Marriott International Inc (NASDAQ:MAR) insider David A. Rodriguez sold 10,101 shares of Marriott International stock in a transaction on Tuesday, May 9th. The stock was sold at an average price of $101.30, for a total value of $1,023,231.30. Following the completion of the sale, the insider now directly owns 21,224 shares of the company’s stock, valued at approximately $2,149,991.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Marriott International Inc (NASDAQ:MAR) opened at 102.82 on Friday. The stock has a market capitalization of $38.96 billion, a P/E ratio of 36.42 and a beta of 1.22. Marriott International Inc has a 12 month low of $60.87 and a 12 month high of $103.43. The stock has a 50 day moving average price of $94.19 and a 200 day moving average price of $85.13.
Marriott International (NASDAQ:MAR) last issued its quarterly earnings results on Monday, May 8th. The company reported $1.01 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.90 by $0.11. The firm had revenue of $5.56 billion for the quarter, compared to analyst estimates of $5.28 billion. Marriott International had a net margin of 4.82% and a negative return on equity of 76.10%. Marriott International’s quarterly revenue was up 47.4% compared to the same quarter last year. During the same period last year, the company posted $0.87 EPS. Equities analysts predict that Marriott International Inc will post $4.01 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Friday, May 19th will be paid a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, May 17th. This is a positive change from Marriott International’s previous quarterly dividend of $0.30. This represents a $1.32 dividend on an annualized basis and a yield of 1.28%. Marriott International’s dividend payout ratio (DPR) is currently 42.25%.
MAR has been the subject of several research analyst reports. Goldman Sachs Group Inc raised Marriott International from a “buy” rating to a “conviction-buy” rating and lifted their price objective for the stock from $87.00 to $102.00 in a report on Thursday, January 19th. Zacks Investment Research upgraded Marriott International from a “sell” rating to a “hold” rating in a research report on Wednesday, March 15th. Vetr upgraded Marriott International from a “buy” rating to a “strong-buy” rating and set a $94.74 target price on the stock in a research report on Thursday, February 2nd. Stifel Nicolaus lifted their target price on Marriott International from $84.00 to $87.00 and gave the company a “hold” rating in a research report on Wednesday, March 22nd. Finally, JPMorgan Chase & Co. lifted their target price on Marriott International from $98.00 to $102.00 and gave the company an “overweight” rating in a research report on Wednesday, March 22nd. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $93.53.
A number of hedge funds and other institutional investors have recently modified their holdings of MAR. Israel Discount Bank of New York GFN bought a new position in shares of Marriott International during the fourth quarter worth $116,000. High Point Bank & Trust Co. raised its position in shares of Marriott International by 11.5% in the fourth quarter. High Point Bank & Trust Co. now owns 1,450 shares of the company’s stock worth $120,000 after buying an additional 149 shares in the last quarter. TrimTabs Asset Management LLC raised its position in shares of Marriott International by 89.1% in the first quarter. TrimTabs Asset Management LLC now owns 1,562 shares of the company’s stock worth $147,000 after buying an additional 736 shares in the last quarter. Glassman Wealth Services raised its position in shares of Marriott International by 0.3% in the fourth quarter. Glassman Wealth Services now owns 1,570 shares of the company’s stock worth $130,000 after buying an additional 5 shares in the last quarter. Finally, First Bank & Trust bought a new position in shares of Marriott International during the fourth quarter worth $134,000. 64.62% of the stock is currently owned by hedge funds and other institutional investors.
Marriott International Company Profile
Marriott International, Inc (Marriott International) is a lodging company. Marriott International operates in three business segments: North American Full-Service, North American Limited-Service and International. Its North American Full-Service segment includes its Luxury and Premium brands (JW Marriott, Marriott Hotels, Sheraton, Westin, Renaissance Hotels, Le Meridien, Autograph Collection Hotels, Delta Hotels, Gaylord Hotels, and Tribute Portfolio) located in the United States and Canada.