Insider Selling: Marriott International (MAR) Insider Sells $844,284.00 in Stock
Marriott International (NASDAQ:MAR) insider Juliana B. Marriott sold 8,400 shares of the business’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $100.51, for a total value of $844,284.00. Following the completion of the transaction, the insider now directly owns 18,000 shares in the company, valued at approximately $1,809,180. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of Marriott International (MAR) opened at 98.03 on Friday. The company’s 50 day moving average price is $101.75 and its 200-day moving average price is $96.88. The company has a market capitalization of $36.51 billion, a price-to-earnings ratio of 32.17 and a beta of 1.36. Marriott International has a 1-year low of $65.91 and a 1-year high of $110.51.
Marriott International (NASDAQ:MAR) last announced its earnings results on Monday, August 7th. The company reported $1.13 EPS for the quarter, topping the Zacks’ consensus estimate of $1.02 by $0.11. Marriott International had a return on equity of 26.26% and a net margin of 5.27%. The company had revenue of $5.80 billion for the quarter, compared to analysts’ expectations of $5.73 billion. During the same period last year, the firm earned $1.03 EPS. Marriott International’s revenue for the quarter was up 48.5% compared to the same quarter last year. On average, equities analysts forecast that Marriott International will post $4.14 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Thursday, August 24th will be issued a $0.33 dividend. The ex-dividend date of this dividend is Tuesday, August 22nd. This represents a $1.32 dividend on an annualized basis and a yield of 1.35%. Marriott International’s dividend payout ratio is currently 45.52%.
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Institutional investors have recently made changes to their positions in the company. Advisory Services Network LLC boosted its position in shares of Marriott International by 1,490.1% in the second quarter. Advisory Services Network LLC now owns 1,129 shares of the company’s stock worth $113,000 after buying an additional 1,058 shares in the last quarter. Oppenheimer Asset Management Inc. bought a new position in shares of Marriott International during the first quarter worth approximately $115,000. Baker Ellis Asset Management LLC bought a new position in shares of Marriott International during the second quarter worth approximately $133,000. TrimTabs Asset Management LLC boosted its position in shares of Marriott International by 89.1% in the first quarter. TrimTabs Asset Management LLC now owns 1,562 shares of the company’s stock worth $147,000 after buying an additional 736 shares in the last quarter. Finally, North Star Investment Management Corp. boosted its position in shares of Marriott International by 3.3% in the second quarter. North Star Investment Management Corp. now owns 1,583 shares of the company’s stock worth $159,000 after buying an additional 50 shares in the last quarter. 67.11% of the stock is currently owned by institutional investors.
Several research firms have weighed in on MAR. J P Morgan Chase & Co reissued an “overweight” rating and issued a $113.00 price objective (up previously from $111.00) on shares of Marriott International in a research report on Wednesday, August 9th. Zacks Investment Research raised Marriott International from a “hold” rating to a “buy” rating and set a $120.00 price objective on the stock in a research report on Wednesday, May 31st. Berenberg Bank reissued a “buy” rating and issued a $125.00 price objective on shares of Marriott International in a research report on Friday. Canaccord Genuity reissued a “buy” rating and issued a $113.00 price objective (up previously from $100.00) on shares of Marriott International in a research report on Monday, May 8th. Finally, Instinet boosted their price objective on Marriott International from $100.00 to $121.00 and gave the stock a “buy” rating in a research report on Wednesday, May 10th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. Marriott International presently has a consensus rating of “Hold” and an average price target of $100.08.
Marriott International Company Profile
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.
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