Insider Selling: Marriott International Insider Unloads 11,000 Shares of Stock (MAR)
Marriott International (NYSE:MAR) Insider David Marriott sold 11,000 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $43.04, for a total transaction of $473,440.00. Following the completion of the sale, the insider now directly owns 654,884 shares in the company. The sale was disclosed in a legal filing with the SEC, which is available at this link.
A number of analysts have recently weighed in on MAR shares. Analysts at UBS AG upgraded shares of Marriott International (NYSE:MAR) from a “neutral” rating to a “buy” rating in a research note to investors on Wednesday. They now have a $52.00 price target on the stock. Separately, analysts at Credit Suisse cut their price target on shares of Marriott International (NYSE:MAR) from $19.00 to $18.00 in a research note to investors on Thursday, August 22nd. Finally, analysts at Nomura reiterated a “buy” rating on shares of Marriott International (NYSE:MAR) in a research note to investors on Thursday, August 15th.
Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eleven have assigned a buy rating to the company’s stock. Marriott International has a consensus rating of “Hold” and an average price target of $42.16.
Marriott International (NYSE:MAR) traded down 0.70% on Thursday, hitting $42.66. 1,388,535 shares of the company’s stock traded hands. Marriott International has a 52-week low of $33.93 and a 52-week high of $44.45. The stock has a 50-day moving average of $40.97 and a 200-day moving average of $41.1. The company has a market cap of $12.934 billion and a P/E ratio of 21.50.
Marriott International (NYSE:MAR) last released its earnings data on Wednesday, July 31st. The company reported $0.57 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.57. The company had revenue of $3.26 billion for the quarter, compared to the consensus estimate of $3.21 billion. During the same quarter last year, the company posted $0.42 earnings per share. Marriott International’s revenue was up 17.5% compared to the same quarter last year. On average, analysts predict that Marriott International will post $1.99 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, September 27th. Shareholders of record on Thursday, August 22nd will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.58%. The ex-dividend date is Tuesday, August 20th.
Marriott International, Inc is a diversified hospitality company. It is a lodging company with more than 3,700 properties in 73 countries and territories.
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