Tokio Marine Asset Management Co. Ltd. Buys 3,617 Shares of Marriott International (MAR)

Tokio Marine Asset Management Co. Ltd. Buys 3,617 Shares of Marriott International (MAR)

Tokio Marine Asset Management Co. Ltd. increased its stake in Marriott International (NASDAQ:MAR) by 49.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,883 shares of the company’s stock after buying an additional 3,617 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Marriott International were worth $733,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Quadrant Capital Group LLC raised its position in Marriott International by 84.4% in the third quarter. Quadrant Capital Group LLC now owns 1,835 shares of the company’s stock valued at $118,000 after buying an additional 840 shares during the period. Smithfield Trust Co. raised its position in Marriott International by 54.3% in the second quarter. Smithfield Trust Co. now owns 1,875 shares of the company’s stock valued at $125,000 after buying an additional 660 shares during the period. Synovus Financial Corp raised its position in Marriott International by 11.9% in the third quarter. Synovus Financial Corp now owns 1,880 shares of the company’s stock valued at $126,000 after buying an additional 200 shares during the period. Gradient Investments LLC raised its position in Marriott International by 1.7% in the third quarter. Gradient Investments LLC now owns 1,991 shares of the company’s stock valued at $134,000 after buying an additional 33 shares during the period. Finally, NEXT Financial Group Inc raised its position in Marriott International by 1,767.9% in the third quarter. NEXT Financial Group Inc now owns 2,615 shares of the company’s stock valued at $176,000 after buying an additional 2,475 shares during the period. 64.74% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Marriott International (NASDAQ:MAR) opened at 86.08 on Friday. Marriott International has a one year low of $57.69 and a one year high of $86.32. The company has a market cap of $33.61 billion, a PE ratio of 30.64 and a beta of 1.29. The firm’s 50-day moving average is $83.74 and its 200-day moving average is $74.42.

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

The company also recently declared a quarterly dividend, which was paid on Friday, December 30th. Investors of record on Thursday, November 24th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.39%. The ex-dividend date was Monday, November 21st. Marriott International’s dividend payout ratio (DPR) is currently 42.25%.

MAR has been the subject of several research analyst reports. Zacks Investment Research lowered Marriott International from a “hold” rating to a “sell” rating in a research report on Wednesday, October 26th. Deutsche Bank AG reaffirmed a “hold” rating and issued a $73.00 target price on shares of Marriott International in a research report on Friday, November 18th. RBC Capital Markets reaffirmed a “buy” rating and issued a $90.00 target price on shares of Marriott International in a research report on Tuesday, January 3rd. Vetr raised Marriott International from a “hold” rating to a “buy” rating and set a $87.41 target price for the company in a research report on Tuesday, January 3rd. Finally, MKM Partners set a $98.00 target price on Marriott International and gave the company a “buy” rating in a research report on Tuesday, December 20th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Marriott International presently has a consensus rating of “Buy” and a consensus price target of $81.71.

In related news, insider Amy Mcpherson sold 11,573 shares of the firm’s stock in a transaction that occurred on Friday, December 2nd. The shares were sold at an average price of $79.52, for a total value of $920,284.96. Following the sale, the insider now owns 67,725 shares in the company, valued at $5,385,492. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Craig S. Smith sold 600 shares of the firm’s stock in a transaction that occurred on Wednesday, December 28th. The stock was sold at an average price of $84.41, for a total transaction of $50,646.00. Following the completion of the sale, the insider now owns 15,104 shares in the company, valued at approximately $1,274,928.64. The disclosure for this sale can be found here. Insiders have sold 174,328 shares of company stock valued at $14,103,129 in the last three months. 17.07% of the stock is owned by insiders.

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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