Mizuho Securities USA LLC Buys 116,477 Shares of Marriott International, Inc. (NASDAQ:MAR)

Mizuho Securities USA LLC lifted its holdings in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 629.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 134,973 shares of the company's stock after purchasing an additional 116,477 shares during the quarter. Mizuho Securities USA LLC's holdings in Marriott International were worth $33,554,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Bangor Savings Bank increased its holdings in Marriott International by 131.1% in the 2nd quarter. Bangor Savings Bank now owns 104 shares of the company's stock valued at $25,000 after buying an additional 59 shares during the period. Hantz Financial Services Inc. bought a new stake in shares of Marriott International during the 2nd quarter worth $26,000. MFA Wealth Advisors LLC acquired a new stake in Marriott International in the second quarter valued at about $28,000. Silvant Capital Management LLC acquired a new position in Marriott International during the third quarter worth about $31,000. Finally, Unique Wealth Strategies LLC bought a new position in shares of Marriott International in the second quarter worth about $35,000. 70.70% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

MAR has been the subject of several research analyst reports. Bank of America upped their price target on shares of Marriott International from $275.00 to $300.00 and gave the stock a "buy" rating in a report on Monday, October 21st. Deutsche Bank Aktiengesellschaft cut their price target on Marriott International from $222.00 to $216.00 and set a "hold" rating on the stock in a research note on Thursday, August 1st. Barclays raised their price objective on shares of Marriott International from $240.00 to $249.00 and gave the company an "equal weight" rating in a report on Tuesday, November 5th. Mizuho upped their price target on shares of Marriott International from $233.00 to $246.00 and gave the company a "neutral" rating in a research report on Tuesday, November 5th. Finally, Evercore ISI lifted their price target on shares of Marriott International from $245.00 to $270.00 and gave the stock an "in-line" rating in a report on Monday, October 21st. Thirteen equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $259.00.

Insider Activity at Marriott International

In other Marriott International news, CFO Kathleen K. Oberg sold 2,360 shares of the firm's stock in a transaction on Monday, November 11th. The stock was sold at an average price of $285.41, for a total value of $673,567.60. Following the completion of the sale, the chief financial officer now directly owns 39,726 shares of the company's stock, valued at $11,338,197.66. This trade represents a 5.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Anthony Capuano sold 8,332 shares of the company's stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $284.49, for a total value of $2,370,370.68. Following the transaction, the chief executive officer now directly owns 108,361 shares in the company, valued at $30,827,620.89. This represents a 7.14 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 12,108 shares of company stock valued at $3,434,439. 12.32% of the stock is owned by insiders.

Marriott International Price Performance

Shares of NASDAQ:MAR traded down $3.24 during midday trading on Friday, hitting $278.78. 1,751,074 shares of the company's stock were exchanged, compared to its average volume of 1,474,450. The company has a market cap of $77.47 billion, a PE ratio of 29.16, a price-to-earnings-growth ratio of 5.63 and a beta of 1.58. Marriott International, Inc. has a 12 month low of $200.94 and a 12 month high of $289.04. The stock has a 50 day moving average price of $256.59 and a 200-day moving average price of $241.73.

Marriott International (NASDAQ:MAR - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $6.26 billion for the quarter, compared to analysts' expectations of $6.27 billion. During the same period in the prior year, the firm earned $2.11 earnings per share. Marriott International's revenue was up 5.5% compared to the same quarter last year. On average, analysts anticipate that Marriott International, Inc. will post 9.26 EPS for the current fiscal year.

Marriott International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Thursday, November 21st will be paid a $0.63 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.90%. Marriott International's payout ratio is presently 26.36%.

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.