Marriott International (NASDAQ:MAR) insider Argiris Kyriakidis sold 4,605 shares of Marriott International stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $126.33, for a total value of $581,749.65. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
Argiris Kyriakidis also recently made the following trade(s):
- On Wednesday, November 15th, Argiris Kyriakidis sold 2,500 shares of Marriott International stock. The shares were sold at an average price of $121.55, for a total value of $303,875.00.
- On Thursday, September 21st, Argiris Kyriakidis sold 3,000 shares of Marriott International stock. The shares were sold at an average price of $107.84, for a total value of $323,520.00.
Shares of Marriott International (MAR) traded down $1.23 during mid-day trading on Thursday, reaching $126.39. The company had a trading volume of 2,323,900 shares, compared to its average volume of 2,473,422. The stock has a market cap of $46,527.87, a PE ratio of 31.20, a PEG ratio of 3.19 and a beta of 1.34. Marriott International has a 52 week low of $77.03 and a 52 week high of $128.37. The company has a debt-to-equity ratio of 1.83, a current ratio of 0.52 and a quick ratio of 0.52.
Marriott International (NASDAQ:MAR) last issued its earnings results on Tuesday, November 7th. The company reported $1.10 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.12. The company had revenue of $5.66 billion during the quarter, compared to analysts’ expectations of $5.22 billion. Marriott International had a return on equity of 31.58% and a net margin of 6.30%. Marriott International’s quarterly revenue was up 43.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.91 EPS. research analysts anticipate that Marriott International will post 4.24 EPS for the current fiscal year.
Marriott International announced that its board has authorized a stock repurchase program on Thursday, November 9th that allows the company to repurchase 30,000,000 shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Wednesday, November 22nd will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 1.04%. The ex-dividend date of this dividend is Tuesday, November 21st. Marriott International’s dividend payout ratio is presently 35.87%.
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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MAR. FMR LLC lifted its holdings in Marriott International by 32.5% in the 2nd quarter. FMR LLC now owns 15,406,182 shares of the company’s stock worth $1,545,394,000 after buying an additional 3,780,639 shares during the period. Capital Research Global Investors lifted its holdings in Marriott International by 7.2% in the 2nd quarter. Capital Research Global Investors now owns 12,763,000 shares of the company’s stock worth $1,280,257,000 after buying an additional 862,710 shares during the period. Janus Henderson Group PLC lifted its holdings in Marriott International by 1,881.3% in the 2nd quarter. Janus Henderson Group PLC now owns 887,490 shares of the company’s stock worth $89,025,000 after buying an additional 842,696 shares during the period. Koch Industries Inc. purchased a new stake in Marriott International in the 2nd quarter worth approximately $629,000. Finally, Los Angeles Capital Management & Equity Research Inc. lifted its holdings in Marriott International by 385.9% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 707,256 shares of the company’s stock worth $70,945,000 after buying an additional 561,707 shares during the period. Institutional investors and hedge funds own 67.30% of the company’s stock.
A number of research firms recently commented on MAR. Robert W. Baird lifted their price objective on Marriott International from $101.00 to $103.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 8th. BidaskClub cut Marriott International from a “strong-buy” rating to a “buy” rating in a research report on Monday, August 14th. UBS Group AG reaffirmed a “neutral” rating and set a $101.00 price target (up previously from $98.00) on shares of Marriott International in a research report on Monday, August 14th. Morgan Stanley upped their price target on Marriott International from $110.00 to $112.00 and gave the company an “overweight” rating in a research report on Thursday, November 9th. Finally, Stifel Nicolaus upped their price target on Marriott International from $95.00 to $98.00 and gave the company a “hold” rating in a research report on Tuesday, August 8th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $108.62.
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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