Marriott International, Inc. (NASDAQ:MAR) CFO Sells $4,031,458.86 in Stock

Marriott International, Inc. (NASDAQ:MAR) CFO Kathleen K. Oberg sold 14,498 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $278.07, for a total transaction of $4,031,458.86. Following the completion of the sale, the chief financial officer now directly owns 14,282 shares in the company, valued at approximately $3,971,395.74. The trade was a 50.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Marriott International Stock Down 0.3 %

Shares of NASDAQ MAR opened at $276.76 on Tuesday. The business has a 50 day moving average price of $283.46 and a two-hundred day moving average price of $265.88. Marriott International, Inc. has a fifty-two week low of $204.55 and a fifty-two week high of $307.52. The firm has a market cap of $76.30 billion, a PE ratio of 33.26, a price-to-earnings-growth ratio of 3.42 and a beta of 1.57.

Marriott International (NASDAQ:MAR) last released its earnings results on Tuesday, February 11th. The company reported $2.45 earnings per share for the quarter, topping the consensus estimate of $2.37 by $0.08. Marriott International had a net margin of 9.46% and a negative return on equity of 116.67%. On average, analysts anticipate that Marriott International, Inc. will post 10.1 earnings per share for the current year.

Marriott International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, February 27th will be given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date is Thursday, February 27th. Marriott International’s dividend payout ratio is presently 30.29%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on MAR shares. Robert W. Baird increased their price objective on Marriott International from $258.00 to $264.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Jefferies Financial Group lifted their price target on shares of Marriott International from $251.00 to $295.00 and gave the stock a “hold” rating in a report on Thursday, January 2nd. Evercore ISI upgraded shares of Marriott International from an “in-line” rating to an “outperform” rating and set a $330.00 price target on the stock in a report on Tuesday, February 4th. TD Cowen dropped their price objective on Marriott International from $295.00 to $283.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Finally, Sanford C. Bernstein increased their target price on shares of Marriott International from $262.00 to $290.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 5th. Thirteen investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $284.05.

Hedge Funds Weigh In On Marriott International

Large investors have recently bought and sold shares of the business. Forum Financial Management LP raised its position in shares of Marriott International by 12.5% during the 4th quarter. Forum Financial Management LP now owns 11,139 shares of the company’s stock worth $3,107,000 after purchasing an additional 1,238 shares during the period. Ball & Co Wealth Management Inc. bought a new position in Marriott International during the 4th quarter worth $147,000. Toronto Dominion Bank lifted its stake in Marriott International by 5.1% in the fourth quarter. Toronto Dominion Bank now owns 132,887 shares of the company’s stock valued at $37,067,000 after buying an additional 6,404 shares during the last quarter. Formidable Asset Management LLC acquired a new position in shares of Marriott International during the fourth quarter valued at $219,000. Finally, GF Fund Management CO. LTD. bought a new position in shares of Marriott International during the fourth quarter worth about $14,691,000. Institutional investors own 70.70% of the company’s stock.

Marriott International Company Profile

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.