Marriott International Inc (NASDAQ:MAR) insider Argiris Kyriakidis sold 20,210 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $128.79, for a total value of $2,602,845.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Marriott International stock traded down $1.46 during trading hours on Friday, reaching $131.05. 80,117 shares of the company’s stock were exchanged, compared to its average volume of 1,501,018. Marriott International Inc has a 52-week low of $100.62 and a 52-week high of $142.19. The firm has a market cap of $43.90 billion, a PE ratio of 21.18, a P/E/G ratio of 2.90 and a beta of 1.23. The company has a quick ratio of 0.42, a current ratio of 0.47 and a debt-to-equity ratio of 6.81.
Marriott International (NASDAQ:MAR) last issued its quarterly earnings results on Friday, May 10th. The company reported $1.41 earnings per share for the quarter, topping analysts’ consensus estimates of $1.34 by $0.07. Marriott International had a return on equity of 97.68% and a net margin of 8.62%. The company had revenue of $5.01 billion for the quarter, compared to analyst estimates of $5.16 billion. During the same quarter in the prior year, the company posted $1.34 EPS. The business’s revenue for the quarter was up .1% compared to the same quarter last year. Equities research analysts anticipate that Marriott International Inc will post 6.07 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, May 24th will be given a $0.48 dividend. This is a positive change from Marriott International’s previous quarterly dividend of $0.41. This represents a $1.92 annualized dividend and a dividend yield of 1.47%. The ex-dividend date is Thursday, May 23rd. Marriott International’s dividend payout ratio (DPR) is 26.41%.
Several institutional investors and hedge funds have recently modified their holdings of MAR. FDx Advisors Inc. acquired a new stake in Marriott International in the 4th quarter valued at $1,351,168,000. Oregon Public Employees Retirement Fund increased its holdings in Marriott International by 9,956.1% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 7,787,660 shares of the company’s stock valued at $72,000 after purchasing an additional 7,710,218 shares in the last quarter. Geode Capital Management LLC increased its holdings in Marriott International by 13.4% in the 4th quarter. Geode Capital Management LLC now owns 3,794,287 shares of the company’s stock valued at $411,201,000 after purchasing an additional 448,325 shares in the last quarter. Northern Trust Corp increased its holdings in Marriott International by 1.0% in the 1st quarter. Northern Trust Corp now owns 3,002,951 shares of the company’s stock valued at $375,638,000 after purchasing an additional 29,237 shares in the last quarter. Finally, Norges Bank acquired a new stake in Marriott International in the 4th quarter valued at $310,004,000. 67.36% of the stock is currently owned by institutional investors and hedge funds.
A number of research firms recently issued reports on MAR. Wells Fargo & Co upped their target price on Marriott International from $123.00 to $141.00 and gave the company a “market perform” rating in a research note on Wednesday, April 24th. BidaskClub raised Marriott International from a “hold” rating to a “buy” rating in a research note on Friday, April 5th. Cowen reaffirmed a “buy” rating and issued a $150.00 target price on shares of Marriott International in a research note on Tuesday, February 26th. Zacks Investment Research raised Marriott International from a “sell” rating to a “hold” rating in a research note on Wednesday, March 6th. Finally, SunTrust Banks increased their price target on Marriott International to $137.00 and gave the stock a “positive” rating in a research note on Monday, March 4th. Ten investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $136.29.
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About Marriott International
Marriott International, Inc operates, franchises, and licenses hotel, residential, and timeshare properties worldwide. The company operates through North American Full-Service, North American Limited-Service, and Asia Pacific segments. It operates its properties under the JW Marriott, The Ritz-Carlton, Ritz-Carlton Reserve, W Hotels, The Luxury Collection, St.
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