Tokio Marine Asset Management Co. Ltd. Acquires 339 Shares of Marriott International, Inc. (NASDAQ:MAR)

Tokio Marine Asset Management Co. Ltd. boosted its stake in shares of Marriott International, Inc. (NASDAQ:MAR) by 4.8% during the 3rd quarter, Holdings Channel.com reports. The firm owned 7,471 shares of the company’s stock after buying an additional 339 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Marriott International were worth $1,857,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the stock. JPMorgan Chase & Co. grew its stake in shares of Marriott International by 1.8% during the 1st quarter. JPMorgan Chase & Co. now owns 10,616,899 shares of the company’s stock valued at $2,678,750,000 after acquiring an additional 192,652 shares during the period. Capital International Investors boosted its position in shares of Marriott International by 4.7% in the first quarter. Capital International Investors now owns 3,296,879 shares of the company’s stock worth $831,836,000 after purchasing an additional 149,378 shares during the period. National Pension Service raised its position in shares of Marriott International by 11.6% during the 3rd quarter. National Pension Service now owns 719,613 shares of the company’s stock valued at $178,896,000 after purchasing an additional 74,832 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Marriott International by 5.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 679,757 shares of the company’s stock valued at $164,355,000 after buying an additional 33,149 shares in the last quarter. Finally, First Pacific Advisors LP boosted its holdings in Marriott International by 2.1% in the 2nd quarter. First Pacific Advisors LP now owns 613,205 shares of the company’s stock worth $148,255,000 after buying an additional 12,499 shares during the period. Institutional investors own 70.70% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on MAR shares. JPMorgan Chase & Co. upped their price objective on Marriott International from $235.00 to $255.00 and gave the stock a “neutral” rating in a research note on Friday, July 19th. BMO Capital Markets upped their price target on Marriott International from $255.00 to $265.00 and gave the stock a “market perform” rating in a research note on Tuesday, November 5th. Morgan Stanley lowered their target price on shares of Marriott International from $268.00 to $250.00 and set an “overweight” rating on the stock in a report on Tuesday, August 6th. Barclays lifted their price target on shares of Marriott International from $240.00 to $249.00 and gave the company an “equal weight” rating in a report on Tuesday, November 5th. Finally, UBS Group dropped their price objective on shares of Marriott International from $267.00 to $244.00 and set a “neutral” rating for the company in a report on Tuesday, August 13th. Thirteen analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, Marriott International currently has a consensus rating of “Hold” and a consensus target price of $259.00.

Marriott International Trading Down 1.6 %

Shares of NASDAQ:MAR opened at $282.02 on Friday. Marriott International, Inc. has a 12 month low of $200.94 and a 12 month high of $289.04. The company has a market capitalization of $78.37 billion, a price-to-earnings ratio of 29.50, a PEG ratio of 5.63 and a beta of 1.58. The firm’s 50-day moving average is $254.51 and its 200 day moving average is $241.18.

Marriott International (NASDAQ:MAR) last released its earnings results on Monday, November 4th. The company reported $2.26 EPS for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.05). Marriott International had a net margin of 11.18% and a negative return on equity of 177.91%. The business had revenue of $6.26 billion for the quarter, compared to the consensus estimate of $6.27 billion. During the same period in the prior year, the company posted $2.11 EPS. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. As a group, equities analysts forecast that Marriott International, Inc. will post 9.26 EPS for the current fiscal year.

Marriott International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Thursday, November 21st will be paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date of this dividend is Thursday, November 21st. Marriott International’s dividend payout ratio is currently 26.36%.

Insider Transactions at Marriott International

In other Marriott International news, CEO Anthony Capuano sold 8,332 shares of Marriott International stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $284.49, for a total transaction of $2,370,370.68. Following the completion of the sale, the chief executive officer now directly owns 108,361 shares of the company’s stock, valued at $30,827,620.89. The trade was a 7.14 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Kathleen K. Oberg sold 2,360 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $285.41, for a total value of $673,567.60. Following the transaction, the chief financial officer now directly owns 39,726 shares in the company, valued at $11,338,197.66. The trade was a 5.61 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 12,108 shares of company stock worth $3,434,439. Insiders own 12.32% of the company’s stock.

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, City Express by Marriott, and St.