Marriott International Inc /md/ (MAR) Files Form 4 Insider Selling : Richard E Marriott Sells 71,287 Shares

Marriott International Inc /md/ (MAR): Richard E Marriott , 10% owner of Marriott International Inc /md/ sold 71,287 shares on Sep 22, 2016. The Insider selling transaction was reported by the company on Sep 26, 2016 to the Securities and Exchange Commission. The shares were sold at $70.14 per share for a total value of $5,000,070.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Aug 24, 2016, Craig S. Smith (Pres. Mgn. Dir. Asia Pacific) sold 1,373 shares at $73.30 per share price.On Aug 22, 2016, Anthony Capuano (EVP- Chief Development Officer) sold 22,538 shares at $73.60 per share price.Also, On Aug 2, 2016, Argiris Kyriakidis (Pres. Mgn. Director MEA) sold 3,000 shares at $71.49 per share price.On Jun 23, 2016, J W Jr Marriott (Chairman) sold 30,000 shares at $67.81 per share price.

Shares of Marriott International Inc (MAR) ended Thursday, Sep 22, 2016 session in red amid volatile trading. The shares closed down -0.39 points or -0.56% at $69.75 with 1,75,62,130 shares getting traded. Post opening the session at $70.54, the shares hit an intraday low of $69.51 and an intraday high of $70.73 and the price vacillated in this range throughout the day. The company has a market cap of $17,744 M and the number of outstanding shares has been calculated to be 25,44,00,460 shares. The 52-week high of Marriott International Inc is $79.88 and the 52-week low is $56.43.

Marriott International Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.Marriott International Inc is Upgraded by Morgan Stanley to Overweight. Earlier the firm had a rating of Equal-Weight on the company shares. The Rating was issued on Sep 26, 2016.Marriott International Inc is Initiated by Goldman to Buy. The Rating was issued on Sep 26, 2016.Marriott International Inc is Reiterated by Stifel to Hold and the brokerage firm has raised the Price Target to $ 66 from a previous price target of $65 .The Rating was issued on Sep 26, 2016.Marriott International Inc is Reiterated by Telsey Advisory Group to Market Perform while Lowering the Price Target of the company shares to $ 70 from a previous price target of $74 . The Rating was issued on Sep 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.

Leave a Reply

Marriott International Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on Marriott International Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.