Marriott International (NASDAQ:MAR) Stock: Insider Deborah Marriott Harrison Sells 11,985 Shares

Marriott International, Inc. (NASDAQ:MAR) insider Deborah Harrison sold 11,985 shares of the company’s stock in a transaction that occurred on Tuesday, November 10th. The stock was sold at an average price of $421.35, for a total transaction of $5,049,879.75. Following the transaction, the insider owned 163,225 shares in the company, valued at $68,774,853.75. The trade was a 6.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

Deborah Marriott Harrison also recently made the following trade(s):

• On Friday, September 25th, Deborah Harrison sold 3,500 shares of Marriott International stock. The shares were sold at an average price of $352.09, for a total transaction of $1,232,315.00.

Marriott International Price Performance

MAR stock opened at $423.16 on Friday. The company has a 50 day moving average price of $374.81 and a 200 day moving average price of $360.79. Marriott International, Inc. has a fifty-two week low of $280.99 and a fifty-two week high of $433.30. The stock has a market capitalization of $108.96 billion, a PE ratio of 42.23, a price-to-earnings-growth ratio of 3.04 and a beta of 1.15.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings data on Monday, November 2nd. The company reported $3.02 EPS for the quarter, beating analysts’ consensus estimates of $2.84 by $0.18. The firm had revenue of $7 billion for the quarter, compared to analyst estimates of $6.93 billion. Marriott International had a negative return on equity of 69.94% and a net margin of 9.68%. The business’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same period last year, the company earned $2.47 EPS. As a group, equities analysts expect that Marriott International, Inc. will post 12.10 earnings per share for the current fiscal year.

Marriott International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Thursday, November 19th will be issued a $0.73 dividend. The ex-dividend date is Thursday, November 19th. This represents a $2.92 annualized dividend and a yield of 0.7%. Marriott International’s dividend payout ratio (DPR) is currently 29.14%.

Marriott International News Summary

Investors following MAR have been watching these news items:

• Positive Sentiment: Marriott’s latest reported quarter beat analyst expectations: adjusted earnings were $3.02 per share versus $2.84 expected, and revenue grew 8% year over year. This provides a supportive backdrop, though the results were reported earlier this month. Article: Marriott International CAO sells shares
• Neutral Sentiment: Marriott Bonvoy is offering 25% off stays through May 2027. The extended sale could encourage bookings, but discounting may also weigh on room rates and revenue per available room. Article: Marriott Bonvoy Cyber Week sale
• Negative Sentiment: Two insiders disclosed sales made November 10: CAO Felitia Lee sold 736 shares, and Deborah Harrison sold 11,985 shares. Such sales can raise investor concern, although both retained substantial holdings and the transactions alone do not establish a negative view of the company. Article: Marriott International insider trades

Institutional Trading of Marriott International

A number of large investors have recently made changes to their positions in the company. State Street Corp grew its stake in Marriott International by 2.9% in the second quarter. State Street Corp now owns 9,644,773 shares of the company’s stock valued at $3,574,256,000 after acquiring an additional 272,044 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Marriott International by 0.8% during the first quarter. Dimensional Fund Advisors LP now owns 727,472 shares of the company’s stock worth $237,893,000 after purchasing an additional 5,530 shares during the period. Swiss National Bank lifted its holdings in shares of Marriott International by 5.9% during the 1st quarter. Swiss National Bank now owns 669,398 shares of the company’s stock valued at $218,940,000 after purchasing an additional 37,080 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Marriott International by 5.9% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 664,123 shares of the company’s stock valued at $236,209,000 after purchasing an additional 36,765 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its position in shares of Marriott International by 35.8% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 512,496 shares of the company’s stock valued at $182,279,000 after purchasing an additional 135,230 shares during the period. Institutional investors own 70.70% of the company’s stock.

Wall Street Analysts Forecast Growth

MAR has been the subject of several recent research reports. Morgan Stanley boosted their price objective on Marriott International from $384.00 to $403.00 and gave the stock an “overweight” rating in a report on Thursday, October 22nd. Erste Group Bank started coverage on shares of Marriott International in a research note on Thursday, August 27th. They issued a “buy” rating on the stock. CICC Research assumed coverage on shares of Marriott International in a research report on Wednesday, August 12th. They set an “outperform” rating and a $410.00 price target for the company. Mizuho cut their price objective on shares of Marriott International from $384.00 to $374.00 and set a “neutral” rating on the stock in a report on Tuesday, August 4th. Finally, Truist Financial raised their price objective on shares of Marriott International from $356.00 to $360.00 and gave the company a “hold” rating in a research note on Thursday, September 10th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Marriott International currently has a consensus rating of “Moderate Buy” and a consensus target price of $399.04.

Marriott International Company Profile

Marriott International is a global lodging company that manages, franchises, and licenses hotels, resorts, and other accommodations. Its portfolio spans luxury, premium, select-service, and extended-stay brands, including The Ritz-Carlton, St. Regis, W Hotels, Marriott, Sheraton, Courtyard, Residence Inn, and Moxy. The company traces its origins to a root beer stand opened by J. Willard and Alice Marriott in Washington, D.C., in 1927. It entered the lodging business in the 1950s and is headquartered in Bethesda, Maryland.