Marriott International, Inc. (NASDAQ:MAR) Stake Boosted by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. boosted its stake in shares of Marriott International, Inc. (NASDAQ:MAR) by 1.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 90,790 shares of the company’s stock after buying an additional 1,707 shares during the period. Asset Management One Co. Ltd.’s holdings in Marriott International were worth $25,753,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of MAR. PointState Capital LP acquired a new position in shares of Marriott International in the 3rd quarter valued at about $98,249,000. Canoe Financial LP bought a new stake in shares of Marriott International in the 3rd quarter valued at approximately $77,331,000. International Assets Investment Management LLC boosted its position in shares of Marriott International by 15,148.3% in the third quarter. International Assets Investment Management LLC now owns 302,527 shares of the company’s stock valued at $75,208,000 after acquiring an additional 300,543 shares during the period. Assenagon Asset Management S.A. boosted its position in shares of Marriott International by 341.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 381,226 shares of the company’s stock valued at $106,339,000 after acquiring an additional 294,898 shares during the period. Finally, Mizuho Securities USA LLC boosted its position in shares of Marriott International by 629.7% in the third quarter. Mizuho Securities USA LLC now owns 134,973 shares of the company’s stock valued at $33,554,000 after acquiring an additional 116,477 shares during the period. Institutional investors and hedge funds own 70.70% of the company’s stock.

Marriott International Stock Down 1.6 %

Marriott International stock opened at $283.52 on Friday. The business’s 50-day simple moving average is $284.30 and its 200 day simple moving average is $262.26. The stock has a market cap of $78.79 billion, a price-to-earnings ratio of 29.66, a P/E/G ratio of 4.88 and a beta of 1.57. Marriott International, Inc. has a 12-month low of $204.55 and a 12-month high of $307.52.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings results 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 177.91% and a net margin of 11.18%. As a group, sell-side analysts expect that Marriott International, Inc. will post 9.26 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. Shareholders of record on Thursday, February 27th will be issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date is Thursday, February 27th. Marriott International’s dividend payout ratio (DPR) is currently 26.36%.

Insiders Place Their Bets

In other Marriott International news, insider William P. Brown sold 1,707 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $284.30, for a total transaction of $485,300.10. Following the transaction, the insider now owns 23,077 shares in the company, valued at approximately $6,560,791.10. This trade represents a 6.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 12.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on MAR. Truist Financial increased their price objective on Marriott International from $277.00 to $308.00 and gave the company a “hold” rating in a research report on Wednesday. Stifel Nicolaus upped their target price on Marriott International from $252.00 to $283.00 and gave the company a “hold” rating in a research note on Tuesday, November 26th. The Goldman Sachs Group upped their target price on Marriott International from $280.00 to $314.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. UBS Group upped their target price on Marriott International from $294.00 to $301.00 and gave the company a “neutral” rating in a research note on Wednesday. Finally, Wells Fargo & Company upped their target price on Marriott International from $262.00 to $285.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 4th. Thirteen research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $284.45.

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.