Marriott International, Inc. (NASDAQ:MAR) Insider William P. Brown Sells 1,707 Shares

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

Marriott International Stock Performance

Shares of NASDAQ MAR opened at $288.00 on Tuesday. The stock has a market capitalization of $80.03 billion, a P/E ratio of 30.13, a PEG ratio of 5.59 and a beta of 1.58. The stock’s fifty day moving average is $262.99 and its 200 day moving average is $243.80. Marriott International, Inc. has a 52 week low of $200.94 and a 52 week high of $289.63.

Marriott International (NASDAQ:MAR) last released its 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). The firm had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $6.27 billion. Marriott International had a net margin of 11.18% and a negative return on equity of 177.91%. Marriott International’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the business earned $2.11 earnings per share. Equities research analysts forecast that Marriott International, Inc. will post 9.26 earnings per share for the current year.

Marriott International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Thursday, November 21st will be issued 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 dividend payout ratio is presently 26.36%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on MAR shares. Morgan Stanley lowered their price target on Marriott International from $268.00 to $250.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 6th. UBS Group decreased their target price on Marriott International from $267.00 to $244.00 and set a “neutral” rating on the stock in a report on Tuesday, August 13th. Bank of America lifted their price objective on shares of Marriott International from $275.00 to $300.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. BMO Capital Markets increased their price objective on shares of Marriott International from $255.00 to $265.00 and gave the company a “market perform” rating in a research report on Tuesday, November 5th. Finally, Wells Fargo & Company lifted 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. Thirteen equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $259.00.

Hedge Funds Weigh In On Marriott International

Institutional investors have recently modified their holdings of the business. Larson Financial Group LLC boosted its position in Marriott International by 10.8% in the third quarter. Larson Financial Group LLC now owns 379 shares of the company’s stock valued at $94,000 after buying an additional 37 shares in the last quarter. Harbor Capital Advisors Inc. boosted its holdings in shares of Marriott International by 0.4% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 8,698 shares of the company’s stock valued at $2,162,000 after acquiring an additional 38 shares in the last quarter. Haverford Trust Co grew its position in Marriott International by 1.0% during the 3rd quarter. Haverford Trust Co now owns 4,207 shares of the company’s stock worth $1,046,000 after acquiring an additional 40 shares during the last quarter. Rockland Trust Co. raised its position in Marriott International by 2.3% in the second quarter. Rockland Trust Co. now owns 1,802 shares of the company’s stock valued at $436,000 after purchasing an additional 41 shares during the last quarter. Finally, Park Avenue Securities LLC boosted its stake in shares of Marriott International by 1.4% during the second quarter. Park Avenue Securities LLC now owns 3,298 shares of the company’s stock valued at $797,000 after purchasing an additional 46 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.