Marriott International, Inc. (NASDAQ:MAR) Insider William P. Brown Sells 1,707 Shares of Stock

Marriott International, Inc. (NASDAQ:MAR) insider William P. Brown sold 1,707 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $284.30, for a total transaction of $485,300.10. Following the transaction, the insider now owns 23,077 shares in the company, valued at $6,560,791.10. The trade was a 6.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

Marriott International Trading Up 1.3 %

NASDAQ:MAR opened at $288.00 on Tuesday. Marriott International, Inc. has a 1 year low of $200.94 and a 1 year high of $289.63. The stock has a 50-day moving average price of $262.99 and a two-hundred day moving average price of $243.80. The stock has a market cap of $80.03 billion, a price-to-earnings ratio of 30.13, a PEG ratio of 5.59 and a beta of 1.58.

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

Marriott International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Thursday, November 21st will be paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date of this dividend is Thursday, November 21st. Marriott International’s payout ratio is presently 26.36%.

Hedge Funds Weigh In On Marriott International

A number of large investors have recently added to or reduced their stakes in MAR. BDF Gestion acquired a new stake in shares of Marriott International in the second quarter valued at approximately $3,013,000. Jensen Investment Management Inc. bought a new stake in Marriott International during the 3rd quarter worth about $793,000. CWM LLC boosted its stake in shares of Marriott International by 518.7% during the 2nd quarter. CWM LLC now owns 47,519 shares of the company’s stock worth $11,489,000 after buying an additional 39,839 shares during the last quarter. BayBridge Capital Group LLC acquired a new stake in shares of Marriott International in the third quarter valued at about $1,254,000. Finally, Kinsale Capital Group Inc. bought a new stake in Marriott International during the third quarter worth about $3,769,000. Institutional investors own 70.70% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Macquarie reaffirmed a “neutral” rating and set a $245.00 price objective on shares of Marriott International in a report on Tuesday, November 5th. Truist Financial decreased their price target on Marriott International from $263.00 to $254.00 and set a “hold” rating on the stock in a report on Tuesday, August 6th. Sanford C. Bernstein boosted their price objective on Marriott International from $262.00 to $290.00 and gave the stock an “outperform” rating in a report on Tuesday, November 5th. Barclays raised their target price on shares of Marriott International from $240.00 to $249.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 5th. Finally, Robert W. Baird boosted their price target on shares of Marriott International from $258.00 to $264.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. Thirteen analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock has an average 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.