Investors Buy Shares of Marriott International (MAR) on Weakness After Insider Selling

Investors bought shares of Marriott International Inc (NASDAQ:MAR) on weakness during trading hours on Tuesday following insider selling activity. $87.64 million flowed into the stock on the tick-up and $66.10 million flowed out of the stock on the tick-down, for a money net flow of $21.54 million into the stock. Of all equities tracked, Marriott International had the 23rd highest net in-flow for the day. Marriott International traded down ($1.98) for the day and closed at $133.75Specifically, insider Craig S. Smith sold 5,840 shares of Marriott International stock in a transaction dated Thursday, December 28th. The shares were sold at an average price of $136.26, for a total transaction of $795,758.40. Following the completion of the transaction, the insider now owns 26,317 shares in the company, valued at $3,585,954.42. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Deborah Marriott Harrison sold 130,000 shares of Marriott International stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $119.17, for a total transaction of $15,492,100.00. Following the transaction, the insider now owns 114,155 shares of the company’s stock, valued at approximately $13,603,851.35. The disclosure for this sale can be found here. In the last three months, insiders have sold 221,825 shares of company stock worth $27,378,820. 11.32% of the stock is owned by insiders.

A number of brokerages have issued reports on MAR. Barclays lifted their target price on shares of Marriott International from $105.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 28th. Stifel Nicolaus restated a “hold” rating and set a $115.00 target price (up previously from $98.00) on shares of Marriott International in a research report on Wednesday, November 8th. BidaskClub upgraded shares of Marriott International from a “buy” rating to a “strong-buy” rating in a research report on Thursday, December 21st. Robert W. Baird boosted their price objective on shares of Marriott International from $111.00 to $115.00 and gave the company a “neutral” rating in a research report on Friday, November 10th. Finally, SunTrust Banks boosted their price objective on shares of Marriott International to $108.00 and gave the company a “hold” rating in a research report on Thursday, November 9th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $111.62.

The company has a debt-to-equity ratio of 1.83, a quick ratio of 0.52 and a current ratio of 0.52. The firm has a market capitalization of $48,760.00, a PE ratio of 36.35, a price-to-earnings-growth ratio of 3.39 and a beta of 1.35.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings data on Tuesday, November 7th. The company reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.12. Marriott International had a net margin of 6.30% and a return on equity of 31.58%. The business had revenue of $5.66 billion during the quarter, compared to analyst estimates of $5.22 billion. During the same quarter in the previous year, the business posted $0.91 earnings per share. The company’s revenue was up 43.7% on a year-over-year basis. equities research analysts predict that Marriott International Inc will post 4.24 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Wednesday, November 22nd were issued a $0.33 dividend. The ex-dividend date of this dividend was Tuesday, November 21st. This represents a $1.32 dividend on an annualized basis and a yield of 0.99%. Marriott International’s payout ratio is 35.87%.

Marriott International announced that its board has initiated a share repurchase plan on Thursday, November 9th that authorizes the company to repurchase 30,000,000 shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

Institutional investors have recently added to or reduced their stakes in the stock. AHL Partners LLP grew its holdings in Marriott International by 230.4% in the second quarter. AHL Partners LLP now owns 19,615 shares of the company’s stock valued at $1,967,000 after purchasing an additional 13,679 shares during the period. Numeric Investors LLC purchased a new stake in Marriott International in the second quarter valued at approximately $772,000. State Board of Administration of Florida Retirement System grew its holdings in Marriott International by 0.7% in the third quarter. State Board of Administration of Florida Retirement System now owns 467,559 shares of the company’s stock valued at $51,553,000 after purchasing an additional 3,140 shares during the period. Asset Advisors Corp grew its holdings in Marriott International by 1.0% in the third quarter. Asset Advisors Corp now owns 121,972 shares of the company’s stock valued at $13,449,000 after purchasing an additional 1,175 shares during the period. Finally, Wells Fargo & Company MN grew its holdings in Marriott International by 28.0% in the second quarter. Wells Fargo & Company MN now owns 1,259,396 shares of the company’s stock valued at $126,329,000 after purchasing an additional 275,382 shares during the period. Hedge funds and other institutional investors own 66.65% of the company’s stock.

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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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