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Rena Hozore Reiss, Executive Vice President and General Counsel at Marriott International Inc. (NASDAQ:MAR), recently executed a significant stock transaction. On February 21, Reiss sold 3,500 shares of Marriott’s Class A Common Stock at a price of $286.65 per share, totaling approximately $1,003,274. The transaction occurred near Marriott’s current trading level, with the stock showing impressive momentum, having gained over 23% in the past six months. According to InvestingPro data, the company maintains strong financial health with remarkable gross profit margins of 82%. Following this transaction, Reiss holds 24,733 shares directly. Additionally, Reiss maintains ownership of 6,359 restricted stock units. This transaction reflects a strategic financial move by a key executive at the Bethesda, Maryland-based hotel giant, which currently commands a market capitalization of $76.3 billion. While the stock appears to be trading near its InvestingPro Fair Value, investors should note that management has been actively buying back shares, one of 13 key insights available through InvestingPro’s comprehensive analysis tools.
In other recent news, Marriott International reported its fourth-quarter 2024 earnings, which exceeded analysts’ expectations with an earnings per share (EPS) of $2.45 and revenue of $6.43 billion. This performance surpassed the forecasted EPS of $2.37 and revenue of $6.37 billion, indicating strong operational results. Stifel analysts responded by raising their price target for Marriott shares from $283 to $295, maintaining a Hold rating. The company’s adjusted Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) also exceeded expectations, reaching $1,286 million.
Meanwhile, Mizuho (NYSE:MFG) Securities increased Marriott’s stock price target from $246 to $293, keeping a Neutral rating. The firm considered the company’s earnings algorithm and projected growth, noting potential impacts from MGM room additions and other factors. On the other hand, Marriott Vacations Worldwide received a reaffirmed Buy rating from Truist Securities, with a price target of $142, despite concerns over its stock underperformance compared to peers. Truist highlighted the fixed nature of timeshare fees paid to Marriott International, which are expected to remain stable.
These developments reflect a series of strategic and financial adjustments by Marriott and its associated entities, aiming to bolster investor confidence and optimize future performance.
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