Daiwa Securities Group Inc. Buys 2,992 Shares of Marriott International, Inc. (NASDAQ:MAR)

Daiwa Securities Group Inc. boosted its stake in shares of Marriott International, Inc. (NASDAQ:MAR) by 7.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,103 shares of the company’s stock after acquiring an additional 2,992 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Marriott International were worth $10,421,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bangor Savings Bank increased its stake in shares of Marriott International by 131.1% in the second quarter. Bangor Savings Bank now owns 104 shares of the company’s stock valued at $25,000 after buying an additional 59 shares in the last quarter. Roble Belko & Company Inc raised its stake in shares of Marriott International by 845.5% in the first quarter. Roble Belko & Company Inc now owns 104 shares of the company’s stock worth $26,000 after acquiring an additional 93 shares during the last quarter. Hantz Financial Services Inc. acquired a new position in shares of Marriott International during the second quarter worth approximately $26,000. MFA Wealth Advisors LLC bought a new stake in shares of Marriott International during the second quarter valued at approximately $28,000. Finally, Benjamin Edwards Inc. bought a new position in Marriott International in the 1st quarter worth approximately $29,000. Institutional investors and hedge funds own 70.70% of the company’s stock.

Analyst Ratings Changes

MAR has been the subject of a number of recent research reports. Barclays boosted their target price on Marriott International from $240.00 to $251.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 17th. Robert W. Baird cut their target price on shares of Marriott International from $252.00 to $245.00 and set a “neutral” rating on the stock in a research report on Thursday, August 1st. Macquarie reiterated a “neutral” rating and set a $245.00 price target on shares of Marriott International in a research report on Friday, August 2nd. Wells Fargo & Company reduced their price objective on shares of Marriott International from $248.00 to $238.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 1st. Finally, Susquehanna initiated coverage on shares of Marriott International in a research report on Friday, June 21st. They set a “neutral” rating and a $255.00 target price for the company. Thirteen analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Marriott International currently has an average rating of “Hold” and an average target price of $244.44.

Marriott International Stock Performance

NASDAQ:MAR opened at $225.67 on Wednesday. The company has a market cap of $64.46 billion, a PE ratio of 23.29, a PEG ratio of 5.35 and a beta of 1.59. The stock has a 50-day simple moving average of $230.56 and a 200 day simple moving average of $238.48. Marriott International, Inc. has a 52-week low of $180.75 and a 52-week high of $260.57.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $2.50 EPS for the quarter, topping analysts’ consensus estimates of $2.49 by $0.01. The business had revenue of $6.44 billion for the quarter, compared to analyst estimates of $6.47 billion. Marriott International had a net margin of 12.01% and a negative return on equity of 239.60%. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.26 earnings per share. On average, research analysts predict that Marriott International, Inc. will post 9.37 earnings per share for the current fiscal year.

Marriott International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, August 16th will be issued a dividend of $0.63 per share. The ex-dividend date of this dividend is Friday, August 16th. This represents a $2.52 annualized dividend and a yield of 1.12%. Marriott International’s payout ratio is presently 26.01%.

Marriott International 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.