Marriott International Inc (NASDAQ:MAR) Director Bruce W. Duncan Sells 3,376 Shares

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.



The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Thursday, August 22nd will be paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date of this dividend is Wednesday, August 21st. Marriott International’s dividend payout ratio is currently 30.92%.

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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