Today: Today: Daiwa Securities Group Inc. Boosts Position in Marriott International Inc. (MAR)

Today: Daiwa Securities Group Inc. Boosts Position in Marriott International Inc. (MAR)

Daiwa Securities Group Inc. increased its stake in shares of Marriott International Inc. (NASDAQ:MAR) by 217.5% during the third quarter, Holdings Channel reports. The fund owned 51,327 shares of the company’s stock after buying an additional 35,160 shares during the period. Daiwa Securities Group Inc.’s holdings in Marriott International were worth $3,456,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Gradient Investments LLC raised its position in shares of Marriott International by 0.4% in the second quarter. Gradient Investments LLC now owns 1,958 shares of the company’s stock worth $130,000 after buying an additional 8 shares in the last quarter. Commerce Bank raised its position in shares of Marriott International by 0.3% in the second quarter. Commerce Bank now owns 5,403 shares of the company’s stock worth $359,000 after buying an additional 18 shares in the last quarter. Financial Architects Inc raised its position in shares of Marriott International by 1.2% in the third quarter. Financial Architects Inc now owns 3,284 shares of the company’s stock worth $222,000 after buying an additional 38 shares in the last quarter. Dumont & Blake Investment Advisors LLC raised its position in shares of Marriott International by 0.5% in the third quarter. Dumont & Blake Investment Advisors LLC now owns 8,736 shares of the company’s stock worth $588,000 after buying an additional 40 shares in the last quarter. Finally, Trust Co. of Virginia VA raised its position in shares of Marriott International by 1.2% in the second quarter. Trust Co. of Virginia VA now owns 3,579 shares of the company’s stock worth $237,000 after buying an additional 41 shares in the last quarter. Institutional investors own 63.96% of the company’s stock.

Shares of Marriott International Inc. (NASDAQ:MAR) traded down 0.24% during trading on Monday, reaching $78.33. The company’s stock had a trading volume of 1,204,385 shares. The firm’s 50-day moving average is $70.97 and its 200-day moving average is $69.47. Marriott International Inc. has a 12-month low of $56.43 and a 12-month high of $78.90. The stock has a market capitalization of $30.59 billion, a PE ratio of 27.89 and a beta of 1.23.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings data on Monday, November 7th. The company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.03. Marriott International had a negative return on equity of 76.10% and a net margin of 4.82%. The company had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $4.41 billion. During the same quarter last year, the company earned $0.78 earnings per share. The firm’s revenue for the quarter was up 10.2% compared to the same quarter last year. Equities analysts expect that Marriott International Inc. will post $3.62 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 30th. Investors of record on Thursday, November 24th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date is Monday, November 21st. Marriott International’s payout ratio is currently 42.25%.

A number of brokerages have recently issued reports on MAR. Evercore ISI downgraded shares of Marriott International from a “buy” rating to a “hold” rating in a report on Monday. Zacks Investment Research raised shares of Marriott International from a “sell” rating to a “hold” rating in a report on Monday, August 1st. Barclays PLC reissued a “hold” rating and issued a $80.00 price target on shares of Marriott International in a report on Thursday, November 10th. raised shares of Marriott International from an “underperform” rating to an “outperform” rating in a report on Monday, August 15th. Finally, Vetr downgraded shares of Marriott International from a “buy” rating to a “hold” rating and set a $75.57 price target on the stock. in a report on Monday, August 8th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eleven have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $76.33.

In other Marriott International news, insider David A. Rodriguez sold 1,582 shares of the stock in a transaction dated Tuesday, November 22nd. The stock was sold at an average price of $77.53, for a total value of $122,652.46. Following the completion of the sale, the insider now directly owns 49,392 shares in the company, valued at $3,829,361.76. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder Richard E. Marriott sold 71,287 shares of the stock in a transaction dated Thursday, September 22nd. The shares were sold at an average price of $70.14, for a total value of $5,000,070.18. Following the completion of the sale, the insider now owns 12,223,365 shares of the company’s stock, valued at $857,346,821.10. The disclosure for this sale can be found here. Corporate insiders own 17.07% of the company’s stock.

About Marriott International

Marriott International, Inc is a lodging company. The Company is an operator, franchisor and licensor of hotels and timeshare properties in approximately 90 countries and territories under over 20 brand names. It operates through three segments: North American Full-Service, which includes brands, such as The Ritz-Carlton, EDITION, JW Marriott, Autograph Collection Hotels, Marriott Hotels, Delta Hotels and Resorts, and Renaissance Hotels located in the United States and Canada; North American Limited-Service, which includes brands, such as AC Hotels by Marriott, Courtyard, Residence Inn, SpringHill Suites, TownePlace Suites properties and Fairfield Inn & Suites located in the United States and Canada, and International, which includes brands, such as Bulgari Hotels & Resorts, Protea Hotels and Moxy Hotels located outside the United States and Canada.

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