Key Points
- Marriott EVP Benjamin Breland sold 2,408 shares for about $1.02 million at an average price of $424.52, reducing his direct ownership by 10.18% to 21,243 shares.
- Marriott’s latest quarterly results beat estimates: EPS was $3.02 versus $2.84 expected, while revenue reached $7 billion and rose 8% year over year.
- The shares traded at $423.16, near their 12-month high of $433.30. Analysts’ consensus rating was “Moderate Buy,” with an average price target of $399.04.
Marriott International, Inc. (NASDAQ:MAR - Get Free Report) EVP Benjamin Breland sold 2,408 shares of Marriott International stock in a transaction dated Thursday, November 12th. The shares were sold at an average price of $424.52, for a total value of $1,022,244.16. Following the completion of the transaction, the executive vice president directly owned 21,243 shares in the company, valued at $9,018,078.36. This represents a 10.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Marriott International Stock Performance
MAR traded down $1.50 on Friday, reaching $423.16. 1,907,906 shares of the company's stock were exchanged, compared to its average volume of 1,727,323. The company's 50 day moving average is $374.81 and its 200-day moving average is $360.79. The company has a market cap of $108.96 billion, a price-to-earnings ratio of 42.23, a PEG ratio of 3.04 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 EPS for the quarter, beating the consensus estimate of $2.84 by $0.18. Marriott International had a net margin of 9.68% and a negative return on equity of 69.94%. The firm had revenue of $7 billion for the quarter, compared to analyst estimates of $6.93 billion. During the same quarter last year, the firm posted $2.47 earnings per share. Marriott International's revenue for the quarter was up 8.0% compared to the same quarter last year. Sell-side analysts forecast that Marriott International, Inc. will post 12.10 EPS for the current year.
Marriott International Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Thursday, November 19th will be given a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Thursday, November 19th. Marriott International's dividend payout ratio is 29.14%.
Institutional Investors Weigh In On Marriott International
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. State Street Corp lifted its holdings in Marriott International by 2.9% in the 2nd quarter. State Street Corp now owns 9,644,773 shares of the company's stock worth $3,574,256,000 after buying an additional 272,044 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Marriott International by 0.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 727,472 shares of the company's stock valued at $237,893,000 after buying an additional 5,530 shares during the last quarter. Swiss National Bank boosted its position in Marriott International by 5.9% in the 1st quarter. Swiss National Bank now owns 669,398 shares of the company's stock valued at $218,940,000 after buying an additional 37,080 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its stake in shares of Marriott International by 5.9% during the third quarter. Robeco Institutional Asset Management B.V. now owns 664,123 shares of the company's stock valued at $236,209,000 after acquiring an additional 36,765 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its stake in shares of Marriott International by 35.8% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 512,496 shares of the company's stock valued at $182,279,000 after acquiring an additional 135,230 shares in the last quarter. Hedge funds and other institutional investors own 70.70% of the company's stock.
Wall Street Analyst Weigh In
MAR has been the subject of several recent research reports. Wolfe Research began coverage on Marriott International in a report on Wednesday, September 2nd. They issued a "hold" rating for the company. Morgan Stanley boosted their price objective on Marriott International from $384.00 to $403.00 and gave the stock an "overweight" rating in a research note on Thursday, October 22nd. Wall Street Zen raised Marriott International from a "hold" rating to a "buy" rating in a research report on Saturday. BMO Capital Markets lowered their target price on Marriott International from $410.00 to $395.00 and set an "outperform" rating for the company in a research note on Tuesday, August 4th. Finally, JPMorgan Chase & Co. raised their target price on Marriott International from $388.00 to $406.00 and gave the company a "neutral" rating in a report on Wednesday, October 21st. Two investment 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 issued a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $399.04.
View Our Latest Analysis on Marriott International
More Marriott International News
Investors following MAR have been watching these news items:
- Positive Sentiment: Marriott agreed to add a 350-room Courtyard hotel in Bengaluru, expanding its footprint in a major South Asian market. The project is a longer-term growth opportunity rather than an immediate earnings driver. Article: Marriott signs agreement for South Asia’s largest Courtyard Hotel in Bengaluru
- Neutral Sentiment: Marriott Bonvoy is offering 25% off stays through May 2027. The extended sale could encourage bookings, but discounting may also weigh on room rates and revenue per available room. Article: Marriott Bonvoy Cyber Week sale
- Negative Sentiment: Two insiders disclosed sales made November 10: CAO Felitia Lee sold 736 shares, and Deborah Harrison sold 11,985 shares. Such sales can raise investor concern, although both retained substantial holdings and the transactions alone do not establish a negative view of the company. Article: Marriott International insider trades
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, D.C., in 1927. It entered the lodging business in the 1950s and is headquartered in Bethesda, Maryland.
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