Marriott International Inc (NASDAQ:MAR) Director Bruce W. Duncan sold 8,644 shares of the business’s stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $129.34, for a total transaction of $1,118,014.96. Following the transaction, the director now directly owns 31,364 shares of the company’s stock, valued at approximately $4,056,619.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of Marriott International Inc (MAR) traded down $0.75 during trading on Thursday, reaching $127.72. 2,408,781 shares of the company’s stock traded hands, compared to its average volume of 2,459,936. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 1.83. Marriott International Inc has a 12-month low of $81.04 and a 12-month high of $129.99. The company has a market capitalization of $46,720.00, a PE ratio of 31.48, a PEG ratio of 3.22 and a beta of 1.35.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings results on Tuesday, November 7th. The company reported $1.10 EPS for the quarter, topping the consensus estimate of $0.98 by $0.12. Marriott International had a net margin of 6.30% and a return on equity of 31.58%. The firm had revenue of $5.66 billion for the quarter, compared to analysts’ expectations of $5.22 billion. During the same period in the previous year, the business earned $0.91 earnings per share. Marriott International’s revenue for the quarter was up 43.7% compared to the same quarter last year. equities research analysts anticipate that Marriott International Inc will post 4.24 EPS for the current fiscal year.

Marriott International announced that its Board of Directors has approved a stock repurchase program on Thursday, November 9th that allows the company to repurchase 30,000,000 outstanding shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Wednesday, November 22nd will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 1.03%. The ex-dividend date of this dividend is Tuesday, November 21st. Marriott International’s dividend payout ratio (DPR) is presently 35.87%.

Several equities analysts have recently issued reports on the stock. Morgan Stanley reissued a “buy” rating on shares of Marriott International in a report on Friday, December 8th. Deutsche Bank reissued a “hold” rating and set a $124.00 price target on shares of Marriott International in a report on Wednesday, December 6th. Barclays lifted their price objective on shares of Marriott International from $105.00 to $130.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 28th. Sanford C. Bernstein cut shares of Marriott International from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 16th. Finally, Stifel Nicolaus restated a “hold” rating and set a $115.00 price objective (up from $98.00) on shares of Marriott International in a research note on Wednesday, November 8th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $110.86.

Institutional investors have recently modified their holdings of the business. AHL Partners LLP raised its position in Marriott International by 230.4% in the second quarter. AHL Partners LLP now owns 19,615 shares of the company’s stock worth $1,967,000 after acquiring an additional 13,679 shares in the last quarter. Numeric Investors LLC bought a new stake in Marriott International in the second quarter worth about $772,000. State Board of Administration of Florida Retirement System increased its stake in Marriott International by 0.7% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 467,559 shares of the company’s stock worth $51,553,000 after purchasing an additional 3,140 shares in the last quarter. Asset Advisors Corp increased its stake in Marriott International by 1.0% in the 3rd quarter. Asset Advisors Corp now owns 121,972 shares of the company’s stock worth $13,449,000 after purchasing an additional 1,175 shares in the last quarter. Finally, Wells Fargo & Company MN increased its stake in Marriott International by 28.0% in the 2nd quarter. Wells Fargo & Company MN now owns 1,259,396 shares of the company’s stock worth $126,329,000 after purchasing an additional 275,382 shares in the last quarter. Hedge funds and other institutional investors own 66.83% of the company’s stock.

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About Marriott International

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.

Insider Buying and Selling by Quarter for Marriott International (NASDAQ:MAR)

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