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

Capital International Ltd. CA increased its position in Marriott International, Inc. (NASDAQ:MAR) by 15.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 21,456 shares of the company’s stock after purchasing an additional 2,928 shares during the period. Capital International Ltd. CA’s holdings in Marriott International were worth $5,985,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Norges Bank acquired a new stake in shares of Marriott International during the fourth quarter worth about $580,922,000. Wellington Management Group LLP raised its stake in Marriott International by 50.8% during the 4th quarter. Wellington Management Group LLP now owns 4,661,101 shares of the company’s stock valued at $1,300,168,000 after acquiring an additional 1,570,144 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Marriott International in the 4th quarter valued at approximately $165,162,000. Invesco Ltd. increased its holdings in shares of Marriott International by 17.4% in the fourth quarter. Invesco Ltd. now owns 3,469,070 shares of the company’s stock valued at $967,662,000 after purchasing an additional 512,963 shares during the period. Finally, Proficio Capital Partners LLC raised its stake in shares of Marriott International by 36,564.5% during the fourth quarter. Proficio Capital Partners LLC now owns 360,779 shares of the company’s stock worth $100,636,000 after purchasing an additional 359,795 shares during the last quarter. 70.70% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Marriott International

In related news, CFO Kathleen K. Oberg sold 14,498 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $278.07, for a total value of $4,031,458.86. Following the completion of the sale, the chief financial officer now directly owns 14,282 shares in the company, valued at approximately $3,971,395.74. This represents a 50.38 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Susan C. Schwab sold 1,054 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $277.48, for a total value of $292,463.92. Following the transaction, the director now directly owns 4,551 shares in the company, valued at $1,262,811.48. This trade represents a 18.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 31,694 shares of company stock worth $8,938,132 in the last ninety days. Insiders own 12.32% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on MAR shares. Wells Fargo & Company dropped 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 note on Tuesday, February 18th. Stifel Nicolaus dropped their price target on shares of Marriott International from $295.00 to $240.00 and set a “hold” rating on the stock in a research note on Wednesday. UBS Group raised their price objective on shares of Marriott International from $294.00 to $301.00 and gave the company a “neutral” rating in a research report on Wednesday, February 12th. Mizuho boosted their target price on Marriott International from $246.00 to $293.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 12th. Finally, Barclays reduced their price target on Marriott International from $287.00 to $283.00 and set an “equal weight” rating for the company in a report on Wednesday, February 12th. Fourteen research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, Marriott International currently has a consensus rating of “Hold” and an average target price of $277.00.

Marriott International Price Performance

Shares of MAR opened at $220.41 on Friday. Marriott International, Inc. has a 1-year low of $204.55 and a 1-year high of $307.52. The stock has a market cap of $60.82 billion, a price-to-earnings ratio of 26.49, a price-to-earnings-growth ratio of 3.42 and a beta of 1.42. The firm has a 50 day simple moving average of $251.42 and a 200-day simple moving average of $268.42.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings data on Tuesday, February 11th. The company reported $2.45 earnings per share for the quarter, beating analysts’ consensus estimates of $2.37 by $0.08. Marriott International had a net margin of 9.46% and a negative return on equity of 116.67%. On average, equities analysts expect that Marriott International, Inc. will post 10.1 earnings per share for the current fiscal year.

Marriott International Dividend Announcement

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

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.