Nissay Asset Management Corp Japan ADV Acquires 1,645 Shares of Marriott International, Inc. (NASDAQ:MAR)

Nissay Asset Management Corp Japan ADV boosted its holdings in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 2.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 57,513 shares of the company's stock after acquiring an additional 1,645 shares during the quarter. Nissay Asset Management Corp Japan ADV's holdings in Marriott International were worth $16,314,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Wescott Financial Advisory Group LLC boosted its holdings in Marriott International by 0.6% during the fourth quarter. Wescott Financial Advisory Group LLC now owns 5,554 shares of the company's stock worth $1,549,000 after buying an additional 35 shares during the last quarter. TFG Advisers LLC grew its stake in shares of Marriott International by 0.8% in the fourth quarter. TFG Advisers LLC now owns 4,426 shares of the company's stock valued at $1,235,000 after acquiring an additional 37 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its holdings in Marriott International by 1.2% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 3,290 shares of the company's stock valued at $918,000 after buying an additional 38 shares during the period. Evermay Wealth Management LLC increased its position in Marriott International by 1.1% during the 4th quarter. Evermay Wealth Management LLC now owns 3,415 shares of the company's stock worth $953,000 after purchasing an additional 38 shares in the last quarter. Finally, Essex Financial Services Inc. lifted its holdings in Marriott International by 1.3% during the 4th quarter. Essex Financial Services Inc. now owns 3,004 shares of the company's stock worth $838,000 after buying an additional 39 shares during the period. Institutional investors and hedge funds own 70.70% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on MAR. Barclays decreased their price target on shares of Marriott International from $283.00 to $236.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 22nd. Evercore ISI raised Marriott International from an "in-line" rating to an "outperform" rating and set a $330.00 price objective on the stock in a research note on Tuesday, February 4th. Dbs Bank upgraded Marriott International from a "hold" rating to a "strong-buy" rating in a report on Wednesday, May 14th. Robert W. Baird upped their target price on Marriott International from $250.00 to $265.00 and gave the stock a "neutral" rating in a report on Wednesday, May 7th. Finally, UBS Group boosted their price objective on shares of Marriott International from $294.00 to $301.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 12th. Thirteen equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Marriott International currently has a consensus rating of "Moderate Buy" and a consensus price target of $276.60.

Marriott International Price Performance

MAR traded down $4.03 on Tuesday, reaching $269.16. 391,965 shares of the company's stock were exchanged, compared to its average volume of 1,599,511. The stock's fifty day moving average price is $239.74 and its 200-day moving average price is $266.88. The stock has a market cap of $73.72 billion, a PE ratio of 32.36, a P/E/G ratio of 3.42 and a beta of 1.39. Marriott International, Inc. has a twelve month low of $204.55 and a twelve month high of $307.52.

Marriott International (NASDAQ:MAR - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $2.32 EPS for the quarter, beating the consensus estimate of $2.25 by $0.07. Marriott International had a net margin of 9.46% and a negative return on equity of 116.67%. The company had revenue of $6.26 billion during the quarter, compared to analysts' expectations of $6.19 billion. During the same quarter last year, the company posted $2.13 EPS. The firm's revenue was up 4.8% compared to the same quarter last year. As a group, research analysts predict that Marriott International, Inc. will post 10.1 earnings per share for the current fiscal year.

Marriott International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, May 23rd will be paid a $0.67 dividend. This is a positive change from Marriott International's previous quarterly dividend of $0.63. This represents a $2.68 annualized dividend and a yield of 1.00%. The ex-dividend date of this dividend is Friday, May 23rd. Marriott International's dividend payout ratio is presently 30.52%.

Insider Transactions at Marriott International

In other Marriott International news, CFO Kathleen K. Oberg sold 14,498 shares of the company's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $278.07, for a total value of $4,031,458.86. Following the transaction, the chief financial officer now directly owns 14,282 shares of the company's stock, valued at $3,971,395.74. This represents a 50.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider William P. Brown sold 12,642 shares of Marriott International stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $285.63, for a total transaction of $3,610,934.46. Following the sale, the insider now owns 30,919 shares in the company, valued at approximately $8,831,393.97. This trade represents a 29.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 32,694 shares of company stock worth $9,208,342. 10.68% of the stock is currently owned by company 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.