Sumitomo Mitsui Trust Holdings Inc. Has $155.36 Million Holdings in Marriott International, Inc. (NASDAQ:MAR)

Sumitomo Mitsui Trust Holdings Inc. lessened its holdings in shares of Marriott International, Inc. (NASDAQ:MAR) by 1.9% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 615,758 shares of the company’s stock after selling 12,172 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Marriott International were worth $155,362,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. MV Capital Management Inc. grew its stake in Marriott International by 1.8% in the first quarter. MV Capital Management Inc. now owns 3,023 shares of the company’s stock worth $763,000 after purchasing an additional 54 shares during the period. Allspring Global Investments Holdings LLC grew its stake in shares of Marriott International by 3.6% in the first quarter. Allspring Global Investments Holdings LLC now owns 14,627 shares of the company’s stock worth $3,691,000 after acquiring an additional 506 shares during the last quarter. Oak Thistle LLC bought a new position in shares of Marriott International during the first quarter valued at $687,000. Miracle Mile Advisors LLC boosted its stake in Marriott International by 29.7% in the 1st quarter. Miracle Mile Advisors LLC now owns 2,700 shares of the company’s stock worth $681,000 after purchasing an additional 619 shares in the last quarter. Finally, Kowal Investment Group LLC increased its stake in Marriott International by 5.8% during the 1st quarter. Kowal Investment Group LLC now owns 1,665 shares of the company’s stock valued at $420,000 after purchasing an additional 91 shares in the last quarter. 70.70% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on MAR. Robert W. Baird raised their price target on shares of Marriott International from $248.00 to $250.00 and gave the company a “neutral” rating in a research report on Thursday, May 2nd. Mizuho boosted their price target on Marriott International from $260.00 to $265.00 and gave the stock a “neutral” rating in a research note on Thursday, May 2nd. Wells Fargo & Company dropped their price objective on Marriott International from $250.00 to $248.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 2nd. Argus boosted their target price on Marriott International from $270.00 to $280.00 and gave the stock a “buy” rating in a research report on Tuesday, March 19th. Finally, Susquehanna assumed coverage on shares of Marriott International in a report on Friday, June 21st. They set a “neutral” rating and a $255.00 price target on the stock. Twelve research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $242.19.

Marriott International Price Performance

Shares of MAR stock traded up $0.87 during trading hours on Wednesday, reaching $240.85. 224,780 shares of the company traded hands, compared to its average volume of 1,455,751. The firm has a 50-day moving average price of $237.46 and a 200 day moving average price of $239.60. The company has a market cap of $68.79 billion, a P/E ratio of 24.93, a P/E/G ratio of 4.55 and a beta of 1.60. Marriott International, Inc. has a 12-month low of $178.24 and a 12-month high of $260.57.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings data on Wednesday, May 1st. The company reported $2.13 EPS for the quarter, missing the consensus estimate of $2.17 by ($0.04). The firm had revenue of $5.98 billion for the quarter, compared to the consensus estimate of $5.95 billion. Marriott International had a net margin of 12.00% and a negative return on equity of 376.88%. The firm’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.09 earnings per share. Sell-side analysts predict that Marriott International, Inc. will post 9.55 EPS for the current year.

Marriott International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, May 24th were paid a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 1.05%. This is an increase from Marriott International’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Thursday, May 23rd. Marriott International’s dividend payout ratio is presently 26.01%.

About Marriott International

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, and City Express by Marriott brand names, as well as operates residences, timeshares, and yachts.