Marriott International, Inc. (NASDAQ:MAR) CAO Sells $253,255.68 in Stock

by · The Cerbat Gem

Marriott International, Inc. (NASDAQ:MAR – Get Free Report) CAO Felitia Lee sold 916 shares of Marriott International stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $276.48, for a total value of $253,255.68. Following the transaction, the chief accounting officer now owns 5,609 shares of the company’s stock, valued at $1,550,776.32. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Marriott International Trading Up 1.1 %

MAR opened at $280.80 on Monday. The company has a 50 day moving average of $251.24 and a 200 day moving average of $240.26. Marriott International, Inc. has a 12 month low of $192.27 and a 12 month high of $282.80. The company has a market cap of $78.03 billion, a PE ratio of 29.37, a price-to-earnings-growth ratio of 6.15 and a beta of 1.58.

Marriott International (NASDAQ:MAR – Get Free Report) last announced its quarterly earnings results on Monday, November 4th. The company reported $2.26 earnings per share for the quarter, missing the consensus estimate of $2.31 by ($0.05). The company had revenue of $6.26 billion during the quarter, compared to analysts’ expectations of $6.27 billion. Marriott International had a net margin of 11.18% and a negative return on equity of 177.91%. Marriott International’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter last year, the firm posted $2.11 earnings per share. Research analysts forecast that Marriott International, Inc. will post 9.27 earnings per share for the current fiscal year.

Marriott International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Thursday, November 21st will be given a $0.63 dividend. The ex-dividend date is Thursday, November 21st. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.90%. Marriott International’s dividend payout ratio (DPR) is currently 26.36%.

Institutional Trading of Marriott International

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Bangor Savings Bank raised its holdings in shares of Marriott International by 131.1% in the 2nd quarter. Bangor Savings Bank now owns 104 shares of the company’s stock valued at $25,000 after acquiring an additional 59 shares in the last quarter. Hantz Financial Services Inc. bought a new stake in Marriott International during the second quarter valued at approximately $26,000. MFA Wealth Advisors LLC purchased a new position in Marriott International in the 2nd quarter worth approximately $28,000. Silvant Capital Management LLC bought a new position in shares of Marriott International in the 3rd quarter worth $31,000. Finally, Darwin Wealth Management LLC bought a new stake in shares of Marriott International during the 3rd quarter worth $33,000. Institutional investors own 70.70% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. UBS Group cut their target price on Marriott International from $267.00 to $244.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 13th. Truist Financial cut their price objective on shares of Marriott International from $263.00 to $254.00 and set a “hold” rating on the stock in a report on Tuesday, August 6th. Bank of America increased their target price on shares of Marriott International from $275.00 to $300.00 and gave the company a “buy” rating in a report on Monday, October 21st. Morgan Stanley reduced their price objective on shares of Marriott International from $268.00 to $250.00 and set an “overweight” rating for the company in a research report on Tuesday, August 6th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Marriott International from $235.00 to $255.00 and gave the stock a “neutral” rating in a research report on Friday, July 19th. Thirteen investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Marriott International has an average rating of “Hold” and an average price target of $259.00.

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Marriott International Company Profile

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Marriott International, Inc engages in operating, franchising, and licensing hotel, residential, timeshare, and other lodging properties worldwide. It operates its properties under the JW Marriott, The Ritz-Carlton, The Luxury Collection, W Hotels, St. Regis, EDITION, Bvlgari, Marriott Hotels, Sheraton, Westin, Autograph Collection, Renaissance Hotels, Le Méridien, Delta Hotels by Marriott, Tribute Portfolio, Gaylord Hotels, Design Hotels, Marriott Executive Apartments, Apartments by Marriott Bonvoy, Courtyard by Marriott, Fairfield by Marriott, Residence Inn by Marriott, SpringHill Suites by Marriott, Four Points by Sheraton, TownePlace Suites by Marriott, Aloft Hotels, AC Hotels by Marriott, Moxy Hotels, Element Hotels, Protea Hotels by Marriott, City Express by Marriott, and St.

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