Marriott International, Inc. (NASDAQ:MAR) Insider Craig S. Smith Sells 3,647 Shares

Marriott International, Inc. (NASDAQ:MARGet Rating) insider Craig S. Smith sold 3,647 shares of the company’s stock in a transaction on Thursday, April 28th. The stock was sold at an average price of $185.00, for a total value of $674,695.00. Following the completion of the sale, the insider now owns 19,252 shares of the company’s stock, valued at $3,561,620. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Shares of MAR stock opened at $177.52 on Friday. The stock’s 50-day simple moving average is $171.44 and its 200-day simple moving average is $164.32. The company has a debt-to-equity ratio of 6.60, a quick ratio of 0.57 and a current ratio of 0.57. The firm has a market capitalization of $58.09 billion, a PE ratio of 53.15 and a beta of 1.69. Marriott International, Inc. has a fifty-two week low of $127.23 and a fifty-two week high of $195.90.

Marriott International (NASDAQ:MARGet Rating) last announced its quarterly earnings data on Tuesday, February 15th. The company reported $1.30 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.28. The business had revenue of $4.45 billion for the quarter, compared to analyst estimates of $4.03 billion. Marriott International had a return on equity of 125.04% and a net margin of 7.93%. The company’s revenue was up 104.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.12 earnings per share. Sell-side analysts forecast that Marriott International, Inc. will post 5.57 earnings per share for the current year.

A number of equities research analysts recently weighed in on MAR shares. Loop Capital upped their price objective on Marriott International from $163.00 to $170.00 and gave the stock a “hold” rating in a research note on Wednesday, February 16th. BMO Capital Markets upped their price objective on Marriott International from $170.00 to $178.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 16th. Truist Financial upped their price objective on Marriott International from $156.00 to $182.00 and gave the stock a “hold” rating in a research note on Wednesday, February 16th. Morgan Stanley upped their price objective on Marriott International from $158.00 to $172.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 16th. Finally, Wells Fargo & Company upped their price objective on Marriott International from $185.00 to $199.00 in a research note on Wednesday, February 16th. Nine research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $178.91.

Institutional investors and hedge funds have recently modified their holdings of the company. Newbridge Financial Services Group Inc. purchased a new stake in shares of Marriott International in the fourth quarter worth about $25,000. Riverview Trust Co purchased a new stake in shares of Marriott International in the first quarter worth about $26,000. CVA Family Office LLC purchased a new stake in shares of Marriott International in the fourth quarter worth about $27,000. Sterling Investment Advisors Ltd. purchased a new position in Marriott International during the fourth quarter worth approximately $29,000. Finally, Consolidated Planning Corp purchased a new position in Marriott International during the third quarter worth approximately $30,000. Hedge funds and other institutional investors own 59.16% of the company’s stock.

About Marriott International (Get Rating)

Marriott International, Inc operates, franchises, and licenses hotel, residential, and timeshare properties worldwide. The company operates through U.S. and Canada, and International segments. It operates its properties under the JW Marriott, The Ritz-Carlton, Ritz-Carlton Reserve, W Hotels, The Luxury Collection, St.

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