Meiji Yasuda Asset Management Co Ltd. trimmed its stake in Marriott International Inc (NASDAQ:MAR) by 29.4% in the 1st quarter, HoldingsChannel reports. The fund owned 6,916 shares of the company’s stock after selling 2,879 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in Marriott International were worth $865,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Zeke Capital Advisors LLC increased its position in Marriott International by 1.4% during the 1st quarter. Zeke Capital Advisors LLC now owns 5,291 shares of the company’s stock valued at $662,000 after buying an additional 75 shares in the last quarter. Ballentine Partners LLC grew its stake in Marriott International by 4.3% during the 1st quarter. Ballentine Partners LLC now owns 1,938 shares of the company’s stock valued at $243,000 after purchasing an additional 80 shares during the last quarter. Citizens Financial Group Inc RI grew its stake in Marriott International by 2.1% during the 1st quarter. Citizens Financial Group Inc RI now owns 4,179 shares of the company’s stock valued at $523,000 after purchasing an additional 85 shares during the last quarter. Signaturefd LLC grew its stake in Marriott International by 8.9% during the 1st quarter. Signaturefd LLC now owns 1,201 shares of the company’s stock valued at $150,000 after purchasing an additional 98 shares during the last quarter. Finally, Duncker Streett & Co. Inc. grew its stake in Marriott International by 2.3% during the 1st quarter. Duncker Streett & Co. Inc. now owns 4,498 shares of the company’s stock valued at $563,000 after purchasing an additional 100 shares during the last quarter. 62.81% of the stock is owned by hedge funds and other institutional investors.

Several analysts have weighed in on the company. BidaskClub downgraded Marriott International from a “buy” rating to a “hold” rating in a research note on Wednesday, May 29th. Citigroup boosted their price target on Marriott International from $117.00 to $135.00 and gave the company a “neutral” rating in a research note on Tuesday, May 21st. Wells Fargo & Co boosted their price target on Marriott International from $123.00 to $141.00 and gave the company a “market perform” rating in a research note on Wednesday, April 24th. Morgan Stanley set a $117.00 price target on Marriott International and gave the company a “hold” rating in a research note on Thursday, March 28th. Finally, Zacks Investment Research upgraded Marriott International from a “sell” rating to a “hold” rating in a research note on Wednesday, March 6th. Twelve research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $132.92.

In related news, CEO Arne M. Sorenson sold 63,726 shares of the company’s stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $124.15, for a total value of $7,911,582.90. Following the completion of the transaction, the chief executive officer now owns 750,500 shares of the company’s stock, valued at approximately $93,174,575. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director George Munoz sold 3,428 shares of the company’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $125.20, for a total value of $429,185.60. Following the completion of the transaction, the director now directly owns 11,620 shares of the company’s stock, valued at approximately $1,454,824. The disclosure for this sale can be found here. Insiders sold 138,708 shares of company stock worth $17,395,357 in the last 90 days. Company insiders own 12.60% of the company’s stock.

Shares of MAR opened at $132.74 on Friday. Marriott International Inc has a 52 week low of $100.62 and a 52 week high of $140.37. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 6.81. The stock has a market capitalization of $44.20 billion, a PE ratio of 21.38, a P/E/G ratio of 2.91 and a beta of 1.24.

Marriott International (NASDAQ:MAR) last issued its earnings results on Friday, May 10th. The company reported $1.41 EPS for the quarter, topping analysts’ consensus estimates of $1.34 by $0.07. Marriott International had a return on equity of 97.68% and a net margin of 8.62%. The firm had revenue of $5.01 billion for the quarter, compared to the consensus estimate of $5.16 billion. During the same quarter in the prior year, the business earned $1.34 earnings per share. The company’s revenue was up .1% compared to the same quarter last year. On average, research analysts predict that Marriott International Inc will post 6.1 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, May 24th will be paid a $0.48 dividend. This is an increase from Marriott International’s previous quarterly dividend of $0.41. The ex-dividend date is Thursday, May 23rd. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.45%. Marriott International’s dividend payout ratio is presently 30.92%.

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About Marriott International

Marriott International, Inc operates, franchises, and licenses hotel, residential, and timeshare properties worldwide. The company operates through North American Full-Service, North American Limited-Service, and Asia Pacific segments. It operates its properties under the JW Marriott, The Ritz-Carlton, Ritz-Carlton Reserve, W Hotels, The Luxury Collection, St.

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

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