Mizuho Securities Co. Ltd. Makes New Investment in Marriott International, Inc. (NASDAQ:MAR)

Mizuho Securities Co. Ltd. bought a new position in shares of Marriott International, Inc. (NASDAQ:MAR) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 280 shares of the company’s stock, valued at approximately $70,000.

Several other hedge funds have also modified their holdings of MAR. Quent Capital LLC lifted its stake in Marriott International by 7.9% in the 1st quarter. Quent Capital LLC now owns 644 shares of the company’s stock valued at $162,000 after buying an additional 47 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in Marriott International by 81.2% in the 1st quarter. Russell Investments Group Ltd. now owns 70,594 shares of the company’s stock valued at $17,816,000 after buying an additional 31,629 shares in the last quarter. Avantax Advisory Services Inc. raised its holdings in Marriott International by 37.7% in the 1st quarter. Avantax Advisory Services Inc. now owns 11,775 shares of the company’s stock valued at $2,971,000 after acquiring an additional 3,221 shares during the last quarter. Bleakley Financial Group LLC raised its holdings in Marriott International by 8.4% in the 1st quarter. Bleakley Financial Group LLC now owns 5,424 shares of the company’s stock valued at $1,368,000 after acquiring an additional 419 shares during the last quarter. Finally, Sheets Smith Wealth Management acquired a new stake in shares of Marriott International during the 1st quarter worth approximately $210,000. 70.70% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MAR has been the subject of several research reports. Robert W. Baird lifted their target price on shares of Marriott International from $258.00 to $264.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Marriott International from $222.00 to $216.00 and set a “hold” rating for the company in a report on Thursday, August 1st. Wells Fargo & Company raised their price target on shares of Marriott International from $238.00 to $261.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 22nd. Bank of America raised their price target on shares of Marriott International from $275.00 to $300.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Finally, Barclays raised their price target on shares of Marriott International from $240.00 to $249.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 5th. Thirteen analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $259.00.

Insider Activity

In other news, EVP Benjamin T. Breland sold 500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $274.49, for a total transaction of $137,245.00. Following the completion of the transaction, the executive vice president now directly owns 12,286 shares of the company’s stock, valued at $3,372,384.14. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Marriott International news, CAO Felitia Lee sold 916 shares of the business’s stock in a transaction dated 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 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Benjamin T. Breland sold 500 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $274.49, for a total value of $137,245.00. Following the sale, the executive vice president now owns 12,286 shares in the company, valued at approximately $3,372,384.14. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 12.32% of the stock is currently owned by company insiders.

Marriott International Stock Up 0.9 %

Shares of NASDAQ:MAR traded up $2.49 during trading on Wednesday, reaching $288.51. The stock had a trading volume of 217,256 shares, compared to its average volume of 1,468,743. Marriott International, Inc. has a 52 week low of $199.98 and a 52 week high of $288.60. The firm has a market capitalization of $80.17 billion, a price-to-earnings ratio of 30.15, a P/E/G ratio of 5.63 and a beta of 1.58. The stock has a fifty day simple moving average of $253.37 and a two-hundred day simple moving average of $240.86.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings results on Monday, November 4th. The company reported $2.26 earnings per share for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.05). The business had revenue of $6.26 billion for the quarter, compared to analyst estimates of $6.27 billion. Marriott International had a negative return on equity of 177.91% and a net margin of 11.18%. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.11 EPS. On average, analysts forecast that Marriott International, Inc. will post 9.26 EPS for the current year.

Marriott International Announces Dividend

The business also recently declared 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 0.87%. Marriott International’s dividend payout ratio (DPR) is presently 26.36%.

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.