Marriott International, Inc. (NASDAQ:MAR) Insider Rajeev Menon Sells 2,500 Shares

Marriott International, Inc. (NASDAQ:MAR - Get Free Report) insider Rajeev Menon sold 2,500 shares of the company's stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $268.28, for a total transaction of $670,700.00. Following the completion of the sale, the insider now directly owns 5,706 shares of the company's stock, valued at $1,530,805.68. The trade was a 30.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Marriott International Price Performance

Marriott International stock traded down $2.74 during midday trading on Wednesday, reaching $265.99. The company had a trading volume of 1,514,023 shares, compared to its average volume of 1,603,463. The firm's fifty day simple moving average is $254.63 and its 200-day simple moving average is $263.33. The company has a market capitalization of $72.85 billion, a P/E ratio of 28.20, a P/E/G ratio of 3.32 and a beta of 1.42. Marriott International, Inc. has a 12-month low of $204.55 and a 12-month high of $307.52.

Marriott International (NASDAQ:MAR - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $2.32 earnings per share for the quarter, beating analysts' consensus estimates of $2.25 by $0.07. The business had revenue of $6.26 billion during the quarter, compared to analysts' expectations of $6.19 billion. Marriott International had a negative return on equity of 100.64% and a net margin of 9.75%. The company's revenue was up 4.8% on a year-over-year basis. During the same period in the previous year, the firm posted $2.13 earnings per share. On average, analysts expect that Marriott International, Inc. will post 10.1 EPS for the current fiscal 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 paid a dividend of $0.67 per share. The ex-dividend date of this dividend is Friday, May 23rd. This is an increase from Marriott International's previous quarterly dividend of $0.63. This represents a $2.68 annualized dividend and a yield of 1.01%. Marriott International's dividend payout ratio is currently 30.52%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Hopwood Financial Services Inc. purchased a new position in Marriott International during the fourth quarter worth about $25,000. Bernard Wealth Management Corp. acquired a new position in shares of Marriott International in the 4th quarter worth approximately $25,000. Bell Investment Advisors Inc raised its position in shares of Marriott International by 112.2% during the 4th quarter. Bell Investment Advisors Inc now owns 104 shares of the company's stock worth $29,000 after purchasing an additional 55 shares during the period. Kapitalo Investimentos Ltda acquired a new stake in shares of Marriott International in the fourth quarter valued at approximately $34,000. Finally, Morse Asset Management Inc bought a new position in Marriott International in the 1st quarter valued at about $30,000. Hedge funds and other institutional investors own 70.70% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on MAR shares. Truist Financial dropped their target price 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. Robert W. Baird raised their target price on Marriott International from $250.00 to $265.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 7th. Stifel Nicolaus cut their price target on shares of Marriott International from $295.00 to $240.00 and set a "hold" rating for the company in a report on Wednesday, April 16th. Dbs Bank raised shares of Marriott International from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, May 14th. Finally, JPMorgan Chase & Co. began coverage on Marriott International in a research report on Monday. They issued a "neutral" rating and a $284.00 price target on the stock. Thirteen analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $275.90.

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.

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