Marriott International Inc (MAR) Position Lifted by Nissay Asset Management Corp Japan ADV

Nissay Asset Management Corp Japan ADV increased its holdings in Marriott International Inc (NASDAQ:MAR) by 12.5% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 83,321 shares of the company’s stock after acquiring an additional 9,248 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in Marriott International were worth $10,548,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the stock. First Personal Financial Services raised its stake in Marriott International by 17.1% during the first quarter. First Personal Financial Services now owns 3,056 shares of the company’s stock valued at $416,000 after buying an additional 447 shares in the last quarter. Dowling & Yahnke LLC raised its stake in Marriott International by 4.0% during the second quarter. Dowling & Yahnke LLC now owns 11,690 shares of the company’s stock valued at $1,480,000 after buying an additional 450 shares in the last quarter. Nicholas Hoffman & Company LLC. raised its stake in Marriott International by 30.0% during the second quarter. Nicholas Hoffman & Company LLC. now owns 2,268 shares of the company’s stock valued at $287,000 after buying an additional 523 shares in the last quarter. Abner Herrman & Brock LLC raised its stake in Marriott International by 0.3% during the second quarter. Abner Herrman & Brock LLC now owns 170,387 shares of the company’s stock valued at $21,571,000 after buying an additional 526 shares in the last quarter. Finally, Lee Financial Group Hawaii Inc. raised its stake in Marriott International by 2.3% during the second quarter. Lee Financial Group Hawaii Inc. now owns 23,657 shares of the company’s stock valued at $2,995,000 after buying an additional 542 shares in the last quarter. Institutional investors and hedge funds own 63.87% of the company’s stock.

In related news, major shareholder Juliana B. Marriott sold 4,294 shares of the stock in a transaction that occurred on Thursday, June 7th. The stock was sold at an average price of $141.49, for a total value of $607,558.06. Following the completion of the transaction, the insider now directly owns 18,000 shares of the company’s stock, valued at approximately $2,546,820. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider David S. Marriott sold 8,875 shares of the stock in a transaction that occurred on Thursday, June 7th. The stock was sold at an average price of $141.28, for a total value of $1,253,860.00. Following the completion of the transaction, the insider now directly owns 638,234 shares of the company’s stock, valued at $90,169,699.52. The disclosure for this sale can be found here. Insiders have sold 16,375 shares of company stock valued at $2,310,547 over the last ninety days. Corporate insiders own 12.99% of the company’s stock.

Several analysts have issued reports on MAR shares. Robert W. Baird restated a “hold” rating and set a $138.00 price objective on shares of Marriott International in a research note on Thursday, April 19th. Deutsche Bank restated a “hold” rating and set a $141.00 price objective on shares of Marriott International in a research note on Thursday, May 10th. Zacks Investment Research upgraded Marriott International from a “hold” rating to a “buy” rating and set a $156.00 price objective on the stock in a research note on Tuesday, May 15th. Evercore ISI upgraded Marriott International from an “in-line” rating to an “outperform” rating and upped their price objective for the company from $146.00 to $155.00 in a research note on Thursday, May 17th. Finally, Jefferies Financial Group started coverage on Marriott International in a research note on Thursday, May 31st. They set a “hold” rating and a $152.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $141.00.

NASDAQ:MAR opened at $120.43 on Thursday. The company has a market cap of $41.69 billion, a PE ratio of 27.62, a P/E/G ratio of 1.80 and a beta of 1.37. Marriott International Inc has a 52 week low of $96.90 and a 52 week high of $149.21. The company has a debt-to-equity ratio of 2.95, a current ratio of 0.48 and a quick ratio of 0.48.

Marriott International (NASDAQ:MAR) last posted its earnings results on Monday, August 6th. The company reported $1.73 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.36 by $0.37. The company had revenue of $5.35 billion during the quarter, compared to analyst estimates of $5.90 billion. Marriott International had a return on equity of 52.81% and a net margin of 7.31%. The business’s revenue was up 2.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.13 earnings per share. equities research analysts anticipate that Marriott International Inc will post 5.88 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Thursday, August 23rd will be issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 1.36%. The ex-dividend date of this dividend is Wednesday, August 22nd. Marriott International’s dividend payout ratio (DPR) is presently 37.61%.

Marriott International Company Profile

Marriott International, Inc operates, franchises, and licenses hotel, residential, and timeshare properties worldwide. The company operates through three segments: North American Full-Service, North American Limited-Service, and Asia Pacific. It operates its properties under the JW Marriott, The Ritz-Carlton, W Hotels, The Luxury Collection, St.

Read More: Fundamental Analysis and Individual Investors

Institutional Ownership by Quarter for Marriott International (NASDAQ:MAR)

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