Nomura Asset Management Co. Ltd. Acquires 2,569 Shares of Marriott International, Inc. (NASDAQ:MAR)

Nomura Asset Management Co. Ltd. grew its stake in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 1.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 173,474 shares of the company's stock after purchasing an additional 2,569 shares during the period. Nomura Asset Management Co. Ltd. owned about 0.06% of Marriott International worth $43,126,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. PointState Capital LP acquired a new stake in shares of Marriott International in the third quarter worth $98,249,000. Canoe Financial LP purchased a new stake in Marriott International in the 3rd quarter worth about $77,331,000. International Assets Investment Management LLC grew its stake in Marriott International by 15,148.3% during the 3rd quarter. International Assets Investment Management LLC now owns 302,527 shares of the company's stock valued at $75,208,000 after acquiring an additional 300,543 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in shares of Marriott International by 36,856.7% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 241,327 shares of the company's stock valued at $58,346,000 after purchasing an additional 240,674 shares during the period. Finally, AXA S.A. lifted its position in Marriott International by 133.4% in the 2nd quarter. AXA S.A. now owns 221,045 shares of the company's stock worth $53,442,000 after buying an additional 126,323 shares in the last quarter. Institutional investors and hedge funds own 70.70% of the company's stock.

Marriott International Price Performance

Shares of Marriott International stock traded up $0.70 on Tuesday, hitting $287.67. 866,702 shares of the company's stock traded hands, compared to its average volume of 1,452,852. Marriott International, Inc. has a one year low of $204.55 and a one year high of $295.45. The stock has a market capitalization of $79.94 billion, a PE ratio of 30.09, a price-to-earnings-growth ratio of 5.76 and a beta of 1.58. The firm's 50-day moving average price is $271.61 and its two-hundred day moving average price is $247.38.

Marriott International (NASDAQ:MAR - Get Free Report) last issued its earnings results on Monday, November 4th. The company reported $2.26 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.31 by ($0.05). Marriott International had a negative return on equity of 177.91% and a net margin of 11.18%. The company had revenue of $6.26 billion for the quarter, compared to the consensus estimate of $6.27 billion. During the same quarter last year, the business posted $2.11 EPS. Marriott International's quarterly revenue was up 5.5% on a year-over-year basis. On average, analysts forecast that Marriott International, Inc. will post 9.26 earnings per share for the current fiscal year.

Marriott International Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on MAR shares. Wells Fargo & Company boosted their price target on Marriott International from $238.00 to $261.00 and gave the company an "equal weight" rating in a research note on Tuesday, October 22nd. Bank of America lifted their price objective on Marriott International from $275.00 to $300.00 and gave the stock a "buy" rating in a research note on Monday, October 21st. Macquarie restated a "neutral" rating and issued a $245.00 price target on shares of Marriott International in a research report on Tuesday, November 5th. Truist Financial raised their price objective on Marriott International from $254.00 to $277.00 and gave the stock a "hold" rating in a research report on Wednesday, December 4th. Finally, 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. Fourteen equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, Marriott International has a consensus rating of "Hold" and an average price target of $263.70.

Insiders Place Their Bets

In other Marriott International news, CFO Kathleen K. Oberg sold 2,360 shares of the firm's stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $285.41, for a total transaction of $673,567.60. Following the sale, the chief financial officer now directly owns 39,726 shares in the company, valued at approximately $11,338,197.66. This trade represents a 5.61 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Felitia Lee sold 916 shares of the company's stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $276.48, for a total transaction of $253,255.68. Following the completion of the transaction, the chief accounting officer now owns 5,609 shares of the company's stock, valued at $1,550,776.32. This trade represents a 14.04 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 13,815 shares of company stock worth $3,919,739. Corporate insiders own 12.32% 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.