Anthony Capuano Sells 8,332 Shares of Marriott International, Inc. (NASDAQ:MAR) Stock

Marriott International, Inc. (NASDAQ:MAR) CEO Anthony Capuano sold 8,332 shares of the stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $284.49, for a total value of $2,370,370.68. Following the transaction, the chief executive officer now owns 108,361 shares of the company’s stock, valued at approximately $30,827,620.89. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Marriott International Price Performance

MAR opened at $286.47 on Thursday. The business has a fifty day simple moving average of $253.37 and a 200 day simple moving average of $240.86. Marriott International, Inc. has a 1 year low of $199.98 and a 1 year high of $289.04. The company has a market capitalization of $79.61 billion, a PE ratio of 29.97, a price-to-earnings-growth ratio of 5.63 and a beta of 1.58.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings results on Monday, November 4th. The company reported $2.26 EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $6.26 billion during the quarter, compared to analyst estimates of $6.27 billion. During the same period last year, the firm earned $2.11 EPS. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. Equities analysts anticipate that Marriott International, Inc. will post 9.26 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 Tuesday, December 31st. Stockholders of record on Thursday, November 21st will be paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date is Thursday, November 21st. Marriott International’s payout ratio is 26.36%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. CreativeOne Wealth LLC grew its stake in Marriott International by 7.5% in the third quarter. CreativeOne Wealth LLC now owns 1,772 shares of the company’s stock valued at $441,000 after acquiring an additional 123 shares during the period. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in Marriott International by 7.6% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 259,766 shares of the company’s stock worth $64,578,000 after purchasing an additional 18,439 shares in the last quarter. Blueshift Asset Management LLC purchased a new stake in Marriott International in the 3rd quarter valued at $206,000. Freedom Investment Management Inc. boosted its holdings in Marriott International by 10.6% during the 3rd quarter. Freedom Investment Management Inc. now owns 4,158 shares of the company’s stock worth $1,034,000 after acquiring an additional 397 shares during the last quarter. Finally, Townsquare Capital LLC boosted its holdings 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 purchasing an additional 1,349 shares during the last quarter. 70.70% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on MAR. Wells Fargo & Company increased their target price on shares of Marriott International from $238.00 to $261.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 22nd. Robert W. Baird lifted their target price on Marriott International from $258.00 to $264.00 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. JPMorgan Chase & Co. increased their price target on Marriott International from $235.00 to $255.00 and gave the company a “neutral” rating in a research report on Friday, July 19th. Evercore ISI boosted their price target 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. Finally, Morgan Stanley cut their price objective on Marriott International from $268.00 to $250.00 and set an “overweight” rating for the company in a report on Tuesday, August 6th. Thirteen research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $259.00.

About Marriott International

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.