Marriott International Inc (NASDAQ:MAR) insider Stephen Blake Marriott sold 1,000 shares of Marriott International stock in a transaction that occurred on Friday, March 9th. The stock was sold at an average price of $143.83, for a total value of $143,830.00. Following the transaction, the insider now owns 144,601 shares of the company’s stock, valued at $20,797,961.83. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
Marriott International Inc (MAR) traded down $1.48 during trading hours on Monday, hitting $141.81. The stock had a trading volume of 2,190,445 shares, compared to its average volume of 2,460,000. The company has a market cap of $51,700.00, a P/E ratio of 27.38, a price-to-earnings-growth ratio of 2.55 and a beta of 1.35. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 2.10. Marriott International Inc has a 1 year low of $86.03 and a 1 year high of $149.21.
Marriott International (NASDAQ:MAR) last released its earnings results on Wednesday, February 14th. The company reported $1.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.12. The firm had revenue of $5.88 billion during the quarter, compared to the consensus estimate of $5.61 billion. Marriott International had a return on equity of 36.15% and a net margin of 5.99%. The company’s revenue was up 7.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.85 EPS. analysts expect that Marriott International Inc will post 5.33 EPS for the current fiscal year.
Large investors have recently added to or reduced their stakes in the company. California Public Employees Retirement System raised its holdings in shares of Marriott International by 0.8% during the 3rd quarter. California Public Employees Retirement System now owns 823,377 shares of the company’s stock worth $90,786,000 after buying an additional 6,837 shares in the last quarter. Rockefeller Financial Services Inc. raised its holdings in shares of Marriott International by 2,222.2% during the 4th quarter. Rockefeller Financial Services Inc. now owns 41,800 shares of the company’s stock worth $5,674,000 after buying an additional 40,000 shares in the last quarter. Wells Fargo & Company MN raised its holdings in shares of Marriott International by 3.7% during the 3rd quarter. Wells Fargo & Company MN now owns 1,305,913 shares of the company’s stock worth $143,989,000 after buying an additional 46,517 shares in the last quarter. Carderock Capital Management Inc. raised its holdings in shares of Marriott International by 7.9% during the 3rd quarter. Carderock Capital Management Inc. now owns 11,397 shares of the company’s stock worth $1,257,000 after buying an additional 839 shares in the last quarter. Finally, Bank of Montreal Can raised its holdings in shares of Marriott International by 27.1% during the 4th quarter. Bank of Montreal Can now owns 278,596 shares of the company’s stock worth $37,814,000 after buying an additional 59,347 shares in the last quarter. Hedge funds and other institutional investors own 65.60% of the company’s stock.
MAR has been the subject of several research analyst reports. Sanford C. Bernstein downgraded Marriott International from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 16th. Barclays lifted their target price on Marriott International from $105.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 28th. Deutsche Bank reiterated a “hold” rating and set a $124.00 target price on shares of Marriott International in a research note on Wednesday, December 6th. Morgan Stanley reiterated a “buy” rating on shares of Marriott International in a research note on Friday, December 8th. Finally, BidaskClub upgraded Marriott International from a “buy” rating to a “strong-buy” rating in a research note on Thursday, December 21st. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Marriott International presently has an average rating of “Buy” and a consensus price target of $122.38.
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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.
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