Marriott International Insider David Marriott Unloads 37,192 Shares (MAR)
Marriott International (NYSE:MAR) Insider David Marriott sold 37,192 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $43.20, for a total value of $1,606,694.40. Following the completion of the sale, the insider now directly owns 615,884 shares in the company. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
MAR has been the subject of a number of recent research reports. 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, September 11th. 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 equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eleven have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $42.16.
Shares of Marriott International (NYSE:MAR) traded up 0.70% on Tuesday, hitting $43.42. The stock had a trading volume of 634,159 shares. Marriott International has a 52 week low of $33.93 and a 52 week high of $44.45. The stock’s 50-day moving average is $41.15 and its 200-day moving average is $41.28. The company has a market cap of $13.164 billion and a price-to-earnings ratio of 21.58.
Marriott International (NYSE:MAR) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.57 EPS for the quarter, meeting the Thomson Reuters 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 in the prior year, the company posted $0.42 earnings per share. The company’s quarterly revenue was up 17.5% on a year-over-year basis. Analysts expect that Marriott International will post $1.99 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, September 27th. Stockholders of record on Thursday, August 22nd will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date of this dividend 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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