Marriott International (NASDAQ:MAR) Insider Sells $5,049,879.75 in Stock

Marriott International, Inc. (NASDAQ:MAR) insider Deborah Harrison sold 11,985 shares of the company’s stock in a transaction dated Tuesday, November 10th. The stock was sold at an average price of $421.35, for a total transaction of $5,049,879.75. Following the transaction, the insider owned 163,225 shares of the company’s stock, valued at $68,774,853.75. This represents a 6.84% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Deborah Marriott Harrison also recently made the following trade(s):

• On Friday, September 25th, Deborah Harrison sold 3,500 shares of Marriott International stock. The shares were sold at an average price of $352.09, for a total transaction of $1,232,315.00.

Marriott International Trading Down 1.1%

Marriott International stock traded down $4.52 during midday trading on Thursday, reaching $424.66. 1,335,458 shares of the stock traded hands, compared to its average volume of 1,571,434. The firm has a fifty day moving average price of $371.23 and a two-hundred day moving average price of $359.71. The firm has a market cap of $109.35 billion, a price-to-earnings ratio of 42.38, a PEG ratio of 3.07 and a beta of 1.15. Marriott International, Inc. has a fifty-two week low of $280.99 and a fifty-two week high of $433.30.

Marriott International (NASDAQ:MAR) last posted its earnings results on Monday, November 2nd. The company reported $3.02 EPS for the quarter, topping the consensus estimate of $2.84 by $0.18. Marriott International had a net margin of 9.68% and a negative return on equity of 69.94%. The firm had revenue of $7 billion during the quarter, compared to analysts’ expectations of $6.93 billion. During the same quarter in the prior year, the firm earned $2.47 EPS. Marriott International’s quarterly revenue was up 8.0% on a year-over-year basis. Analysts anticipate that Marriott International, Inc. will post 12.10 earnings per share for the current year.

Marriott International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Thursday, November 19th will be issued a $0.73 dividend. This represents a $2.92 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Thursday, November 19th. Marriott International’s dividend payout ratio is 29.14%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in MAR. Valley National Advisers Inc. boosted its stake in Marriott International by 4,398.1% during the third quarter. Valley National Advisers Inc. now owns 7,017 shares of the company’s stock valued at $2,496,000 after buying an additional 6,861 shares in the last quarter. Integrity Alliance LLC. raised its position in Marriott International by 375.1% in the third quarter. Integrity Alliance LLC. now owns 3,240 shares of the company’s stock worth $1,152,000 after acquiring an additional 2,558 shares in the last quarter. Tidal Investments LLC raised its position in Marriott International by 62.5% in the second quarter. Tidal Investments LLC now owns 34,640 shares of the company’s stock worth $12,837,000 after acquiring an additional 13,322 shares in the last quarter. VMS Asset Management Limited acquired a new stake in Marriott International in the 3rd quarter valued at about $2,927,000. Finally, First Citizens Bank & Trust Co. acquired a new stake in Marriott International in the 3rd quarter valued at about $1,249,000. Institutional investors and hedge funds own 70.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on MAR. China Intl Cap upgraded Marriott International to a “strong-buy” rating in a research report on Wednesday, August 12th. JPMorgan Chase & Co. increased their price target on Marriott International from $388.00 to $406.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 21st. Morgan Stanley increased their price target on Marriott International from $384.00 to $403.00 and gave the stock an “overweight” rating in a research note on Thursday, October 22nd. Robert W. Baird raised their price target on Marriott International from $395.00 to $414.00 and gave the company a “neutral” rating in a report on Tuesday, November 3rd. Finally, Jefferies Financial Group restated a “buy” rating on shares of Marriott International in a research note on Wednesday, November 4th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Marriott International presently has a consensus rating of “Moderate Buy” and a consensus target price of $399.04.

About Marriott International

Marriott International is a global lodging company that manages, franchises, and licenses hotels, resorts, and other accommodations. Its portfolio spans luxury, premium, select-service, and extended-stay brands, including The Ritz-Carlton, St. Regis, W Hotels, Marriott, Sheraton, Courtyard, Residence Inn, and Moxy. The company traces its origins to a root beer stand opened by J. Willard and Alice Marriott in Washington, D.C., in 1927. It entered the lodging business in the 1950s and is headquartered in Bethesda, Maryland.