Mitsubishi UFJ Asset Management Co. Ltd. Has $106.82 Million Stock Holdings in Marriott International, Inc. (NASDAQ:MAR)

Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 7.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 388,037 shares of the company's stock after purchasing an additional 27,854 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.14% of Marriott International worth $106,819,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in MAR. Korea Investment CORP lifted its holdings in shares of Marriott International by 51.1% during the 4th quarter. Korea Investment CORP now owns 137,952 shares of the company's stock valued at $38,480,000 after acquiring an additional 46,652 shares in the last quarter. Graney & King LLC acquired a new stake in shares of Marriott International in the fourth quarter valued at about $82,000. Parametrica Management Ltd purchased a new stake in shares of Marriott International during the 4th quarter valued at about $337,000. Mizuho Securities Co. Ltd. boosted its holdings in Marriott International by 521.4% in the 4th quarter. Mizuho Securities Co. Ltd. now owns 1,740 shares of the company's stock worth $488,000 after acquiring an additional 1,460 shares during the period. Finally, TIAA Trust National Association lifted its position in shares of Marriott International by 0.8% during the fourth quarter. TIAA Trust National Association now owns 47,952 shares of the company's stock worth $13,376,000 after purchasing an additional 394 shares in the last quarter. 70.70% of the stock is owned by hedge funds and other institutional investors.

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Insiders Place Their Bets

In other news, Director Susan C. Schwab sold 1,054 shares of the business's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $277.48, for a total transaction of $292,463.92. Following the sale, the director now directly owns 4,551 shares in the company, valued at approximately $1,262,811.48. The trade was a 18.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Kathleen K. Oberg sold 14,498 shares of the business's stock in a transaction that occurred on Friday, February 21st. The stock was 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 directly owns 14,282 shares in the company, valued at $3,971,395.74. The trade was a 50.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 31,694 shares of company stock valued at $8,938,132. 12.32% of the stock is currently owned by corporate insiders.

Marriott International Stock Performance

MAR traded up $0.73 during trading hours on Monday, reaching $237.74. The company's stock had a trading volume of 741,973 shares, compared to its average volume of 1,498,621. The company's 50-day moving average is $272.32 and its 200-day moving average is $270.93. Marriott International, Inc. has a 52 week low of $204.55 and a 52 week high of $307.52. The firm has a market cap of $65.54 billion, a PE ratio of 28.62, a price-to-earnings-growth ratio of 3.42 and a beta of 1.58.

Marriott International (NASDAQ:MAR - Get Free Report) last announced 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 negative return on equity of 116.67% and a net margin of 9.46%. Equities analysts anticipate that Marriott International, Inc. will post 10.1 earnings per share for the current fiscal year.

Marriott International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders 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 dividend payout ratio is presently 30.29%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on MAR shares. Morgan Stanley raised their price objective on Marriott International from $289.00 to $298.00 and gave the company an "overweight" rating in a research note on Tuesday, March 4th. Truist Financial decreased their price target on shares of Marriott International from $308.00 to $300.00 and set a "hold" rating for the company in a research report on Friday, March 21st. 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 research note on Tuesday, February 4th. Barclays cut their target price on shares of 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. Finally, Wells Fargo & Company cut their price objective on 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. Thirteen analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Marriott International presently has a consensus rating of "Hold" and a consensus target price of $286.05.

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.