Marriott International, Inc. (NASDAQ:MAR) Position Reduced by Mizuho Securities Co. Ltd.

Mizuho Securities Co. Ltd. decreased its position in shares of Marriott International, Inc. (NASDAQ:MAR) by 90.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 280 shares of the company’s stock after selling 2,700 shares during the period. Mizuho Securities Co. Ltd.’s holdings in Marriott International were worth $63,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. FMR LLC grew its position in Marriott International by 16.1% in the third quarter. FMR LLC now owns 8,634,610 shares of the company’s stock worth $1,697,219,000 after buying an additional 1,194,665 shares during the last quarter. Morgan Stanley grew its position in Marriott International by 1.4% in the third quarter. Morgan Stanley now owns 4,711,029 shares of the company’s stock worth $926,000,000 after buying an additional 63,411 shares during the last quarter. Jennison Associates LLC grew its position in Marriott International by 34.8% during the 4th quarter. Jennison Associates LLC now owns 4,547,098 shares of the company’s stock worth $1,025,416,000 after purchasing an additional 1,173,028 shares in the last quarter. Invesco Ltd. raised its stake in Marriott International by 1.8% during the 3rd quarter. Invesco Ltd. now owns 2,734,680 shares of the company’s stock valued at $537,529,000 after purchasing an additional 48,872 shares during the period. Finally, Northern Trust Corp raised its stake in Marriott International by 0.5% during the 3rd quarter. Northern Trust Corp now owns 2,461,649 shares of the company’s stock valued at $483,862,000 after purchasing an additional 12,901 shares during the period. Institutional investors and hedge funds own 70.70% of the company’s stock.

Marriott International Price Performance

Shares of NASDAQ MAR traded up $2.28 during mid-day trading on Tuesday, hitting $239.69. The company had a trading volume of 1,194,355 shares, compared to its average volume of 1,442,333. The business’s 50-day simple moving average is $248.18 and its 200-day simple moving average is $226.48. Marriott International, Inc. has a 12 month low of $162.77 and a 12 month high of $260.57. The firm has a market cap of $69.26 billion, a P/E ratio of 23.52, a PEG ratio of 1.72 and a beta of 1.62.

Marriott International (NASDAQ:MAR) last released its earnings results on Tuesday, February 13th. The company reported $3.57 earnings per share for the quarter, beating the consensus estimate of $2.12 by $1.45. Marriott International had a net margin of 13.00% and a negative return on equity of 848.49%. The business had revenue of $6.10 billion during the quarter, compared to analysts’ expectations of $6.20 billion. During the same quarter last year, the company earned $1.96 earnings per share. The firm’s revenue was up 2.9% on a year-over-year basis. As a group, sell-side analysts predict that Marriott International, Inc. will post 9.46 EPS for the current year.

Marriott International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Thursday, February 22nd were paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date was Wednesday, February 21st. Marriott International’s dividend payout ratio is 20.41%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Wells Fargo & Company boosted their target price on shares of Marriott International from $234.00 to $250.00 and gave the company an “equal weight” rating in a research note on Monday, March 18th. BMO Capital Markets boosted their target price on shares of Marriott International from $230.00 to $235.00 and gave the company a “market perform” rating in a research note on Wednesday, February 14th. Mizuho dropped their price target on shares of Marriott International from $263.00 to $260.00 and set a “neutral” rating on the stock in a research note on Tuesday. Argus upped their price target on shares of Marriott International from $270.00 to $280.00 and gave the stock a “buy” rating in a research note on Tuesday, March 19th. Finally, Truist Financial upped their price target on shares of Marriott International from $233.00 to $263.00 and gave the stock a “hold” rating in a research note on Wednesday, February 14th. Eleven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $236.69.

Insiders Place Their Bets

In other news, EVP Rena Hozore Reiss sold 3,563 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $240.39, for a total transaction of $856,509.57. Following the completion of the sale, the executive vice president now owns 36,778 shares of the company’s stock, valued at $8,841,063.42. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, EVP Rena Hozore Reiss sold 3,563 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $240.39, for a total transaction of $856,509.57. Following the completion of the sale, the executive vice president now owns 36,778 shares of the company’s stock, valued at $8,841,063.42. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Satyajit Anand sold 2,749 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $251.93, for a total transaction of $692,555.57. Following the sale, the insider now directly owns 24,478 shares of the company’s stock, valued at approximately $6,166,742.54. The disclosure for this sale can be found here. Insiders sold a total of 125,003 shares of company stock worth $30,435,493 over the last quarter. Company insiders own 10.07% of the company’s stock.

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, and City Express by Marriott brand names, as well as operates residences, timeshares, and yachts.