Daiwa Securities Group Inc. Grows Position in Marriott International, Inc. (NASDAQ:MAR)

Daiwa Securities Group Inc. grew its holdings in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 5.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 49,710 shares of the company's stock after purchasing an additional 2,472 shares during the quarter. Daiwa Securities Group Inc.'s holdings in Marriott International were worth $13,866,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bell Investment Advisors Inc boosted its position in shares of Marriott International by 112.2% during the 4th quarter. Bell Investment Advisors Inc now owns 104 shares of the company's stock valued at $29,000 after acquiring an additional 55 shares during the last quarter. Sound Income Strategies LLC boosted its position in shares of Marriott International by 494.4% during the 4th quarter. Sound Income Strategies LLC now owns 107 shares of the company's stock valued at $30,000 after acquiring an additional 89 shares during the last quarter. Darwin Wealth Management LLC acquired a new position in shares of Marriott International during the 3rd quarter valued at about $33,000. Wingate Wealth Advisors Inc. purchased a new stake in Marriott International in the 4th quarter valued at about $33,000. Finally, ORG Partners LLC raised its holdings in Marriott International by 158.5% in the 4th quarter. ORG Partners LLC now owns 137 shares of the company's stock valued at $38,000 after buying an additional 84 shares during the period. Institutional investors and hedge funds own 70.70% of the company's stock.

Insider Activity at Marriott International

In other news, EVP Rena Hozore Reiss sold 3,500 shares of the 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 completion of the sale, the executive vice president now directly owns 24,733 shares of the company's stock, valued at approximately $7,089,714.45. This represents a 12.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Susan C. Schwab sold 1,054 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $277.48, for a total value of $292,463.92. Following the completion of the sale, the director now directly owns 4,551 shares of the company's stock, valued at $1,262,811.48. The trade was a 18.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 31,694 shares of company stock valued at $8,938,132 over the last three months. 12.32% of the stock is owned by corporate insiders.

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Marriott International Price Performance

Shares of MAR stock traded down $6.52 during trading hours on Thursday, reaching $237.29. 2,026,458 shares of the stock were exchanged, compared to its average volume of 1,430,092. The business's fifty day moving average is $279.01 and its two-hundred day moving average is $269.24. Marriott International, Inc. has a 12-month low of $204.55 and a 12-month high of $307.52. The firm has a market capitalization of $65.42 billion, a P/E ratio of 28.52, a P/E/G ratio of 3.42 and a beta of 1.58.

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

Marriott International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, February 27th will be issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date of this dividend is Thursday, February 27th. Marriott International's dividend payout ratio (DPR) is 30.29%.

Wall Street Analysts Forecast Growth

MAR has been the topic of several research analyst reports. Evercore ISI upgraded shares of Marriott International from an "in-line" rating to an "outperform" rating and set a $330.00 price objective on the stock in a report on Tuesday, February 4th. Susquehanna boosted their price objective on shares of Marriott International from $255.00 to $285.00 and gave the company a "neutral" rating in a report on Wednesday, February 12th. Wells Fargo & Company reduced 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 report on Tuesday, February 18th. Jefferies Financial Group boosted their price objective on shares of Marriott International from $251.00 to $295.00 and gave the company a "hold" rating in a report on Thursday, January 2nd. Finally, Truist Financial boosted their price target on shares of Marriott International from $277.00 to $308.00 and gave the stock a "hold" rating in a research note on Wednesday, February 12th. Thirteen research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Marriott International has an average rating of "Hold" and an average target price of $286.45.

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, City Express by Marriott, and St.