Marriott International (NASDAQ:MAR) Stock: Insider Felitia Lee Sells 736 Shares

Marriott International, Inc. (NASDAQ:MAR) CAO Felitia Lee sold 736 shares of the firm’s stock in a transaction that occurred on Tuesday, November 10th. The shares were sold at an average price of $425.85, for a total transaction of $313,425.60. Following the completion of the sale, the chief accounting officer owned 5,634 shares of the company’s stock, valued at approximately $2,399,238.90. This trade represents a 11.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Marriott International Trading Down 1.1%

Shares of MAR stock traded down $4.52 during trading hours on Thursday, reaching $424.66. 1,335,458 shares of the company’s stock were exchanged, compared to its average volume of 1,571,434. Marriott International, Inc. has a fifty-two week low of $280.99 and a fifty-two week high of $433.30. The stock’s 50 day moving average is $373.06 and its 200-day moving average is $360.25. The company has a market cap of $109.35 billion, a price-to-earnings ratio of 42.38, a P/E/G ratio of 3.07 and a beta of 1.15.

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

Marriott International Announces Dividend

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

Institutional Trading of Marriott International

Large investors have recently added to or reduced their stakes in the company. Valley National Advisers Inc. boosted its holdings in shares of Marriott International by 4,398.1% in the 3rd quarter. Valley National Advisers Inc. now owns 7,017 shares of the company’s stock valued at $2,496,000 after acquiring an additional 6,861 shares during the last quarter. Integrity Alliance LLC. increased its stake in shares of Marriott International by 375.1% in the third quarter. Integrity Alliance LLC. now owns 3,240 shares of the company’s stock worth $1,152,000 after acquiring an additional 2,558 shares during the period. Tidal Investments LLC raised its holdings in shares of Marriott International by 62.5% during the second quarter. Tidal Investments LLC now owns 34,640 shares of the company’s stock worth $12,837,000 after purchasing an additional 13,322 shares during the last quarter. VMS Asset Management Limited purchased a new position in shares of Marriott International during the third quarter worth $2,927,000. Finally, First Citizens Bank & Trust Co. acquired a new position in Marriott International during the third quarter valued at $1,249,000. Hedge funds and other institutional investors own 70.70% of the company’s stock.

Wall Street Analysts Forecast Growth

MAR has been the topic of a number of research analyst reports. JPMorgan Chase & Co. boosted their price target on Marriott International from $388.00 to $406.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 21st. China Intl Cap upgraded shares of Marriott International to a “strong-buy” rating in a research note on Wednesday, August 12th. Stifel Nicolaus set a $402.00 target price on shares of Marriott International in a research report on Monday, November 2nd. UBS Group cut their price target on shares of Marriott International from $412.00 to $395.00 and set a “neutral” rating on the stock in a research note on Thursday, August 20th. Finally, Citigroup raised their price target on shares of Marriott International from $365.00 to $450.00 and gave the stock a “neutral” rating in a report on Friday, November 6th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $399.04.

About Marriott International

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.