J W. Marriott, Jr. Sells 26,362 Shares of Marriott International (MAR) Stock
Marriott International (NASDAQ:MAR) insider J W. Marriott, Jr. sold 26,362 shares of the company’s stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $101.78, for a total value of $2,683,124.36. Following the transaction, the insider now directly owns 203,286 shares in the company, valued at approximately $20,690,449.08. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
Marriott International (NASDAQ MAR) traded down 0.34% during mid-day trading on Thursday, hitting $101.45. The company’s stock had a trading volume of 695,135 shares. Marriott International has a 52-week low of $65.91 and a 52-week high of $110.51. The company’s 50 day moving average is $102.01 and its 200-day moving average is $98.32. The stock has a market cap of $37.78 billion, a P/E ratio of 33.30 and a beta of 1.36.
Marriott International (NASDAQ:MAR) last released its earnings results on Monday, August 7th. The company reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.11. The firm had revenue of $5.80 billion for the quarter, compared to analysts’ expectations of $5.73 billion. Marriott International had a return on equity of 26.26% and a net margin of 5.27%. The company’s quarterly revenue was up 48.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.03 earnings per share. On average, equities analysts predict that Marriott International will post $4.13 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Thursday, August 24th will be paid a dividend of $0.33 per share. The ex-dividend date is Tuesday, August 22nd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.30%. Marriott International’s dividend payout ratio is 45.52%.
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MAR has been the topic of a number of recent research reports. J P Morgan Chase & Co reaffirmed an “overweight” rating and set a $111.00 price target on shares of Marriott International in a research report on Friday, May 12th. Zacks Investment Research raised Marriott International from a “hold” rating to a “buy” rating and set a $115.00 price target on the stock in a research report on Tuesday, May 16th. BidaskClub cut Marriott International from a “buy” rating to a “hold” rating in a research report on Wednesday, July 5th. Wolfe Research raised Marriott International from a “market perform” rating to an “outperform” rating in a research report on Wednesday, August 30th. Finally, Instinet upped their price target on Marriott International from $100.00 to $121.00 and gave the company a “buy” rating in a research report on Wednesday, May 10th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the company’s stock. Marriott International has an average rating of “Buy” and an average price target of $100.08.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Advisory Services Network LLC grew its stake in shares of Marriott International by 1,490.1% during the second quarter. Advisory Services Network LLC now owns 1,129 shares of the company’s stock valued at $113,000 after buying an additional 1,058 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new position in shares of Marriott International during the first quarter valued at approximately $115,000. Baker Ellis Asset Management LLC bought a new position in shares of Marriott International during the second quarter valued at approximately $133,000. TrimTabs Asset Management LLC grew its stake in shares of Marriott International by 89.1% during the first quarter. TrimTabs Asset Management LLC now owns 1,562 shares of the company’s stock valued at $147,000 after buying an additional 736 shares during the last quarter. Finally, North Star Investment Management Corp. grew its stake in shares of Marriott International by 3.3% during the second quarter. North Star Investment Management Corp. now owns 1,583 shares of the company’s stock valued at $159,000 after buying an additional 50 shares during the last quarter. 65.93% of the stock is currently owned by hedge funds and other institutional investors.
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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