Marriott International, Inc. (NASDAQ:MAR) Stake Boosted by Capital Research Global Investors

Capital Research Global Investors lifted its stake in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 0.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,072,753 shares of the company's stock after acquiring an additional 1,743 shares during the period. Capital Research Global Investors owned 0.39% of Marriott International worth $299,234,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Straightline Group LLC purchased a new stake in shares of Marriott International during the fourth quarter valued at $495,000. NewEdge Wealth LLC boosted its position in shares of Marriott International by 34.4% in the fourth quarter. NewEdge Wealth LLC now owns 4,345 shares of the company's stock worth $1,212,000 after buying an additional 1,112 shares during the period. Oddo BHF Asset Management Sas purchased a new position in Marriott International during the 3rd quarter valued at about $2,721,000. Union Bancaire Privee UBP SA purchased a new stake in Marriott International in the 4th quarter worth approximately $2,990,000. Finally, Markel Group Inc. lifted its stake in Marriott International by 30.6% in the fourth quarter. Markel Group Inc. now owns 47,000 shares of the company's stock valued at $13,110,000 after acquiring an additional 11,000 shares during the last quarter. 70.70% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Marriott International

In other news, EVP Rena Hozore Reiss sold 3,500 shares of the firm's stock in a transaction on 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 sale, the executive vice president now owns 24,733 shares in the company, valued at $7,089,714.45. This trade represents a 12.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider William P. Brown sold 12,642 shares of the company's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $285.63, for a total value of $3,610,934.46. Following the sale, the insider now owns 30,919 shares of the company's stock, valued at $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. Insiders have sold a total of 31,694 shares of company stock worth $8,938,132 over the last ninety days. 10.68% of the stock is currently owned by company insiders.

Marriott International Price Performance

Shares of MAR stock traded up $9.21 on Wednesday, hitting $229.80. The stock had a trading volume of 3,492,506 shares, compared to its average volume of 1,573,366. The company's 50 day moving average price is $247.22 and its 200-day moving average price is $267.90. Marriott International, Inc. has a 1 year low of $204.55 and a 1 year high of $307.52. The firm has a market capitalization of $63.42 billion, a P/E ratio of 27.62, a P/E/G ratio of 3.42 and a beta of 1.42.

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

Marriott International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, February 27th were paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 1.10%. The ex-dividend date was Thursday, February 27th. Marriott International's dividend payout ratio (DPR) is presently 30.29%.

Wall Street Analyst Weigh In

MAR has been the subject of a number of recent analyst reports. Jefferies Financial Group dropped their price target on Marriott International from $295.00 to $226.00 and set a "hold" rating for the company in a report on Wednesday, April 9th. Stifel Nicolaus dropped their price objective on Marriott International from $295.00 to $240.00 and set a "hold" rating for the company in a research report on Wednesday, April 16th. Wells Fargo & Company reduced their price target on shares of Marriott International from $285.00 to $277.00 and set an "equal weight" rating for the company in a research report on Tuesday, February 18th. UBS Group lifted their price objective on shares of Marriott International from $294.00 to $301.00 and gave the company a "neutral" rating in a report on Wednesday, February 12th. Finally, Mizuho upped their target price on shares of Marriott International from $246.00 to $293.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 12th. Fourteen 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 a consensus target price of $273.10.

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.