Marriott International Inc (NASDAQ:MAR) EVP Stephanie Linnartz sold 5,113 shares of the company’s stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $128.96, for a total value of $659,372.48. Following the completion of the transaction, the executive vice president now directly owns 28,263 shares of the company’s stock, valued at approximately $3,644,796.48. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Stephanie Linnartz also recently made the following trade(s):

  • On Thursday, November 16th, Stephanie Linnartz sold 8,333 shares of Marriott International stock. The stock was sold at an average price of $122.82, for a total value of $1,023,459.06.

Shares of Marriott International Inc (NASDAQ MAR) traded down $0.29 during midday trading on Thursday, hitting $128.47. The stock had a trading volume of 2,119,500 shares, compared to its average volume of 2,459,616. The firm has a market capitalization of $46,943.48, a PE ratio of 31.48, a P/E/G ratio of 3.22 and a beta of 1.35. The company has a debt-to-equity ratio of 1.83, a quick ratio of 0.52 and a current ratio of 0.52. Marriott International Inc has a twelve month low of $81.04 and a twelve month high of $129.99.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings data on Tuesday, November 7th. The company reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.12. The business had revenue of $5.66 billion for the quarter, compared to analysts’ expectations of $5.22 billion. Marriott International had a return on equity of 31.58% and a net margin of 6.30%. The company’s revenue for the quarter was up 43.7% compared to the same quarter last year. During the same period last year, the firm earned $0.91 earnings per share. sell-side analysts expect that Marriott International Inc will post 4.24 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Wednesday, November 22nd will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 1.03%. The ex-dividend date is Tuesday, November 21st. Marriott International’s payout ratio is currently 35.87%.

Marriott International declared that its board has approved a stock repurchase plan on Thursday, November 9th that allows the company to repurchase 30,000,000 outstanding shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

MAR has been the subject of a number of analyst reports. Zacks Investment Research raised Marriott International from a “hold” rating to a “buy” rating and set a $130.00 price target for the company in a report on Thursday, October 26th. Wolfe Research upgraded Marriott International from a “market perform” rating to an “outperform” rating in a research note on Wednesday, August 30th. Royal Bank of Canada reiterated a “buy” rating on shares of Marriott International in a research note on Tuesday, November 7th. Sanford C. Bernstein lowered Marriott International from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 16th. Finally, BidaskClub lowered Marriott International from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 5th. 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 stock. Marriott International presently has a consensus rating of “Buy” and an average target price of $110.86.

A number of large investors have recently bought and sold shares of MAR. Vanguard Group Inc. grew its holdings in shares of Marriott International by 1.7% during the second quarter. Vanguard Group Inc. now owns 19,999,062 shares of the company’s stock worth $2,006,106,000 after purchasing an additional 331,586 shares during the last quarter. FMR LLC grew its holdings in shares of Marriott International by 32.5% during 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 last quarter. Capital Research Global Investors grew its holdings in shares of Marriott International by 7.2% during 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 last quarter. Eaton Vance Management grew its holdings in shares of Marriott International by 13.1% during the second quarter. Eaton Vance Management now owns 2,371,202 shares of the company’s stock worth $237,855,000 after buying an additional 275,477 shares during the last quarter. Finally, Westfield Capital Management Co. LP grew its holdings in shares of Marriott International by 11.1% during the third quarter. Westfield Capital Management Co. LP now owns 1,681,372 shares of the company’s stock worth $185,388,000 after buying an additional 167,692 shares during the last quarter. 66.83% of the stock is currently owned by hedge funds and other institutional investors.

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Marriott International Company Profile

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.

Insider Buying and Selling by Quarter for Marriott International (NASDAQ:MAR)

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