41 billion. During the same period last year, the firm earned $0.78 earnings per share. Marriott International’s revenue for the quarter was up 10.2% compared to the same quarter last year. Equities research analysts anticipate that Marriott International Inc. will post $3.57 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 30th. Investors of record on Thursday, November 24th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date of this dividend is Monday, November 21st. Marriott International’s dividend payout ratio is 42.25%.
A number of institutional investors have recently added to or reduced their stakes in the company. Corbyn Investment Management Inc. MD acquired a new position in Marriott International during the second quarter worth approximately $1,329,000. Capstone Asset Management Co. raised its position in Marriott International by 2.1% in the second quarter. Capstone Asset Management Co. now owns 17,185 shares of the company’s stock worth $1,142,000 after buying an additional 355 shares in the last quarter. Abner Herrman & Brock LLC raised its position in Marriott International by 6.4% in the second quarter. Abner Herrman & Brock LLC now owns 147,961 shares of the company’s stock worth $10,375,000 after buying an additional 8,947 shares in the last quarter. North Star Investment Management Corp. raised 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. Finally, Exxonmobil Investment Management Inc. TX raised its position in Marriott International by 6.6% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 49,356 shares of the company’s stock worth $3,280,000 after buying an additional 3,068 shares in the last quarter. 80.98% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts have recently weighed in on the stock. Vetr downgraded shares of Marriott International from a “buy” rating to a “hold” rating and set a $74.52 price target on the stock. in a report on Tuesday, July 26th. Morgan Stanley cut their price target on shares of Marriott International from $74.00 to $73.00 and set an “equal weight” rating on the stock in a report on Thursday, July 28th. Zacks Investment Research upgraded shares of Marriott International from a “sell” rating to a “hold” rating in a report on Monday, August 1st. upgraded shares of Marriott International from an “underperform” rating to an “outperform” rating in a report on Monday, August 15th. Finally, 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 price target on the stock. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and twelve have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $76.33.
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 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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