Anthony Capuano Sells 12,000 Shares of Marriott International, Inc. (NASDAQ:MAR) Stock

Marriott International, Inc. (NASDAQ:MAR - Get Free Report) CEO Anthony Capuano sold 12,000 shares of the firm's stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $263.90, for a total transaction of $3,166,800.00. Following the sale, the chief executive officer now owns 124,067 shares of the company's stock, valued at $32,741,281.30. This trade represents a 8.82% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Marriott International Stock Down 0.9%

Shares of Marriott International stock traded down $2.47 during trading on Wednesday, reaching $261.93. The company's stock had a trading volume of 926,259 shares, compared to its average volume of 1,606,987. The company has a market cap of $71.74 billion, a price-to-earnings ratio of 31.48, a PEG ratio of 3.42 and a beta of 1.42. The firm's 50-day moving average is $243.91 and its two-hundred day moving average is $265.85. Marriott International, Inc. has a 52-week low of $204.55 and a 52-week high of $307.52.

Marriott International (NASDAQ:MAR - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $2.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.25 by $0.07. Marriott International had a net margin of 9.46% and a negative return on equity of 116.67%. The business had revenue of $6.26 billion during the quarter, compared to analyst estimates of $6.19 billion. During the same period in the prior year, the business posted $2.13 earnings per share. The company's revenue was up 4.8% on a year-over-year basis. On average, equities research analysts anticipate that Marriott International, Inc. will post 10.1 EPS for the current year.

Marriott International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, May 23rd will be given a $0.67 dividend. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $2.68 annualized dividend and a yield of 1.02%. This is an increase from Marriott International's previous quarterly dividend of $0.63. Marriott International's payout ratio is presently 30.52%.

Analyst Upgrades and Downgrades

MAR has been the topic of a number of recent research reports. Truist Financial dropped their price target on Marriott International from $300.00 to $273.00 and set a "hold" rating on the stock in a research report on Friday, May 30th. Wells Fargo & Company cut their target price on shares of Marriott International from $285.00 to $277.00 and set an "equal weight" rating for the company in a research report on Tuesday, February 18th. Dbs Bank raised shares of Marriott International from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, May 14th. Jefferies Financial Group upgraded shares of Marriott International from a "hold" rating to a "buy" rating and upped their price target for the company from $226.00 to $303.00 in a research note on Monday, May 12th. Finally, Barclays lowered their target price on shares of Marriott International from $283.00 to $236.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 22nd. Thirteen equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Marriott International has a consensus rating of "Moderate Buy" and a consensus price target of $275.15.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in MAR. Harold Davidson & Associates Inc. grew its holdings in Marriott International by 0.4% in the 1st quarter. Harold Davidson & Associates Inc. now owns 11,186 shares of the company's stock worth $2,665,000 after acquiring an additional 49 shares during the last quarter. Modern Wealth Management LLC increased its holdings in Marriott International by 107.6% during the 1st quarter. Modern Wealth Management LLC now owns 1,646 shares of the company's stock valued at $392,000 after purchasing an additional 853 shares during the period. Strs Ohio bought a new position in Marriott International during the 1st quarter valued at approximately $18,020,000. Jacobi Capital Management LLC grew its position in shares of Marriott International by 1.2% in the 1st quarter. Jacobi Capital Management LLC now owns 3,798 shares of the company's stock worth $905,000 after buying an additional 45 shares during the last quarter. Finally, McAdam LLC increased its stake in shares of Marriott International by 16.1% during the first quarter. McAdam LLC now owns 1,675 shares of the company's stock valued at $399,000 after buying an additional 232 shares during the period. Institutional investors own 70.70% of the company's stock.

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.