SBI Securities Co. Ltd. Purchases Shares of 3,583 Marriott International, Inc. (NASDAQ:MAR)

SBI Securities Co. Ltd. bought a new stake in Marriott International, Inc. (NASDAQ:MAR) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,583 shares of the company’s stock, valued at approximately $999,000.

Other hedge funds also recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Marriott International by 4.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,024,187 shares of the company’s stock worth $254,613,000 after purchasing an additional 46,563 shares in the last quarter. National Pension Service boosted its stake in shares of Marriott International by 11.6% in the 3rd quarter. National Pension Service now owns 719,613 shares of the company’s stock worth $178,896,000 after buying an additional 74,832 shares during the last quarter. Janus Henderson Group PLC grew its holdings in shares of Marriott International by 8.4% in the third quarter. Janus Henderson Group PLC now owns 613,052 shares of the company’s stock valued at $152,399,000 after acquiring an additional 47,551 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its holdings in Marriott International by 0.5% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 566,548 shares of the company’s stock worth $140,844,000 after acquiring an additional 2,723 shares during the period. Finally, PNC Financial Services Group Inc. boosted its position in Marriott International by 3.0% in the third quarter. PNC Financial Services Group Inc. now owns 443,103 shares of the company’s stock worth $110,156,000 after purchasing an additional 12,702 shares during the last quarter. Hedge funds and other institutional investors own 70.70% of the company’s stock.

Analyst Upgrades and Downgrades

MAR has been the topic of a number of recent analyst reports. Robert W. Baird lifted their target price on Marriott International from $258.00 to $264.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. Jefferies Financial Group lifted their price objective on shares of Marriott International from $251.00 to $295.00 and gave the stock a “hold” rating in a research report on Thursday, January 2nd. Evercore ISI upgraded shares of Marriott International from an “in-line” rating to an “outperform” rating and set a $330.00 price target for the company in a research note on Tuesday, February 4th. Susquehanna upped their price objective on Marriott International from $255.00 to $285.00 and gave the company a “neutral” rating in a research note on Wednesday, February 12th. Finally, Wells Fargo & Company decreased their target price on Marriott International from $285.00 to $277.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 18th. Thirteen equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $284.05.

Insider Buying and Selling at Marriott International

In other Marriott International news, CFO Kathleen K. Oberg sold 14,498 shares of Marriott International stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $278.07, for a total transaction of $4,031,458.86. Following the completion of the sale, the chief financial officer now owns 14,282 shares of the company’s stock, valued at $3,971,395.74. The trade was a 50.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider William P. Brown sold 12,642 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $285.63, for a total value of $3,610,934.46. Following the transaction, the insider now owns 30,919 shares in the company, valued at $8,831,393.97. This trade represents a 29.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 31,694 shares of company stock worth $8,938,132 over the last three months. 12.32% of the stock is owned by insiders.

Marriott International Price Performance

NASDAQ MAR opened at $277.72 on Tuesday. The company’s 50 day simple moving average is $283.08 and its two-hundred day simple moving average is $268.04. Marriott International, Inc. has a 1 year low of $204.55 and a 1 year high of $307.52. The stock has a market capitalization of $76.57 billion, a PE ratio of 33.38, a P/E/G ratio of 3.42 and a beta of 1.57.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings data on Tuesday, February 11th. The company reported $2.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.37 by $0.08. Marriott International had a negative return on equity of 116.67% and a net margin of 9.46%. On average, research analysts anticipate that Marriott International, Inc. will post 10.1 EPS for the current year.

Marriott International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, February 27th will be paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date is Thursday, February 27th. Marriott International’s dividend payout ratio is currently 30.29%.

Marriott International 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.