Marriott International, Inc. (NASDAQ:MAR - Get Free Report) insider Deborah Harrison sold 11,985 shares of the stock in a transaction that occurred on Tuesday, November 10th. The stock was sold at an average price of $421.35, for a total value of $5,049,879.75. Following the completion of the sale, the insider owned 163,225 shares in the company, valued at approximately $68,774,853.75. The trade was a 6.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
Deborah Marriott Harrison also recently made the following trade(s):
- On Friday, September 25th, Deborah Harrison sold 3,500 shares of Marriott International stock. The shares were sold at an average price of $352.09, for a total value of $1,232,315.00.
Marriott International Stock Down 1.1%
MAR stock opened at $424.66 on Friday. The business's fifty day simple moving average is $373.06 and its two-hundred day simple moving average is $360.25. Marriott International, Inc. has a twelve month low of $280.99 and a twelve month high of $433.30. The firm has a market cap of $109.35 billion, a price-to-earnings ratio of 42.38, a PEG ratio of 3.08 and a beta of 1.15.
Marriott International (NASDAQ:MAR - Get Free Report) last issued its earnings results on Monday, November 2nd. The company reported $3.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.84 by $0.18. The firm had revenue of $7 billion during the quarter, compared to analyst estimates of $6.93 billion. Marriott International had a net margin of 9.68% and a negative return on equity of 69.94%. The business's revenue was up 8.0% on a year-over-year basis. During the same period in the previous year, the firm earned $2.47 earnings per share. Research analysts expect that Marriott International, Inc. will post 12.10 EPS for the current year.
Marriott International Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Thursday, November 19th will be paid a $0.73 dividend. This represents a $2.92 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Thursday, November 19th. Marriott International's dividend payout ratio is currently 29.14%.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently commented on the stock. BMO Capital Markets reduced their target price on shares of Marriott International from $410.00 to $395.00 and set an "outperform" rating on the stock in a research report on Tuesday, August 4th. Jefferies Financial Group restated a "buy" rating on shares of Marriott International in a report on Wednesday, November 4th. Barclays lifted their target price on Marriott International from $363.00 to $409.00 and gave the company an "equal weight" rating in a research report on Tuesday, November 3rd. Truist Financial upped their target price on Marriott International from $356.00 to $360.00 and gave the stock a "hold" rating in a report on Thursday, September 10th. Finally, Wolfe Research started coverage on Marriott International in a research report on Wednesday, September 2nd. They set a "hold" rating on the stock. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $399.04.
Read Our Latest Stock Analysis on Marriott International
Institutional Trading of Marriott International
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Guidance Capital Inc. increased its holdings in shares of Marriott International by 3.9% in the 3rd quarter. Guidance Capital Inc. now owns 674 shares of the company's stock valued at $240,000 after acquiring an additional 25 shares during the period. Kintegral Advisory LLC lifted its stake in shares of Marriott International by 0.6% during the 3rd quarter. Kintegral Advisory LLC now owns 4,731 shares of the company's stock worth $1,683,000 after purchasing an additional 26 shares during the last quarter. Evergreen Capital Management LLC grew its stake in Marriott International by 0.5% in 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 last quarter. World Equity Group Inc. raised its holdings in Marriott International by 2.0% in the second quarter. World Equity Group Inc. now owns 1,437 shares of the company's stock worth $533,000 after purchasing an additional 28 shares in the last quarter. Finally, Founders Financial Securities LLC raised its holdings in Marriott International by 0.8% in the third quarter. Founders Financial Securities LLC now owns 3,493 shares of the company's stock worth $1,242,000 after purchasing an additional 28 shares in the last quarter. Institutional investors own 70.70% of the company's stock.
Marriott International Company Profile
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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, D.C., in 1927. It entered the lodging business in the 1950s and is headquartered in Bethesda, Maryland.
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