Nomura Asset Management Co. Ltd. Sells 7,068 Shares of Marriott International, Inc. (NASDAQ:MAR)

Nomura Asset Management Co. Ltd. cut its position in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 4.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 166,406 shares of the company's stock after selling 7,068 shares during the period. Nomura Asset Management Co. Ltd. owned 0.06% of Marriott International worth $46,417,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on MAR shares. The Goldman Sachs Group raised their price target on shares of Marriott International from $280.00 to $314.00 and gave the company a "buy" rating in a research report on Tuesday, December 10th. Jefferies Financial Group boosted their target price on Marriott International from $251.00 to $295.00 and gave the stock a "hold" rating in a research note on Thursday, January 2nd. JPMorgan Chase & Co. lifted their price target on Marriott International from $251.00 to $269.00 and gave the stock a "neutral" rating in a report on Friday, December 13th. Susquehanna upped their price objective on Marriott International from $255.00 to $285.00 and gave the company a "neutral" rating in a research note on Wednesday, February 12th. Finally, Barclays lowered their target price on Marriott International from $287.00 to $283.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 12th. Thirteen investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Marriott International currently has a consensus rating of "Hold" and a consensus target price of $286.05.

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Marriott International Stock Up 0.5 %

Shares of NASDAQ MAR traded up $1.19 during mid-day trading on Monday, reaching $238.20. 1,948,822 shares of the company were exchanged, compared to its average volume of 1,503,255. The stock has a market capitalization of $65.67 billion, a PE ratio of 28.63, a PEG ratio of 3.42 and a beta of 1.58. Marriott International, Inc. has a 52 week low of $204.55 and a 52 week high of $307.52. The company's 50 day moving average price is $272.32 and its 200 day moving average price is $270.93.

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

Marriott International Announces Dividend

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

Insiders Place Their Bets

In other news, insider William P. Brown sold 12,642 shares of the firm's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $285.63, for a total value of $3,610,934.46. Following the transaction, the insider now owns 30,919 shares in the company, valued at approximately $8,831,393.97. This trade represents a 29.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Kathleen K. Oberg sold 14,498 shares of the company's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $278.07, for a total transaction of $4,031,458.86. Following the sale, the chief financial officer now owns 14,282 shares of the company's stock, valued at $3,971,395.74. This represents a 50.38 % 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. 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.