Sumitomo Mitsui Trust Group Inc. Increases Stock Holdings in Marriott International, Inc. (NASDAQ:MAR)

Sumitomo Mitsui Trust Group Inc. grew its stake in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 0.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 566,548 shares of the company's stock after buying an additional 2,723 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.20% of Marriott International worth $140,844,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in MAR. Patron Partners LLC increased its stake in shares of Marriott International by 18.6% in the third quarter. Patron Partners LLC now owns 3,562 shares of the company's stock worth $886,000 after buying an additional 558 shares during the period. Venturi Wealth Management LLC increased its position in shares of Marriott International by 37.5% in the third quarter. Venturi Wealth Management LLC now owns 275 shares of the company's stock valued at $68,000 after acquiring an additional 75 shares during the period. Ashton Thomas Securities LLC purchased a new stake in shares of Marriott International during the third quarter worth about $97,000. Jensen Investment Management Inc. bought a new stake in shares of Marriott International in the third quarter worth about $793,000. Finally, Baker Avenue Asset Management LP lifted its holdings in Marriott International by 174.3% in the 3rd quarter. Baker Avenue Asset Management LP now owns 20,780 shares of the company's stock worth $5,166,000 after buying an additional 13,204 shares during the period. Institutional investors own 70.70% of the company's stock.

Insider Activity

In other news, CAO Felitia Lee sold 916 shares of the business's stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $276.48, for a total transaction of $253,255.68. Following the transaction, the chief accounting officer now owns 5,609 shares of the company's stock, valued at approximately $1,550,776.32. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, EVP Benjamin T. Breland sold 500 shares of the company's stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $274.49, for a total transaction of $137,245.00. Following the transaction, the executive vice president now directly owns 12,286 shares of the company's stock, valued at approximately $3,372,384.14. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Felitia Lee sold 916 shares of the business's stock in a transaction 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 sale, the chief accounting officer now directly owns 5,609 shares in the company, valued at $1,550,776.32. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 12.32% of the company's stock.

Marriott International Trading Up 0.2 %

NASDAQ MAR traded up $0.45 on Wednesday, hitting $286.47. 1,274,018 shares of the company traded hands, compared to its average volume of 1,473,546. The business's 50 day moving average price is $253.37 and its 200-day moving average price is $240.86. The company has a market capitalization of $79.61 billion, a price-to-earnings ratio of 29.97, a P/E/G ratio of 5.63 and a beta of 1.58. Marriott International, Inc. has a 52-week low of $199.98 and a 52-week high of $289.04.

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

Marriott International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders 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 annualized dividend and a yield of 0.88%. Marriott International's payout ratio is 26.36%.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Wells Fargo & Company raised their price target on Marriott International from $238.00 to $261.00 and gave the stock an "equal weight" rating in a research note on Tuesday, October 22nd. Macquarie reiterated a "neutral" rating and set a $245.00 price target on shares of Marriott International in a research report on Tuesday, November 5th. Morgan Stanley reduced their target price on Marriott International from $268.00 to $250.00 and set an "overweight" rating on the stock in a report on Tuesday, August 6th. Evercore ISI lifted their price target on Marriott International from $245.00 to $270.00 and gave the company an "in-line" rating in a research report on Monday, October 21st. Finally, Bank of America increased their price objective on Marriott International from $275.00 to $300.00 and gave the stock a "buy" rating in a report on Monday, October 21st. Thirteen analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $259.00.

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.