Insider Selling: Marriott International, Inc. (NASDAQ:MAR) Insider Sells 12,642 Shares of Stock

Marriott International, Inc. (NASDAQ:MAR) insider William P. Brown sold 12,642 shares of Marriott International stock in a transaction on Friday, February 21st. The stock was sold at an average price of $285.63, for a total transaction of $3,610,934.46. Following the completion of the transaction, the insider now owns 30,919 shares in the company, valued at approximately $8,831,393.97. The trade was a 29.02 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Marriott International Price Performance

NASDAQ:MAR traded up $0.70 during mid-day trading on Tuesday, hitting $277.46. 1,807,564 shares of the company’s stock were exchanged, compared to its average volume of 1,588,052. Marriott International, Inc. has a one year low of $204.55 and a one year high of $307.52. The business has a fifty day moving average price of $283.46 and a 200 day moving average price of $265.88. The company has a market cap of $76.49 billion, a PE ratio of 33.35, a P/E/G ratio of 3.42 and a beta of 1.57.

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

Marriott International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, February 27th will be paid a $0.63 dividend. The ex-dividend date of this dividend is Thursday, February 27th. This represents a $2.52 annualized dividend and a dividend yield of 0.91%. Marriott International’s dividend payout ratio is presently 30.29%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. FMR LLC lifted its stake in shares of Marriott International by 0.8% in the fourth quarter. FMR LLC now owns 6,973,897 shares of the company’s stock worth $1,945,299,000 after buying an additional 56,978 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Marriott International by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 5,026,529 shares of the company’s stock worth $1,398,321,000 after buying an additional 60,458 shares in the last quarter. Capital International Investors lifted its stake in shares of Marriott International by 0.3% in the fourth quarter. Capital International Investors now owns 4,720,306 shares of the company’s stock worth $1,316,682,000 after buying an additional 15,923 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of Marriott International by 50.8% during the fourth quarter. Wellington Management Group LLP now owns 4,661,101 shares of the company’s stock valued at $1,300,168,000 after purchasing an additional 1,570,144 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in shares of Marriott International by 17.4% during the fourth quarter. Invesco Ltd. now owns 3,469,070 shares of the company’s stock valued at $967,662,000 after purchasing an additional 512,963 shares during the last quarter. Institutional investors own 70.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on MAR shares. Argus lifted their target price on shares of Marriott International from $300.00 to $330.00 and gave the stock a “buy” rating in a research report on Thursday, January 16th. UBS Group boosted their price objective on shares of Marriott International from $294.00 to $301.00 and gave the company a “neutral” rating in a research report on Wednesday, February 12th. Sanford C. Bernstein boosted their price objective on shares of Marriott International from $262.00 to $290.00 and gave the company an “outperform” rating in a research report on Tuesday, November 5th. Macquarie restated a “neutral” rating and issued a $245.00 price objective on shares of Marriott International in a research report on Tuesday, November 5th. Finally, Jefferies Financial Group boosted their price objective on shares of Marriott International from $251.00 to $295.00 and gave the company a “hold” rating in a research report on Thursday, January 2nd. Thirteen analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Marriott International has a consensus rating of “Hold” and an average target price of $284.05.

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.