Benjamin T. Breland Sells 500 Shares of Marriott International, Inc. (NASDAQ:MAR) Stock

Marriott International, Inc. (NASDAQ:MAR) EVP Benjamin T. Breland sold 500 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $274.49, for a total value of $137,245.00. Following the completion of the sale, the executive vice president now owns 12,286 shares of the company’s stock, valued at approximately $3,372,384.14. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Marriott International Stock Up 0.4 %

NASDAQ:MAR traded up $1.14 during trading hours on Thursday, reaching $277.40. The company had a trading volume of 582,064 shares, compared to its average volume of 1,469,722. The stock has a 50-day moving average of $249.39 and a two-hundred day moving average of $239.69. Marriott International, Inc. has a one year low of $192.04 and a one year high of $277.59. The firm has a market capitalization of $78.09 billion, a PE ratio of 28.90, a PEG ratio of 6.21 and a beta of 1.58.

Marriott International (NASDAQ:MAR) last announced its earnings results on Monday, November 4th. The company reported $2.26 EPS for the quarter, missing the consensus estimate of $2.31 by ($0.05). Marriott International had a negative return on equity of 207.04% and a net margin of 11.18%. The business had revenue of $6.26 billion for the quarter, compared to the consensus estimate of $6.27 billion. During the same quarter in the previous year, the company posted $2.11 EPS. Marriott International’s revenue for the quarter was up 5.5% on a year-over-year basis. As a group, sell-side analysts expect that Marriott International, Inc. will post 9.27 earnings per share for the current year.

Hedge Funds Weigh In On Marriott International

Several large investors have recently made changes to their positions in MAR. Bangor Savings Bank lifted its stake in Marriott International by 131.1% in the second quarter. Bangor Savings Bank now owns 104 shares of the company’s stock valued at $25,000 after buying an additional 59 shares during the period. Hantz Financial Services Inc. acquired a new position in Marriott International in the second quarter valued at about $26,000. MFA Wealth Advisors LLC acquired a new position in Marriott International in the second quarter valued at about $28,000. Silvant Capital Management LLC acquired a new position in Marriott International in the third quarter valued at about $31,000. Finally, Unique Wealth Strategies LLC acquired a new position in Marriott International in the second quarter valued at about $35,000. Institutional investors and hedge funds own 70.70% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on MAR. Macquarie reiterated a “neutral” rating and set a $245.00 price target on shares of Marriott International in a report on Tuesday. BMO Capital Markets upped their price target on Marriott International from $255.00 to $265.00 and gave the stock a “market perform” rating in a report on Tuesday. Barclays upped their price target on Marriott International from $240.00 to $249.00 and gave the stock an “equal weight” rating in a report on Tuesday. Truist Financial cut their price target on Marriott International from $263.00 to $254.00 and set a “hold” rating for the company in a report on Tuesday, August 6th. Finally, Mizuho boosted their price objective on Marriott International from $233.00 to $246.00 and gave the company a “neutral” rating in a research report on Tuesday. Thirteen research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, Marriott International presently has a consensus rating of “Hold” and an average target price of $259.00.

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.