Tokio Marine Asset Management Co. Ltd. Boosts Holdings in Marriott International, Inc. (NASDAQ:MAR)

Tokio Marine Asset Management Co. Ltd. boosted its position in shares of Marriott International, Inc. (NASDAQ:MAR) by 2.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,653 shares of the company’s stock after purchasing an additional 182 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Marriott International were worth $2,135,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Czech National Bank grew its position in shares of Marriott International by 4.1% during the third quarter. Czech National Bank now owns 47,599 shares of the company’s stock worth $11,833,000 after buying an additional 1,879 shares in the last quarter. Quent Capital LLC grew its holdings in Marriott International by 66.4% during the 3rd quarter. Quent Capital LLC now owns 1,030 shares of the company’s stock worth $256,000 after acquiring an additional 411 shares in the last quarter. Handelsbanken Fonder AB increased its position in shares of Marriott International by 5.4% in the 3rd quarter. Handelsbanken Fonder AB now owns 68,553 shares of the company’s stock worth $17,042,000 after purchasing an additional 3,534 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Marriott International by 9.4% during the third quarter. GAMMA Investing LLC now owns 2,410 shares of the company’s stock worth $599,000 after purchasing an additional 207 shares during the last quarter. Finally, Miracle Mile Advisors LLC grew its stake in Marriott International by 10.1% in the third quarter. Miracle Mile Advisors LLC now owns 3,027 shares of the company’s stock worth $752,000 after purchasing an additional 278 shares in the last quarter. Institutional investors and hedge funds own 70.70% of the company’s stock.

Marriott International Price Performance

Marriott International stock opened at $290.59 on Monday. Marriott International, Inc. has a 12-month low of $204.55 and a 12-month high of $295.45. The stock has a market capitalization of $80.75 billion, a PE ratio of 30.40, a price-to-earnings-growth ratio of 4.65 and a beta of 1.57. The firm has a 50 day simple moving average of $283.06 and a 200-day simple moving average of $259.02.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings results on Monday, November 4th. The company reported $2.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.31 by ($0.05). Marriott International had a net margin of 11.18% and a negative return on equity of 177.91%. The firm had revenue of $6.26 billion for the quarter, compared to analyst estimates of $6.27 billion. During the same quarter last year, the business posted $2.11 earnings per share. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. 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 declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Thursday, November 21st were issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date was Thursday, November 21st. Marriott International’s payout ratio is 26.36%.

Insider Transactions at Marriott International

In other Marriott International news, CEO Anthony Capuano sold 8,332 shares of the company’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $284.49, for a total transaction of $2,370,370.68. Following the completion of the sale, the chief executive officer now directly owns 108,361 shares of the company’s stock, valued at approximately $30,827,620.89. This represents a 7.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Felitia Lee sold 916 shares of Marriott International 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 completion of the transaction, the chief accounting officer now directly owns 5,609 shares in the company, valued at approximately $1,550,776.32. This trade represents a 14.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 13,815 shares of company stock valued at $3,919,739 in the last quarter. Insiders own 12.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Bank of America increased their target price on Marriott International from $275.00 to $300.00 and gave the stock a “buy” rating in a report on Monday, October 21st. JPMorgan Chase & Co. lifted 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. Sanford C. Bernstein raised their price target on shares of Marriott International from $262.00 to $290.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 5th. Argus boosted their price objective on shares of Marriott International from $300.00 to $330.00 and gave the company a “buy” rating in a research report on Thursday, January 16th. Finally, BMO Capital Markets raised their target price on shares of Marriott International from $255.00 to $265.00 and gave the stock a “market perform” rating in a report on Tuesday, November 5th. Fourteen analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Marriott International has an average rating of “Hold” and an average target price of $272.15.

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.