Marriott International Inc (NASDAQ:MAR) insider Stephen Blake Marriott sold 1,000 shares of the company’s stock in a transaction on Friday, March 9th. The shares were sold at an average price of $143.83, for a total transaction of $143,830.00. Following the sale, the insider now owns 144,601 shares of the company’s stock, valued at approximately $20,797,961.83. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Marriott International Inc (NASDAQ MAR) opened at $141.81 on Tuesday. Marriott International Inc has a fifty-two week low of $86.25 and a fifty-two week high of $149.21. The stock has a market cap of $51,217.19, a price-to-earnings ratio of 32.87, a PEG ratio of 2.55 and a beta of 1.35. The company has a debt-to-equity ratio of 2.10, a current ratio of 0.46 and a quick ratio of 0.46.
Marriott International (NASDAQ:MAR) last announced its earnings results on Wednesday, February 14th. The company reported $1.12 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.00 by $0.12. The firm had revenue of $5.88 billion during the quarter, compared to analyst estimates of $5.61 billion. Marriott International had a net margin of 5.99% and a return on equity of 36.15%. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.85 EPS. sell-side analysts expect that Marriott International Inc will post 5.33 earnings per share for the current fiscal year.
Several analysts have commented on the stock. Royal Bank of Canada upped their target price on shares of Marriott International to $159.00 and gave the company an “outperform” rating in a research report on Monday, January 29th. Deutsche Bank upped their target price on shares of Marriott International from $136.00 to $141.00 and gave the company a “hold” rating in a research report on Friday, February 16th. Zacks Investment Research upgraded shares of Marriott International from a “hold” rating to a “buy” rating and set a $158.00 target price for the company in a research report on Friday, January 19th. Susquehanna Bancshares reiterated a “positive” rating and set a $161.00 target price (up previously from $145.00) on shares of Marriott International in a research report on Tuesday, February 13th. Finally, ValuEngine upgraded shares of Marriott International from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $122.38.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Valeo Financial Advisors LLC boosted its stake in Marriott International by 367.1% in the 4th quarter. Valeo Financial Advisors LLC now owns 738 shares of the company’s stock worth $100,000 after purchasing an additional 580 shares during the period. Wolverine Asset Management LLC acquired a new position in Marriott International in the 4th quarter worth $128,000. Grove Bank & Trust boosted its stake in Marriott International by 214.8% in the 3rd quarter. Grove Bank & Trust now owns 1,231 shares of the company’s stock worth $136,000 after purchasing an additional 840 shares during the period. Newport Wealth Strategies Inc. acquired a new position in Marriott International in the 4th quarter worth $206,000. Finally, Advisors Asset Management Inc. boosted its stake in Marriott International by 66.2% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,481 shares of the company’s stock worth $163,000 after purchasing an additional 590 shares during the period. 65.60% of the stock is 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.
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