Resona Asset Management Co. Ltd. Invests $19.13 Million in Marriott International, Inc. (NASDAQ:MAR)

Resona Asset Management Co. Ltd. acquired a new position in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 68,421 shares of the company's stock, valued at approximately $19,132,000.

A number of other large investors have also made changes to their positions in the stock. Hopwood Financial Services Inc. bought a new stake in shares of Marriott International in the 4th quarter worth approximately $25,000. Bell Investment Advisors Inc lifted its position in Marriott International by 112.2% in the fourth quarter. Bell Investment Advisors Inc now owns 104 shares of the company's stock worth $29,000 after purchasing an additional 55 shares during the period. Sound Income Strategies LLC boosted its stake in Marriott International by 494.4% during the fourth quarter. Sound Income Strategies LLC now owns 107 shares of the company's stock worth $30,000 after buying an additional 89 shares in the last quarter. Wingate Wealth Advisors Inc. acquired a new position in shares of Marriott International in the 4th quarter valued at $33,000. Finally, ORG Partners LLC lifted its holdings in shares of Marriott International by 158.5% during the 4th quarter. ORG Partners LLC now owns 137 shares of the company's stock worth $38,000 after acquiring an additional 84 shares during the period. Institutional investors and hedge funds own 70.70% of the company's stock.

Marriott International Trading Down 0.5 %

Shares of NASDAQ MAR traded down $1.05 during mid-day trading on Friday, reaching $221.87. 535,286 shares of the company's stock were exchanged, compared to its average volume of 1,562,665. The business has a fifty day simple moving average of $259.10 and a 200 day simple moving average of $269.50. Marriott International, Inc. has a twelve month low of $204.55 and a twelve month high of $307.52. The firm has a market capitalization of $61.23 billion, a price-to-earnings ratio of 26.68, a PEG ratio of 3.42 and a beta of 1.42.

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Marriott International (NASDAQ:MAR - Get Free Report) last released its quarterly earnings results on Tuesday, February 11th. The company reported $2.45 earnings per share for the quarter, beating the consensus estimate of $2.37 by $0.08. Marriott International had a net margin of 9.46% and a negative return on equity of 116.67%. Equities research analysts predict that Marriott International, Inc. will post 10.1 earnings per share for the current fiscal year.

Marriott International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, February 27th were given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date was Thursday, February 27th. Marriott International's dividend payout ratio is currently 30.29%.

Analysts Set New Price Targets

MAR has been the subject of several recent research reports. Jefferies Financial Group dropped their price target on shares of Marriott International from $295.00 to $226.00 and set a "hold" rating for the company in a research report on Wednesday. Argus raised their target price on Marriott International from $300.00 to $330.00 and gave the stock a "buy" rating in a research report on Thursday, January 16th. Morgan Stanley upped their price target on Marriott International from $289.00 to $298.00 and gave the company an "overweight" rating in a research report on Tuesday, March 4th. Wells Fargo & Company reduced their target price on shares of Marriott International from $285.00 to $277.00 and set an "equal weight" rating on the stock in a research note on Tuesday, February 18th. Finally, UBS Group increased their target price on shares of Marriott International from $294.00 to $301.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 12th. Thirteen research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $282.60.

Insider Activity at Marriott International

In other Marriott International news, Director Susan C. Schwab sold 1,054 shares of the company's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $277.48, for a total value of $292,463.92. Following the sale, the director now owns 4,551 shares in the company, valued at $1,262,811.48. This represents a 18.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Rena Hozore Reiss sold 3,500 shares of the business's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $286.65, for a total value of $1,003,275.00. Following the transaction, the executive vice president now directly owns 24,733 shares in the company, valued at $7,089,714.45. The trade was a 12.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 31,694 shares of company stock valued at $8,938,132. 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, City Express by Marriott, and St.