Marriott International (NASDAQ:MAR) CAO Felitia Lee Sells 736 Shares of Stock

Marriott International, Inc. (NASDAQ:MAR) CAO Felitia Lee sold 736 shares of the company’s stock in a transaction that occurred on Tuesday, November 10th. The stock was sold at an average price of $425.85, for a total transaction of $313,425.60. Following the completion of the transaction, the chief accounting officer owned 5,634 shares of the company’s stock, valued at approximately $2,399,238.90. The trade was a 11.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Marriott International Price Performance

Shares of NASDAQ MAR opened at $424.66 on Friday. The stock has a market cap of $109.35 billion, a PE ratio of 42.38, a price-to-earnings-growth ratio of 3.08 and a beta of 1.15. Marriott International, Inc. has a 1 year low of $280.99 and a 1 year high of $433.30. The firm has a fifty day moving average price of $373.06 and a 200-day moving average price of $360.25.

Marriott International (NASDAQ:MAR) last released its earnings results on Monday, November 2nd. The company reported $3.02 earnings per share for the quarter, beating analysts’ consensus estimates of $2.84 by $0.18. The company had revenue of $7 billion for the quarter, compared to analysts’ expectations of $6.93 billion. Marriott International had a net margin of 9.68% and a negative return on equity of 69.94%. Marriott International’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.47 EPS. On average, research analysts expect that Marriott International, Inc. will post 12.10 EPS for the current year.

Marriott International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Thursday, November 19th will be given a $0.73 dividend. This represents a $2.92 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Thursday, November 19th. Marriott International’s payout ratio is presently 29.14%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on MAR shares. Wells Fargo & Company increased their target price on Marriott International from $426.00 to $463.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 3rd. Barclays upped their price target on Marriott International from $363.00 to $409.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 3rd. CICC Research initiated coverage on shares of Marriott International in a report on Wednesday, August 12th. They set an “outperform” rating and a $410.00 price objective for the company. Truist Financial lifted their price objective on shares of Marriott International from $356.00 to $360.00 and gave the company a “hold” rating in a research report on Thursday, September 10th. Finally, Morgan Stanley boosted their target price on shares of Marriott International from $384.00 to $403.00 and gave the stock an “overweight” rating in a report on Thursday, October 22nd. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $399.04.

Institutional Investors Weigh In On Marriott International

A number of hedge funds have recently made changes to their positions in MAR. State Street Corp boosted its stake in Marriott International by 2.9% during the second quarter. State Street Corp now owns 9,644,773 shares of the company’s stock valued at $3,574,256,000 after buying an additional 272,044 shares during the last quarter. Jupiter Topco LLC bought a new stake in Marriott International in the 2nd quarter worth approximately $81,872,000. William Blair Investment Management LLC raised its holdings in shares of Marriott International by 255.5% during the 2nd quarter. William Blair Investment Management LLC now owns 300,872 shares of the company’s stock worth $111,500,000 after acquiring an additional 216,241 shares in the last quarter. Danske Bank A S raised its holdings in shares of Marriott International by 170.4% during the 2nd quarter. Danske Bank A S now owns 326,743 shares of the company’s stock worth $121,088,000 after acquiring an additional 205,886 shares in the last quarter. Finally, Aberdeen Group plc boosted its position in shares of Marriott International by 112.9% during the 3rd quarter. Aberdeen Group plc now owns 361,748 shares of the company’s stock valued at $128,663,000 after acquiring an additional 191,811 shares during the last quarter. 70.70% of the stock is currently owned by hedge funds and other institutional investors.

About Marriott International

Marriott International is a global lodging company that manages, franchises, and licenses hotels, resorts, and other accommodations. Its portfolio spans luxury, premium, select-service, and extended-stay brands, including The Ritz-Carlton, St. Regis, W Hotels, Marriott, Sheraton, Courtyard, Residence Inn, and Moxy. The company traces its origins to a root beer stand opened by J. Willard and Alice Marriott in Washington, D.C., in 1927. It entered the lodging business in the 1950s and is headquartered in Bethesda, Maryland.