Marriott International, Inc. (NASDAQ:MAR) Insider Sells $485,300.10 in Stock

Marriott International, Inc. (NASDAQ:MAR) insider William P. Brown sold 1,707 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $284.30, for a total transaction of $485,300.10. Following the sale, the insider now owns 23,077 shares in the company, valued at $6,560,791.10. This represents a 6.89 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Marriott International Price Performance

Shares of MAR opened at $285.60 on Thursday. Marriott International, Inc. has a one year low of $200.94 and a one year high of $289.80. The company’s fifty day moving average price is $264.98 and its 200 day moving average price is $244.43. The company has a market capitalization of $79.37 billion, a PE ratio of 29.87, a price-to-earnings-growth ratio of 5.67 and a beta of 1.58.

Marriott International (NASDAQ:MAR) last announced its 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). Marriott International had a net margin of 11.18% and a negative return on equity of 177.91%. The business 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 earned $2.11 EPS. Marriott International’s revenue for the quarter was up 5.5% compared to the same quarter last year. Analysts anticipate that Marriott International, Inc. will post 9.26 earnings per share for the current year.

Marriott International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Thursday, November 21st will be given a $0.63 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $2.52 annualized dividend and a yield of 0.88%. Marriott International’s dividend payout ratio is 26.36%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. PointState Capital LP bought a new position in Marriott International during the third quarter valued at about $98,249,000. Canoe Financial LP bought a new stake in shares of Marriott International during the third quarter valued at approximately $77,331,000. International Assets Investment Management LLC boosted its stake in Marriott International by 15,148.3% during the third quarter. International Assets Investment Management LLC now owns 302,527 shares of the company’s stock worth $75,208,000 after buying an additional 300,543 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in Marriott International by 36,856.7% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 241,327 shares of the company’s stock valued at $58,346,000 after buying an additional 240,674 shares during the period. Finally, AXA S.A. lifted its holdings in shares of Marriott International by 133.4% during the 2nd quarter. AXA S.A. now owns 221,045 shares of the company’s stock worth $53,442,000 after acquiring an additional 126,323 shares during the period. Institutional investors and hedge funds own 70.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on MAR shares. Robert W. Baird boosted their target price on shares of Marriott International from $258.00 to $264.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Evercore ISI raised their price objective on Marriott International from $245.00 to $270.00 and gave the stock an “in-line” rating in a research report on Monday, October 21st. Barclays lifted their target price on Marriott International from $240.00 to $249.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 5th. Truist Financial decreased their price target on shares of Marriott International from $263.00 to $254.00 and set a “hold” rating for the company in a report on Tuesday, August 6th. Finally, Bank of America lifted their target price on shares of Marriott International from $275.00 to $300.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Fourteen research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, Marriott International currently has a consensus rating of “Hold” and an average target price of $260.20.

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.