Marriott International (NASDAQ:MAR) EVP Edward A. Ryan sold 6,550 shares of the stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $120.40, for a total transaction of $788,620.00. Following the completion of the transaction, the executive vice president now directly owns 67,856 shares in the company, valued at $8,169,862.40. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Marriott International (MAR) traded up $2.34 during midday trading on Tuesday, hitting $122.73. 1,097,706 shares of the company traded hands, compared to its average volume of 2,456,233. 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 firm has a market cap of $43,789.86, a price-to-earnings ratio of 29.37, a price-to-earnings-growth ratio of 3.00 and a beta of 1.34. Marriott International has a twelve month low of $73.46 and a twelve month high of $124.34.
Marriott International (NASDAQ:MAR) last posted its quarterly earnings results on Tuesday, November 7th. The company reported $1.10 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.98 by $0.12. The business had revenue of $5.66 billion for the quarter, compared to analyst estimates of $5.22 billion. Marriott International had a net margin of 6.30% and a return on equity of 31.58%. The firm’s revenue for the quarter was up 43.7% on a year-over-year basis. During the same quarter last year, the business posted $0.91 EPS. equities research analysts predict that Marriott International will post 4.24 earnings per share for the current year.
Marriott International announced that its Board of Directors has authorized a share repurchase plan on Thursday, November 9th that authorizes the company to repurchase 30,000,000 outstanding shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Wednesday, November 22nd will be given a $0.33 dividend. The ex-dividend date of this dividend is Tuesday, November 21st. This represents a $1.32 dividend on an annualized basis and a yield of 1.08%. Marriott International’s dividend payout ratio is currently 35.87%.
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MAR has been the topic of several research 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. BidaskClub raised shares of Marriott International from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 12th. Robert W. Baird set a $103.00 price target on shares of Marriott International and gave the company a “hold” rating in a report on Tuesday, October 17th. UBS AG reissued a “neutral” rating and issued a $101.00 price target (up from $98.00) on shares of Marriott International in a report on Monday, August 14th. Finally, Royal Bank Of Canada reissued a “buy” rating on shares of Marriott International in a report on Tuesday, November 7th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have given a buy rating to the stock. Marriott International has an average rating of “Buy” and an average target price of $106.64.
A number of institutional investors have recently modified their holdings of MAR. Advisory Services Network LLC boosted its position in Marriott International by 1,490.1% in the second quarter. Advisory Services Network LLC now owns 1,129 shares of the company’s stock valued at $113,000 after buying an additional 1,058 shares in the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in Marriott International in the first quarter valued at approximately $115,000. Baker Ellis Asset Management LLC acquired a new stake in Marriott International in the second quarter valued at approximately $133,000. First Quadrant L P CA acquired a new stake in Marriott International in the third quarter valued at approximately $136,000. Finally, Grove Bank & Trust boosted its position in Marriott International by 214.8% in the third quarter. Grove Bank & Trust now owns 1,231 shares of the company’s stock valued at $136,000 after buying an additional 840 shares in the last quarter. Hedge funds and other institutional investors own 65.88% of the company’s stock.
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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