Investors Sell Marriott International (MAR) on Strength After Insider Selling
Traders sold shares of Marriott International Inc (NASDAQ:MAR) on strength during trading on Monday following insider selling activity. $50.77 million flowed into the stock on the tick-up and $86.85 million flowed out of the stock on the tick-down, for a money net flow of $36.08 million out of the stock. Of all equities tracked, Marriott International had the 0th highest net out-flow for the day. Marriott International traded up $0.87 for the day and closed at $127.73Specifically, EVP Anthony Capuano sold 13,736 shares of the company’s stock in a transaction on Thursday, September 21st. The shares were sold at an average price of $107.78, for a total value of $1,480,466.08. Following the completion of the sale, the executive vice president now owns 42,669 shares in the company, valued at approximately $4,598,864.82. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Edward A. Ryan sold 5,900 shares of the company’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $127.22, for a total transaction of $750,598.00. Following the completion of the sale, the executive vice president now owns 61,956 shares of the company’s stock, valued at approximately $7,882,042.32. The disclosure for this sale can be found here. In the last quarter, insiders sold 185,487 shares of company stock valued at $22,005,029. Company insiders own 11.32% of the company’s stock.
MAR has been the subject of several research reports. Stifel Nicolaus increased their price target on shares of Marriott International from $95.00 to $98.00 and gave the company a “hold” rating in a research report on Tuesday, August 8th. Robert W. Baird increased their price target on shares of Marriott International from $101.00 to $103.00 and gave the company a “neutral” rating in a research report on Tuesday, August 8th. BidaskClub upgraded shares of Marriott International from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 8th. Zacks Investment Research upgraded shares of Marriott International from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. Finally, J P Morgan Chase & Co restated an “overweight” rating and set a $113.00 price target (up previously from $111.00) on shares of Marriott International in a research report on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have issued a buy rating to the stock. Marriott International has a consensus rating of “Buy” and an average price target of $110.09.
The firm has a market cap of $46,940.00, a price-to-earnings ratio of 31.02, a P/E/G ratio of 3.17 and a beta of 1.35. The company has a debt-to-equity ratio of 1.83, a quick ratio of 0.52 and a current ratio of 0.52.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Wednesday, November 22nd will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date is Tuesday, November 21st. Marriott International’s payout ratio is 35.87%.
Marriott International announced that its Board of Directors has initiated a share repurchase program on Thursday, November 9th that permits the company to repurchase 30,000,000 outstanding shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.
Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Marriott International by 1.7% in the second quarter. Vanguard Group Inc. now owns 19,999,062 shares of the company’s stock worth $2,006,106,000 after buying an additional 331,586 shares in the last quarter. FMR LLC lifted its holdings in shares of Marriott International by 32.5% in the second quarter. FMR LLC now owns 15,406,182 shares of the company’s stock worth $1,545,394,000 after buying an additional 3,780,639 shares in the last quarter. Capital Research Global Investors lifted its holdings in shares of Marriott International by 7.2% in the second quarter. Capital Research Global Investors now owns 12,763,000 shares of the company’s stock worth $1,280,257,000 after buying an additional 862,710 shares in the last quarter. Eaton Vance Management lifted its holdings in shares of Marriott International by 13.1% in the second quarter. Eaton Vance Management now owns 2,371,202 shares of the company’s stock worth $237,855,000 after buying an additional 275,477 shares in the last quarter. Finally, Westfield Capital Management Co. LP lifted its holdings in shares of Marriott International by 11.1% in the third quarter. Westfield Capital Management Co. LP now owns 1,681,372 shares of the company’s stock worth $185,388,000 after buying an additional 167,692 shares in the last quarter. 66.83% of the stock is currently owned by hedge funds and other institutional investors.
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About Marriott International
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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