Mizuho Securities Co. Ltd. Has $488,000 Stock Holdings in Marriott International, Inc. (NASDAQ:MAR)

Mizuho Securities Co. Ltd. grew its holdings in Marriott International, Inc. (NASDAQ:MAR) by 521.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,740 shares of the company’s stock after acquiring an additional 1,460 shares during the quarter. Marriott International accounts for about 7.4% of Mizuho Securities Co. Ltd.’s investment portfolio, making the stock its 4th largest holding. Mizuho Securities Co. Ltd.’s holdings in Marriott International were worth $488,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Raymond James Financial Inc. acquired a new position in Marriott International in the 4th quarter worth $165,162,000. PointState Capital LP acquired a new position in shares of Marriott International during the third quarter worth about $98,249,000. Proficio Capital Partners LLC grew its holdings in shares of Marriott International by 36,564.5% during the fourth quarter. Proficio Capital Partners LLC now owns 360,779 shares of the company’s stock worth $100,636,000 after buying an additional 359,795 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in Marriott International by 341.6% in the 4th 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 in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich boosted its position in Marriott International by 35,705.3% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 241,686 shares of the company’s stock worth $71,681,000 after acquiring an additional 241,011 shares during the last quarter. Institutional investors and hedge funds own 70.70% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on MAR shares. Wells Fargo & Company cut their price objective on shares of Marriott International from $285.00 to $277.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 18th. UBS Group increased their price objective on shares of Marriott International from $294.00 to $301.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 12th. Barclays dropped their target price on Marriott International from $287.00 to $283.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 12th. Truist Financial decreased their price target on Marriott International from $308.00 to $300.00 and set a “hold” rating for the company in a research note on Friday, March 21st. Finally, Susquehanna increased their price objective on Marriott International from $255.00 to $285.00 and gave the company a “neutral” rating in a report on Wednesday, February 12th. Thirteen equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $286.05.

Insider Activity at Marriott International

In related news, EVP Rena Hozore Reiss sold 3,500 shares of Marriott International stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $286.65, for a total transaction of $1,003,275.00. Following the sale, the executive vice president now directly owns 24,733 shares in the company, valued at $7,089,714.45. This trade represents a 12.40 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Kathleen K. Oberg sold 14,498 shares of the firm’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $278.07, for a total transaction of $4,031,458.86. Following the transaction, the chief financial officer now directly owns 14,282 shares of the company’s stock, valued at $3,971,395.74. The trade was a 50.38 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 31,694 shares of company stock valued at $8,938,132. 12.32% of the stock is owned by insiders.

Marriott International Stock Up 1.5 %

MAR stock opened at $246.48 on Wednesday. The company’s 50-day moving average price is $274.34 and its two-hundred day moving average price is $270.60. Marriott International, Inc. has a 12 month low of $204.55 and a 12 month high of $307.52. The firm has a market cap of $67.95 billion, a P/E ratio of 29.63, a P/E/G ratio of 3.42 and a beta of 1.58.

Marriott International (NASDAQ:MAR) last released its earnings results on Tuesday, February 11th. The company reported $2.45 earnings per share for the quarter, topping 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%. Equities analysts predict 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. Stockholders of record on Thursday, February 27th will be issued a $0.63 dividend. The ex-dividend date of this dividend is Thursday, February 27th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.02%. Marriott International’s dividend payout ratio (DPR) is currently 30.29%.

About Marriott International

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.