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

Key Points

• EVP Benjamin Breland sold 2,408 Marriott shares at an average price of $424.52, for about $1.02 million. He retained 21,243 shares after the sale.
• Marriott’s latest quarter beat expectations, with EPS of $3.02 versus $2.84 expected and revenue up 8% year over year to $7 billion.
• Analysts’ consensus rating is “Moderate Buy”, with an average price target of $399.04; Marriott also declared a quarterly dividend of $0.73 per share.

Marriott International, Inc. (NASDAQ:MAR - Get Free Report) EVP Benjamin Breland sold 2,408 shares of the stock in a transaction on Thursday, November 12th. The stock was sold at an average price of $424.52, for a total transaction of $1,022,244.16. Following the sale, the executive vice president owned 21,243 shares of the company's stock, valued at approximately $9,018,078.36. This trade represents a 10.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Marriott International Stock Down 0.4%

MAR traded down $1.50 during trading on Friday, reaching $423.16. 1,906,618 shares of the stock traded hands, compared to its average volume of 1,572,952. The stock's 50-day moving average is $373.06 and its 200 day moving average is $360.25. Marriott International, Inc. has a 12 month low of $280.99 and a 12 month high of $433.30. The stock has a market capitalization of $108.96 billion, a PE ratio of 42.23, a P/E/G ratio of 3.08 and a beta of 1.15.

Marriott International (NASDAQ:MAR - Get Free Report) last announced its quarterly earnings data on Monday, November 2nd. The company reported $3.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.84 by $0.18. Marriott International had a negative return on equity of 69.94% and a net margin of 9.68%. The company had revenue of $7 billion for the quarter, compared to the consensus estimate of $6.93 billion. During the same period in the previous year, the business earned $2.47 EPS. The firm's revenue was up 8.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Marriott International, Inc. will post 12.10 EPS for the current year.

Marriott International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Thursday, November 19th will be issued a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Thursday, November 19th. Marriott International's dividend payout ratio is presently 29.14%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Sanford C. Bernstein reiterated an "outperform" rating and set a $445.00 target price on shares of Marriott International in a research report on Wednesday, November 4th. TD Cowen raised shares of Marriott International to a "strong-buy" rating in a research note on Tuesday, September 8th. Deutsche Bank dropped their price objective on shares of Marriott International from $379.00 to $372.00 and set a "hold" rating on the stock in a report on Tuesday, August 4th. Freedom Broker cut shares of Marriott International from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, November 3rd. Finally, Wolfe Research began coverage on Marriott International in a research note on Wednesday, September 2nd. They issued a "hold" rating for the company. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $399.04.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Evelyn Partners Investment Management Services Ltd acquired a new position in shares of Marriott International during the first quarter valued at about $25,000. 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. IMG Wealth Management Inc. boosted its stake in Marriott International by 100.0% during the 1st quarter. IMG Wealth Management Inc. now owns 82 shares of the company's stock valued at $27,000 after purchasing an additional 41 shares during the last quarter. Scarborough Advisors LLC acquired a new position in Marriott International during the 1st quarter valued at about $32,000. Finally, Meeder Asset Management Inc. increased its holdings in Marriott International by 57.6% during the 1st quarter. Meeder Asset Management Inc. now owns 104 shares of the company's stock worth $34,000 after purchasing an additional 38 shares in the last quarter. Institutional investors and hedge funds own 70.70% of the company's stock.

Latest Marriott International News

Here's some of the latest news 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

About Marriott International

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.

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