Marriott International Inc (NASDAQ:MAR) insider William P. Brown sold 11,640 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $121.53, for a total transaction of $1,414,609.20. Following the completion of the transaction, the insider now owns 5,704 shares of the company’s stock, valued at $693,207.12. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
MAR traded up $2.22 during mid-day trading on Friday, reaching $121.84. 80,948 shares of the company traded hands, compared to its average volume of 2,098,429. The firm has a market cap of $40.99 billion, a PE ratio of 19.62, a P/E/G ratio of 1.83 and a beta of 1.22. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 3.83. Marriott International Inc has a 52-week low of $100.62 and a 52-week high of $143.04.
Marriott International (NASDAQ:MAR) last issued its quarterly earnings data on Thursday, February 28th. The company reported $1.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.39 by $0.05. Marriott International had a net margin of 8.74% and a return on equity of 80.36%. During the same quarter in the prior year, the business posted $1.12 earnings per share. As a group, research analysts forecast that Marriott International Inc will post 6.07 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 1st will be given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date of this dividend is Thursday, February 28th. Marriott International’s payout ratio is 26.41%.
A number of equities analysts recently weighed in on MAR shares. Morgan Stanley set a $116.00 price objective on shares of Marriott International and gave the stock a “hold” rating in a report on Thursday, December 20th. Citigroup lowered shares of Marriott International from a “buy” rating to a “neutral” rating and decreased their target price for the company from $144.00 to $117.00 in a research note on Wednesday, December 12th. Argus lowered shares of Marriott International from a “buy” rating to a “hold” rating in a research note on Tuesday, November 20th. BidaskClub upgraded shares of Marriott International from a “hold” rating to a “buy” rating in a research note on Thursday, January 31st. Finally, Robert W. Baird reiterated a “hold” rating and set a $127.00 target price on shares of Marriott International in a research note on Monday, December 3rd. Ten investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $135.21.
Several hedge funds have recently modified their holdings of MAR. FDx Advisors Inc. bought a new position in Marriott International in the 4th quarter worth $1,351,168,000. Oregon Public Employees Retirement Fund boosted its holdings in Marriott International by 9,956.1% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 7,787,660 shares of the company’s stock worth $72,000 after buying an additional 7,710,218 shares during the period. Capital World Investors boosted its holdings in Marriott International by 600.5% in the 3rd quarter. Capital World Investors now owns 8,329,319 shares of the company’s stock worth $1,099,720,000 after buying an additional 7,140,319 shares during the period. Capital Research Global Investors boosted its holdings in Marriott International by 27.3% in the 3rd quarter. Capital Research Global Investors now owns 18,626,031 shares of the company’s stock worth $2,459,195,000 after buying an additional 3,997,729 shares during the period. Finally, Norges Bank bought a new position in Marriott International in the 4th quarter worth $310,004,000. 65.83% of the stock is owned by hedge funds and other institutional investors.
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About Marriott International
Marriott International, Inc operates, franchises, and licenses hotel, residential, and timeshare properties worldwide. The company operates through three segments: North American Full-Service, North American Limited-Service, and Asia Pacific. It operates its properties under the JW Marriott, The Ritz-Carlton, W Hotels, The Luxury Collection, St.
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