Marriott International Inc (NASDAQ:MAR) insider John W. Marriott III sold 8,100 shares of the stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $123.67, for a total transaction of $1,001,727.00. Following the completion of the sale, the insider now directly owns 564,619 shares of the company’s stock, valued at approximately $69,826,431.73. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of MAR stock opened at $137.73 on Friday. The stock has a market capitalization of $46.55 billion, a P/E ratio of 22.18, a PEG ratio of 3.10 and a beta of 1.26. The company has a fifty day moving average price of $136.31. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 6.81. Marriott International Inc has a twelve month low of $100.62 and a twelve month high of $144.24.
Marriott International (NASDAQ:MAR) last announced its earnings results on Friday, May 10th. The company reported $1.41 earnings per share for the quarter, beating the consensus estimate of $1.34 by $0.07. The business had revenue of $5.01 billion during the quarter, compared to the consensus estimate of $5.16 billion. Marriott International had a net margin of 8.62% and a return on equity of 97.68%. The business’s quarterly revenue was up .1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.34 earnings per share. As a group, research analysts forecast that Marriott International Inc will post 6.1 EPS for the current fiscal year.
Several hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC raised its holdings in shares of Marriott International by 13.4% during the fourth quarter. Geode Capital Management LLC now owns 3,794,287 shares of the company’s stock worth $411,201,000 after purchasing an additional 448,325 shares during the period. Northern Trust Corp raised its holdings in shares of Marriott International by 1.0% during the first quarter. Northern Trust Corp now owns 3,002,951 shares of the company’s stock worth $375,638,000 after purchasing an additional 29,237 shares during the period. Norges Bank acquired a new stake in shares of Marriott International during the fourth quarter worth $310,004,000. Markel Corp raised its holdings in shares of Marriott International by 0.4% during the first quarter. Markel Corp now owns 1,538,269 shares of the company’s stock worth $192,422,000 after purchasing an additional 6,000 shares during the period. Finally, Legal & General Group Plc raised its holdings in shares of Marriott International by 1.3% during the fourth quarter. Legal & General Group Plc now owns 1,223,188 shares of the company’s stock worth $132,789,000 after purchasing an additional 15,958 shares during the period. Institutional investors and hedge funds own 62.84% of the company’s stock.
MAR has been the subject of several recent research reports. Citigroup lowered shares of First Quantum Minerals from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from C$18.00 to C$13.00 in a research report on Tuesday, May 21st. Morgan Stanley set a $111.00 price objective on shares of Procter & Gamble and gave the stock a “buy” rating in a research report on Thursday, March 28th. BidaskClub raised shares of WhiteHorse Finance from a “sell” rating to a “hold” rating in a research report on Thursday. Longbow Research lowered shares of Marriott International from a “buy” rating to a “neutral” rating in a research report on Monday, July 15th. Finally, Wells Fargo & Co increased their price objective on shares of Twitter from $33.00 to $40.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 24th. Twelve research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Marriott International has an average rating of “Hold” and a consensus target price of $136.36.
Marriott International Company Profile
Marriott International, Inc operates, franchises, and licenses hotel, residential, and timeshare properties worldwide. The company operates through North American Full-Service, North American Limited-Service, and Asia Pacific segments. It operates its properties under the JW Marriott, The Ritz-Carlton, Ritz-Carlton Reserve, W Hotels, The Luxury Collection, St.
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