Juliana B. Marriott Sells 8,400 Shares of Marriott International (MAR) Stock
Marriott International (NASDAQ:MAR) insider Juliana B. Marriott sold 8,400 shares of the firm’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $100.51, for a total value of $844,284.00. Following the transaction, the insider now directly owns 18,000 shares in the company, valued at $1,809,180. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of Marriott International (MAR) traded down 2.45% during midday trading on Thursday, reaching $97.84. The company’s stock had a trading volume of 2,544,038 shares. Marriott International has a 12 month low of $65.91 and a 12 month high of $110.51. The company has a market cap of $36.44 billion, a price-to-earnings ratio of 32.11 and a beta of 1.36. The stock has a 50-day moving average of $101.93 and a 200 day moving average of $96.78.
Marriott International (NASDAQ:MAR) last released its quarterly earnings data on Monday, August 7th. The company reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.11. The business had revenue of $5.80 billion during the quarter, compared to the consensus estimate of $5.73 billion. Marriott International had a return on equity of 26.26% and a net margin of 5.27%. The firm’s revenue was up 48.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.03 earnings per share. On average, analysts predict that Marriott International will post $4.14 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Thursday, August 24th will be issued a $0.33 dividend. The ex-dividend date of this dividend 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 is presently 45.52%.
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Large investors have recently made changes to their positions in the company. BlackRock Inc. increased its stake 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 valued at $1,787,379,000 after buying an additional 18,106,240 shares during the period. FMR LLC increased its stake in shares of Marriott International by 112.2% in the first quarter. FMR LLC now owns 11,625,543 shares of the company’s stock valued at $1,094,894,000 after buying an additional 6,147,789 shares during the period. Capital Research Global Investors increased its stake 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 valued at $1,280,257,000 after buying an additional 862,710 shares during the period. Janus Henderson Group PLC increased its stake in shares of Marriott International by 1,881.3% in the second quarter. Janus Henderson Group PLC now owns 887,490 shares of the company’s stock valued at $89,025,000 after buying an additional 842,696 shares during the period. Finally, TIAA CREF Investment Management LLC increased its stake in shares of Marriott International by 35.5% in the first quarter. TIAA CREF Investment Management LLC now owns 2,627,606 shares of the company’s stock valued at $247,468,000 after buying an additional 689,051 shares during the period. Institutional investors own 67.11% of the company’s stock.
MAR has been the topic of a number of research analyst reports. Guggenheim initiated coverage on Marriott International in a report on Wednesday, April 26th. They set a “neutral” rating on the stock. BidaskClub lowered Marriott International from a “buy” rating to a “hold” rating in a report on Wednesday, July 5th. Barclays PLC reaffirmed a “hold” rating and set a $105.00 target price on shares of Marriott International in a report on Friday, May 12th. Zacks Investment Research raised Marriott International from a “sell” rating to a “hold” rating in a report on Wednesday, August 9th. Finally, Royal Bank Of Canada reaffirmed 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 investment analyst has rated the stock with a sell rating, nine have given a hold rating and ten have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price 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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