Marriott International, Inc. (NASDAQ: MAR) is 11.12% higher on its value in year-to-date trading and has touched a low of $161.01 and a high of $256.53 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The MAR stock was last observed hovering at around $247.74 in the last trading session, with the day’s gains setting it 2.85%.
Currently trading at $250.59, the stock is 0.10% and 1.59% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.07 million and changing 1.15% at the moment leaves the stock 17.92% off its SMA200. MAR registered 50.92% gain for a year compared to 6-month gain of 29.34%. The firm has a 50-day simple moving average (SMA 50) of $3.54 and a 200-day simple moving average (SMA200) of $19.87.
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The stock witnessed a 1.28% loss in the last 1 month and extending the period to 3 months gives it a 12.96%, and is -0.63% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.37% over the week and 1.46% over the month.
Marriott International, Inc. (MAR) has around 411000 employees, a market worth around $72.54B and $23.71B in sales. Current P/E ratio is 24.59 and Fwd P/E is 23.38. Profit margin for the company is 13.00%. Distance from 52-week low is 55.64% and -2.32% from its 52-week high. The company has generated returns on investments over the last 12 months (26.75%).
Marriott International, Inc. quarterly earnings per share for the current quarter are estimated at $2.16 with sales reaching $5.93B over the same period.The EPS is expected to shrink by -5.38% this year, but quarterly earnings will post 7.00% year-over-year. Quarterly sales are estimated to grow 5.70% in year-over-year returns.
1,731 institutions hold shares in Marriott International, Inc. (MAR), with institutional investors hold 78.57% of the company’s shares. The shares outstanding are 290.50M, and float is at 242.65M with Short Float at 2.42%. Institutions hold 64.75% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 21.44 million shares valued at $3.94 billion. The investor’s holdings represent 7.19% of the MAR Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 15.88 million shares valued at $2.92 billion to account for 5.33% of the shares outstanding. The other top investors are State Street Corporation which holds 10.1 million shares representing 3.39% and valued at over $1.86 billion, while JP Morgan Chase & Company holds 2.93% of the shares totaling 8.75 million with a market value of $1.61 billion.
Marriott International, Inc. (MAR) Insider Activity
The most recent transaction is an insider sale by HIPPEAU ERIC, the company’s Director. SEC filings show that HIPPEAU ERIC sold 1,400 shares of the company’s common stock on Mar 13 ’24 at a price of $251.19 per share for a total of $0.35 million. Following the sale, the insider now owns 72.0 shares.
Marriott International, Inc. disclosed in a document filed with the SEC on Feb 28 ’24 that Marriott David S (13D Group Owning more than 10%) sold a total of 2,878 shares of the company’s common stock. The trade occurred on Feb 28 ’24 and was made at $248.94 per share for $0.72 million. Following the transaction, the insider now directly holds 0.6 million shares of the MAR stock.
Still, SEC filings show that on Feb 23 ’24, Anand Satyajit (President, EMEA) disposed off 2,749 shares at an average price of $251.93 for $0.69 million. The insider now directly holds 24,478 shares of Marriott International, Inc. (MAR).
