Marriott International (MAR) EVP Edward A. Ryan Sells 3,300 Shares
Marriott International (NASDAQ:MAR) EVP Edward A. Ryan sold 3,300 shares of the stock in a transaction dated Friday, June 16th. The shares were sold at an average price of $104.65, for a total value of $345,345.00. Following the sale, the executive vice president now owns 84,859 shares of the company’s stock, valued at $8,880,494.35. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
Marriott International (NASDAQ:MAR) traded up 1.28% on Monday, hitting $105.84. The stock had a trading volume of 723,908 shares. The firm has a market capitalization of $40.10 billion, a price-to-earnings ratio of 37.49 and a beta of 1.31. Marriott International has a 1-year low of $60.87 and a 1-year high of $110.51. The stock’s 50-day moving average is $103.08 and its 200 day moving average is $91.08.
Marriott International (NASDAQ:MAR) last issued its quarterly earnings results on Monday, May 8th. The company reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.11. The business had revenue of $5.56 billion for the quarter, compared to the consensus estimate of $5.28 billion. Marriott International had a return on equity of 38.10% and a net margin of 4.91%. The business’s quarterly revenue was up 47.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.87 earnings per share. On average, equities research analysts predict that Marriott International will post $4.04 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Friday, May 19th will be given a dividend of $0.33 per share. The ex-dividend date is Wednesday, May 17th. This is an increase from Marriott International’s previous quarterly dividend of $0.30. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.26%. Marriott International’s dividend payout ratio is presently 47.48%.
Several brokerages recently weighed in on MAR. Zacks Investment Research cut Marriott International from a “buy” rating to a “hold” rating in a report on Monday, May 29th. Barclays PLC restated a “hold” rating and set a $105.00 target price on shares of Marriott International in a report on Friday, May 12th. J P Morgan Chase & Co restated an “overweight” rating and set a $111.00 target price on shares of Marriott International in a report on Friday, May 12th. Instinet increased their target price on Marriott International from $100.00 to $121.00 and gave the company a “buy” rating in a report on Wednesday, May 10th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $109.00 target price (up from $92.00) on shares of Marriott International in a report on Monday, June 12th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the company. Marriott International presently has a consensus rating of “Buy” and a consensus target price of $97.97.
Several institutional investors have recently modified their holdings of MAR. Oppenheimer Asset Management Inc. acquired a new position in shares of Marriott International during the first quarter worth about $115,000. Israel Discount Bank of New York GFN acquired a new position in shares of Marriott International during the fourth quarter worth about $116,000. High Point Bank & Trust Co. increased its position in shares of Marriott International by 11.5% in the fourth quarter. High Point Bank & Trust Co. now owns 1,450 shares of the company’s stock worth $120,000 after buying an additional 149 shares during the last quarter. Glassman Wealth Services increased its position in shares of Marriott International by 0.3% in the fourth quarter. Glassman Wealth Services now owns 1,570 shares of the company’s stock worth $130,000 after buying an additional 5 shares during the last quarter. Finally, TrimTabs Asset Management LLC increased its position in shares of Marriott International by 89.1% in the first quarter. TrimTabs Asset Management LLC now owns 1,562 shares of the company’s stock worth $147,000 after buying an additional 736 shares during the last quarter. 68.34% of the stock is currently owned by institutional investors and hedge funds.
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.
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