Marriott International Inc (MAR) Insider Sells 5840 Shares of Stock

In other Marriott International news, EVP Anthony Capuano sold 19,510 shares of the business's stock in a transaction dated Monday, December 18th. Finally, Oppenheimer Asset Management Inc. increased its stake in Marriott International by 28.1% in the second quarter. Burney Co. boosted its stake in shares of Marriott International by 0.3% in the fourth quarter. The company is scheduled to announce its next quarterly earnings report on Wednesday, February 21st. For the next fiscal year, analysts anticipate that the firm will report earnings of $4.79 per share, with EPS estimates ranging from $4.65 to $5.17. Zacks Investment Research's earnings per share averages are a mean average based on a survey of sell-side analysts that cover Marriott International. Out of 20 Wall Street analysts rating Marriott International, 11 give it "Buy", 0 "Sell" rating, while 9 recommend "Hold". The company reported $1.10 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.98 by $0.12. The business had revenue of $5.66 billion for the quarter, compared to analysts' expectations of $5.22 billion. Marriott International had a return on equity of 31.58% and a net margin of 6.30%. The firm's revenue was up 43.7% compared to the same quarter previous year. During the same period in the prior year, the firm posted $0.91 earnings per share.

MAR has been the subject of several analyst reports. Zacks Investment Research raised Marriott International from a "hold" rating to a "buy" rating and set a $130.00 target price on the stock in a research report on Thursday, October 26th. Royal Bank of Canada reiterated a "buy" rating on shares of Marriott International in a research report on Tuesday, November 7th. Sanford C. Bernstein cut shares of Marriott International from an "outperform" rating to a "market perform" rating in a research report on Thursday, November 16th. Morgan Stanley reissued a "buy" rating on shares of Marriott International in a report on Friday, December 8th.

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Marriott International (NASDAQ:MAR)'s stock had its "hold" rating reaffirmed by investment analysts at Stifel Nicolaus in a research note issued to investors on Tuesday. The average 12-month target price among brokerages that have covered the stock in the a year ago is $83.98. There were 61 sold out positions, on the other hand, totaling 1,988,907 shares. Following the completion of the sale, the director now owns 34,245 shares in the company, valued at approximately $4,314,185.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Following the transaction, the insider now owns 13,624 shares in the company, valued at $1,813,218.16. The disclosure for this sale can be found here. Insiders have sold a total of 221,825 shares of company stock worth $27,378,820 over the last three months. Insiders own 11.32% of the company's stock. Advisory Services Network LLC lifted its holdings in Marriott International by 1,490.1% in the second quarter. State Board of Administration of Florida Retirement System boosted its stake in shares of Marriott International by 0.5% in the fourth quarter. Finally, Renaissance Investment Group LLC boosted its holdings in Marriott International by 3.0% in the fourth quarter. NC now owns 62,465 shares of the company's stock worth $8,478,000 after purchasing an additional 2,430 shares during the last quarter. AHL Partners LLP increased its stake in shares of Marriott International by 230.4% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 1,572 shares of the company's stock valued at $158,000 after purchasing an additional 345 shares in the last quarter. Abner Herrman & Brock LLC's holdings in Marriott International were worth $22,615,000 at the end of the most recent reporting period. Following the sale, the executive vice president now directly owns 23,159 shares of the company's stock, valued at approximately $3,091,958.09. Corporate insiders own 17.07% of the company's stock.

Shares of Marriott International (MAR) traded down $0.75 during trading on Tuesday, hitting $135.70. The company has a debt-to-equity ratio of 1.83, a quick ratio of 0.52 and a current ratio of 0.52. The stock has a market cap of $50,833.57, a price-to-earnings ratio of 37.98, a price-to-earnings-growth ratio of 2.31 and a beta of 1.35. Marriott International has a twelve month low of $81.04 and a twelve month high of $137.60.

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Marriott International declared that its board has approved a stock repurchase plan on Thursday, November 9th that authorizes the company to buyback 30,000,000 outstanding shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. The Mount Lucas Management Lp holds 130,630 shares with $10.63M value, down from 139,177 last quarter. Stockholders of record on Wednesday, November 22nd were issued a dividend of $0.33 per share. Its down 0.09, from 1.01 in 2017Q2. The company was maintained on Tuesday, November 7 by RBC Capital Markets. According to the latest data, the consensus recommendation for Marriott International, Inc.

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COPYRIGHT VIOLATION WARNING: This story was first reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. Moreover, State Of Alaska Department Of Revenue has 0.06% invested in Marriott International, Inc. Its North American Full-Service segment includes its Luxury and Premium brands (JW Marriott, Marriott Hotels, Sheraton, Westin, Renaissance Hotels, Le Meridien, Autograph Collection Hotels, Delta Hotels, Gaylord Hotels, and Tribute Portfolio) located in the United States and Canada.

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