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Susan C. Schwab, a director at Marriott International Inc. (NASDAQ:MAR), recently sold 1,053 shares of Class A Common Stock. The shares were sold at an average price of $277.48 each, amounting to a total transaction value of $292,331. Following this sale, Schwab retains ownership of 4,551 shares in the company. According to InvestingPro data, while this insider sold shares, management has been actively buying back company stock, and the stock currently trades above its Fair Value.
Marriott International, a global leader in the hospitality industry, is headquartered in Bethesda, Maryland. The company continues to be a significant player in the hotels and motels sector, boasting an impressive 82% gross profit margin and maintaining strong financial health with a market capitalization of $77.6 billion. InvestingPro analysis reveals 13 additional key insights about Marriott’s performance and outlook, available to subscribers.
In other recent news, Marriott International reported its fourth-quarter 2024 earnings, surpassing analysts’ expectations with an earnings per share (EPS) of $2.45, which exceeded the forecast of $2.37. The company’s revenue also outperformed projections, reaching $6.43 billion compared to the anticipated $6.37 billion. Analysts from Stifel raised their price target for Marriott to $295 from $283, maintaining a Hold rating, following these strong financial results. Mizuho (NYSE:MFG) Securities also adjusted its stance on Marriott, increasing the stock’s price target to $293 from $246, while keeping a Neutral rating.
Marriott’s positive earnings were attributed to higher franchise fees and reduced Selling, General, and Administrative expenses. Despite these robust financial outcomes, the company faces some challenges, such as a projected decline in residential branding fees and foreign exchange headwinds. Marriott Vacations Worldwide, a separate entity, is expected to maintain flat timeshare fees at approximately $110 million for 2025, according to Truist Securities, which reaffirmed its Buy rating and $142 price target on the company.
Marriott International also highlighted plans for expansion, projecting a net rooms increase of 4-5% in 2025. The company is focusing on growing its luxury portfolio and advancing digital transformation efforts. These developments reflect Marriott’s strategic initiatives to enhance its market position and financial performance in the coming years.
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