Key Points
- CEO Anthony Capuano sold 63,355 Marriott shares for approximately $26.6 million, reducing his stake by 55.47% to 50,867 shares.
- Marriott’s latest quarter beat estimates, with EPS of $3.02 versus $2.84 expected and revenue of $7 billion, up 8% year over year.
- The company declared a quarterly dividend of $0.73 per share, equivalent to a 0.7% yield; analysts’ consensus rating remains “Moderate Buy.”
Marriott International, Inc. (NASDAQ:MAR - Get Free Report) EVP Benjamin Breland sold 2,500 shares of the firm's stock in a transaction dated Wednesday, November 4th. The shares were sold at an average price of $423.32, for a total value of $1,058,300.00. Following the completion of the transaction, the executive vice president directly owned 23,899 shares in the company, valued at $10,116,924.68. This trade represents a 9.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Marriott International Stock Performance
MAR opened at $416.47 on Friday. The firm's 50-day simple moving average is $366.29 and its 200-day simple moving average is $358.15. The firm has a market cap of $108.60 billion, a price-to-earnings ratio of 41.56, a PEG ratio of 3.06 and a beta of 1.15. Marriott International, Inc. has a twelve month low of $280.99 and a twelve month high of $433.30.
Marriott International (NASDAQ:MAR - Get Free Report) last posted its quarterly earnings results on Monday, November 2nd. The company reported $3.02 earnings per share for the quarter, beating analysts' consensus estimates of $2.84 by $0.18. Marriott International had a net margin of 9.68% and a negative return on equity of 73.98%. The company had revenue of $7 billion for the quarter, compared to the consensus estimate of $6.93 billion. During the same period last year, the company posted $2.47 EPS. The firm's quarterly revenue was up 8.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Marriott International, Inc. will post 12.10 EPS for the current fiscal year.
Marriott International Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Thursday, November 19th will be given a dividend of $0.73 per share. The ex-dividend date of this dividend is Thursday, November 19th. This represents a $2.92 annualized dividend and a yield of 0.7%. Marriott International's dividend payout ratio (DPR) is presently 29.14%.
Wall Street Analyst Weigh In
MAR has been the topic of several research reports. Wells Fargo & Company upped their price target on shares of Marriott International from $426.00 to $463.00 and gave the company an "overweight" rating in a research note on Tuesday. BMO Capital Markets cut their price target on Marriott International from $410.00 to $395.00 and set an "outperform" rating on the stock in a report on Tuesday, August 4th. Weiss Ratings restated a "buy (b)" rating on shares of Marriott International in a research note on Wednesday. Sanford C. Bernstein reiterated an "outperform" rating and set a $445.00 target price on shares of Marriott International in a research report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft cut their price target on Marriott International from $379.00 to $372.00 and set a "hold" rating on the stock in a research note on Tuesday, August 4th. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $399.04.
Check Out Our Latest Stock Analysis on MAR
Key Headlines Impacting Marriott International
Here are the key news stories impacting Marriott International this week:
- Positive Sentiment: Marriott declared a quarterly cash dividend of $0.73 per share, payable December 31 to shareholders of record November 19. The annualized dividend is $2.92, a modest income-return component for investors. Marriott dividend announcement
- Positive Sentiment: Recent quarterly results beat analyst estimates for earnings and revenue; a MarketBeat review noted that fee growth outpaced room revenue, supporting the view that Marriott’s performance is not solely dependent on travel demand. Marriott earnings analysis
- Positive Sentiment: Marriott is entering Laos with a Luxury Collection property, extending its international brand presence and potential fee-generating hotel network. Marriott debuts in Laos
- Positive Sentiment: Recent headlines point to bullish views from Robert W. Baird, Barclays and Goldman Sachs, while Zacks characterized MAR as a strong momentum stock. These indicate favorable analyst and trend sentiment, though the provided reports give no price targets or detailed rationale. Baird view Barclays view Goldman Sachs view Zacks momentum article
- Negative Sentiment: CEO Anthony Capuano sold 63,355 shares for about $26.6 million, reducing his direct stake by 55.47%. EVPs Rena Reiss and Benjamin Breland also sold shares. Multiple insider sales can raise investor concern, although the filings alone do not establish the executives’ reasons. CEO SEC filing Rena Reiss SEC filing Benjamin Breland SEC filing
- Negative Sentiment: Freedom Broker downgraded Marriott from “strong buy” to “hold,” tempering the otherwise positive analyst headlines. Freedom Broker ratings
Institutional Investors Weigh In On Marriott International
Several hedge funds and other institutional investors have recently made changes to their positions in MAR. Guidance Capital Inc. grew its stake in shares of Marriott International by 3.9% during the 3rd quarter. Guidance Capital Inc. now owns 674 shares of the company's stock worth $240,000 after acquiring an additional 25 shares in the last quarter. Kintegral Advisory LLC boosted its holdings in Marriott International by 0.6% in the third quarter. Kintegral Advisory LLC now owns 4,731 shares of the company's stock valued at $1,683,000 after acquiring an additional 26 shares in the last quarter. Evergreen Capital Management LLC lifted its position in Marriott International by 0.5% during the third quarter. Evergreen Capital Management LLC now owns 5,366 shares of the company's stock valued at $1,909,000 after purchasing an additional 26 shares during the period. World Equity Group Inc. boosted its holdings in shares of Marriott International by 2.0% during the 2nd quarter. World Equity Group Inc. now owns 1,437 shares of the company's stock valued at $533,000 after purchasing an additional 28 shares during the last quarter. Finally, Founders Financial Securities LLC raised its holdings in shares of Marriott International by 0.8% in the third quarter. Founders Financial Securities LLC now owns 3,493 shares of the company's stock valued at $1,242,000 after acquiring an additional 28 shares in the last quarter. 70.70% of the stock is owned by institutional investors and hedge funds.
About Marriott International
(
Get Free Report)
Marriott International is a global lodging company that manages, franchises, and licenses hotels, resorts, and other accommodations. Its portfolio spans luxury, premium, select-service, and extended-stay brands, including The Ritz-Carlton, St. Regis, W Hotels, Marriott, Sheraton, Courtyard, Residence Inn, and Moxy.
The company traces its origins to a root beer stand opened by J. Willard and Alice Marriott in Washington, DC, in 1927. It entered the lodging business in the 1950s and is headquartered in Bethesda, Maryland.
Marriott serves travelers in countries and territories around the world and offers the Marriott Bonvoy loyalty program.
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