Insider Selling: Marriott International, Inc. (NASDAQ:MAR) CFO Sells 2,360 Shares of Stock

Marriott International, Inc. (NASDAQ:MAR) CFO Kathleen K. Oberg sold 2,360 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $285.41, for a total value of $673,567.60. Following the completion of the transaction, the chief financial officer now owns 39,726 shares in the company, valued at approximately $11,338,197.66. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Marriott International Stock Performance

MAR traded up $0.45 during mid-day trading on Wednesday, reaching $286.47. The stock had a trading volume of 1,274,018 shares, compared to its average volume of 1,473,546. The firm’s fifty day simple moving average is $253.37 and its two-hundred day simple moving average is $240.86. The stock has a market capitalization of $79.61 billion, a P/E ratio of 29.97, a P/E/G ratio of 5.63 and a beta of 1.58. Marriott International, Inc. has a 52 week low of $199.98 and a 52 week high of $289.04.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings data on Monday, November 4th. The company reported $2.26 earnings per share for the quarter, missing the consensus estimate of $2.31 by ($0.05). Marriott International had a net margin of 11.18% and a negative return on equity of 177.91%. The company had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $6.27 billion. During the same quarter in the previous year, the business earned $2.11 EPS. Marriott International’s revenue was up 5.5% on a year-over-year basis. As a group, analysts expect that Marriott International, Inc. will post 9.26 EPS for the current fiscal year.

Marriott International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Thursday, November 21st will be given a dividend of $0.63 per share. The ex-dividend date is Thursday, November 21st. This represents a $2.52 annualized dividend and a yield of 0.88%. Marriott International’s dividend payout ratio is currently 26.36%.

Institutional Trading of Marriott International

Several institutional investors have recently modified their holdings of the business. Larson Financial Group LLC grew its position in Marriott International by 10.8% in the 3rd quarter. Larson Financial Group LLC now owns 379 shares of the company’s stock worth $94,000 after purchasing an additional 37 shares in the last quarter. Harbor Capital Advisors Inc. boosted its holdings in Marriott International by 0.4% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 8,698 shares of the company’s stock worth $2,162,000 after buying an additional 38 shares during the period. Haverford Trust Co boosted its holdings in Marriott International by 1.0% in the 3rd quarter. Haverford Trust Co now owns 4,207 shares of the company’s stock worth $1,046,000 after buying an additional 40 shares during the period. Rockland Trust Co. lifted its stake in Marriott International by 2.3% in the 2nd quarter. Rockland Trust Co. now owns 1,802 shares of the company’s stock worth $436,000 after purchasing an additional 41 shares in the last quarter. Finally, Park Avenue Securities LLC lifted its stake in Marriott International by 1.4% in the 2nd quarter. Park Avenue Securities LLC now owns 3,298 shares of the company’s stock worth $797,000 after purchasing an additional 46 shares in the last quarter. Institutional investors own 70.70% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on MAR. Mizuho lifted their target price on Marriott International from $233.00 to $246.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Robert W. Baird boosted their price target on Marriott International from $258.00 to $264.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Evercore ISI upped their price target on Marriott International from $245.00 to $270.00 and gave the stock an “in-line” rating in a research report on Monday, October 21st. Deutsche Bank Aktiengesellschaft cut their price target on shares of Marriott International from $222.00 to $216.00 and set a “hold” rating on the stock in a report on Thursday, August 1st. Finally, Barclays upped their price objective on Marriott International from $240.00 to $249.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 5th. Thirteen research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $259.00.

About Marriott International

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.