Marriott International, Inc. (NASDAQ:MAR) EVP Rena Hozore Reiss Sells 3,500 Shares of Stock

Marriott International, Inc. (NASDAQ:MAR) EVP Rena Hozore Reiss sold 3,500 shares of the stock in a transaction on Friday, February 21st. The shares were sold at an average price of $286.65, for a total transaction of $1,003,275.00. Following the sale, the executive vice president now directly owns 24,733 shares of the company’s stock, valued at $7,089,714.45. The trade was a 12.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Marriott International Price Performance

Shares of Marriott International stock opened at $276.76 on Tuesday. The stock has a market cap of $76.30 billion, a price-to-earnings ratio of 33.26, a PEG ratio of 3.42 and a beta of 1.57. Marriott International, Inc. has a 1 year low of $204.55 and a 1 year high of $307.52. The firm’s 50-day moving average is $283.46 and its 200 day moving average is $265.88.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings results on Tuesday, February 11th. The company reported $2.45 EPS for the quarter, beating analysts’ consensus estimates 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 expect that Marriott International, Inc. will post 10.1 EPS for the current fiscal year.

Marriott International Announces Dividend

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

Analyst Ratings Changes

MAR has been the subject of several research analyst reports. UBS Group increased their price objective on Marriott International from $294.00 to $301.00 and gave the stock a “neutral” rating in a report on Wednesday, February 12th. Mizuho lifted their price target on shares of Marriott International from $246.00 to $293.00 and gave the company a “neutral” rating in a report on Wednesday, February 12th. TD Cowen decreased their price objective on shares of Marriott International from $295.00 to $283.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. BMO Capital Markets lifted their target price on shares of Marriott International from $255.00 to $265.00 and gave the company a “market perform” rating in a research note on Tuesday, November 5th. Finally, The Goldman Sachs Group increased their price target on shares of Marriott International from $280.00 to $314.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Thirteen analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Marriott International currently has an average rating of “Hold” and an average target price of $284.05.

Institutional Investors Weigh In On Marriott International

Several large investors have recently bought and sold shares of MAR. Hopwood Financial Services Inc. purchased a new stake in shares of Marriott International during the 4th quarter valued at about $25,000. Bernard Wealth Management Corp. purchased a new stake in Marriott International in the fourth quarter worth approximately $25,000. Bell Investment Advisors Inc grew its position in Marriott International by 112.2% in the 4th quarter. Bell Investment Advisors Inc now owns 104 shares of the company’s stock worth $29,000 after purchasing an additional 55 shares during the period. Sound Income Strategies LLC lifted its holdings in shares of Marriott International by 494.4% during the 4th quarter. Sound Income Strategies LLC now owns 107 shares of the company’s stock valued at $30,000 after buying an additional 89 shares during the period. Finally, Wingate Wealth Advisors Inc. purchased a new position in shares of Marriott International in the 4th quarter worth $33,000. 70.70% of the stock is currently owned by institutional investors.

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.