Marriott International Inc (NASDAQ:MAR) CEO Arne M. Sorenson Sells 63,726 Shares

Marriott International Inc (NASDAQ:MAR) CEO Arne M. Sorenson sold 63,726 shares of the business’s stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $124.15, for a total value of $7,911,582.90. Following the transaction, the chief executive officer now owns 750,500 shares of the company’s stock, valued at $93,174,575. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Shares of MAR traded down $1.52 during midday trading on Friday, reaching $134.41. 1,378,277 shares of the stock were exchanged, compared to its average volume of 1,682,304. Marriott International Inc has a 52 week low of $100.62 and a 52 week high of $142.19. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 3.83. The company has a market capitalization of $45.26 billion, a price-to-earnings ratio of 21.64, a PEG ratio of 2.04 and a beta of 1.21.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings results on Thursday, February 28th. The company reported $1.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.40 by $0.04. Marriott International had a return on equity of 80.36% and a net margin of 8.74%. The business had revenue of $5.29 billion for the quarter, compared to the consensus estimate of $5.61 billion. During the same quarter in the prior year, the company earned $1.12 EPS. On average, equities research analysts predict that Marriott International Inc will post 6.05 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 1st were given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend was Thursday, February 28th. Marriott International’s payout ratio is currently 26.41%.

Several research analysts have weighed in on the company. BidaskClub upgraded Marriott International from a “hold” rating to a “buy” rating in a research note on Friday, April 5th. Morgan Stanley set a $117.00 price objective on Marriott International and gave the stock a “hold” rating in a report on Thursday, March 28th. Zacks Investment Research raised Marriott International from a “sell” rating to a “hold” rating in a report on Wednesday, March 6th. Barclays increased their price target on Marriott International to $135.00 and gave the company an “equal weight” rating in a report on Tuesday, March 5th. They noted that the move was a valuation call. Finally, Berenberg Bank restated a “buy” rating and set a $140.00 price target on shares of Marriott International in a report on Tuesday, March 5th. Ten investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Marriott International currently has a consensus rating of “Hold” and a consensus target price of $135.29.

A number of hedge funds have recently modified their holdings of the stock. Wedbush Securities Inc. raised its stake in shares of Marriott International by 5.1% in the fourth quarter. Wedbush Securities Inc. now owns 2,048 shares of the company’s stock worth $222,000 after purchasing an additional 100 shares during the last quarter. Signature Wealth Management Group raised its position in Marriott International by 2.3% during the fourth quarter. Signature Wealth Management Group now owns 4,529 shares of the company’s stock valued at $492,000 after acquiring an additional 101 shares in the last quarter. First Manhattan Co. raised its position in Marriott International by 21.8% during the first quarter. First Manhattan Co. now owns 570 shares of the company’s stock valued at $71,000 after acquiring an additional 102 shares in the last quarter. Lee Financial Group Hawaii Inc. raised its position in Marriott International by 0.4% during the fourth quarter. Lee Financial Group Hawaii Inc. now owns 24,301 shares of the company’s stock valued at $2,638,000 after acquiring an additional 104 shares in the last quarter. Finally, Private Trust Co. NA raised its position in Marriott International by 3.3% during the first quarter. Private Trust Co. NA now owns 3,581 shares of the company’s stock valued at $447,000 after acquiring an additional 116 shares in the last quarter. 66.83% of the stock is currently owned by institutional investors.

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About Marriott International

Marriott International, Inc operates, franchises, and licenses hotel, residential, and timeshare properties worldwide. The company operates through North American Full-Service, North American Limited-Service, and Asia Pacific 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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