B. Marriott Marital Tr Juliana Sells 30,000 Shares of Marriott International (MAR) Stock
Marriott International (NASDAQ:MAR) insider B. Marriott Marital Tr Juliana sold 30,000 shares of the firm’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $99.84, for a total value of $2,995,200.00. Following the completion of the transaction, the insider now owns 493,896 shares of the company’s stock, valued at approximately $49,310,576.64. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
Marriott International (NASDAQ MAR) traded up 0.01% during midday trading on Tuesday, reaching $100.08. The company had a trading volume of 841,702 shares. Marriott International has a 1-year low of $65.91 and a 1-year high of $110.51. The firm’s 50 day moving average is $102.05 and its 200 day moving average is $96.65. The stock has a market capitalization of $37.27 billion, a PE ratio of 32.85 and a beta of 1.36.
Marriott International (NASDAQ:MAR) last issued its earnings results on Monday, August 7th. The company reported $1.13 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.02 by $0.11. Marriott International had a net margin of 5.27% and a return on equity of 26.26%. The company had revenue of $5.80 billion during the quarter, compared to analysts’ expectations of $5.73 billion. During the same period last year, the company posted $1.03 earnings per share. The firm’s quarterly revenue was up 48.5% compared to the same quarter last year. On average, equities analysts anticipate that Marriott International will post $4.10 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Thursday, August 24th will be issued a $0.33 dividend. The ex-dividend date is Tuesday, August 22nd. This represents a $1.32 dividend on an annualized basis and a yield of 1.32%. Marriott International’s dividend payout ratio (DPR) is presently 45.52%.
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A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in shares of Marriott International by 1.7% in the second quarter. Vanguard Group Inc. now owns 19,999,062 shares of the company’s stock worth $2,006,106,000 after buying an additional 331,586 shares during the period. BlackRock Inc. boosted its position in shares of Marriott International by 2,076.2% in the first quarter. BlackRock Inc. now owns 18,978,323 shares of the company’s stock worth $1,787,379,000 after buying an additional 18,106,240 shares during the period. FMR LLC boosted its position in shares of Marriott International by 32.5% in the second 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. State Street Corp boosted its position in shares of Marriott International by 0.5% in the first quarter. State Street Corp now owns 14,173,107 shares of the company’s stock worth $1,334,828,000 after buying an additional 73,403 shares during the period. Finally, Capital Research Global Investors boosted its position in shares of Marriott International by 7.2% in the second 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. 67.11% of the stock is owned by institutional investors.
MAR has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Marriott International from a “sell” rating to a “hold” rating in a research note on Wednesday, August 9th. J P Morgan Chase & Co restated an “overweight” rating and issued a $111.00 target price on shares of Marriott International in a research note on Friday, May 12th. Barclays PLC reiterated a “hold” rating and set a $105.00 price objective on shares of Marriott International in a research note on Friday, May 12th. BidaskClub upgraded Marriott International from a “hold” rating to a “buy” rating in a research note on Monday, July 24th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $109.00 price objective (up previously from $92.00) on shares of Marriott International in a research note on Monday, June 12th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eleven have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $98.69.
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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