Marriott International, Inc. (NASDAQ:MAR) Shares Acquired by Mizuho Securities Co. Ltd.

Mizuho Securities Co. Ltd. lifted its holdings in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 521.4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,740 shares of the company's stock after acquiring an additional 1,460 shares during the period. Marriott International makes up about 7.4% of Mizuho Securities Co. Ltd.'s investment portfolio, making the stock its 4th biggest position. Mizuho Securities Co. Ltd.'s holdings in Marriott International were worth $488,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in MAR. TIAA Trust National Association raised its stake in 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 acquiring an additional 394 shares in the last quarter. Modern Wealth Management LLC acquired a new stake in shares of Marriott International during the 4th quarter worth about $243,000. Congress Wealth Management LLC DE lifted its holdings in Marriott International by 17.4% during the 4th quarter. Congress Wealth Management LLC DE now owns 5,652 shares of the company's stock valued at $1,577,000 after purchasing an additional 839 shares during the last quarter. LPL Financial LLC boosted its position in Marriott International by 6.3% in the fourth quarter. LPL Financial LLC now owns 176,805 shares of the company's stock valued at $49,318,000 after buying an additional 10,456 shares in the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of Marriott International during the fourth quarter worth approximately $23,281,000. Institutional investors own 70.70% of the company's stock.

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Marriott International Trading Down 3.0 %

Shares of NASDAQ MAR traded down $7.44 during midday trading on Friday, reaching $237.01. The company's stock had a trading volume of 1,570,675 shares, compared to its average volume of 1,501,473. The stock has a 50 day simple moving average of $272.32 and a 200-day simple moving average of $270.62. The stock has a market capitalization of $65.34 billion, a price-to-earnings ratio of 28.49, a PEG ratio of 3.42 and a beta of 1.58. Marriott International, Inc. has a fifty-two week low of $204.55 and a fifty-two week high of $307.52.

Marriott International (NASDAQ:MAR - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The company reported $2.45 EPS 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 analysts anticipate that Marriott International, Inc. will post 10.1 EPS for the current year.

Marriott International Dividend Announcement

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 issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date of this dividend is Thursday, February 27th. Marriott International's payout ratio is presently 30.29%.

Analyst Ratings Changes

A number of equities research analysts recently commented on MAR shares. Evercore ISI upgraded Marriott International from an "in-line" rating to an "outperform" rating and set a $330.00 price target on the stock in a research report on Tuesday, February 4th. Truist Financial lowered their target price on Marriott International from $308.00 to $300.00 and set a "hold" rating for the company in a research note on Friday, March 21st. JPMorgan Chase & Co. increased their price objective on shares of Marriott International from $251.00 to $269.00 and gave the stock a "neutral" rating in a report on Friday, December 13th. Jefferies Financial Group boosted their target price on shares of Marriott International from $251.00 to $295.00 and gave the stock a "hold" rating in a research note on Thursday, January 2nd. Finally, Morgan Stanley raised their price target on shares of Marriott International from $289.00 to $298.00 and gave the company an "overweight" rating in a report on Tuesday, March 4th. Thirteen equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $286.05.

Insider Activity at Marriott International

In other Marriott International 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 transaction of $3,610,934.46. Following the completion of the sale, the insider now directly owns 30,919 shares in the company, valued at $8,831,393.97. This trade represents a 29.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Rena Hozore Reiss sold 3,500 shares of the business's stock in a transaction on Friday, February 21st. The shares were 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 owns 24,733 shares of the company's stock, valued at $7,089,714.45. This trade represents a 12.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 31,694 shares of company stock worth $8,938,132. Company insiders own 12.32% of the company's stock.

Marriott International Company 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.