Dai ichi Life Insurance Company Ltd Has $3.19 Million Position in Marriott International, Inc. (NASDAQ:MAR)

Dai ichi Life Insurance Company Ltd decreased its holdings in shares of Marriott International, Inc. (NASDAQ:MAR) by 27.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,190 shares of the company’s stock after selling 5,000 shares during the period. Dai ichi Life Insurance Company Ltd’s holdings in Marriott International were worth $3,189,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. HBK Sorce Advisory LLC raised its holdings in shares of Marriott International by 14.6% during the second quarter. HBK Sorce Advisory LLC now owns 3,810 shares of the company’s stock valued at $921,000 after purchasing an additional 485 shares during the period. TradeLink Capital LLC acquired a new position in Marriott International during the 2nd quarter worth approximately $242,000. Meeder Advisory Services Inc. boosted its holdings in Marriott International by 26.9% in the second quarter. Meeder Advisory Services Inc. now owns 6,106 shares of the company’s stock worth $1,476,000 after acquiring an additional 1,296 shares in the last quarter. DekaBank Deutsche Girozentrale increased its holdings in shares of Marriott International by 1.4% during the second quarter. DekaBank Deutsche Girozentrale now owns 81,220 shares of the company’s stock valued at $19,634,000 after acquiring an additional 1,121 shares in the last quarter. Finally, Meeder Asset Management Inc. raised its position in shares of Marriott International by 83.8% during the second quarter. Meeder Asset Management Inc. now owns 239 shares of the company’s stock worth $58,000 after purchasing an additional 109 shares during the period. 70.70% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Marriott International from $222.00 to $216.00 and set a “hold” rating on the stock in a report on Thursday, August 1st. Morgan Stanley dropped their price target on shares of Marriott International from $268.00 to $250.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 6th. Susquehanna started coverage on Marriott International in a report on Friday, June 21st. They set a “neutral” rating and a $255.00 price objective for the company. JPMorgan Chase & Co. raised their target price on Marriott International from $235.00 to $255.00 and gave the company a “neutral” rating in a report on Friday, July 19th. Finally, Wells Fargo & Company lowered their price target on Marriott International from $248.00 to $238.00 and set an “equal weight” rating for the company in a research report on Thursday, August 1st. Thirteen research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $246.18.

Marriott International Price Performance

Shares of MAR opened at $231.74 on Monday. The firm has a market cap of $66.19 billion, a PE ratio of 23.92, a PEG ratio of 5.34 and a beta of 1.59. Marriott International, Inc. has a 1 year low of $180.75 and a 1 year high of $260.57. The stock’s fifty day moving average price is $229.93 and its two-hundred day moving average price is $238.07.

Marriott International (NASDAQ:MAR) last issued its earnings results on Wednesday, July 31st. The company reported $2.50 earnings per share for the quarter, topping analysts’ consensus estimates of $2.49 by $0.01. The firm had revenue of $6.44 billion during 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 company’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter last year, the business earned $2.26 earnings per share. Sell-side analysts anticipate that Marriott International, Inc. will post 9.37 earnings per share for the current fiscal year.

Marriott International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, August 16th will be given a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 1.09%. The ex-dividend date is Friday, August 16th. Marriott International’s dividend payout ratio (DPR) is presently 26.01%.

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.