Marriott International, Inc. (NASDAQ:MAR) Shares Acquired by Capital International Ltd. CA

Capital International Ltd. CA grew its holdings in shares of Marriott International, Inc. (NASDAQ:MAR) by 15.8% during the fourth quarter, Holdings Channel reports. The firm owned 21,456 shares of the company’s stock after acquiring an additional 2,928 shares during the quarter. Capital International Ltd. CA’s holdings in Marriott International were worth $5,985,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Hopwood Financial Services Inc. acquired a new stake in shares of Marriott International during the 4th quarter worth approximately $25,000. Bernard Wealth Management Corp. acquired a new stake in Marriott International in the fourth quarter worth $25,000. Bell Investment Advisors Inc lifted its stake in Marriott International by 112.2% in the fourth quarter. Bell Investment Advisors Inc now owns 104 shares of the company’s stock valued at $29,000 after buying an additional 55 shares during the last quarter. Sound Income Strategies LLC grew its position in shares of Marriott International by 494.4% during the fourth quarter. Sound Income Strategies LLC now owns 107 shares of the company’s stock worth $30,000 after acquiring an additional 89 shares during the last quarter. Finally, Wingate Wealth Advisors Inc. bought a new stake in Marriott International in the 4th quarter valued at about $33,000. Institutional investors and hedge funds own 70.70% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on MAR shares. The Goldman Sachs Group restated a “neutral” rating and issued a $245.00 target price (down previously from $313.00) on shares of Marriott International in a research report on Monday. Susquehanna raised their target price on Marriott International from $255.00 to $285.00 and gave the company a “neutral” rating in a research report on Wednesday, February 12th. Mizuho boosted their price target on Marriott International from $246.00 to $293.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 12th. Wells Fargo & Company lowered their price target on Marriott International from $285.00 to $277.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 18th. Finally, Jefferies Financial Group decreased their target price on shares of Marriott International from $295.00 to $226.00 and set a “hold” rating for the company in a research report on Wednesday, April 9th. Fourteen equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $277.00.

Insider Buying and Selling

In other Marriott International news, EVP Rena Hozore Reiss sold 3,500 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $286.65, for a total value of $1,003,275.00. Following the completion of the sale, the executive vice president now owns 24,733 shares in the company, valued at $7,089,714.45. This represents a 12.40 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider William P. Brown sold 12,642 shares of the business’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $285.63, for a total transaction of $3,610,934.46. Following the transaction, the insider now owns 30,919 shares in the company, valued at approximately $8,831,393.97. This represents a 29.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 31,694 shares of company stock valued at $8,938,132. Company insiders own 12.32% of the company’s stock.

Marriott International Stock Performance

Shares of NASDAQ:MAR opened at $220.41 on Friday. The company has a market capitalization of $60.82 billion, a PE ratio of 26.49, a price-to-earnings-growth ratio of 3.42 and a beta of 1.42. The stock has a fifty day moving average of $251.42 and a 200-day moving average of $268.42. Marriott International, Inc. has a one year low of $204.55 and a one year high of $307.52.

Marriott International (NASDAQ:MAR) last announced its earnings results on Tuesday, February 11th. The company reported $2.45 EPS for the quarter, beating the consensus estimate of $2.37 by $0.08. Marriott International had a negative return on equity of 116.67% and a net margin of 9.46%. As a group, research analysts forecast that Marriott International, Inc. will post 10.1 EPS for the current fiscal year.

Marriott International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, February 27th were given a $0.63 dividend. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $2.52 annualized dividend and a dividend yield of 1.14%. Marriott International’s dividend payout ratio (DPR) is presently 30.29%.

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.