Tokio Marine Asset Management Co. Ltd. Purchases 339 Shares of Marriott International, Inc. (NASDAQ:MAR)

Tokio Marine Asset Management Co. Ltd. grew its holdings in shares of Marriott International, Inc. (NASDAQ:MAR) by 4.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,471 shares of the company’s stock after acquiring an additional 339 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Marriott International were worth $1,857,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Bangor Savings Bank boosted its stake in shares of Marriott International by 131.1% during the second quarter. Bangor Savings Bank now owns 104 shares of the company’s stock valued at $25,000 after purchasing an additional 59 shares during the period. Hantz Financial Services Inc. purchased a new stake in Marriott International during the 2nd quarter valued at $26,000. MFA Wealth Advisors LLC bought a new stake in Marriott International in the 2nd quarter worth $28,000. Silvant Capital Management LLC purchased a new position in shares of Marriott International in the third quarter valued at about $31,000. Finally, Unique Wealth Strategies LLC purchased a new stake in shares of Marriott International during the second quarter worth about $35,000. Hedge funds and other institutional investors own 70.70% of the company’s stock.

Insider Buying and Selling

In related news, EVP Benjamin T. Breland sold 500 shares of Marriott International stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $274.49, for a total value of $137,245.00. Following the completion of the sale, the executive vice president now owns 12,286 shares of the company’s stock, valued at $3,372,384.14. The trade was a 3.91 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Anthony Capuano sold 8,332 shares of the stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $284.49, for a total value of $2,370,370.68. Following the completion of the transaction, the chief executive officer now directly owns 108,361 shares in the company, valued at approximately $30,827,620.89. This represents a 7.14 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,108 shares of company stock worth $3,434,439. 12.32% of the stock is owned by corporate insiders.

Marriott International Price Performance

Shares of Marriott International stock opened at $282.02 on Friday. The stock has a market cap of $78.37 billion, a price-to-earnings ratio of 29.50, a PEG ratio of 5.63 and a beta of 1.58. Marriott International, Inc. has a 1 year low of $200.94 and a 1 year high of $289.04. The firm’s 50-day moving average is $254.51 and its 200 day moving average is $241.18.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings results on Monday, November 4th. The company reported $2.26 EPS for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.05). The firm had revenue of $6.26 billion for the quarter, compared to analysts’ expectations of $6.27 billion. Marriott International had a net margin of 11.18% and a negative return on equity of 177.91%. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.11 EPS. On average, equities analysts expect that Marriott International, Inc. will post 9.26 EPS for the current fiscal year.

Marriott International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Thursday, November 21st will be given a dividend of $0.63 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $2.52 annualized dividend and a dividend yield of 0.89%. Marriott International’s dividend payout ratio (DPR) is presently 26.36%.

Wall Street Analyst Weigh In

A number of research analysts have commented on MAR shares. TD Cowen lowered their price target on Marriott International from $295.00 to $283.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Bank of America upped their target price on Marriott International from $275.00 to $300.00 and gave the company a “buy” rating in a report on Monday, October 21st. The Goldman Sachs Group began coverage on shares of Marriott International in a research report on Wednesday, September 18th. They set a “buy” rating and a $267.00 price objective on the stock. Wells Fargo & Company lifted their target price on shares of Marriott International from $238.00 to $261.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 22nd. Finally, Mizuho increased their price target on shares of Marriott International from $233.00 to $246.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. Thirteen investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, Marriott International currently has an average rating of “Hold” and an average price target of $259.00.

Marriott International Company 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.