Edward A. Ryan Sells 4,453 Shares of Marriott International (MAR) Stock
Marriott International (NASDAQ:MAR) EVP Edward A. Ryan sold 4,453 shares of the firm’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $103.81, for a total transaction of $462,265.93. Following the completion of the sale, the executive vice president now directly owns 80,406 shares in the company, valued at approximately $8,346,946.86. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Marriott International (MAR) opened at 101.80 on Thursday. Marriott International has a 12 month low of $65.91 and a 12 month high of $110.51. The stock has a market capitalization of $37.91 billion, a PE ratio of 33.41 and a beta of 1.36. The company’s 50-day moving average is $102.01 and its 200-day moving average is $98.32.
Marriott International (NASDAQ:MAR) last released its quarterly earnings results on Monday, August 7th. The company reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.11. Marriott International had a net margin of 5.27% and a return on equity of 26.26%. The business had revenue of $5.80 billion for the quarter, compared to analysts’ expectations of $5.73 billion. During the same period last year, the business earned $1.03 EPS. The company’s revenue was up 48.5% compared to the same quarter last year. Equities research analysts forecast that Marriott International will post $4.13 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Thursday, August 24th will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date of this dividend is Tuesday, August 22nd. Marriott International’s dividend payout ratio is currently 45.52%.
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Several large investors have recently added to or reduced their stakes in MAR. Canada Pension Plan Investment Board boosted its holdings in shares of Marriott International by 69,461.1% in the 1st quarter. Canada Pension Plan Investment Board now owns 37,563 shares of the company’s stock valued at $3,538,000 after buying an additional 37,509 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its holdings in shares of Marriott International by 2.5% in the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 58,347 shares of the company’s stock valued at $5,495,000 after buying an additional 1,400 shares in the last quarter. Kornitzer Capital Management Inc. KS boosted its holdings in shares of Marriott International by 0.8% in the 1st quarter. Kornitzer Capital Management Inc. KS now owns 18,802 shares of the company’s stock valued at $1,771,000 after buying an additional 150 shares in the last quarter. Geneva Advisors LLC boosted its holdings in shares of Marriott International by 1.3% in the 1st quarter. Geneva Advisors LLC now owns 2,893 shares of the company’s stock valued at $272,000 after buying an additional 38 shares in the last quarter. Finally, Great West Life Assurance Co. Can boosted its holdings in shares of Marriott International by 4.4% in the 1st quarter. Great West Life Assurance Co. Can now owns 285,892 shares of the company’s stock valued at $26,901,000 after buying an additional 12,138 shares in the last quarter. Institutional investors and hedge funds own 65.93% of the company’s stock.
MAR has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of Marriott International from a “sell” rating to a “hold” rating in a report on Wednesday, August 9th. J P Morgan Chase & Co reissued an “overweight” rating and issued a $111.00 price target on shares of Marriott International in a report on Friday, May 12th. Barclays PLC reissued a “hold” rating and issued a $105.00 price target on shares of Marriott International in a report on Friday, May 12th. BidaskClub raised shares of Marriott International from a “hold” rating to a “buy” rating in a report on Monday, July 24th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $109.00 price target (up previously from $92.00) on shares of Marriott International in a report on Monday, June 12th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the company’s stock. Marriott International currently has an average rating of “Buy” and an average target price of $100.08.
Marriott International Company Profile
Marriott International, Inc (Marriott International) is a lodging company. Marriott International operates in three business segments: North American Full-Service, North American Limited-Service and International. Its North American Full-Service segment includes its Luxury and Premium brands (JW Marriott, Marriott Hotels, Sheraton, Westin, Renaissance Hotels, Le Meridien, Autograph Collection Hotels, Delta Hotels, Gaylord Hotels, and Tribute Portfolio) located in the United States and Canada.
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