Marriott International Inc (NASDAQ:MAR) insider David Grissen sold 2,139 shares of the stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $127.73, for a total value of $273,214.47. Following the sale, the insider now directly owns 47,340 shares in the company, valued at $6,046,738.20. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Shares of Marriott International Inc (NASDAQ MAR) traded down $1.98 during midday trading on Tuesday, hitting $133.75. 2,949,151 shares of the stock were exchanged, compared to its average volume of 2,317,400. The firm has a market cap of $48,760.00, a P/E ratio of 36.35, a P/E/G ratio of 3.39 and a beta of 1.35. The company has a debt-to-equity ratio of 1.83, a current ratio of 0.52 and a quick ratio of 0.52. Marriott International Inc has a fifty-two week low of $81.04 and a fifty-two week high of $137.60.
Marriott International (NASDAQ:MAR) last announced its quarterly earnings results on Tuesday, November 7th. The company reported $1.10 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate 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 the consensus estimate of $5.22 billion. During the same quarter last year, the firm earned $0.91 EPS. The business’s revenue was up 43.7% compared to the same quarter last year. equities research analysts forecast that Marriott International Inc will post 4.24 earnings per share for the current fiscal year.
Marriott International announced that its board has authorized a stock buyback plan on Thursday, November 9th that authorizes the company to repurchase 30,000,000 shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its shares are undervalued.
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 was Tuesday, November 21st. This represents a $1.32 annualized dividend and a yield of 0.99%. Marriott International’s dividend payout ratio (DPR) is presently 35.87%.
A number of research firms have recently commented on MAR. Barclays raised their target price on Marriott International from $105.00 to $130.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 28th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $115.00 price target (up from $98.00) on shares of Marriott International in a research note on Wednesday, November 8th. BidaskClub raised shares of Marriott International from a “buy” rating to a “strong-buy” rating in a research note on Thursday, December 21st. Robert W. Baird raised their price target on shares of Marriott International from $111.00 to $115.00 and gave the company a “neutral” rating in a research note on Friday, November 10th. Finally, SunTrust Banks raised their price target on shares of Marriott International to $108.00 and gave the company a “hold” rating in a research note on Thursday, November 9th. One equities research analyst has rated the stock with a sell rating, nine have given 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 an average target price of $111.62.
Institutional investors have recently bought and sold shares of the stock. FMR LLC grew its stake in shares of Marriott International by 32.5% in the second quarter. FMR LLC now owns 15,406,182 shares of the company’s stock worth $1,545,394,000 after acquiring an additional 3,780,639 shares in the last quarter. Capital Research Global Investors grew its stake in shares of Marriott International by 7.2% in the second quarter. Capital Research Global Investors now owns 12,763,000 shares of the company’s stock worth $1,280,257,000 after acquiring an additional 862,710 shares in the last quarter. Janus Henderson Group PLC grew its stake in shares of Marriott International by 1,881.3% in the second quarter. Janus Henderson Group PLC now owns 887,490 shares of the company’s stock worth $89,025,000 after acquiring an additional 842,696 shares in the last quarter. Koch Industries Inc. acquired a new position in shares of Marriott International in the second quarter worth $629,000. Finally, Los Angeles Capital Management & Equity Research Inc. grew its stake in shares of Marriott International by 385.9% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 707,256 shares of the company’s stock worth $70,945,000 after acquiring an additional 561,707 shares in the last quarter. Hedge funds and other institutional investors own 66.65% of the company’s stock.
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About Marriott International
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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