Marriott International Inc (NASDAQ:MAR) Insider Sells $1,001,727.00 in Stock

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.

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, May 24th were paid a $0.48 dividend. The ex-dividend date was Thursday, May 23rd. This is an increase from Marriott International’s previous quarterly dividend of $0.41. This represents a $1.92 annualized dividend and a dividend yield of 1.39%. Marriott International’s dividend payout ratio is 30.92%.

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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Insider Buying and Selling by Quarter for Marriott International (NASDAQ:MAR)

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