Sumitomo Mitsui Trust Group Inc. Has $134.71 Million Position in Marriott International, Inc. (NASDAQ:MAR)

Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 0.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 565,530 shares of the company's stock after buying an additional 5,143 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.20% of Marriott International worth $134,709,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Patron Partners LLC grew its holdings in Marriott International by 5.4% during the first quarter. Patron Partners LLC now owns 3,853 shares of the company's stock worth $918,000 after buying an additional 196 shares in the last quarter. Vista Investment Partners II LLC boosted its holdings in Marriott International by 22.5% during the 1st quarter. Vista Investment Partners II LLC now owns 7,199 shares of the company's stock worth $1,715,000 after acquiring an additional 1,322 shares during the last quarter. Kessler Investment Group LLC bought a new stake in shares of Marriott International in the 1st quarter worth $277,000. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Marriott International by 19.6% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 92,520 shares of the company's stock valued at $20,914,000 after purchasing an additional 15,168 shares in the last quarter. Finally, Lafayette Investments Inc. boosted its holdings in Marriott International by 3.3% during the first quarter. Lafayette Investments Inc. now owns 1,804 shares of the company's stock worth $430,000 after purchasing an additional 58 shares during the last quarter. 70.70% of the stock is currently owned by institutional investors and hedge funds.

Marriott International Trading Up 1.4%

Shares of MAR stock opened at $273.47 on Friday. Marriott International, Inc. has a 12 month low of $204.55 and a 12 month high of $307.52. The stock has a market capitalization of $74.90 billion, a P/E ratio of 31.15, a PEG ratio of 3.38 and a beta of 1.42. The firm's 50 day moving average is $257.62 and its 200 day moving average is $262.93.

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

Marriott International Increases Dividend

The business also recently declared 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 is Friday, May 23rd. This is a boost from Marriott International's previous quarterly dividend of $0.63. This represents a $2.68 annualized dividend and a dividend yield of 0.98%. Marriott International's dividend payout ratio is currently 30.52%.

Wall Street Analyst Weigh In

Several equities analysts have commented on MAR shares. Dbs Bank raised shares of Marriott International from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, May 14th. Jefferies Financial Group upgraded Marriott International from a "hold" rating to a "buy" rating and lifted their price target for the stock from $226.00 to $303.00 in a report on Monday, May 12th. The Goldman Sachs Group restated a "neutral" rating and issued a $245.00 price objective (down previously from $313.00) on shares of Marriott International in a research note on Monday, April 14th. JPMorgan Chase & Co. began coverage on Marriott International in a research note on Monday, June 23rd. They set a "neutral" rating and a $284.00 target price on the stock. Finally, Truist Financial reduced their price target on shares of Marriott International from $300.00 to $273.00 and set a "hold" rating for the company in a research report on Friday, May 30th. Thirteen equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, Marriott International currently has a consensus rating of "Moderate Buy" and a consensus price target of $275.90.

Insider Transactions at Marriott International

In related news, CEO Anthony Capuano sold 12,000 shares of the stock in a transaction on Friday, May 30th. The stock was sold at an average price of $263.90, for a total value of $3,166,800.00. Following the sale, the chief executive officer now owns 124,067 shares in the company, valued at approximately $32,741,281.30. This trade represents a 8.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Rajeev Menon sold 2,500 shares of the company's stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $268.28, for a total value of $670,700.00. Following the completion of the transaction, the insider now owns 5,706 shares in the company, valued at $1,530,805.68. This represents a 30.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 15,500 shares of company stock valued at $4,107,710. 10.68% of the stock is currently owned by corporate insiders.

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.

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