Marriott International (NASDAQ:MAR) Stock: Insider Benjamin Breland Sells 2,408 Shares

Marriott International, Inc. (NASDAQ:MAR) EVP Benjamin Breland sold 2,408 shares of the business’s stock in a transaction on Thursday, November 12th. The shares were sold at an average price of $424.52, for a total transaction of $1,022,244.16. Following the completion of the transaction, the executive vice president directly owned 21,243 shares in the company, valued at $9,018,078.36. This represents a 10.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Marriott International Stock Performance

Marriott International stock traded down $1.50 during trading hours on Friday, reaching $423.16. 1,907,906 shares of the stock were exchanged, compared to its average volume of 1,727,323. Marriott International, Inc. has a 52-week low of $280.99 and a 52-week high of $433.30. The stock has a market cap of $108.96 billion, a P/E ratio of 42.23, a P/E/G ratio of 3.04 and a beta of 1.15. The firm’s 50 day moving average is $374.81 and its 200 day moving average is $360.79.

Marriott International (NASDAQ:MAR) last issued its earnings results on Monday, November 2nd. The company reported $3.02 earnings per share for the quarter, beating the consensus estimate of $2.84 by $0.18. Marriott International had a net margin of 9.68% and a negative return on equity of 69.94%. The business had revenue of $7 billion for the quarter, compared to the consensus estimate of $6.93 billion. During the same quarter in the previous year, the firm earned $2.47 earnings per share. The business’s quarterly revenue was up 8.0% compared to the same quarter last year. Equities research analysts expect that Marriott International, Inc. will post 12.10 EPS for the current fiscal year.

Marriott International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Thursday, November 19th will be given a $0.73 dividend. The ex-dividend date is Thursday, November 19th. This represents a $2.92 dividend on an annualized basis and a yield of 0.7%. Marriott International’s dividend payout ratio (DPR) is presently 29.14%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on MAR. Sanford C. Bernstein reissued an “outperform” rating and set a $445.00 target price on shares of Marriott International in a research note on Wednesday, November 4th. The Goldman Sachs Group lifted their price target on Marriott International from $406.00 to $456.00 and gave the company a “buy” rating in a research note on Tuesday, November 3rd. JPMorgan Chase & Co. upped their price objective on Marriott International from $388.00 to $406.00 and gave the stock a “neutral” rating in a report on Wednesday, October 21st. Barclays increased their price objective on Marriott International from $363.00 to $409.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 3rd. Finally, Robert W. Baird raised their target price on Marriott International from $395.00 to $414.00 and gave the company a “neutral” rating in a report on Tuesday, November 3rd. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $399.04.

Institutional Trading of Marriott International

Large investors have recently bought and sold shares of the company. Evelyn Partners Investment Management Services Ltd purchased a new position in shares of Marriott International in the first quarter valued at $25,000. IMG Wealth Management Inc. raised its stake in shares of Marriott International by 100.0% during the 1st quarter. IMG Wealth Management Inc. now owns 82 shares of the company’s stock worth $27,000 after buying an additional 41 shares during the last quarter. Wilkerson Advisory Group LLC boosted its position in shares of Marriott International by 127.0% in the 1st quarter. Wilkerson Advisory Group LLC now owns 84 shares of the company’s stock worth $27,000 after buying an additional 47 shares in the last quarter. Scarborough Advisors LLC purchased a new stake in shares of Marriott International in the 1st quarter worth about $32,000. Finally, Meeder Asset Management Inc. grew its stake in Marriott International by 57.6% in the 1st quarter. Meeder Asset Management Inc. now owns 104 shares of the company’s stock valued at $34,000 after acquiring an additional 38 shares during the last quarter. Institutional investors and hedge funds own 70.70% of the company’s stock.

Trending Headlines about Marriott International

Here are a few of the latest headlines about MAR:

• Positive Sentiment: Marriott’s latest reported quarter beat analyst expectations: adjusted earnings were $3.02 per share versus $2.84 expected, and revenue grew 8% year over year. This provides a supportive backdrop, though the results were reported earlier this month. Article: Marriott International CAO sells shares
• Neutral Sentiment: Marriott Bonvoy is offering 25% off stays through May 2027. The extended sale could encourage bookings, but discounting may also weigh on room rates and revenue per available room. Article: Marriott Bonvoy Cyber Week sale
• Negative Sentiment: Two insiders disclosed sales made November 10: CAO Felitia Lee sold 736 shares, and Deborah Harrison sold 11,985 shares. Such sales can raise investor concern, although both retained substantial holdings and the transactions alone do not establish a negative view of the company. Article: Marriott International insider trades

Marriott International Company Profile

Marriott International is a global lodging company that manages, franchises, and licenses hotels, resorts, and other accommodations. Its portfolio spans luxury, premium, select-service, and extended-stay brands, including The Ritz-Carlton, St. Regis, W Hotels, Marriott, Sheraton, Courtyard, Residence Inn, and Moxy. The company traces its origins to a root beer stand opened by J. Willard and Alice Marriott in Washington, D.C., in 1927. It entered the lodging business in the 1950s and is headquartered in Bethesda, Maryland.