Nomura Holdings Inc. Has $5.56 Million Holdings in Marriott International, Inc. (NASDAQ:MAR)

Nomura Holdings Inc. grew its holdings in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 44.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,938 shares of the company's stock after purchasing an additional 6,095 shares during the quarter. Nomura Holdings Inc.'s holdings in Marriott International were worth $5,562,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of MAR. Hopwood Financial Services Inc. bought a new position in Marriott International in the 4th quarter worth $25,000. Bernard Wealth Management Corp. bought a new position in shares of Marriott International during the 4th quarter worth about $25,000. Bell Investment Advisors Inc increased its holdings in shares of Marriott International by 112.2% during the 4th quarter. Bell Investment Advisors Inc now owns 104 shares of the company's stock worth $29,000 after purchasing an additional 55 shares during the period. Sound Income Strategies LLC increased its holdings in shares of Marriott International by 494.4% during the 4th quarter. Sound Income Strategies LLC now owns 107 shares of the company's stock worth $30,000 after purchasing an additional 89 shares during the period. Finally, Wingate Wealth Advisors Inc. bought a new position in shares of Marriott International during the 4th quarter worth about $33,000. Institutional investors own 70.70% of the company's stock.

Insider Activity

In related news, Director Susan C. Schwab sold 1,054 shares of the stock in a transaction on Monday, February 24th. The shares were sold at an average price of $277.48, for a total transaction of $292,463.92. Following the completion of the transaction, the director now owns 4,551 shares in the company, valued at approximately $1,262,811.48. This represents a 18.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Benjamin T. Breland sold 1,000 shares of the stock in a transaction on Monday, May 12th. The stock was sold at an average price of $270.21, for a total transaction of $270,210.00. Following the transaction, the executive vice president now owns 20,724 shares of the company's stock, valued at $5,599,832.04. The trade was a 4.60% decrease in their position. The disclosure for this sale can be found here. Insiders sold 32,694 shares of company stock worth $9,208,342 over the last quarter. 10.68% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on MAR shares. Susquehanna boosted their price objective on shares of Marriott International from $255.00 to $285.00 and gave the stock a "neutral" rating in a report on Wednesday, February 12th. The Goldman Sachs Group reiterated a "neutral" rating and set a $245.00 target price (down from $313.00) on shares of Marriott International in a research report on Monday, April 14th. Stifel Nicolaus decreased their target price on shares of Marriott International from $295.00 to $240.00 and set a "hold" rating on the stock in a research report on Wednesday, April 16th. Wells Fargo & Company decreased their target price on shares of Marriott International from $285.00 to $277.00 and set an "equal weight" rating on the stock in a research report on Tuesday, February 18th. Finally, BMO Capital Markets lifted their target price on shares of Marriott International from $250.00 to $265.00 and gave the company a "market perform" rating in a research report on Wednesday, May 7th. Thirteen research analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $276.60.

Marriott International Stock Performance

NASDAQ:MAR traded down $0.04 during trading hours on Monday, hitting $273.19. The stock had a trading volume of 1,099,134 shares, compared to its average volume of 1,604,249. Marriott International, Inc. has a one year low of $204.55 and a one year high of $307.52. The company has a market cap of $74.83 billion, a price-to-earnings ratio of 32.84, a P/E/G ratio of 3.42 and a beta of 1.39. The business's 50 day moving average is $239.16 and its 200-day moving average is $266.80.

Marriott International (NASDAQ:MAR - Get Free Report) last issued its 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 firm had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $6.19 billion. During the same quarter in the prior year, the firm earned $2.13 earnings per share. The business's quarterly revenue was up 4.8% on a year-over-year basis. On average, sell-side analysts anticipate that Marriott International, Inc. will post 10.1 EPS for the current fiscal 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 issued a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 0.98%. The ex-dividend date of this dividend is Friday, May 23rd. This is a boost from Marriott International's previous quarterly dividend of $0.63. Marriott International's dividend payout ratio is 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.