Tokio Marine Asset Management Co. Ltd. Purchases 256 Shares of Marriott International, Inc. (NASDAQ:MAR)

Tokio Marine Asset Management Co. Ltd. lifted its position in shares of Marriott International, Inc. (NASDAQ:MAR) by 4.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,425 shares of the company’s stock after buying 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.

Other institutional investors have also recently made changes to their positions in the company. Parnassus Investments LLC bought a new stake in shares of Marriott International in the third quarter worth about $481,621,000. FMR LLC raised its holdings in shares of Marriott International by 16.1% in the 3rd quarter. FMR LLC now owns 8,634,610 shares of the company’s stock valued at $1,697,219,000 after purchasing an additional 1,194,665 shares in the last quarter. Jennison Associates LLC raised its position in shares of Marriott International by 34.8% in the 4th quarter. Jennison Associates LLC now owns 4,547,098 shares of the company’s stock worth $1,025,416,000 after acquiring an additional 1,173,028 shares in the last quarter. International Assets Investment Management LLC boosted its stake in Marriott International by 1,487.6% in the fourth 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 in the last quarter. Finally, Raymond James & Associates grew its stake in shares of Marriott International by 33.0% during the third 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.

Marriott International Trading Up 0.6 %

MAR traded up $1.35 on Friday, hitting $243.29. 69,128 shares of the company’s stock were exchanged, compared to its average volume of 1,432,757. The stock has a fifty day moving average of $248.38 and a two-hundred day moving average of $226.71. The firm has a market cap of $70.30 billion, a PE ratio of 23.74, a P/E/G ratio of 5.44 and a beta of 1.62. Marriott International, Inc. has a twelve month low of $162.77 and a twelve month high of $260.57.

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

Marriott International Dividend Announcement

The firm also recently announced 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 was Wednesday, February 21st. This represents a $2.08 annualized dividend and a dividend yield of 0.85%. Marriott International’s dividend payout ratio is presently 20.41%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. UBS Group upped their target price on shares of Marriott International from $210.00 to $259.00 and gave the stock a “neutral” rating in a report on Wednesday, February 28th. Wells Fargo & Company upped their target price on shares of Marriott International from $234.00 to $250.00 and gave the stock an “equal weight” rating in a research note on Monday, March 18th. Truist Financial lifted their price target on Marriott International from $233.00 to $263.00 and gave the stock a “hold” rating in a report on Wednesday, February 14th. Argus upped their target price on shares of Marriott International from $270.00 to $280.00 and gave the company a “buy” rating in a report on Tuesday, March 19th. Finally, Robert W. Baird lowered their target price on shares of Marriott International from $250.00 to $248.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 14th. Eleven analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Marriott International presently has an average rating of “Hold” and an average target price of $236.69.

Insider Buying and Selling

In related news, EVP Rena Hozore Reiss sold 3,563 shares of the business’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $240.39, for a total transaction of $856,509.57. Following the sale, the executive vice president now owns 36,778 shares in the company, valued at approximately $8,841,063.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, EVP Rena Hozore Reiss sold 3,563 shares of the company’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $240.39, for a total value of $856,509.57. Following the sale, the executive vice president now directly owns 36,778 shares of the company’s stock, valued at approximately $8,841,063.42. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, 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 transaction of $351,666.00. Following the completion of the sale, the director now owns 72 shares of the company’s stock, valued at $18,085.68. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 125,003 shares of company stock worth $30,435,493. Company insiders own 12.32% of the company’s stock.

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