Daiwa Securities Group Inc. Sells 5,860 Shares of Marriott International, Inc. (NASDAQ:MAR)

Daiwa Securities Group Inc. lessened its stake in shares of Marriott International, Inc. (NASDAQ:MAR) by 13.5% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 37,543 shares of the company’s stock after selling 5,860 shares during the period. Daiwa Securities Group Inc.’s holdings in Marriott International were worth $8,466,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. DecisionPoint Financial LLC lifted its position in shares of Marriott International by 334.6% in the fourth quarter. DecisionPoint Financial LLC now owns 4,363 shares of the company’s stock worth $984,000 after buying an additional 3,359 shares in the last quarter. Lakeside Advisors INC. purchased a new stake in Marriott International during the fourth quarter valued at approximately $203,000. Financial Strategies Group Inc. purchased a new stake in Marriott International during the fourth quarter valued at approximately $204,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Marriott International by 4.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 97,134 shares of the company’s stock valued at $21,905,000 after purchasing an additional 3,742 shares during the period. Finally, Everence Capital Management Inc. raised its position in Marriott International by 11.7% during the fourth quarter. Everence Capital Management Inc. now owns 6,510 shares of the company’s stock valued at $1,468,000 after purchasing an additional 680 shares during the period. Institutional investors own 70.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on MAR. Truist Financial upped their price objective on Marriott International from $233.00 to $263.00 and gave the company a “hold” rating in a research report on Wednesday, February 14th. BMO Capital Markets increased their price target on Marriott International from $230.00 to $235.00 and gave the stock a “market perform” rating in a report on Wednesday, February 14th. Argus increased their price target on Marriott International from $270.00 to $280.00 and gave the stock a “buy” rating in a report on Tuesday, March 19th. Robert W. Baird reduced their price target on Marriott International from $250.00 to $248.00 and set a “neutral” rating on the stock in a report on Wednesday, February 14th. Finally, Mizuho started coverage on Marriott International in a report on Tuesday, March 26th. They issued a “neutral” rating and a $263.00 price target on the stock. Eleven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $236.81.

Marriott International Trading Down 0.9 %

Shares of NASDAQ MAR opened at $236.30 on Friday. The stock has a market capitalization of $68.28 billion, a PE ratio of 23.19, a price-to-earnings-growth ratio of 1.73 and a beta of 1.62. The stock’s fifty day simple moving average is $248.53 and its two-hundred day simple moving average is $225.12. Marriott International, Inc. has a 12-month low of $162.77 and a 12-month high of $260.57.

Marriott International (NASDAQ:MAR) last announced its earnings results on Tuesday, February 13th. The company reported $3.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.12 by $1.45. The business had revenue of $6.10 billion for the quarter, compared to analysts’ expectations of $6.20 billion. Marriott International had a negative return on equity of 848.49% and a net margin of 13.00%. The business’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.96 EPS. On average, equities analysts predict that Marriott International, Inc. will post 9.46 earnings per share for the current fiscal year.

Marriott International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Thursday, February 22nd were issued a dividend of $0.52 per share. The ex-dividend date of this dividend was Wednesday, February 21st. This represents a $2.08 annualized dividend and a dividend yield of 0.88%. Marriott International’s dividend payout ratio is presently 20.41%.

Insider Activity

In other news, Director Eric Hippeau sold 1,400 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $251.19, for a total transaction of $351,666.00. Following the completion of the sale, the director now owns 72 shares in the company, valued at approximately $18,085.68. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Director Eric Hippeau sold 1,400 shares of the firm’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $251.19, for a total value of $351,666.00. Following the completion of the transaction, the director now owns 72 shares in the company, valued at approximately $18,085.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Rena Hozore Reiss sold 3,563 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $240.39, for a total value of $856,509.57. Following the completion of the transaction, the executive vice president now owns 36,778 shares of the company’s stock, valued at approximately $8,841,063.42. The disclosure for this sale can be found here. In the last quarter, insiders sold 125,003 shares of company stock worth $30,435,493. Insiders own 12.32% of the company’s stock.

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, and City Express by Marriott brand names, as well as operates residences, timeshares, and yachts.