Asset Management One Co. Ltd. Has $22.84 Million Stock Position in Marriott International, Inc. (NASDAQ:MAR)

Asset Management One Co. Ltd. lifted its holdings in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 5.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 95,865 shares of the company's stock after buying an additional 5,075 shares during the period. Asset Management One Co. Ltd.'s holdings in Marriott International were worth $22,835,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Norges Bank purchased a new stake in shares of Marriott International during the 4th quarter worth approximately $580,922,000. Wellington Management Group LLP raised its holdings in Marriott International by 50.8% during the fourth quarter. Wellington Management Group LLP now owns 4,661,101 shares of the company's stock worth $1,300,168,000 after purchasing an additional 1,570,144 shares during the last quarter. GAMMA Investing LLC boosted its position in Marriott International by 23,923.3% during the first quarter. GAMMA Investing LLC now owns 731,989 shares of the company's stock worth $174,360,000 after purchasing an additional 728,942 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Marriott International in the fourth quarter valued at $165,162,000. Finally, Invesco Ltd. raised its stake in shares of Marriott International by 17.4% during the 4th quarter. Invesco Ltd. now owns 3,469,070 shares of the company's stock worth $967,662,000 after buying an additional 512,963 shares during the last quarter. 70.70% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Marriott International news, CEO Anthony Capuano sold 12,000 shares of the company's stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $263.90, for a total value of $3,166,800.00. Following the completion of the sale, the chief executive officer now directly owns 124,067 shares of the company's stock, valued at approximately $32,741,281.30. This represents a 8.82% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Rajeev Menon sold 2,500 shares of the business's stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $268.28, for a total transaction of $670,700.00. Following the completion of the sale, the insider now owns 5,706 shares in the company, valued at $1,530,805.68. The trade was a 30.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 15,500 shares of company stock valued at $4,107,710 in the last three months. 10.68% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms have weighed in on MAR. JPMorgan Chase & Co. assumed coverage on shares of Marriott International in a report on Monday. They set a "neutral" rating and a $284.00 target price for the company. Stifel Nicolaus dropped their price objective on shares of Marriott International from $295.00 to $240.00 and set a "hold" rating for the company in a research note on Wednesday, April 16th. BMO Capital Markets upped their target price on Marriott International from $250.00 to $265.00 and gave the company a "market perform" rating in a research note on Wednesday, May 7th. The Goldman Sachs Group reissued a "neutral" rating and set a $245.00 price target (down previously from $313.00) on shares of Marriott International in a research report on Monday, April 14th. Finally, Dbs Bank upgraded Marriott International from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, May 14th. Thirteen research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $275.90.

Marriott International Trading Up 1.4%

MAR traded up $3.63 during trading on Thursday, reaching $269.62. 1,242,081 shares of the company were exchanged, compared to its average volume of 1,602,036. Marriott International, Inc. has a 52 week low of $204.55 and a 52 week high of $307.52. The firm has a 50 day moving average of $255.57 and a 200 day moving average of $263.34. The stock has a market cap of $73.85 billion, a P/E ratio of 30.71, a PEG ratio of 3.32 and a beta of 1.42.

Marriott International (NASDAQ:MAR - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $2.32 EPS for the quarter, topping the consensus estimate of $2.25 by $0.07. The business had revenue of $6.26 billion during the quarter, compared to analyst estimates of $6.19 billion. Marriott International had a net margin of 9.75% and a negative return on equity of 100.64%. The company's quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.13 earnings per share. As a group, analysts forecast that Marriott International, Inc. will post 10.1 earnings per share for the current fiscal year.

Marriott International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, May 23rd will be given a dividend of $0.67 per share. The ex-dividend date of this dividend is Friday, May 23rd. This is an increase from Marriott International's previous quarterly dividend of $0.63. This represents a $2.68 annualized dividend and a dividend yield of 0.99%. Marriott International's payout ratio is currently 30.52%.

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.