Illinois Municipal Retirement Fund Raises Position in Marriott International, Inc. (NASDAQ:MAR)

Illinois Municipal Retirement Fund grew its stake in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 22.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,672 shares of the company's stock after buying an additional 1,427 shares during the quarter. Illinois Municipal Retirement Fund's holdings in Marriott International were worth $1,827,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of MAR. Straightline Group LLC purchased a new stake in Marriott International during the 4th quarter valued at $495,000. NewEdge Wealth LLC boosted its holdings in shares of Marriott International by 34.4% during 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 during the period. Markel Group Inc. increased its holdings in Marriott International by 30.6% during the 4th quarter. Markel Group Inc. now owns 47,000 shares of the company's stock valued at $13,110,000 after purchasing an additional 11,000 shares during the period. Charles Schwab Investment Management Inc. raised its position in Marriott International by 2.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,477,619 shares of the company's stock valued at $412,167,000 after purchasing an additional 32,288 shares during the last quarter. Finally, JPL Wealth Management LLC purchased a new stake in Marriott International in the 4th quarter worth approximately $463,000. Hedge funds and other institutional investors own 70.70% of the company's stock.

Marriott International Stock Performance

NASDAQ:MAR opened at $273.47 on Monday. The firm has a 50-day simple moving average of $257.62 and a two-hundred day simple moving average of $262.74. The firm has a market cap of $74.90 billion, a P/E ratio of 31.15, a P/E/G ratio of 3.37 and a beta of 1.42. Marriott International, Inc. has a fifty-two week low of $204.55 and a fifty-two week high of $307.52.

Marriott International (NASDAQ:MAR - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $2.32 earnings per share for the quarter, topping analysts' consensus estimates of $2.25 by $0.07. Marriott International had a net margin of 9.75% and a negative return on equity of 100.64%. The company had revenue of $6.26 billion during the quarter, compared to analyst estimates of $6.19 billion. During the same period in the previous year, the business earned $2.13 EPS. The firm's revenue for the quarter was up 4.8% on a year-over-year basis. On average, equities research analysts predict that Marriott International, Inc. will post 10.1 EPS for the current year.

Marriott International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, May 23rd will be issued a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 0.98%. This is an increase from Marriott International's previous quarterly dividend of $0.63. The ex-dividend date of this dividend is Friday, May 23rd. Marriott International's dividend payout ratio (DPR) is presently 30.52%.

Wall Street Analysts Forecast Growth

MAR has been the subject of a number of recent analyst reports. Mizuho decreased their target price on Marriott International from $293.00 to $285.00 and set a "neutral" rating for the company in a report on Wednesday, May 7th. BMO Capital Markets upped their price objective on shares of Marriott International from $250.00 to $265.00 and gave the stock a "market perform" rating in a report on Wednesday, May 7th. Barclays cut their target price on shares of Marriott International from $283.00 to $236.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 22nd. Dbs Bank raised shares of Marriott International from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, May 14th. Finally, Truist Financial cut their price objective on Marriott International from $300.00 to $273.00 and set a "hold" rating on the stock in a research report on Friday, May 30th. Thirteen equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $275.90.

Insider Buying and Selling at Marriott International

In other Marriott International news, CEO Anthony Capuano sold 12,000 shares of the stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $263.90, for a total value of $3,166,800.00. Following the transaction, the chief executive officer now owns 124,067 shares of the company's stock, valued at approximately $32,741,281.30. This represents a 8.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Benjamin T. Breland sold 1,000 shares of the business's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $270.21, for a total value of $270,210.00. Following the sale, the executive vice president now owns 20,724 shares of the company's stock, valued at approximately $5,599,832.04. This represents a 4.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,500 shares of company stock worth $4,107,710. Company insiders own 10.68% of the company's stock.

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.

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