Marriott International (MAR) Insider Argiris Kyriakidis Sells 2,500 Shares of Stock
Marriott International (NASDAQ:MAR) insider Argiris Kyriakidis sold 2,500 shares of the stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $121.55, for a total value of $303,875.00. Following the transaction, the insider now owns 13,579 shares of the company’s stock, valued at approximately $1,650,527.45. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Argiris Kyriakidis also recently made the following trade(s):
- On Thursday, September 21st, Argiris Kyriakidis sold 3,000 shares of Marriott International stock. The stock was sold at an average price of $107.84, for a total value of $323,520.00.
Shares of Marriott International (NASDAQ:MAR) traded up $1.10 during trading on Friday, hitting $125.48. The stock had a trading volume of 4,660,674 shares, compared to its average volume of 2,471,990. The company has a debt-to-equity ratio of 1.83, a current ratio of 0.52 and a quick ratio of 0.52. The company has a market cap of $45,350.00, a price-to-earnings ratio of 30.09, a PEG ratio of 3.08 and a beta of 1.34. Marriott International has a 12-month low of $76.88 and a 12-month high of $125.64.
Marriott International (NASDAQ:MAR) last announced its quarterly earnings data on Tuesday, November 7th. The company reported $1.10 EPS for the quarter, beating the consensus estimate of $0.98 by $0.12. The firm had revenue of $5.66 billion for the quarter, compared to analyst estimates of $5.22 billion. Marriott International had a return on equity of 31.58% and a net margin of 6.30%. The company’s revenue was up 43.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.91 EPS. analysts expect that Marriott International will post 4.24 EPS for the current year.
Marriott International declared that its board has initiated a stock repurchase program on Thursday, November 9th that authorizes the company to buyback 30,000,000 outstanding shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Wednesday, November 22nd will be given a dividend of $0.33 per share. The ex-dividend date is Tuesday, November 21st. This represents a $1.32 annualized dividend and a dividend yield of 1.05%. Marriott International’s dividend payout ratio (DPR) is presently 35.87%.
A number of analysts recently issued reports on the company. Sanford C. Bernstein cut Marriott International from an “outperform” rating to a “market perform” rating in a report on Thursday. Royal Bank Of Canada reissued a “buy” rating on shares of Marriott International in a report on Tuesday, November 7th. Stifel Nicolaus reissued a “hold” rating and set a $115.00 price objective (up previously from $98.00) on shares of Marriott International in a report on Wednesday, November 8th. SunTrust Banks, Inc. increased their price objective on Marriott International to $108.00 and gave the stock a “hold” rating in a report on Thursday, November 9th. Finally, Robert W. Baird increased their price objective on Marriott International from $111.00 to $115.00 and gave the stock a “neutral” rating in a report on Friday, November 10th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $106.64.
Institutional investors and hedge funds have recently bought and sold shares of the stock. AHL Partners LLP grew its position in Marriott International by 230.4% during the 2nd quarter. AHL Partners LLP now owns 19,615 shares of the company’s stock worth $1,967,000 after acquiring an additional 13,679 shares during the last quarter. Numeric Investors LLC bought a new stake in shares of Marriott International in the 2nd quarter worth approximately $772,000. Wells Fargo & Company MN grew its position in shares of Marriott International by 28.0% in the 2nd quarter. Wells Fargo & Company MN now owns 1,259,396 shares of the company’s stock worth $126,329,000 after buying an additional 275,382 shares during the last quarter. Andra AP fonden grew its position in shares of Marriott International by 82.4% in the 2nd quarter. Andra AP fonden now owns 24,800 shares of the company’s stock worth $2,488,000 after buying an additional 11,200 shares during the last quarter. Finally, Airain ltd bought a new stake in shares of Marriott International in the 2nd quarter worth approximately $13,601,000. Institutional investors and hedge funds own 65.88% of the company’s stock.
About Marriott International
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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