Sumitomo Mitsui DS Asset Management Company Ltd Has $9.11 Million Stake in Marriott International, Inc. (NASDAQ:MAR)

Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in Marriott International, Inc. (NASDAQ:MAR) by 0.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 32,640 shares of the company’s stock after buying an additional 301 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Marriott International were worth $9,105,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MAR. Sound Income Strategies LLC lifted its stake in Marriott International by 494.4% in the fourth quarter. Sound Income Strategies LLC now owns 107 shares of the company’s stock valued at $30,000 after buying an additional 89 shares during the period. Silvant Capital Management LLC bought a new stake in shares of Marriott International in the 3rd quarter valued at $31,000. Darwin Wealth Management LLC bought a new position in Marriott International during the third quarter worth $33,000. ORG Partners LLC increased its stake in Marriott International by 158.5% in the fourth quarter. ORG Partners LLC now owns 137 shares of the company’s stock valued at $38,000 after purchasing an additional 84 shares in the last quarter. Finally, Heck Capital Advisors LLC acquired a new stake in shares of Marriott International in the 4th quarter valued at about $38,000. 70.70% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MAR has been the topic of several recent research reports. Jefferies Financial Group increased their price target on Marriott International from $251.00 to $295.00 and gave the stock a “hold” rating in a report on Thursday, January 2nd. BMO Capital Markets upped their price objective on shares of Marriott International from $255.00 to $265.00 and gave the stock a “market perform” rating in a report on Tuesday, November 5th. JPMorgan Chase & Co. lifted their price objective on shares of Marriott International from $251.00 to $269.00 and gave the company a “neutral” rating in a report on Friday, December 13th. The Goldman Sachs Group raised their price target on shares of Marriott International from $280.00 to $314.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Finally, Argus boosted their price objective on Marriott International from $300.00 to $330.00 and gave the stock a “buy” rating in a report on Thursday, January 16th. Thirteen research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $276.35.

Marriott International Stock Performance

NASDAQ MAR opened at $303.97 on Friday. The company has a market capitalization of $84.47 billion, a PE ratio of 31.80, a price-to-earnings-growth ratio of 4.68 and a beta of 1.57. Marriott International, Inc. has a 52-week low of $204.55 and a 52-week high of $307.52. The company has a 50-day simple moving average of $283.64 and a 200 day simple moving average of $260.28.

Insider Buying and Selling

In other Marriott International news, insider William P. Brown sold 1,707 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $284.30, for a total transaction of $485,300.10. Following the sale, the insider now directly owns 23,077 shares of the company’s stock, valued at $6,560,791.10. This represents a 6.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Kathleen K. Oberg sold 2,360 shares of Marriott International stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $285.41, for a total transaction of $673,567.60. Following the completion of the transaction, the chief financial officer now owns 39,726 shares of the company’s stock, 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. In the last quarter, insiders have sold 12,399 shares of company stock valued at $3,529,238. 12.32% of the stock is owned by company insiders.

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.