Marriott International, Inc. (NASDAQ:MAR) EVP Benjamin T. Breland Sells 1,000 Shares of Stock

Marriott International, Inc. (NASDAQ:MAR) EVP Benjamin T. Breland sold 1,000 shares of the firm’s stock in a transaction on Monday, May 12th. The shares were sold at an average price of $270.21, for a total transaction of $270,210.00. Following the completion of the transaction, the executive vice president now directly owns 20,724 shares in the company, valued at $5,599,832.04. This trade represents a 4.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Marriott International Trading Down 0.6%

Shares of NASDAQ MAR opened at $272.59 on Thursday. The stock has a fifty day simple moving average of $238.33 and a two-hundred day simple moving average of $266.61. Marriott International, Inc. has a 1-year low of $204.55 and a 1-year high of $307.52. The firm has a market cap of $74.66 billion, a price-to-earnings ratio of 32.76, a price-to-earnings-growth ratio of 3.42 and a beta of 1.39.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $2.32 earnings per share for the quarter, topping the consensus estimate of $2.25 by $0.07. Marriott International had a negative return on equity of 116.67% and a net margin of 9.46%. The company had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $6.19 billion. During the same quarter in the prior year, the company earned $2.13 EPS. The firm’s quarterly revenue was up 4.8% compared to the same quarter last year. Analysts forecast that Marriott International, Inc. will post 10.1 EPS for the current year.

Marriott International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, May 23rd will be given a $0.67 dividend. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $2.68 annualized dividend and a dividend yield of 0.98%. This is a positive change from Marriott International’s previous quarterly dividend of $0.63. Marriott International’s payout ratio is 30.52%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Truist Financial dropped their price target on shares of Marriott International from $308.00 to $300.00 and set a “hold” rating on the stock in a research report on Friday, March 21st. Evercore ISI raised Marriott International from an “in-line” rating to an “outperform” rating and set a $330.00 target price on the stock in a research report on Tuesday, February 4th. BMO Capital Markets upped their price target on Marriott International from $250.00 to $265.00 and gave the stock a “market perform” rating in a report on Wednesday, May 7th. Wells Fargo & Company cut their price objective on shares of Marriott International from $285.00 to $277.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 18th. Finally, Barclays lowered their target price on shares of Marriott International from $283.00 to $236.00 and set an “equal weight” rating for the company in a report on Tuesday, April 22nd. Thirteen analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Marriott International presently has a consensus rating of “Moderate Buy” and a consensus target price of $276.60.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Hopwood Financial Services Inc. purchased a new position in shares of Marriott International in the fourth quarter valued at $25,000. Bernard Wealth Management Corp. bought a new position in Marriott International in the 4th quarter worth about $25,000. Bell Investment Advisors Inc increased its position in shares of Marriott International by 112.2% during the fourth quarter. Bell Investment Advisors Inc now owns 104 shares of the company’s stock valued at $29,000 after buying an additional 55 shares during the period. Sound Income Strategies LLC lifted its holdings in shares of Marriott International by 494.4% in the fourth quarter. Sound Income Strategies LLC now owns 107 shares of the company’s stock worth $30,000 after buying an additional 89 shares in the last quarter. Finally, Morse Asset Management Inc purchased a new position in Marriott International during the first quarter valued at approximately $30,000. 70.70% of the stock is currently owned by hedge funds and other institutional investors.

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.