Capital International Inc. CA Purchases 10,787 Shares of Marriott International, Inc. (NASDAQ:MAR)

Capital International Inc. CA lifted its holdings in shares of Marriott International, Inc. (NASDAQ:MAR) by 11.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 102,080 shares of the company’s stock after buying an additional 10,787 shares during the quarter. Capital International Inc. CA’s holdings in Marriott International were worth $28,474,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Forum Financial Management LP increased its stake in shares of Marriott International by 12.5% in the 4th quarter. Forum Financial Management LP now owns 11,139 shares of the company’s stock valued at $3,107,000 after acquiring an additional 1,238 shares during the last quarter. Frederick Financial Consultants LLC bought a new stake in Marriott International in the fourth quarter valued at approximately $981,000. Capital International Ltd. CA raised its holdings in Marriott International by 15.8% in the fourth quarter. Capital International Ltd. CA now owns 21,456 shares of the company’s stock worth $5,985,000 after purchasing an additional 2,928 shares during the period. Capital Group Investment Management PTE. LTD. boosted its position in shares of Marriott International by 3.6% during the fourth quarter. Capital Group Investment Management PTE. LTD. now owns 3,674 shares of the company’s stock worth $1,025,000 after purchasing an additional 127 shares in the last quarter. Finally, Capital Group Private Client Services Inc. increased its position in shares of Marriott International by 8.9% in the 4th quarter. Capital Group Private Client Services Inc. now owns 127,428 shares of the company’s stock valued at $35,545,000 after buying an additional 10,391 shares in the last quarter. 70.70% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Susan C. Schwab sold 1,054 shares of Marriott International stock in a transaction on Monday, February 24th. The stock was sold at an average price of $277.48, for a total transaction of $292,463.92. Following the completion of the sale, the director now owns 4,551 shares of the company’s stock, valued at approximately $1,262,811.48. This trade represents a 18.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Rena Hozore Reiss sold 3,500 shares of the firm’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $286.65, for a total transaction of $1,003,275.00. Following the transaction, the executive vice president now directly owns 24,733 shares in the company, valued at approximately $7,089,714.45. This represents a 12.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 31,694 shares of company stock worth $8,938,132 over the last three months. Insiders own 12.32% of the company’s stock.

Marriott International Stock Performance

Shares of NASDAQ:MAR opened at $220.41 on Friday. Marriott International, Inc. has a 52-week low of $204.55 and a 52-week high of $307.52. The company has a market capitalization of $60.82 billion, a P/E ratio of 26.49, a price-to-earnings-growth ratio of 3.42 and a beta of 1.42. The company has a 50-day simple moving average of $250.07 and a 200 day simple moving average of $268.24.

Marriott International (NASDAQ:MAR) last issued its earnings results on Tuesday, February 11th. The company reported $2.45 EPS for the quarter, topping 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, equities analysts forecast that Marriott International, Inc. will post 10.1 earnings per share for the current year.

Marriott International Announces Dividend

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

Analyst Ratings Changes

Several brokerages have issued reports on MAR. Susquehanna increased their price target on Marriott International from $255.00 to $285.00 and gave the stock a “neutral” rating in a report on Wednesday, February 12th. UBS Group lifted their price target on shares of Marriott International from $294.00 to $301.00 and gave the company a “neutral” rating in a research note on Wednesday, February 12th. Stifel Nicolaus lowered their price objective on shares of Marriott International from $295.00 to $240.00 and set a “hold” rating for the company in a research report on Wednesday. Wells Fargo & Company cut their price objective on shares of Marriott International from $285.00 to $277.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 18th. Finally, Argus boosted their price target on Marriott International from $300.00 to $330.00 and gave the company a “buy” rating in a report on Thursday, January 16th. Fourteen investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Marriott International has a consensus rating of “Hold” and an average price target of $277.00.

Marriott International 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.