Marriott International (NASDAQ:MAR) Insider Deborah Marriott Harrison Sells 11,985 Shares of Stock

Marriott International, Inc. (NASDAQ:MAR) insider Deborah Harrison sold 11,985 shares of the company’s stock in a transaction on Tuesday, November 10th. The shares were sold at an average price of $421.35, for a total value of $5,049,879.75. Following the transaction, the insider directly 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 filing with the Securities & Exchange Commission, which is available at this link.

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 stock was sold at an average price of $352.09, for a total value of $1,232,315.00.

Marriott International Stock Performance

Shares of NASDAQ:MAR opened at $424.66 on Friday. Marriott International, Inc. has a fifty-two week low of $280.99 and a fifty-two week high of $433.30. The business has a 50-day simple moving average of $373.06 and a two-hundred day simple moving average of $360.25. The firm has a market cap of $109.35 billion, a price-to-earnings ratio of 42.38, a price-to-earnings-growth ratio of 3.08 and a beta of 1.15.

Marriott International (NASDAQ:MAR) last announced its quarterly 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. 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 the consensus estimate of $6.93 billion. During the same quarter last year, the firm posted $2.47 EPS. The business’s quarterly revenue was up 8.0% compared to the same quarter last year. As a group, research analysts predict that Marriott International, Inc. will post 12.10 earnings per share for the current year.

Marriott International Announces Dividend

The business also recently disclosed 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. The ex-dividend date is Thursday, November 19th. This represents a $2.92 dividend on an annualized basis and a yield of 0.7%. Marriott International’s dividend payout ratio is 29.14%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Evelyn Partners Investment Management Services Ltd purchased a new position in Marriott International in the first quarter worth about $25,000. IMG Wealth Management Inc. lifted its position in Marriott International by 100.0% in the first quarter. IMG Wealth Management Inc. now owns 82 shares of the company’s stock worth $27,000 after buying an additional 41 shares during the last quarter. Wilkerson Advisory Group LLC lifted its position in Marriott International by 127.0% in the first quarter. Wilkerson Advisory Group LLC now owns 84 shares of the company’s stock worth $27,000 after buying an additional 47 shares during the last quarter. Scarborough Advisors LLC bought a new position in Marriott International during the first quarter valued at $32,000. Finally, Meeder Asset Management Inc. increased its position in Marriott International by 57.6% during the first quarter. Meeder Asset Management Inc. now owns 104 shares of the company’s stock valued at $34,000 after acquiring an additional 38 shares during the last quarter. Institutional investors own 70.70% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on MAR. Jefferies Financial Group reaffirmed a “buy” rating on shares of Marriott International in a report on Wednesday, November 4th. UBS Group decreased their price objective on shares of Marriott International from $412.00 to $395.00 and set a “neutral” rating on the stock in a research report on Thursday, August 20th. Wolfe Research initiated coverage on Marriott International in a report on Wednesday, September 2nd. They issued a “hold” rating on the stock. Argus dropped their price objective on shares of Marriott International from $445.00 to $425.00 and set a “buy” rating for the company in a report on Friday, August 14th. Finally, Deutsche Bank decreased their target price on Marriott International from $379.00 to $372.00 and set a “hold” rating on the stock in a research report on Tuesday, August 4th. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Marriott International presently has an average rating of “Moderate Buy” and a consensus price target of $399.04.

About Marriott International

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.