Marriott International, Inc. (NASDAQ:MAR) EVP Sells $1,003,275.00 in Stock

Marriott International, Inc. (NASDAQ:MAR) EVP Rena Hozore Reiss sold 3,500 shares of Marriott International stock in a transaction on Friday, February 21st. The shares were sold at an average price of $286.65, for a total transaction of $1,003,275.00. Following the sale, the executive vice president now directly owns 24,733 shares of the company’s stock, valued at $7,089,714.45. This trade represents a 12.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Marriott International Stock Performance

NASDAQ MAR opened at $282.16 on Thursday. The stock has a market capitalization of $77.79 billion, a PE ratio of 33.91, a P/E/G ratio of 3.42 and a beta of 1.57. The stock has a 50-day simple moving average of $283.31 and a 200 day simple moving average of $266.41. Marriott International, Inc. has a twelve month low of $204.55 and a twelve month high of $307.52.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings data on Tuesday, February 11th. The company reported $2.45 earnings per share for the quarter, beating the consensus estimate of $2.37 by $0.08. Marriott International had a negative return on equity of 116.67% and a net margin of 9.46%. As a group, equities research analysts forecast that Marriott International, Inc. will post 10.1 EPS for the current fiscal year.

Marriott International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, February 27th will be given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date is Thursday, February 27th. Marriott International’s dividend payout ratio is currently 30.29%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Mizuho lifted their price objective on Marriott International from $246.00 to $293.00 and gave the company a “neutral” rating in a research report on Wednesday, February 12th. TD Cowen reduced their price target on Marriott International from $295.00 to $283.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Truist Financial increased their price objective on Marriott International from $277.00 to $308.00 and gave the stock a “hold” rating in a report on Wednesday, February 12th. BMO Capital Markets lifted their target price on shares of Marriott International from $255.00 to $265.00 and gave the company a “market perform” rating in a research note on Tuesday, November 5th. Finally, The Goldman Sachs Group raised their price target on shares of Marriott International from $280.00 to $314.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Thirteen investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Marriott International presently has an average rating of “Hold” and an average target price of $284.05.

Institutional Investors Weigh In On Marriott International

Institutional investors have recently added to or reduced their stakes in the company. Hopwood Financial Services Inc. bought a new stake in shares of Marriott International in the 4th quarter worth approximately $25,000. Bernard Wealth Management Corp. acquired a new position in shares of Marriott International in the fourth quarter valued at $25,000. Bell Investment Advisors Inc lifted its position in Marriott International by 112.2% in the fourth quarter. Bell Investment Advisors Inc now owns 104 shares of the company’s stock worth $29,000 after purchasing an additional 55 shares during the period. Sound Income Strategies LLC increased its holdings in Marriott International by 494.4% in the 4th quarter. Sound Income Strategies LLC now owns 107 shares of the company’s stock valued at $30,000 after buying an additional 89 shares during the period. Finally, Wingate Wealth Advisors Inc. acquired a new position in shares of Marriott International in the 4th quarter valued at $33,000. 70.70% of the stock is owned by institutional investors and hedge funds.

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.