Insider Selling: Marriott International, Inc. (NASDAQ:MAR) Director Sells $292,463.92 in Stock

Marriott International, Inc. (NASDAQ:MAR) Director Susan C. Schwab sold 1,054 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $277.48, for a total transaction of $292,463.92. Following the completion of the sale, the director now owns 4,551 shares in the company, valued at $1,262,811.48. This represents a 18.80 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Marriott International Stock Performance

Shares of NASDAQ MAR opened at $280.45 on Friday. The company has a market cap of $77.32 billion, a P/E ratio of 33.71, a P/E/G ratio of 3.42 and a beta of 1.57. The firm’s fifty day moving average is $283.20 and its two-hundred day moving average is $266.94. Marriott International, Inc. has a 52-week low of $204.55 and a 52-week high of $307.52.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings results 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%. As a group, analysts forecast that Marriott International, Inc. will post 10.1 EPS for the current fiscal year.

Marriott International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, February 27th will be issued a $0.63 dividend. The ex-dividend date is Thursday, February 27th. This represents a $2.52 dividend on an annualized basis and a yield of 0.90%. Marriott International’s dividend payout ratio is currently 30.29%.

Analyst Ratings Changes

Several research analysts have recently weighed in on MAR shares. UBS Group lifted their price target on shares of Marriott International from $294.00 to $301.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 12th. Argus lifted their price target on shares of Marriott International from $300.00 to $330.00 and gave the stock a “buy” rating in a research note on Thursday, January 16th. Robert W. Baird lifted their price target on shares of Marriott International from $258.00 to $264.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. Evercore ISI upgraded shares of Marriott International from an “in-line” rating to an “outperform” rating and set a $330.00 price target on the stock in a research note on Tuesday, February 4th. Finally, Jefferies Financial Group lifted their price target on shares of Marriott International from $251.00 to $295.00 and gave the stock a “hold” rating in a research note on Thursday, January 2nd. Thirteen analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $284.05.

Institutional Trading of Marriott International

A number of large investors have recently made changes to their positions in MAR. Allspring Global Investments Holdings LLC increased its holdings in shares of Marriott International by 1.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 14,843 shares of the company’s stock worth $3,690,000 after buying an additional 274 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Marriott International by 1.6% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 40,405 shares of the company’s stock worth $10,045,000 after buying an additional 654 shares during the last quarter. DekaBank Deutsche Girozentrale increased its holdings in shares of Marriott International by 0.4% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 81,515 shares of the company’s stock worth $20,570,000 after buying an additional 295 shares during the last quarter. State of Alaska Department of Revenue increased its holdings in shares of Marriott International by 4.0% in the 3rd quarter. State of Alaska Department of Revenue now owns 27,144 shares of the company’s stock worth $6,747,000 after buying an additional 1,050 shares during the last quarter. Finally, Worth Financial Advisory Group LLC bought a new stake in shares of Marriott International in the 3rd quarter worth about $264,000. 70.70% of the stock is currently owned by institutional investors.

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.