Marriott International, Inc. (NASDAQ:MAR) Shares Sold by Mizuho Securities USA LLC

Mizuho Securities USA LLC decreased its position in shares of Marriott International, Inc. (NASDAQ:MAR) by 18.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,152 shares of the company’s stock after selling 3,344 shares during the quarter. Mizuho Securities USA LLC’s holdings in Marriott International were worth $3,767,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of MAR. Canoe Financial LP purchased a new stake in shares of Marriott International in the third quarter valued at about $77,331,000. International Assets Investment Management LLC lifted its stake in Marriott International by 15,148.3% in the 3rd quarter. International Assets Investment Management LLC now owns 302,527 shares of the company’s stock valued at $75,208,000 after buying an additional 300,543 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in Marriott International by 36,856.7% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 241,327 shares of the company’s stock valued at $58,346,000 after buying an additional 240,674 shares during the last quarter. AXA S.A. raised its holdings in shares of Marriott International by 133.4% in the second quarter. AXA S.A. now owns 221,045 shares of the company’s stock worth $53,442,000 after acquiring an additional 126,323 shares during the last quarter. Finally, Border to Coast Pensions Partnership Ltd purchased a new stake in shares of Marriott International in the third quarter valued at $27,284,000. Institutional investors and hedge funds own 70.70% of the company’s stock.

Marriott International Stock Up 1.3 %

Marriott International stock opened at $283.23 on Friday. Marriott International, Inc. has a 52-week low of $200.94 and a 52-week high of $289.04. The firm has a fifty day moving average of $260.83 and a 200-day moving average of $243.01. The firm has a market capitalization of $78.71 billion, a P/E ratio of 29.63, a PEG ratio of 5.49 and a beta of 1.58.

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

Marriott International Dividend Announcement

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

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Robert W. Baird boosted their target price on shares of Marriott International from $258.00 to $264.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Sanford C. Bernstein boosted their price objective on shares of Marriott International from $262.00 to $290.00 and gave the company an “outperform” rating in a research report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Marriott International from $222.00 to $216.00 and set a “hold” rating for the company in a research note on Thursday, August 1st. Mizuho increased their price target on Marriott International from $233.00 to $246.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. Finally, Truist Financial lowered their price objective on Marriott International from $263.00 to $254.00 and set a “hold” rating for the company in a research report on Tuesday, August 6th. Thirteen research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $259.00.

Insider Buying and Selling at Marriott International

In other news, EVP Benjamin T. Breland sold 500 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $274.49, for a total transaction of $137,245.00. Following the completion of the transaction, the executive vice president now directly owns 12,286 shares in the company, valued at approximately $3,372,384.14. This represents a 3.91 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Kathleen K. Oberg sold 2,360 shares of Marriott International stock in a transaction on 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 sale, the chief financial officer now owns 39,726 shares of the company’s stock, valued at approximately $11,338,197.66. This trade represents a 5.61 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,108 shares of company stock valued at $3,434,439 in the last ninety days. 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.