Marriott International Inc /md/ (MAR): Anthony Capuano , EVP- Chief Development Officer of Marriott International Inc /md/ sold 18,111 shares on Jun 15, 2016. The Insider selling transaction was reported by the company on Jun 16, 2016 to the Securities and Exchange Commission. The shares were sold at $66.51 per share for a total value of $1,204,563.62 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 15, 2016, Mary K Bush (director) sold 1,750 shares at $65.79 per share price.On May 13, 2016, David Grissen (Group President) sold 9,068 shares at $67.97 per share price.Also, On Dec 24, 2015, Susan C Schwab (director) purchased 364 shares at $68.59 per share price.On Sep 17, 2015, Richard E Marriott (10% owner) sold 34,550 shares at $72.45 per share price.
Marriott International Inc: On Wednesday, Jun 15, 2016 heightened volatility was witnessed in Marriott International Inc which led to swings in the share price. The shares opened for trading at $65.46 and hit $66.73 on the upside , eventually ending the session at $65.72, with a gain of 0.52% or 0.34 points. The heightened volatility saw the trading volume jump to 29,33,845 shares. The 52-week high of the share price is $79.88 and the company has a market cap of $16,708 M . The 52-week low of the share price is at $56.43.
Company has been under the radar of several Street Analysts.Marriott International Inc is Reiterated by Telsey Advisory Group to Market Perform and the brokerage firm has raised the Price Target to $ 74 from a previous price target of $72 .The Rating was issued on Apr 29, 2016.Marriott International Inc is Downgraded by Raymond James to Mkt Perform. Earlier the firm had a rating of Outperform on the company shares. The Rating was issued on Apr 20, 2016.Marriott International Inc is Reiterated by Canaccord Genuity to Buy while Lowering the Price Target of the company shares to $ 82 from a previous price target of $84 . The Rating was issued on Mar 23, 2016.
Marriott International Inc. is a diversified global lodging company. The Company is an operator franchisor and licensor of hotels and timeshare properties across the world. It also operates markets and develops residential properties and provides services to home/condominium owner associations. It has three segments: North American Full-Service North American Limited-Service and International. The Company’s brands include The Ritz-Carlton BVLGARI Hotels & Resorts EDITION JW Marriott Autograph Collection Hotels Renaissance Hotels Marriott Hotels Marriott Executive Apartments Marriott Vacation Club Gaylord Hotels AC Hotels by Marriott Courtyard by Marriott Residence Inn by Marriott SpringHill Suites by Marriott Fairfield Inn & Suites TownePlace Suites by Marriott Protea Hotels and Moxy Hotels. It operates franchises or licenses approximately 4175 properties across the world with around 714765 rooms inclusive of around 41 home and condominium products.