Marriott International, Inc. (NASDAQ:MAR) Shares Purchased by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 5.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 262,583 shares of the company's stock after purchasing an additional 12,834 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.09% of Marriott International worth $57,516,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in MAR. OFI Invest Asset Management acquired a new position in shares of Marriott International in the 3rd quarter valued at $25,000. ORG Partners LLC boosted its stake in shares of Marriott International by 72.6% during the 4th quarter. ORG Partners LLC now owns 126 shares of the company's stock worth $29,000 after acquiring an additional 53 shares in the last quarter. Keener Financial Planning LLC acquired a new stake in shares of Marriott International during the 4th quarter valued at about $30,000. Anchor Investment Management LLC purchased a new position in shares of Marriott International in the 4th quarter valued at about $31,000. Finally, Wetzel Investment Advisors Inc. acquired a new position in Marriott International in the 4th quarter worth about $33,000. 70.70% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Marriott International

In other Marriott International news, CFO Kathleen K. Oberg sold 47,109 shares of the business's stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $242.71, for a total value of $11,433,825.39. Following the completion of the transaction, the chief financial officer now owns 20,036 shares in the company, valued at $4,862,937.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CFO Kathleen K. Oberg sold 47,109 shares of the company's stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $242.71, for a total transaction of $11,433,825.39. Following the completion of the transaction, the chief financial officer now directly owns 20,036 shares of the company's stock, valued at approximately $4,862,937.56. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Anthony Capuano sold 20,000 shares of the business's stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $248.48, for a total value of $4,969,600.00. Following the sale, the chief executive officer now owns 93,323 shares of the company's stock, valued at approximately $23,188,899.04. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 125,003 shares of company stock worth $30,435,493. 10.07% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Truist Financial boosted their price target on shares of Marriott International from $233.00 to $263.00 and gave the stock a "hold" rating in a report on Wednesday, February 14th. Mizuho upped their price target on shares of Marriott International from $260.00 to $265.00 and gave the stock a "neutral" rating in a research report on Thursday, May 2nd. Barclays boosted their price objective on Marriott International from $239.00 to $240.00 and gave the stock an "equal weight" rating in a research note on Friday, April 19th. Argus raised their target price on Marriott International from $270.00 to $280.00 and gave the company a "buy" rating in a research report on Tuesday, March 19th. Finally, BMO Capital Markets boosted their price target on Marriott International from $235.00 to $240.00 and gave the stock a "market perform" rating in a research report on Thursday, May 2nd. Eleven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Marriott International presently has an average rating of "Hold" and an average target price of $241.33.

Marriott International Trading Up 0.1 %

Marriott International stock traded up $0.13 during mid-day trading on Wednesday, hitting $236.00. The company's stock had a trading volume of 1,567,833 shares, compared to its average volume of 1,444,568. The stock's fifty day moving average is $245.74 and its two-hundred day moving average is $231.25. The firm has a market capitalization of $67.41 billion, a PE ratio of 24.36, a price-to-earnings-growth ratio of 4.49 and a beta of 1.61. Marriott International, Inc. has a 1 year low of $165.13 and a 1 year high of $260.57.

Marriott International (NASDAQ:MAR - Get Free Report) last released its quarterly earnings results on Wednesday, May 1st. The company reported $2.13 earnings per share for the quarter, missing analysts' consensus estimates of $2.17 by ($0.04). Marriott International had a negative return on equity of 376.88% and a net margin of 12.00%. The business had revenue of $5.98 billion for the quarter, compared to analysts' expectations of $5.95 billion. During the same quarter in the prior year, the company posted $2.09 earnings per share. The business's revenue for the quarter was up 6.4% compared to the same quarter last year. On average, equities analysts expect that Marriott International, Inc. will post 9.51 EPS for the current fiscal year.

Marriott International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, May 24th will be paid a $0.63 dividend. The ex-dividend date of this dividend is Thursday, May 23rd. This is a boost from Marriott International's previous quarterly dividend of $0.52. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.07%. Marriott International's payout ratio is presently 21.47%.

About Marriott International

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, and City Express by Marriott brand names, as well as operates residences, timeshares, and yachts.