Marriott International, Inc. (NASDAQ:MAR) CFO Sells $673,567.60 in Stock

Marriott International, Inc. (NASDAQ:MAR) CFO Kathleen K. Oberg sold 2,360 shares of Marriott International stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $285.41, for a total transaction of $673,567.60. Following the sale, the chief financial officer now owns 39,726 shares of the company’s stock, valued at approximately $11,338,197.66. This represents a 5.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Marriott International Trading Down 1.1 %

Shares of NASDAQ:MAR opened at $278.78 on Friday. The company has a market capitalization of $77.47 billion, a PE ratio of 29.16, a P/E/G ratio of 5.63 and a beta of 1.58. Marriott International, Inc. has a twelve month low of $200.94 and a twelve month high of $289.04. The firm has a 50 day simple moving average of $255.57 and a 200-day simple moving average of $241.46.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings data on Monday, November 4th. The company reported $2.26 earnings per share for the quarter, missing the consensus estimate of $2.31 by ($0.05). The company had revenue of $6.26 billion for the quarter, compared to analysts’ expectations of $6.27 billion. Marriott International had a negative return on equity of 177.91% and a net margin of 11.18%. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.11 EPS. As a group, equities research analysts predict that Marriott International, Inc. will post 9.26 EPS for the current fiscal year.

Marriott International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Thursday, November 21st will be given a $0.63 dividend. The ex-dividend date is Thursday, November 21st. This represents a $2.52 annualized dividend and a yield of 0.90%. Marriott International’s dividend payout ratio (DPR) is 26.36%.

Wall Street Analyst Weigh In

MAR has been the subject of a number of recent analyst reports. BMO Capital Markets lifted their price target on shares of Marriott International from $255.00 to $265.00 and gave the company a “market perform” rating in a research report on Tuesday, November 5th. Evercore ISI lifted their price objective on shares of Marriott International from $245.00 to $270.00 and gave the company an “in-line” rating in a report on Monday, October 21st. Bank of America lifted their price objective on shares of Marriott International from $275.00 to $300.00 and gave the company a “buy” rating in a report on Monday, October 21st. UBS Group dropped their price objective on shares of Marriott International from $267.00 to $244.00 and set a “neutral” rating for the company in a report on Tuesday, August 13th. Finally, Macquarie restated a “neutral” rating and issued a $245.00 price objective on shares of Marriott International in a report on Tuesday, November 5th. Thirteen equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $259.00.

Institutional Trading of Marriott International

Several institutional investors and hedge funds have recently bought and sold shares of the business. Conway Capital Management Inc. purchased a new stake in Marriott International in the 3rd quarter valued at $311,000. Nomura Asset Management Co. Ltd. raised its position in Marriott International by 1.5% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 173,474 shares of the company’s stock worth $43,126,000 after buying an additional 2,569 shares during the last quarter. MML Investors Services LLC raised its position in Marriott International by 1.8% during the 3rd quarter. MML Investors Services LLC now owns 19,570 shares of the company’s stock worth $4,865,000 after buying an additional 351 shares during the last quarter. Northeast Financial Consultants Inc purchased a new position in Marriott International during the 3rd quarter worth $204,000. Finally, Orion Portfolio Solutions LLC raised its position in Marriott International by 5.4% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 42,364 shares of the company’s stock worth $10,532,000 after buying an additional 2,163 shares during the last quarter. Hedge funds and other institutional investors own 70.70% of the company’s stock.

Marriott International Company Profile

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.