Insider Selling: Marriott International Inc (MAR) EVP Sells 5,900 Shares of Stock
Marriott International Inc (NASDAQ:MAR) EVP Edward A. Ryan sold 5,900 shares of the business’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $127.22, for a total transaction of $750,598.00. Following the completion of the transaction, the executive vice president now owns 61,956 shares in the company, valued at $7,882,042.32. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Marriott International Inc (NASDAQ:MAR) traded down $0.14 during trading on Monday, hitting $126.86. 2,371,000 shares of the stock were exchanged, compared to its average volume of 2,472,172. The stock has a market cap of $46,250.79, a P/E ratio of 31.02, a price-to-earnings-growth ratio of 3.17 and a beta of 1.35. Marriott International Inc has a twelve month low of $78.79 and a twelve month high of $128.37. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 1.83.
Marriott International (NASDAQ:MAR) last released its quarterly earnings results on Tuesday, November 7th. The company reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.12. The business had revenue of $5.66 billion for the quarter, compared to the consensus estimate of $5.22 billion. Marriott International had a net margin of 6.30% and a return on equity of 31.58%. The business’s revenue was up 43.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.91 EPS. equities research analysts forecast that Marriott International Inc will post 4.24 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Wednesday, November 22nd will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date of this dividend is Tuesday, November 21st. Marriott International’s dividend payout ratio (DPR) is 35.87%.
Marriott International announced that its board has initiated a share repurchase plan on Thursday, November 9th that authorizes the company to repurchase 30,000,000 outstanding shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.
Several institutional investors have recently added to or reduced their stakes in MAR. FMR LLC increased its stake in Marriott International by 32.5% during the 2nd quarter. FMR LLC now owns 15,406,182 shares of the company’s stock worth $1,545,394,000 after buying an additional 3,780,639 shares during the period. Capital Research Global Investors increased its stake in Marriott International by 7.2% during the 2nd quarter. Capital Research Global Investors now owns 12,763,000 shares of the company’s stock worth $1,280,257,000 after buying an additional 862,710 shares during the period. Janus Henderson Group PLC increased its stake in Marriott International by 1,881.3% during the 2nd quarter. Janus Henderson Group PLC now owns 887,490 shares of the company’s stock worth $89,025,000 after buying an additional 842,696 shares during the period. Koch Industries Inc. purchased a new stake in Marriott International during the 2nd quarter worth approximately $629,000. Finally, Los Angeles Capital Management & Equity Research Inc. increased its stake in Marriott International by 385.9% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 707,256 shares of the company’s stock worth $70,945,000 after buying an additional 561,707 shares during the period. 66.83% of the stock is currently owned by institutional investors and hedge funds.
Several research firms have weighed in on MAR. Robert W. Baird boosted their target price on shares of Marriott International from $101.00 to $103.00 and gave the company a “neutral” rating in a report on Tuesday, August 8th. BidaskClub lowered shares of Marriott International from a “strong-buy” rating to a “buy” rating in a report on Monday, August 14th. UBS reiterated a “neutral” rating and issued a $101.00 target price (up from $98.00) on shares of Marriott International in a report on Monday, August 14th. Morgan Stanley boosted their target price on shares of Marriott International from $110.00 to $112.00 and gave the company an “overweight” rating in a report on Thursday, November 9th. Finally, Barclays boosted their target price on shares of Marriott International from $105.00 to $130.00 and gave the company an “equal weight” rating in a report on Tuesday, November 28th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have issued a buy rating to the stock. Marriott International presently has a consensus rating of “Buy” and an average target price of $110.09.
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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.
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