Marriott International Inc /md/ (MAR): J W Jr Marriott , Chairman of Marriott International Inc /md/ sold 30,000 shares on Jun 22, 2016. The Insider selling transaction was reported by the company on Jun 23, 2016 to the Securities and Exchange Commission. The shares were sold at $67.81 per share for a total value of $2,034,300.00 , 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 16, 2016, Anthony Capuano (EVP- Chief Development Officer) sold 18,111 shares at $66.51 per share price.On Jun 15, 2016, Mary K Bush (director) sold 1,750 shares at $65.79 per share price.Also, On May 13, 2016, David Grissen (Group President) sold 9,068 shares at $67.97 per share price.On Dec 24, 2015, Susan C Schwab (director) purchased 364 shares at $68.59 per share price.
Shares of Marriott International Inc (MAR) ended Tuesday, Jun 21, 2016 session in red amid volatile trading. The shares closed down -0.13 points or -0.19% at $67.71 with 24,29,216 shares getting traded. Post opening the session at $67.73, the shares hit an intraday low of $67.13 and an intraday high of $67.83 and the price vacillated in this range throughout the day. The company has a market cap of $17,214 M and the number of outstanding shares has been calculated to be 25,42,31,720 shares. The 52-week high of Marriott International Inc is $79.88 and the 52-week low is $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 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.