Marriott International Inc (NASDAQ:MAR) insider Craig S. Smith sold 14,422 shares of the stock in a transaction on Tuesday, March 20th. The stock was sold at an average price of $140.80, for a total transaction of $2,030,617.60. Following the transaction, the insider now owns 34,899 shares of the company’s stock, valued at approximately $4,913,779.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
MAR stock opened at $133.76 on Friday. The firm has a market cap of $50,115.86, a PE ratio of 37.16, a PEG ratio of 2.50 and a beta of 1.35. Marriott International Inc has a 1 year low of $90.00 and a 1 year high of $149.21. The company has a debt-to-equity ratio of 2.10, a current ratio of 0.46 and a quick ratio of 0.46.
Marriott International (NASDAQ:MAR) last issued its quarterly earnings data on Wednesday, February 14th. The company reported $1.12 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.00 by $0.12. The company had revenue of $5.88 billion for the quarter, compared to analyst estimates of $5.61 billion. Marriott International had a net margin of 5.99% and a return on equity of 36.15%. The company’s revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.85 earnings per share. sell-side analysts predict that Marriott International Inc will post 5.33 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Friday, February 23rd will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 0.99%. The ex-dividend date is Thursday, February 22nd. Marriott International’s payout ratio is presently 36.67%.
MAR has been the subject of several recent research reports. Zacks Investment Research upgraded shares of Marriott International from a “hold” rating to a “buy” rating and set a $158.00 target price for the company in a report on Friday, January 19th. Deutsche Bank reaffirmed a “hold” rating and set a $124.00 price target on shares of Marriott International in a research report on Wednesday, December 6th. BidaskClub raised shares of Marriott International from a “buy” rating to a “strong-buy” rating in a research report on Thursday, December 21st. ValuEngine raised shares of Marriott International from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $132.00 price target on shares of Marriott International in a research report on Tuesday, January 9th. Nine equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $124.41.
Several institutional investors and hedge funds have recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. raised its position in shares of Marriott International by 3.3% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 11,331 shares of the company’s stock valued at $1,538,000 after purchasing an additional 361 shares during the period. Xact Kapitalforvaltning AB raised its position in shares of Marriott International by 11.9% in the fourth quarter. Xact Kapitalforvaltning AB now owns 29,601 shares of the company’s stock valued at $4,018,000 after purchasing an additional 3,145 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in shares of Marriott International by 19.0% in the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 234,164 shares of the company’s stock valued at $31,783,000 after purchasing an additional 37,323 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd. raised its position in shares of Marriott International by 55.6% in the fourth quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 16,800 shares of the company’s stock valued at $2,280,000 after purchasing an additional 6,000 shares during the period. Finally, Altman Advisors Inc. bought a new position in shares of Marriott International in the fourth quarter valued at about $2,042,000. 65.59% of the stock is currently owned by institutional investors.
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.
Receive News & Ratings for Marriott International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marriott International and related companies with MarketBeat.com's FREE daily email newsletter.