Marriott International, Inc. (NASDAQ:MAR) Shares Purchased by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. increased its stake in shares of Marriott International, Inc. (NASDAQ:MAR) by 4.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 6,425 shares of the company’s stock after acquiring an additional 256 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Marriott International were worth $1,449,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in MAR. Parnassus Investments LLC purchased a new stake in Marriott International in the third quarter valued at $481,621,000. FMR LLC lifted its position in Marriott International by 16.1% in the third quarter. FMR LLC now owns 8,634,610 shares of the company’s stock valued at $1,697,219,000 after buying an additional 1,194,665 shares during the last quarter. Jennison Associates LLC increased its position in shares of Marriott International by 34.8% during the fourth quarter. Jennison Associates LLC now owns 4,547,098 shares of the company’s stock valued at $1,025,416,000 after acquiring an additional 1,173,028 shares during the last quarter. International Assets Investment Management LLC raised its stake in shares of Marriott International by 1,487.6% in the 4th quarter. International Assets Investment Management LLC now owns 345,246 shares of the company’s stock valued at $77,856,000 after acquiring an additional 323,500 shares during the period. Finally, Raymond James & Associates lifted its holdings in shares of Marriott International by 33.0% in the 3rd quarter. Raymond James & Associates now owns 540,684 shares of the company’s stock worth $106,277,000 after acquiring an additional 134,079 shares during the last quarter. Hedge funds and other institutional investors own 70.70% of the company’s stock.

Insider Transactions at Marriott International

In related news, Director Eric Hippeau sold 1,400 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $251.19, for a total value of $351,666.00. Following the transaction, the director now owns 72 shares of the company’s stock, valued at $18,085.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, insider David S. Marriott sold 2,878 shares of the firm’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $248.94, for a total transaction of $716,449.32. Following the completion of the transaction, the insider now directly owns 596,042 shares in the company, valued at $148,378,695.48. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Eric Hippeau sold 1,400 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The shares were 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 directly owns 72 shares in the company, valued at approximately $18,085.68. The disclosure for this sale can be found here. Over the last three months, insiders have sold 125,003 shares of company stock valued at $30,435,493. Insiders own 12.32% of the company’s stock.

Marriott International Stock Up 0.6 %

Marriott International stock traded up $1.35 during trading on Friday, hitting $243.29. The stock had a trading volume of 69,128 shares, compared to its average volume of 1,432,757. Marriott International, Inc. has a 1 year low of $162.77 and a 1 year high of $260.57. The stock has a market cap of $70.30 billion, a price-to-earnings ratio of 23.74, a price-to-earnings-growth ratio of 5.44 and a beta of 1.62. The stock’s 50 day moving average is $248.38 and its two-hundred day moving average is $226.71.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings results on Tuesday, February 13th. The company reported $3.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.12 by $1.45. Marriott International had a negative return on equity of 848.49% and a net margin of 13.00%. The firm had revenue of $6.10 billion during the quarter, compared to analyst estimates of $6.20 billion. During the same quarter in the previous year, the company posted $1.96 earnings per share. The company’s revenue was up 2.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Marriott International, Inc. will post 9.46 EPS for the current fiscal year.

Marriott International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Thursday, February 22nd were given a $0.52 dividend. The ex-dividend date was Wednesday, February 21st. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.85%. Marriott International’s dividend payout ratio is currently 20.41%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on MAR shares. Jefferies Financial Group lifted their target price on Marriott International from $205.00 to $227.00 and gave the company a “hold” rating in a research report on Tuesday, January 2nd. Robert W. Baird lowered their price target on shares of Marriott International from $250.00 to $248.00 and set a “neutral” rating for the company in a report on Wednesday, February 14th. Barclays increased their price target on Marriott International from $239.00 to $240.00 and gave the stock an “equal weight” rating in a research note on Friday, April 19th. Truist Financial increased their target price on Marriott International from $233.00 to $263.00 and gave the stock a “hold” rating in a research report on Wednesday, February 14th. Finally, Argus raised their price objective on shares of Marriott International from $270.00 to $280.00 and gave the stock a “buy” rating in a report on Tuesday, March 19th. Eleven 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.com, the stock has a consensus rating of “Hold” and an average price target of $236.69.

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.