Marriott International (NASDAQ:MAR) Stock: Insider Rena Hozore Reiss Sells 4,969 Shares

Marriott International, Inc. (NASDAQ:MAR – Get Free Report) EVP Rena Reiss sold 4,969 shares of the company’s stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $423.32, for a total value of $2,103,477.08. Following the completion of the transaction, the executive vice president owned 38,953 shares of the company’s stock, valued at $16,489,583.96. This trade represents a 11.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Marriott International Price Performance

NASDAQ MAR opened at $416.47 on Friday. The stock has a market capitalization of $107.24 billion, a price-to-earnings ratio of 41.56, a PEG ratio of 3.07 and a beta of 1.15. Marriott International, Inc. has a one year low of $280.99 and a one year high of $433.30. The business’s fifty day moving average is $366.29 and its 200-day moving average is $358.15.

Marriott International (NASDAQ:MAR – Get Free Report) last issued its quarterly earnings results 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. The company had revenue of $7 billion for the quarter, compared to the consensus estimate of $6.93 billion. Marriott International had a net margin of 9.68% and a negative return on equity of 69.94%. The firm’s quarterly revenue was up 8.0% on a year-over-year basis. During the same period in the previous year, the firm earned $2.47 EPS. Research analysts expect that Marriott International, Inc. will post 12.10 EPS for the current fiscal year.

Marriott International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Thursday, November 19th will be paid a $0.73 dividend. This represents a $2.92 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Thursday, November 19th. Marriott International’s payout ratio is presently 29.14%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in MAR. Cornerstone Advisory LLC lifted its holdings in shares of Marriott International by 5.3% in the third quarter. Cornerstone Advisory LLC now owns 3,139 shares of the company’s stock worth $1,117,000 after buying an additional 159 shares in the last quarter. Condor Capital Management grew its stake in Marriott International by 1.3% during the third quarter. Condor Capital Management now owns 5,481 shares of the company’s stock valued at $1,949,000 after acquiring an additional 73 shares in the last quarter. Arrow Capital Pty Ltd bought a new stake in Marriott International during the 3rd quarter worth approximately $4,802,000. Aberdeen Group plc increased its holdings in Marriott International by 112.9% during the 3rd quarter. Aberdeen Group plc now owns 361,748 shares of the company’s stock worth $128,663,000 after acquiring an additional 191,811 shares during the period. Finally, William Blair Investment Management LLC lifted its stake in Marriott International by 14.6% in the 3rd quarter. William Blair Investment Management LLC now owns 344,925 shares of the company’s stock worth $122,679,000 after purchasing an additional 44,053 shares in the last quarter. Hedge funds and other institutional investors own 70.70% of the company’s stock.

Key Stories Impacting Marriott International

Here are the key news stories impacting Marriott International this week:

  • Positive Sentiment: Marriott declared a quarterly cash dividend of $0.73 per share, payable December 31 to shareholders of record November 19. The annualized dividend is $2.92, a modest income-return component for investors. Marriott dividend announcement
  • Positive Sentiment: Recent quarterly results beat analyst estimates for earnings and revenue; a MarketBeat review noted that fee growth outpaced room revenue, supporting the view that Marriott’s performance is not solely dependent on travel demand. Marriott earnings analysis
  • Positive Sentiment: Marriott is entering Laos with a Luxury Collection property, extending its international brand presence and potential fee-generating hotel network. Marriott debuts in Laos
  • Positive Sentiment: Recent headlines point to bullish views from Robert W. Baird, Barclays and Goldman Sachs, while Zacks characterized MAR as a strong momentum stock. These indicate favorable analyst and trend sentiment, though the provided reports give no price targets or detailed rationale. Baird view Barclays view Goldman Sachs view Zacks momentum article
  • Negative Sentiment: CEO Anthony Capuano sold 63,355 shares for about $26.6 million, reducing his direct stake by 55.47%. EVPs Rena Reiss and Benjamin Breland also sold shares. Multiple insider sales can raise investor concern, although the filings alone do not establish the executives’ reasons. CEO SEC filing Rena Reiss SEC filing Benjamin Breland SEC filing
  • Negative Sentiment: Freedom Broker downgraded Marriott from “strong buy” to “hold,” tempering the otherwise positive analyst headlines. Freedom Broker ratings

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on MAR shares. Weiss Ratings reissued a “buy (b)” rating on shares of Marriott International in a research report on Wednesday. Erste Group Bank began coverage on Marriott International in a research note on Thursday, August 27th. They issued a “buy” rating on the stock. Argus reduced their price objective on Marriott International from $445.00 to $425.00 and set a “buy” rating for the company in a report on Friday, August 14th. Citigroup raised their target price on Marriott International from $365.00 to $450.00 and gave the stock a “neutral” rating in a research report on Friday. Finally, China Intl Cap raised Marriott International to a “strong-buy” rating in a research report on Wednesday, August 12th. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Marriott International has a consensus rating of “Moderate Buy” and an average price target of $399.04.

Get Our Latest Stock Analysis on Marriott International

About Marriott International

(Get Free Report)

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, DC, in 1927. It entered the lodging business in the 1950s and is headquartered in Bethesda, Maryland.

Marriott serves travelers in countries and territories around the world and offers the Marriott Bonvoy loyalty program.

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Insider Buying and Selling by Quarter for Marriott International (NASDAQ:MAR)

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