Nissay Asset Management Corp Japan ADV Purchases 5,482 Shares of Marriott International, Inc. $MAR

Key Points

• Nissay Asset Management Corp Japan ADV increased its stake in Marriott International by 9.5%, acquiring an additional 5,482 shares, bringing its total holdings to 62,995 shares valued at approximately $15 million.
• Marriott International recently announced a quarterly dividend of $0.67 per share, reflecting a 1.0% dividend yield, and initiated a share buyback program for 25 million shares.
• Wall Street analysts currently have a consensus rating of "Moderate Buy" for Marriott stock, with a consensus price target of $281.26, amidst varying ratings from different financial institutions.

Nissay Asset Management Corp Japan ADV raised its holdings in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 9.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 62,995 shares of the company's stock after acquiring an additional 5,482 shares during the quarter. Nissay Asset Management Corp Japan ADV's holdings in Marriott International were worth $15,005,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of MAR. CreativeOne Wealth LLC lifted its holdings in shares of Marriott International by 2.1% during the 1st quarter. CreativeOne Wealth LLC now owns 1,831 shares of the company's stock valued at $436,000 after purchasing an additional 38 shares in the last quarter. Motley Fool Asset Management LLC lifted its holdings in shares of Marriott International by 0.3% during the 1st quarter. Motley Fool Asset Management LLC now owns 12,824 shares of the company's stock valued at $3,055,000 after purchasing an additional 39 shares in the last quarter. 4J Wealth Management LLC lifted its holdings in shares of Marriott International by 3.6% during the 1st quarter. 4J Wealth Management LLC now owns 1,224 shares of the company's stock valued at $292,000 after purchasing an additional 43 shares in the last quarter. Pinnacle Wealth Planning Services Inc. lifted its holdings in shares of Marriott International by 3.5% during the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 1,259 shares of the company's stock valued at $300,000 after purchasing an additional 43 shares in the last quarter. Finally, Obsidian Personal Planning Solutions LLC lifted its stake in Marriott International by 2.2% in the 4th quarter. Obsidian Personal Planning Solutions LLC now owns 2,019 shares of the company's stock valued at $587,000 after acquiring an additional 44 shares in the last quarter. 70.70% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Marriott International

In related news, insider Rajeev Menon sold 2,500 shares of the stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $268.28, for a total transaction of $670,700.00. Following the sale, the insider owned 5,706 shares of the company's stock, valued at approximately $1,530,805.68. This represents a 30.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 10.68% of the company's stock.

Analyst Upgrades and Downgrades

MAR has been the topic of a number of analyst reports. UBS Group dropped their price objective on Marriott International from $302.00 to $299.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 21st. Truist Financial increased their price target on Marriott International from $273.00 to $278.00 and gave the company a "hold" rating in a research note on Wednesday, September 3rd. JPMorgan Chase & Co. began coverage on Marriott International in a research note on Monday, June 23rd. They issued a "neutral" rating and a $284.00 price target on the stock. Dbs Bank upgraded Marriott International from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, May 14th. Finally, Jefferies Financial Group upgraded Marriott International from a "hold" rating to a "buy" rating and increased their price target for the company from $226.00 to $303.00 in a research note on Monday, May 12th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and twelve have given a Hold rating to the company's stock. According to MarketBeat, Marriott International currently has a consensus rating of "Moderate Buy" and a consensus price target of $281.26.

Marriott International Trading Down 1.5%

Shares of NASDAQ:MAR traded down $4.07 during mid-day trading on Tuesday, hitting $264.00. 1,253,046 shares of the company traded hands, compared to its average volume of 1,078,922. The stock has a 50-day moving average price of $270.07 and a two-hundred day moving average price of $257.87. Marriott International, Inc. has a 12-month low of $205.40 and a 12-month high of $307.52. The stock has a market cap of $71.67 billion, a P/E ratio of 29.76, a P/E/G ratio of 2.64 and a beta of 1.38.

Marriott International (NASDAQ:MAR - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $2.65 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $2.65. Marriott International had a negative return on equity of 93.44% and a net margin of 9.60%.The firm had revenue of $6.74 billion during the quarter, compared to the consensus estimate of $6.66 billion. During the same quarter in the prior year, the company earned $2.50 EPS. The business's revenue for the quarter was up 4.7% on a year-over-year basis. Marriott International has set its FY 2025 guidance at 9.850-10.080 EPS. Q3 2025 guidance at 2.310-2.390 EPS. As a group, analysts expect that Marriott International, Inc. will post 10.1 earnings per share for the current year.

Marriott International announced that its board has authorized a stock repurchase plan on Thursday, August 7th that allows the company to repurchase 25,000,000 outstanding shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company's leadership believes its stock is undervalued.

Marriott International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Thursday, August 21st will be given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Thursday, August 21st. Marriott International's dividend payout ratio is currently 30.21%.

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.