Marriott International, Inc. (NASDAQ:MAR) Shares Acquired by Rakuten Securities Inc.

Rakuten Securities Inc. increased its position in shares of Marriott International, Inc. (NASDAQ:MAR) by 36.7% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 387 shares of the company’s stock after buying an additional 104 shares during the quarter. Rakuten Securities Inc.’s holdings in Marriott International were worth $96,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quent Capital LLC boosted its stake in shares of Marriott International by 7.9% during the first quarter. Quent Capital LLC now owns 644 shares of the company’s stock worth $162,000 after buying an additional 47 shares during the period. Russell Investments Group Ltd. grew its stake in shares of Marriott International by 81.2% in the 1st quarter. Russell Investments Group Ltd. now owns 70,594 shares of the company’s stock valued at $17,816,000 after purchasing an additional 31,629 shares during the last quarter. Avantax Advisory Services Inc. raised its stake in shares of Marriott International by 37.7% during the first quarter. Avantax Advisory Services Inc. now owns 11,775 shares of the company’s stock worth $2,971,000 after purchasing an additional 3,221 shares during the last quarter. Bleakley Financial Group LLC lifted its holdings in shares of Marriott International by 8.4% during the first quarter. Bleakley Financial Group LLC now owns 5,424 shares of the company’s stock worth $1,368,000 after purchasing an additional 419 shares during the period. Finally, Sheets Smith Wealth Management acquired a new position in Marriott International in the 1st quarter valued at $210,000. Hedge funds and other institutional investors own 70.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Bank of America raised their target price on shares of Marriott International from $275.00 to $300.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. The Goldman Sachs Group started coverage on Marriott International in a report on Wednesday, September 18th. They issued a “buy” rating and a $267.00 price objective on the stock. Barclays increased their target price on Marriott International from $240.00 to $249.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 5th. Truist Financial decreased their price target on Marriott International from $263.00 to $254.00 and set a “hold” rating on the stock in a research note on Tuesday, August 6th. Finally, Macquarie reiterated a “neutral” rating and issued a $245.00 price objective on shares of Marriott International in a research report on Tuesday, November 5th. Thirteen research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $259.00.

Insider Activity

In related news, EVP Benjamin T. Breland sold 500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $274.49, for a total transaction of $137,245.00. Following the sale, the executive vice president now owns 12,286 shares in the company, valued at approximately $3,372,384.14. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Marriott International news, CAO Felitia Lee sold 916 shares of Marriott International stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $276.48, for a total value of $253,255.68. Following the completion of the sale, the chief accounting officer now owns 5,609 shares in the company, valued at $1,550,776.32. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Benjamin T. Breland sold 500 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $274.49, for a total transaction of $137,245.00. Following the transaction, the executive vice president now owns 12,286 shares in the company, valued at approximately $3,372,384.14. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 10.07% of the company’s stock.

Marriott International Price Performance

MAR stock opened at $286.02 on Wednesday. Marriott International, Inc. has a 12 month low of $196.24 and a 12 month high of $287.00. The firm has a market capitalization of $79.48 billion, a PE ratio of 29.92, a P/E/G ratio of 6.27 and a beta of 1.58. The company’s 50 day simple moving average is $252.26 and its 200-day simple moving average is $240.54.

Marriott International (NASDAQ:MAR) last released its quarterly earnings results on Monday, November 4th. The company reported $2.26 earnings per share for the quarter, missing the consensus estimate of $2.31 by ($0.05). Marriott International had a negative return on equity of 177.91% and a net margin of 11.18%. The company had revenue of $6.26 billion for the quarter, compared to analysts’ expectations of $6.27 billion. During the same period in the previous year, the business posted $2.11 EPS. The business’s quarterly revenue was up 5.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Marriott International, Inc. will post 9.26 earnings per share for the current year.

Marriott International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Thursday, November 21st will be paid 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 0.88%. Marriott International’s dividend payout ratio is currently 26.36%.

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.