Tokio Marine Asset Management Co. Ltd. trimmed its position in Marriott International (NASDAQ:MAR) by 23.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,925 shares of the company’s stock after selling 901 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Marriott International were worth $323,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Regal Wealth Group Inc. boosted its holdings in shares of Marriott International by 0.3% during the second quarter. Regal Wealth Group Inc. now owns 1,637 shares of the company’s stock worth $164,000 after purchasing an additional 5 shares during the period. Gradient Investments LLC boosted its holdings in shares of Marriott International by 0.3% during the second quarter. Gradient Investments LLC now owns 2,011 shares of the company’s stock worth $202,000 after purchasing an additional 6 shares during the period. Family Firm Inc. boosted its holdings in shares of Marriott International by 0.3% during the second quarter. Family Firm Inc. now owns 2,931 shares of the company’s stock worth $294,000 after purchasing an additional 8 shares during the period. Alexandria Capital LLC boosted its holdings in shares of Marriott International by 0.7% during the second quarter. Alexandria Capital LLC now owns 1,644 shares of the company’s stock worth $165,000 after purchasing an additional 12 shares during the period. Finally, First Bank & Trust boosted its holdings in shares of Marriott International by 1.2% during the second quarter. First Bank & Trust now owns 1,701 shares of the company’s stock worth $171,000 after purchasing an additional 20 shares during the period. Institutional investors own 66.04% of the company’s stock.

Marriott International (NASDAQ:MAR) opened at $121.55 on Friday. Marriott International has a 52-week low of $68.68 and a 52-week high of $121.58. The company has a market cap of $45,267.65, a P/E ratio of 31.17, a PEG ratio of 3.20 and a beta of 1.34. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.53 and a quick ratio of 0.53.

Marriott International (NASDAQ:MAR) last released its quarterly earnings results on Monday, August 7th. The company reported $1.13 EPS for the quarter, beating the Zacks’ consensus estimate of $1.02 by $0.11. Marriott International had a net margin of 5.27% and a return on equity of 26.26%. The company had revenue of $5.80 billion for the quarter, compared to analyst estimates of $5.73 billion. During the same quarter last year, the firm posted $1.03 earnings per share. The company’s quarterly revenue was up 48.5% compared to the same quarter last year. sell-side analysts forecast that Marriott International will post 4.14 EPS for the current year.

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In other news, EVP Edward A. Ryan sold 6,000 shares of the firm’s stock in a transaction on Friday, September 22nd. The shares were sold at an average price of $108.00, for a total value of $648,000.00. Following the sale, the executive vice president now owns 74,406 shares in the company, valued at $8,035,848. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Argiris Kyriakidis sold 3,000 shares of the firm’s stock in a transaction on Thursday, September 21st. The stock was sold at an average price of $107.84, for a total transaction of $323,520.00. Following the completion of the sale, the insider now owns 16,079 shares in the company, valued at approximately $1,733,959.36. The disclosure for this sale can be found here. In the last three months, insiders sold 110,727 shares of company stock worth $11,339,600. Insiders own 11.32% of the company’s stock.

Several analysts recently commented on the stock. Robert W. Baird raised their price target on shares of Marriott International from $101.00 to $103.00 and gave the stock a “neutral” rating in a report on Tuesday, August 8th. BidaskClub upgraded shares of Marriott International from a “hold” rating to a “buy” rating in a report on Monday, July 24th. UBS AG restated a “neutral” rating and set a $101.00 price target (up from $98.00) on shares of Marriott International in a report on Monday, August 14th. Zacks Investment Research cut shares of Marriott International from a “buy” rating to a “sell” rating in a report on Tuesday, July 11th. Finally, Stifel Nicolaus raised their price target on shares of Marriott International from $95.00 to $98.00 and gave the stock a “hold” rating in a report on Tuesday, August 8th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Marriott International has an average rating of “Buy” and an average price target of $101.36.

Marriott International Company Profile

Marriott International, Inc (Marriott International) is a lodging company. Marriott International operates in three business segments: North American Full-Service, North American Limited-Service and International. Its North American Full-Service segment includes its Luxury and Premium brands (JW Marriott, Marriott Hotels, Sheraton, Westin, Renaissance Hotels, Le Meridien, Autograph Collection Hotels, Delta Hotels, Gaylord Hotels, and Tribute Portfolio) located in the United States and Canada.

Institutional Ownership by Quarter for Marriott International (NASDAQ:MAR)

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