Marriott International Inc (NASDAQ:MAR) Director Bruce W. Duncan sold 3,376 shares of the company’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $132.16, for a total transaction of $446,172.16. Following the completion of the transaction, the director now owns 14,600 shares of the company’s stock, valued at approximately $1,929,536. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
Shares of NASDAQ:MAR traded up $0.38 during trading on Thursday, reaching $127.23. The company had a trading volume of 12,268 shares, compared to its average volume of 1,791,531. The business’s fifty day moving average is $138.14. The firm has a market cap of $42.82 billion, a price-to-earnings ratio of 20.53, a PEG ratio of 2.91 and a beta of 1.27. Marriott International Inc has a twelve month low of $100.62 and a twelve month high of $144.24. The company has a debt-to-equity ratio of 8.93, a current ratio of 0.51 and a quick ratio of 0.51.
Marriott International (NASDAQ:MAR) last issued its quarterly earnings results on Monday, August 5th. The company reported $1.56 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.56. The company had revenue of $5.31 billion during the quarter, compared to analyst estimates of $5.50 billion. Marriott International had a net margin of 6.81% and a return on equity of 113.75%. The business’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same period in the prior year, the business posted $1.73 EPS. On average, research analysts forecast that Marriott International Inc will post 6.03 EPS for the current year.
Several large investors have recently modified their holdings of MAR. Nuveen Asset Management LLC lifted its stake in Marriott International by 14,728.1% during the second quarter. Nuveen Asset Management LLC now owns 1,128,865 shares of the company’s stock valued at $158,369,000 after purchasing an additional 1,121,252 shares during the last quarter. Vanguard Group Inc. lifted its stake in Marriott International by 5.0% during the second quarter. Vanguard Group Inc. now owns 20,967,637 shares of the company’s stock valued at $2,941,550,000 after purchasing an additional 1,000,762 shares during the last quarter. USS Investment Management Ltd acquired a new stake in Marriott International during the second quarter valued at approximately $135,135,000. Geode Capital Management LLC lifted its stake in Marriott International by 13.4% during the fourth 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 during the last quarter. Finally, Point72 Asset Management L.P. acquired a new stake in Marriott International during the second quarter valued at approximately $62,173,000. 62.66% of the stock is owned by institutional investors.
Several research analysts have commented on MAR shares. Wells Fargo & Co upped their target price on shares of Marriott International from $123.00 to $141.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 24th. Deutsche Bank restated a “hold” rating and issued a $123.00 target price on shares of Marriott International in a research report on Wednesday, August 7th. BidaskClub cut shares of Marriott International from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 26th. Longbow Research cut shares of Marriott International from a “buy” rating to a “neutral” rating in a research report on Monday, July 15th. Finally, Citigroup upped their target price on shares of Marriott International from $117.00 to $135.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 21st. Eleven research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $136.93.
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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