Mizuho Securities Co. Ltd. Sells 2,700 Shares of Marriott International, Inc. (NASDAQ:MAR)

Mizuho Securities Co. Ltd. lowered its holdings in Marriott International, Inc. (NASDAQ:MAR) by 90.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 280 shares of the company’s stock after selling 2,700 shares during the period. Mizuho Securities Co. Ltd.’s holdings in Marriott International were worth $63,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Caprock Group LLC lifted its holdings in shares of Marriott International by 255.1% during the 4th quarter. Caprock Group LLC now owns 11,781 shares of the company’s stock worth $2,657,000 after acquiring an additional 8,463 shares during the period. Cerity Partners LLC lifted its holdings in shares of Marriott International by 86.8% during the 4th quarter. Cerity Partners LLC now owns 44,957 shares of the company’s stock worth $10,138,000 after acquiring an additional 20,890 shares during the period. Impax Asset Management Group plc lifted its holdings in shares of Marriott International by 88.4% during the 4th quarter. Impax Asset Management Group plc now owns 10,426 shares of the company’s stock worth $2,351,000 after acquiring an additional 4,892 shares during the period. International Assets Investment Management LLC lifted its holdings in shares of Marriott International by 1,487.6% during the 4th quarter. International Assets Investment Management LLC now owns 345,246 shares of the company’s stock worth $77,856,000 after acquiring an additional 323,500 shares during the period. Finally, Vontobel Holding Ltd. lifted its holdings in shares of Marriott International by 14.7% during the 4th quarter. Vontobel Holding Ltd. now owns 79,403 shares of the company’s stock worth $17,906,000 after acquiring an additional 10,197 shares during the period. Institutional investors own 70.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on MAR shares. BMO Capital Markets upped their price target on shares of Marriott International from $230.00 to $235.00 and gave the stock a “market perform” rating in a report on Wednesday, February 14th. UBS Group upped their price objective on shares of Marriott International from $210.00 to $259.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 28th. Robert W. Baird lowered their price objective on shares of Marriott International from $250.00 to $248.00 and set a “neutral” rating for the company in a research report on Wednesday, February 14th. Argus upped their price objective on shares of Marriott International from $270.00 to $280.00 and gave the stock a “buy” rating in a research report on Tuesday, March 19th. Finally, Jefferies Financial Group upped their price objective on shares of Marriott International from $205.00 to $227.00 and gave the stock a “hold” rating in a research report on Tuesday, January 2nd. Eleven analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, Marriott International has a consensus rating of “Hold” and an average target price of $236.69.

Marriott International Price Performance

Shares of MAR traded up $2.28 during trading hours on Tuesday, hitting $239.69. 1,194,355 shares of the stock were exchanged, compared to its average volume of 1,442,333. Marriott International, Inc. has a fifty-two week low of $162.77 and a fifty-two week high of $260.57. The business has a 50-day moving average of $248.18 and a 200-day moving average of $226.48. The firm has a market capitalization of $69.26 billion, a P/E ratio of 23.52, a price-to-earnings-growth ratio of 1.72 and a beta of 1.62.

Marriott International (NASDAQ:MAR) last issued its earnings results on Tuesday, February 13th. The company reported $3.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.12 by $1.45. The business had revenue of $6.10 billion for the quarter, compared to analyst estimates of $6.20 billion. Marriott International had a net margin of 13.00% and a negative return on equity of 848.49%. Marriott International’s revenue was up 2.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.96 earnings per share. As a group, analysts forecast that Marriott International, Inc. will post 9.46 earnings per share for the current fiscal year.

Marriott International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Thursday, February 22nd were paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 0.87%. The ex-dividend date was Wednesday, February 21st. Marriott International’s dividend payout ratio is presently 20.41%.

Insider Buying and Selling

In other Marriott International news, Director Eric Hippeau sold 2,600 shares of the firm’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $237.40, for a total value of $617,240.00. Following the transaction, the director now directly owns 1,472 shares of the company’s stock, valued at $349,452.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Marriott International news, Director Eric Hippeau sold 2,600 shares of the firm’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $237.40, for a total value of $617,240.00. Following the transaction, the director now directly owns 1,472 shares of the company’s stock, valued at $349,452.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Rena Hozore Reiss sold 3,563 shares of the firm’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $240.39, for a total transaction of $856,509.57. Following the completion of the transaction, the executive vice president now directly owns 36,778 shares in the company, valued at $8,841,063.42. The disclosure for this sale can be found here. Insiders have sold a total of 125,003 shares of company stock valued at $30,435,493 over the last ninety days. 10.07% of the stock is owned by corporate insiders.

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