Marriott International (NASDAQ:MAR) Stock: Insider Felitia Lee Sells 736 Shares

Key Points

• Chief accounting officer Felitia Lee sold 736 Marriott shares at an average price of $425.85, totaling about $313,426. She retained 5,634 shares after the sale.
• Marriott reported quarterly EPS of $3.02, beating the $2.84 consensus, while revenue reached $7 billion and rose 8% year over year.
• The company declared a quarterly dividend of $0.73 per share, equivalent to a 0.7% yield; shares were trading at $424.66 in Thursday’s session.

Marriott International, Inc. (NASDAQ:MAR - Get Free Report) CAO Felitia Lee sold 736 shares of Marriott International stock in a transaction that occurred on Tuesday, November 10th. The shares were sold at an average price of $425.85, for a total transaction of $313,425.60. Following the sale, the chief accounting officer directly owned 5,634 shares of the company's stock, valued at $2,399,238.90. This represents a 11.55% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Marriott International Trading Down 1.1%

Shares of NASDAQ MAR traded down $4.52 during trading hours on Thursday, reaching $424.66. The stock had a trading volume of 1,335,458 shares, compared to its average volume of 1,571,434. Marriott International, Inc. has a 52-week low of $280.99 and a 52-week high of $433.30. The firm has a market cap of $109.35 billion, a price-to-earnings ratio of 42.38, a P/E/G ratio of 3.07 and a beta of 1.15. The business's fifty day moving average price is $373.06 and its two-hundred day moving average price is $360.25.

Marriott International (NASDAQ:MAR - Get Free Report) last released its quarterly earnings data on Monday, November 2nd. The company reported $3.02 EPS for the quarter, topping the consensus estimate 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 last year, the business posted $2.47 EPS. Marriott International's quarterly revenue was up 8.0% on a year-over-year basis. Equities research analysts anticipate that Marriott International, Inc. will post 12.10 earnings per share for the current fiscal year.

Marriott International Announces Dividend

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

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. State Street Corp grew its stake in Marriott International by 2.9% in the second quarter. State Street Corp now owns 9,644,773 shares of the company's stock valued at $3,574,256,000 after purchasing an additional 272,044 shares during the last quarter. Jupiter Topco LLC bought a new position in Marriott International in the second quarter worth about $81,872,000. William Blair Investment Management LLC lifted its position in shares of Marriott International by 255.5% during the second quarter. William Blair Investment Management LLC now owns 300,872 shares of the company's stock valued at $111,500,000 after buying an additional 216,241 shares during the last quarter. Danske Bank A S lifted its position in shares of Marriott International by 170.4% during the second quarter. Danske Bank A S now owns 326,743 shares of the company's stock valued at $121,088,000 after buying an additional 205,886 shares during the last quarter. Finally, Aberdeen Group plc boosted its holdings in shares of Marriott International by 112.9% in the 3rd quarter. Aberdeen Group plc now owns 361,748 shares of the company's stock valued at $128,663,000 after buying an additional 191,811 shares in the last quarter. 70.70% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Freedom Broker downgraded Marriott International from a "strong-buy" rating to a "hold" rating in a report on Tuesday, November 3rd. Wolfe Research initiated coverage on shares of Marriott International in a report on Wednesday, September 2nd. They set a "hold" rating on the stock. Morgan Stanley raised their target price on shares of Marriott International from $384.00 to $403.00 and gave the company an "overweight" rating in a research report on Thursday, October 22nd. TD Cowen upgraded shares of Marriott International to a "strong-buy" rating in a report on Tuesday, September 8th. Finally, Wells Fargo & Company upped their price target on shares of Marriott International from $426.00 to $463.00 and gave the stock an "overweight" rating in a research report on Tuesday, November 3rd. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, Marriott International has an average rating of "Moderate Buy" and an average price target of $399.04.

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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