Marriott International, Inc. (NASDAQ:MAR) Shares Bought by Capital Group Private Client Services Inc.

Capital Group Private Client Services Inc. increased its position in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 8.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 127,428 shares of the company's stock after buying an additional 10,391 shares during the period. Capital Group Private Client Services Inc.'s holdings in Marriott International were worth $35,545,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the business. Straightline Group LLC acquired a new position in Marriott International during the 4th quarter worth $495,000. NewEdge Wealth LLC grew its stake in 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 purchasing an additional 1,112 shares in the last quarter. Oddo BHF Asset Management Sas bought a new stake in Marriott International in the third quarter valued at about $2,721,000. Union Bancaire Privee UBP SA bought a new position in Marriott International during the 4th quarter worth approximately $2,990,000. Finally, Markel Group Inc. increased its holdings in shares of Marriott International by 30.6% in the 4th 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.

Marriott International Price Performance

NASDAQ MAR opened at $220.41 on Friday. Marriott International, Inc. has a 12 month low of $204.55 and a 12 month high of $307.52. The company's 50 day simple moving average is $251.42 and its 200 day simple moving average is $268.42. The company has a market capitalization of $60.82 billion, a P/E ratio of 26.49, a PEG ratio of 3.42 and a beta of 1.42.

Marriott International (NASDAQ:MAR - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The company reported $2.45 earnings per share (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%. On average, analysts anticipate that Marriott International, Inc. will post 10.1 earnings per share for the current year.

Marriott International Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on MAR shares. Evercore ISI raised shares of Marriott International from an "in-line" rating to an "outperform" rating and set a $330.00 price objective for the company in a report on Tuesday, February 4th. Jefferies Financial Group decreased their price target on shares of Marriott International from $295.00 to $226.00 and set a "hold" rating for the company in a report on Wednesday, April 9th. Argus raised their target price on shares of Marriott International from $300.00 to $330.00 and gave the stock a "buy" rating in a report on Thursday, January 16th. Stifel Nicolaus lowered their target price on Marriott International from $295.00 to $240.00 and set a "hold" rating for the company in a report on Wednesday. Finally, Barclays cut their price target on Marriott International from $287.00 to $283.00 and set an "equal weight" rating on the stock 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 data from MarketBeat.com, Marriott International currently has an average rating of "Hold" and a consensus price target of $277.00.

Insider Buying and Selling

In other Marriott International news, 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 transaction, the insider now directly owns 30,919 shares of the company's stock, valued at $8,831,393.97. This represents a 29.02 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Kathleen K. Oberg sold 14,498 shares of Marriott International stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $278.07, for a total transaction of $4,031,458.86. Following the completion of the sale, the chief financial officer now owns 14,282 shares of the company's stock, valued at $3,971,395.74. This trade represents a 50.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 31,694 shares of company stock worth $8,938,132. 12.32% of the stock is owned by company insiders.

About Marriott International

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.

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