Insider Selling: Marriott International, Inc. (NASDAQ:MAR) CFO Sells 2,360 Shares of Stock

Marriott International, Inc. (NASDAQ:MAR) CFO Kathleen K. Oberg sold 2,360 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $285.41, for a total transaction of $673,567.60. Following the completion of the transaction, the chief financial officer now owns 39,726 shares in the company, valued at approximately $11,338,197.66. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Marriott International Trading Up 0.2 %

NASDAQ:MAR traded up $0.45 during trading hours on Wednesday, reaching $286.47. The company had a trading volume of 1,274,018 shares, compared to its average volume of 1,473,546. Marriott International, Inc. has a 52 week low of $199.98 and a 52 week high of $289.04. The firm has a market cap of $79.61 billion, a price-to-earnings ratio of 29.97, a PEG ratio of 5.63 and a beta of 1.58. The firm’s 50 day moving average price is $253.37 and its 200-day moving average price is $240.86.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings results on Monday, November 4th. The company reported $2.26 EPS for the quarter, missing the consensus estimate of $2.31 by ($0.05). Marriott International had a net margin of 11.18% and a negative return on equity of 177.91%. The firm had revenue of $6.26 billion for the quarter, compared to the consensus estimate of $6.27 billion. During the same quarter in the previous year, the company posted $2.11 earnings per share. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. On average, analysts forecast that Marriott International, Inc. will post 9.26 earnings per share for the current fiscal year.

Marriott International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Thursday, November 21st will be paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date is Thursday, November 21st. Marriott International’s dividend payout ratio (DPR) is presently 26.36%.

Analyst Ratings Changes

Several equities analysts recently weighed in on MAR shares. JPMorgan Chase & Co. raised their target price on shares of Marriott International from $235.00 to $255.00 and gave the company a “neutral” rating in a research note on Friday, July 19th. Wells Fargo & Company raised their target price on shares of Marriott International from $238.00 to $261.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 22nd. Robert W. Baird lifted their price objective on shares of Marriott International from $258.00 to $264.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Morgan Stanley dropped their target price on shares of Marriott International from $268.00 to $250.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 6th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Marriott International from $222.00 to $216.00 and set a “hold” rating for the company in a research note on Thursday, August 1st. Thirteen analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $259.00.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Townsquare Capital LLC grew its stake in Marriott International by 22.3% during the third quarter. Townsquare Capital LLC now owns 7,393 shares of the company’s stock worth $1,838,000 after buying an additional 1,349 shares during the period. Brooklyn Investment Group lifted its position in shares of Marriott International by 42.1% in the third quarter. Brooklyn Investment Group now owns 1,385 shares of the company’s stock worth $344,000 after purchasing an additional 410 shares in the last quarter. Dai ichi Life Insurance Company Ltd raised its position in Marriott International by 15.2% during the third quarter. Dai ichi Life Insurance Company Ltd now owns 15,190 shares of the company’s stock valued at $3,776,000 after acquiring an additional 2,000 shares in the last quarter. Private Trust Co. NA grew its stake in shares of Marriott International by 3.9% in the third quarter. Private Trust Co. NA now owns 3,008 shares of the company’s stock worth $748,000 after acquiring an additional 113 shares during the last quarter. Finally, Mirabella Financial Services LLP boosted its stake in Marriott International by 539.9% during the third quarter. Mirabella Financial Services LLP now owns 28,256 shares of the company’s stock worth $7,024,000 after buying an additional 23,840 shares in the last quarter. Institutional investors and hedge funds 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.