Marriott International (NASDAQ:MAR) Stock: Insider Anthony Capuano Sells 63,355 Shares

Key Points

• CEO Anthony Capuano sold 63,355 Marriott shares at an average $420.12, totaling about $26.6 million. He retained 50,867 shares after the sale, a 55.47% reduction in his position.
• Marriott beat quarterly estimates, reporting EPS of $3.02 versus $2.84 expected, and revenue of $7 billion, up 8% year over year.
• The company declared a quarterly dividend of $0.73 per share, equivalent to $2.92 annually and a yield of about 0.7% at the reported share price.

Marriott International, Inc. (NASDAQ:MAR - Get Free Report) CEO Anthony Capuano sold 63,355 shares of the stock in a transaction that occurred on Wednesday, November 4th. The stock was sold at an average price of $420.12, for a total transaction of $26,616,702.60. Following the completion of the transaction, the chief executive officer owned 50,867 shares in the company, valued at approximately $21,370,244.04. This trade represents a 55.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

Marriott International Trading Down 0.1%

NASDAQ MAR traded down $0.62 on Friday, hitting $416.65. 724,046 shares of the company's stock traded hands, compared to its average volume of 1,566,320. Marriott International, Inc. has a 1-year low of $280.99 and a 1-year high of $433.30. The firm's 50-day moving average price is $365.04 and its two-hundred day moving average price is $357.63. The firm has a market capitalization of $107.29 billion, a PE ratio of 41.58, a P/E/G ratio of 3.14 and a beta of 1.15.

Marriott International (NASDAQ:MAR - Get Free Report) last released its quarterly earnings data on Monday, November 2nd. The company reported $3.02 earnings per share for the quarter, topping analysts' consensus estimates 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 firm had revenue of $7 billion for the quarter, compared to analyst estimates of $6.93 billion. During the same quarter in the prior year, the business earned $2.47 earnings per share. The business's quarterly revenue was up 8.0% compared to the same quarter last year. On average, research analysts anticipate that Marriott International, Inc. will post 12.10 earnings per share for the current fiscal year.

Marriott International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Thursday, November 19th will be given a dividend of $0.73 per share. This represents a $2.92 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Thursday, November 19th. Marriott International's dividend payout ratio (DPR) is currently 29.14%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on MAR shares. Sanford C. Bernstein restated an "outperform" rating and issued a $445.00 target price on shares of Marriott International in a research note on Wednesday. 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 report on Tuesday. Robert W. Baird boosted their price target on Marriott International from $395.00 to $414.00 and gave the company a "neutral" rating in a report on Tuesday. Weiss Ratings restated a "buy (b)" rating on shares of Marriott International in a research report on Wednesday. Finally, Wolfe Research initiated coverage on shares of Marriott International in a research note on Wednesday, September 2nd. They set a "hold" rating on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $394.48.

Institutional Investors Weigh In On Marriott International

A number of institutional investors have recently modified their holdings of the business. Evelyn Partners Investment Management Services Ltd bought a new stake in shares of Marriott International during the first quarter valued at approximately $25,000. IMG Wealth Management Inc. raised its holdings in Marriott International by 100.0% in the 1st quarter. IMG Wealth Management Inc. now owns 82 shares of the company's stock worth $27,000 after acquiring an additional 41 shares during the last quarter. Wilkerson Advisory Group LLC lifted its position in Marriott International by 127.0% in the 1st quarter. Wilkerson Advisory Group LLC now owns 84 shares of the company's stock valued at $27,000 after acquiring an additional 47 shares in the last quarter. Scarborough Advisors LLC purchased a new stake in Marriott International during the 1st quarter valued at $32,000. Finally, Meeder Asset Management Inc. boosted its stake in Marriott International by 57.6% during the 1st quarter. Meeder Asset Management Inc. now owns 104 shares of the company's stock valued at $34,000 after purchasing an additional 38 shares during the last quarter. 70.70% of the stock is currently owned by institutional investors and hedge funds.

Marriott International News Roundup

Here are the key news stories impacting Marriott International this week:

• Positive Sentiment: Marriott declared a quarterly dividend of $0.73 per share, payable December 31, with a November 19 ex-dividend date. The payout offers modest income support, at an indicated annual yield of about 0.7%. Marriott dividend announcement
• Positive Sentiment: Recent results beat estimates: Marriott reported $3.02 in quarterly EPS versus $2.84 expected, while revenue grew 8% year over year. An accompanying analysis noted that fee growth outpaced room revenue, suggesting results are not solely dependent on travel demand. Marriott earnings analysis
• Positive Sentiment: A new Luxury Collection property marks Marriott’s debut in Laos, expanding its international footprint; the financial impact was not specified. Marriott Laos debut
• Neutral Sentiment: Zacks described MAR as a strong momentum stock, but the item provides no new company-specific results or forecast changes. Zacks momentum analysis
• Negative Sentiment: Two Marriott executive vice presidents sold a combined 7,469 shares at an average of $423.32. Both retained substantial holdings, so the sales do not necessarily indicate a change in company outlook. SEC filing for Rena Reiss sale SEC filing for Benjamin Breland sale
• Negative Sentiment: Freedom Broker downgraded Marriott from “strong buy” to “hold,” a less favorable analyst view that may weigh on sentiment. Freedom Broker rating information

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, DC, in 1927. It entered the lodging business in the 1950s and is headquartered in Bethesda, Maryland.

Marriott serves travelers in countries and territories around the world and offers the Marriott Bonvoy loyalty program.

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