Daiwa Securities Group Inc. Has $11.74 Million Position in Marriott International, Inc. (NASDAQ:MAR)

Daiwa Securities Group Inc. boosted its holdings in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 9.6% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 47,238 shares of the company's stock after purchasing an additional 4,135 shares during the quarter. Daiwa Securities Group Inc.'s holdings in Marriott International were worth $11,743,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MAR. National Pension Service grew its holdings in shares of Marriott International by 11.6% in the 3rd quarter. National Pension Service now owns 719,613 shares of the company's stock worth $178,896,000 after acquiring an additional 74,832 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Marriott International by 5.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 679,757 shares of the company's stock valued at $164,355,000 after buying an additional 33,149 shares during the period. First Pacific Advisors LP increased its stake in Marriott International by 2.1% during the second quarter. First Pacific Advisors LP now owns 613,205 shares of the company's stock worth $148,255,000 after acquiring an additional 12,499 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its holdings in Marriott International by 0.5% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 566,548 shares of the company's stock valued at $140,844,000 after buying an additional 2,723 shares during the period. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of Marriott International by 3.0% during the 3rd quarter. PNC Financial Services Group Inc. now owns 443,103 shares of the company's stock valued at $110,156,000 after acquiring an additional 12,702 shares in the last quarter. 70.70% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Barclays upped their target price on shares of Marriott International from $240.00 to $249.00 and gave the company an "equal weight" rating in a research note on Tuesday, November 5th. Morgan Stanley cut their price target on Marriott International from $268.00 to $250.00 and set an "overweight" rating on the stock in a report on Tuesday, August 6th. Macquarie reaffirmed a "neutral" rating and set a $245.00 target price on shares of Marriott International in a research note on Tuesday, November 5th. The Goldman Sachs Group initiated coverage on Marriott International in a report on Wednesday, September 18th. They set a "buy" rating and a $267.00 price target on the stock. Finally, Wells Fargo & Company increased their target price on shares of Marriott International from $238.00 to $261.00 and gave the company an "equal weight" rating in a research report on Tuesday, October 22nd. Thirteen analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Marriott International presently has a consensus rating of "Hold" and an average price target of $259.00.

Marriott International Stock Performance

Shares of Marriott International stock traded up $3.71 during trading on Monday, reaching $288.00. The company's stock had a trading volume of 1,806,804 shares, compared to its average volume of 1,467,686. The business's fifty day moving average price is $262.99 and its 200-day moving average price is $243.80. Marriott International, Inc. has a one year low of $200.94 and a one year high of $289.63. The firm has a market cap of $80.03 billion, a price-to-earnings ratio of 30.13, a price-to-earnings-growth ratio of 5.59 and a beta of 1.58.

Marriott International (NASDAQ:MAR - Get Free Report) last announced its quarterly earnings results on Monday, November 4th. The company reported $2.26 EPS for the quarter, missing the consensus estimate of $2.31 by ($0.05). Marriott International had a net margin of 11.18% and a negative return on equity of 177.91%. The company had revenue of $6.26 billion during the quarter, compared to analyst estimates of $6.27 billion. During the same period in the prior year, the firm earned $2.11 EPS. Marriott International's quarterly revenue was up 5.5% compared to the same quarter last year. Sell-side analysts anticipate that Marriott International, Inc. will post 9.26 EPS for the current year.

Marriott International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Thursday, November 21st will be given a dividend of $0.63 per share. The ex-dividend date is Thursday, November 21st. This represents a $2.52 annualized dividend and a dividend yield of 0.88%. Marriott International's payout ratio is currently 26.36%.

Insider Buying and Selling at Marriott International

In other Marriott International news, CAO Felitia Lee sold 916 shares of the stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $276.48, for a total transaction of $253,255.68. Following the transaction, the chief accounting officer now owns 5,609 shares in the company, valued at $1,550,776.32. This trade represents a 14.04 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Benjamin T. Breland sold 500 shares of the business's stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $274.49, for a total value of $137,245.00. Following the completion of the sale, the executive vice president now owns 12,286 shares of the company's stock, valued at approximately $3,372,384.14. This trade represents a 3.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 13,815 shares of company stock valued at $3,919,739. Corporate insiders own 10.07% of the company's stock.

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.