Marriott International, Inc. (NASDAQ:MAR) CEO Anthony Capuano Sells 16,159 Shares of Stock

Marriott International, Inc. (NASDAQ:MAR – Get Rating) CEO Anthony Capuano sold 16,159 shares of Marriott International stock in a transaction that occurred on Friday, May 5th. The stock was sold at an average price of $176.33, for a total value of $2,849,316.47. Following the completion of the sale, the chief executive officer now directly owns 157,786 shares in the company, valued at approximately $27,822,405.38. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Marriott International Stock Up 0.6 %

Shares of MAR stock opened at $178.99 on Wednesday. The stock’s 50-day simple moving average is $167.50 and its 200-day simple moving average is $163.60. The company has a debt-to-equity ratio of 73.56, a quick ratio of 0.47 and a current ratio of 0.47. The firm has a market capitalization of $54.30 billion, a PE ratio of 20.93, a P/E/G ratio of 0.70 and a beta of 1.57. Marriott International, Inc. has a fifty-two week low of $131.01 and a fifty-two week high of $183.27.

Marriott International (NASDAQ:MAR – Get Rating) last issued its earnings results on Tuesday, May 2nd. The company reported $2.09 EPS for the quarter, topping analysts’ consensus estimates of $1.86 by $0.23. Marriott International had a return on equity of 272.54% and a net margin of 12.34%. The firm had revenue of $5.62 billion for the quarter, compared to the consensus estimate of $5.44 billion. During the same quarter in the prior year, the business earned $1.25 earnings per share. The company’s revenue was up 33.7% compared to the same quarter last year. Equities analysts expect that Marriott International, Inc. will post 8.43 earnings per share for the current year.

Marriott International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 31st. Shareholders of record on Friday, February 24th were given a dividend of $0.40 per share. The ex-dividend date was Thursday, February 23rd. This represents a $1.60 dividend on an annualized basis and a yield of 0.89%. This is an increase from Marriott International’s previous quarterly dividend of $0.30. Marriott International’s dividend payout ratio is currently 18.71%.

Hedge Funds Weigh In On Marriott International

Hedge funds have recently bought and sold shares of the business. American Century Companies Inc. lifted its position in shares of Marriott International by 2.4% in the first quarter. American Century Companies Inc. now owns 13,938 shares of the company’s stock valued at $2,450,000 after acquiring an additional 330 shares in the last quarter. Raymond James Trust N.A. lifted its position in shares of Marriott International by 5.8% in the first quarter. Raymond James Trust N.A. now owns 3,444 shares of the company’s stock valued at $605,000 after acquiring an additional 189 shares in the last quarter. Synovus Financial Corp lifted its position in shares of Marriott International by 13.3% in the first quarter. Synovus Financial Corp now owns 3,873 shares of the company’s stock valued at $682,000 after acquiring an additional 455 shares in the last quarter. Sei Investments Co. increased its holdings in shares of Marriott International by 12.1% in the first quarter. Sei Investments Co. now owns 43,563 shares of the company’s stock valued at $7,708,000 after purchasing an additional 4,685 shares during the last quarter. Finally, Candriam Luxembourg S.C.A. increased its holdings in shares of Marriott International by 64.9% in the first quarter. Candriam Luxembourg S.C.A. now owns 27,406 shares of the company’s stock valued at $4,816,000 after purchasing an additional 10,790 shares during the last quarter. Hedge funds and other institutional investors own 58.97% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on the company. StockNews.com downgraded Marriott International from a “buy” rating to a “hold” rating in a research note on Wednesday, May 3rd. Sanford C. Bernstein raised Marriott International from a “market perform” rating to an “outperform” rating and set a $204.00 target price on the stock in a research report on Wednesday, May 3rd. TD Cowen boosted their target price on Marriott International from $170.00 to $172.00 and gave the company an “outperform” rating in a research report on Tuesday, March 28th. Wells Fargo & Company cut their target price on Marriott International from $190.00 to $183.00 and set an “overweight” rating on the stock in a research report on Thursday, March 30th. Finally, Truist Financial boosted their target price on Marriott International from $185.00 to $205.00 and gave the company a “hold” rating in a research report on Thursday, February 16th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Marriott International currently has an average rating of “Hold” and an average target price of $184.00.

About Marriott International

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Marriott International, Inc engages in the operation and franchise of hotel, residential, and timeshare properties. It operates through the following geography segments: U.S. & Canada, Asia Pacific, and Europe, Middle East and Africa (EMEA). The company was founded by J. Willard Marriott and Alice Sheets Marriott in 1927 and is headquartered in Bethesda, MD.