Marriott International (NASDAQ:MAR) EVP Benjamin Breland Sells 2,408 Shares of Company Stock

Marriott International, Inc. (NASDAQ:MAR) EVP Benjamin Breland sold 2,408 shares of the stock in a transaction on Thursday, November 12th. The stock was sold at an average price of $424.52, for a total value of $1,022,244.16. Following the sale, the executive vice president directly owned 21,243 shares of the company’s stock, valued at approximately $9,018,078.36. This represents a 10.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Marriott International Stock Performance

MAR traded down $1.50 during trading on Friday, hitting $423.16. The stock had a trading volume of 1,907,906 shares, compared to its average volume of 1,727,323. The firm has a market capitalization of $108.96 billion, a P/E ratio of 42.23, a PEG ratio of 3.04 and a beta of 1.15. The company’s 50-day moving average price is $374.81 and its 200 day moving average price is $360.79. Marriott International, Inc. has a twelve month low of $280.99 and a twelve month high of $433.30.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings data on Monday, November 2nd. The company reported $3.02 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $7 billion during the quarter, compared to the consensus estimate 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. As a group, equities analysts expect that Marriott International, Inc. will post 12.10 earnings per share for the current fiscal year.

Marriott International Announces Dividend

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

Hedge Funds Weigh In On Marriott International

Large investors have recently made changes to their positions in the stock. Valley National Advisers Inc. grew its stake in shares of Marriott International by 4,398.1% during the 3rd 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 during the period. Integrity Alliance LLC. increased its holdings in shares of Marriott International by 375.1% during the 3rd quarter. Integrity Alliance LLC. now owns 3,240 shares of the company’s stock worth $1,152,000 after buying an additional 2,558 shares during the last quarter. Tidal Investments LLC raised its position in shares of Marriott International by 62.5% in the 2nd quarter. Tidal Investments LLC now owns 34,640 shares of the company’s stock worth $12,837,000 after buying an additional 13,322 shares during the period. VMS Asset Management Limited purchased a new position in shares of Marriott International in the 3rd quarter worth $2,927,000. Finally, First Citizens Bank & Trust Co. acquired a new position in Marriott International in the third quarter valued at $1,249,000. Hedge funds and other institutional investors own 70.70% of the company’s stock.

Analyst Upgrades and Downgrades

MAR has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. raised their price objective on shares of Marriott International from $388.00 to $406.00 and gave the company a “neutral” rating in a research report on Wednesday, October 21st. Truist Financial boosted their target price on Marriott International from $356.00 to $360.00 and gave the stock a “hold” rating in a research report on Thursday, September 10th. Citigroup boosted their target price on Marriott International from $365.00 to $450.00 and gave the stock a “neutral” rating in a research report on Friday, November 6th. China Intl Cap raised Marriott International to a “strong-buy” rating in a report on Wednesday, August 12th. Finally, Erste Group Bank assumed coverage on Marriott International in a research note on Thursday, August 27th. They issued a “buy” rating on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $399.04.

More Marriott International News

Investors following MAR have been watching these news items:

• Positive Sentiment: Marriott agreed to add a 350-room Courtyard hotel in Bengaluru, expanding its footprint in a major South Asian market. The project is a longer-term growth opportunity rather than an immediate earnings driver. Article: Marriott signs agreement for South Asia’s largest Courtyard Hotel in Bengaluru
• Positive Sentiment: Marriott’s latest reported quarter beat analyst expectations: adjusted earnings were $3.02 per share versus $2.84 expected, and revenue grew 8% year over year. This provides a supportive backdrop, though the results were reported earlier this month. Article: Marriott International CAO sells shares
• Neutral Sentiment: Marriott Bonvoy is offering 25% off stays through May 2027. The extended sale could encourage bookings, but discounting may also weigh on room rates and revenue per available room. Article: Marriott Bonvoy Cyber Week sale

Marriott International Company Profile

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.