Kathleen K. Oberg Sells 2,360 Shares of Marriott International, Inc. (NASDAQ:MAR) Stock

Marriott International, Inc. (NASDAQ:MAR) CFO Kathleen K. Oberg sold 2,360 shares of the company’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $285.41, for a total transaction of $673,567.60. Following the transaction, the chief financial officer now directly owns 39,726 shares in the company, valued at approximately $11,338,197.66. This trade represents a 5.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Marriott International Trading Down 1.1 %

NASDAQ MAR opened at $278.78 on Friday. The company’s fifty day simple moving average is $255.57 and its 200-day simple moving average is $241.46. Marriott International, Inc. has a 52 week low of $200.94 and a 52 week high of $289.04. The stock has a market cap of $77.47 billion, a P/E ratio of 29.16, a PEG ratio of 5.63 and a beta of 1.58.

Marriott International (NASDAQ:MAR) last posted its earnings results on Monday, November 4th. The company reported $2.26 EPS for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.05). The firm had revenue of $6.26 billion for the quarter, compared to analyst estimates of $6.27 billion. Marriott International had a negative return on equity of 177.91% and a net margin of 11.18%. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the previous year, the firm posted $2.11 earnings per share. On average, research analysts expect that Marriott International, Inc. will post 9.26 EPS for the current fiscal year.

Marriott International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Thursday, November 21st will be paid a $0.63 dividend. The ex-dividend date is Thursday, November 21st. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.90%. Marriott International’s dividend payout ratio (DPR) is presently 26.36%.

Institutional Trading of Marriott International

Hedge funds and other institutional investors have recently made changes to their positions in the stock. BDF Gestion bought a new stake in Marriott International during the second quarter valued at $3,013,000. Jensen Investment Management Inc. bought a new stake in Marriott International during the third quarter valued at $793,000. CWM LLC increased its stake in Marriott International by 518.7% during the second quarter. CWM LLC now owns 47,519 shares of the company’s stock valued at $11,489,000 after purchasing an additional 39,839 shares during the last quarter. BayBridge Capital Group LLC bought a new stake in Marriott International during the third quarter valued at $1,254,000. Finally, Sumitomo Mitsui Trust Group Inc. increased its stake in Marriott International by 0.5% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 566,548 shares of the company’s stock valued at $140,844,000 after purchasing an additional 2,723 shares during the last quarter. Institutional investors own 70.70% of the company’s stock.

Analyst Ratings Changes

MAR has been the topic of a number of recent analyst reports. Bank of America upped their price target on shares of Marriott International from $275.00 to $300.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Macquarie restated a “neutral” rating and set a $245.00 target price on shares of Marriott International in a report on Tuesday, November 5th. The Goldman Sachs Group assumed coverage on shares of Marriott International in a report on Wednesday, September 18th. They set a “buy” rating and a $267.00 price target for the company. Sanford C. Bernstein lifted their price target on shares of Marriott International from $262.00 to $290.00 and gave the stock an “outperform” rating in a report on Tuesday, November 5th. Finally, JPMorgan Chase & Co. raised their target price on shares of Marriott International from $235.00 to $255.00 and gave the stock a “neutral” rating in a research report on Friday, July 19th. Thirteen equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $259.00.

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.