Daiwa Securities Group Inc. Has $8.47 Million Stock Holdings in Marriott International, Inc. (NASDAQ:MAR)

Daiwa Securities Group Inc. lessened its position in Marriott International, Inc. (NASDAQ:MAR) by 13.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 37,543 shares of the company’s stock after selling 5,860 shares during the period. Daiwa Securities Group Inc.’s holdings in Marriott International were worth $8,466,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in MAR. Parnassus Investments LLC acquired a new position in Marriott International during the 3rd quarter worth about $481,621,000. Norges Bank acquired a new position in Marriott International during the 4th quarter worth about $326,980,000. Arrowstreet Capital Limited Partnership lifted its position in Marriott International by 1,066.7% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,157,619 shares of the company’s stock worth $379,202,000 after buying an additional 1,972,684 shares in the last quarter. Morgan Stanley lifted its position in Marriott International by 52.7% during the 4th quarter. Morgan Stanley now owns 4,811,245 shares of the company’s stock worth $716,346,000 after buying an additional 1,659,637 shares in the last quarter. Finally, FMR LLC lifted its position in Marriott International by 16.1% during the 3rd quarter. FMR LLC now owns 8,634,610 shares of the company’s stock worth $1,697,219,000 after buying an additional 1,194,665 shares in the last quarter. Institutional investors and hedge funds own 70.70% of the company’s stock.

Insider Transactions at Marriott International

In other news, EVP Rena Hozore Reiss sold 3,563 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $240.39, for a total transaction of $856,509.57. Following the completion of the transaction, the executive vice president now directly owns 36,778 shares of the company’s stock, valued at approximately $8,841,063.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Marriott International news, EVP Rena Hozore Reiss sold 3,563 shares of Marriott International stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $240.39, for a total transaction of $856,509.57. Following the completion of the transaction, the executive vice president now directly owns 36,778 shares of the company’s stock, valued at $8,841,063.42. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Eric Hippeau sold 1,400 shares of Marriott International stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $251.19, for a total transaction of $351,666.00. Following the transaction, the director now directly owns 72 shares of the company’s stock, valued at $18,085.68. The disclosure for this sale can be found here. Insiders sold 125,003 shares of company stock valued at $30,435,493 in the last ninety days. 12.32% of the stock is currently owned by corporate insiders.

Marriott International Stock Performance

Shares of MAR stock opened at $236.30 on Friday. The company has a market capitalization of $68.28 billion, a P/E ratio of 23.19, a price-to-earnings-growth ratio of 1.73 and a beta of 1.62. The company’s 50 day moving average price is $248.53 and its two-hundred day moving average price is $225.12. Marriott International, Inc. has a 52 week low of $162.77 and a 52 week high of $260.57.

Marriott International (NASDAQ:MAR) last announced its earnings results on Tuesday, February 13th. The company reported $3.57 EPS for the quarter, topping the consensus estimate of $2.12 by $1.45. The firm had revenue of $6.10 billion for the quarter, compared to the consensus estimate of $6.20 billion. Marriott International had a net margin of 13.00% and a negative return on equity of 848.49%. The business’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period last year, the company posted $1.96 EPS. Analysts forecast that Marriott International, Inc. will post 9.46 earnings per share for the current year.

Marriott International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Thursday, February 22nd were paid a dividend of $0.52 per share. The ex-dividend date of this dividend was Wednesday, February 21st. This represents a $2.08 annualized dividend and a dividend yield of 0.88%. Marriott International’s dividend payout ratio is currently 20.41%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. UBS Group upped their price target on shares of Marriott International from $210.00 to $259.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 28th. Truist Financial boosted their price objective on Marriott International from $233.00 to $263.00 and gave the stock a “hold” rating in a report on Wednesday, February 14th. Wells Fargo & Company boosted their price objective on Marriott International from $234.00 to $250.00 and gave the stock an “equal weight” rating in a report on Monday, March 18th. Barclays boosted their price objective on Marriott International from $234.00 to $239.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 14th. Finally, Mizuho started coverage on Marriott International in a report on Tuesday, March 26th. They set a “neutral” rating and a $263.00 price objective for the company. Eleven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $236.81.

Marriott International Company Profile

Marriott International, Inc engages in operating, franchising, and licensing hotel, residential, timeshare, and other lodging properties worldwide. It operates its properties under the JW Marriott, The Ritz-Carlton, The Luxury Collection, W Hotels, St. Regis, EDITION, Bvlgari, Marriott Hotels, Sheraton, Westin, Autograph Collection, Renaissance Hotels, Le Méridien, Delta Hotels by Marriott, Tribute Portfolio, Gaylord Hotels, Design Hotels, Marriott Executive Apartments, Apartments by Marriott Bonvoy, Courtyard by Marriott, Fairfield by Marriott, Residence Inn by Marriott, SpringHill Suites by Marriott, Four Points by Sheraton, TownePlace Suites by Marriott, Aloft Hotels, AC Hotels by Marriott, Moxy Hotels, Element Hotels, Protea Hotels by Marriott, and City Express by Marriott brand names, as well as operates residences, timeshares, and yachts.