Marriott International, Inc. (NASDAQ:MAR) CFO Sells $4,031,458.86 in Stock

Marriott International, Inc. (NASDAQ:MAR) CFO Kathleen K. Oberg sold 14,498 shares of the firm’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $278.07, for a total value of $4,031,458.86. Following the transaction, the chief financial officer now owns 14,282 shares of the company’s stock, valued at $3,971,395.74. The trade was a 50.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Marriott International Stock Down 0.3 %

NASDAQ:MAR traded down $0.71 during mid-day trading on Monday, reaching $276.76. The company’s stock had a trading volume of 2,057,951 shares, compared to its average volume of 1,581,773. Marriott International, Inc. has a 1 year low of $204.55 and a 1 year high of $307.52. The stock has a fifty day moving average of $283.73 and a 200-day moving average of $265.45. The firm has a market capitalization of $76.30 billion, a PE ratio of 33.26, a price-to-earnings-growth ratio of 3.42 and a beta of 1.57.

Marriott International (NASDAQ:MAR) last released its quarterly earnings data on Tuesday, February 11th. The company reported $2.45 earnings per share (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, analysts expect that Marriott International, Inc. will post 10.1 earnings per share for the current year.

Marriott International Announces Dividend

The company 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 $0.63 dividend. 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 dividend payout ratio is currently 30.29%.

Analyst Ratings Changes

A number of research firms have weighed in on MAR. UBS Group increased their target price on Marriott International from $294.00 to $301.00 and gave the company a “neutral” rating in a report on Wednesday, February 12th. Susquehanna boosted their target price on shares of Marriott International from $255.00 to $285.00 and gave the company a “neutral” rating in a research report on Wednesday, February 12th. Evercore ISI raised Marriott International from an “in-line” rating to an “outperform” rating and set a $330.00 target price on the stock in a report on Tuesday, February 4th. Argus boosted their price target on Marriott International from $300.00 to $330.00 and gave the company a “buy” rating in a report on Thursday, January 16th. Finally, Wells Fargo & Company decreased their price objective on Marriott International from $285.00 to $277.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 18th. Thirteen research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Marriott International has a consensus rating of “Hold” and an average price target of $284.05.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Hopwood Financial Services Inc. acquired a new position in shares of Marriott International during the fourth quarter worth $25,000. Bernard Wealth Management Corp. purchased a new position in shares of Marriott International in the 4th quarter valued at approximately $25,000. Bell Investment Advisors Inc boosted its stake 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 in the last quarter. Sound Income Strategies LLC increased its stake in 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 purchasing an additional 89 shares in the last quarter. Finally, Silvant Capital Management LLC acquired a new stake in shares of Marriott International during the third quarter worth $31,000. Institutional investors own 70.70% of the company’s stock.

About Marriott International

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.