Accordant Advisory Group Inc Buys Shares of 700 Marriott International, Inc. (NASDAQ:MAR)

Accordant Advisory Group Inc acquired a new stake in Marriott International, Inc. (NASDAQ:MAR) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 700 shares of the company’s stock, valued at approximately $174,000.

Other hedge funds also recently bought and sold shares of the company. Bangor Savings Bank boosted its holdings in Marriott International by 131.1% in the 2nd quarter. Bangor Savings Bank now owns 104 shares of the company’s stock valued at $25,000 after purchasing an additional 59 shares during the period. Hantz Financial Services Inc. bought a new stake in Marriott International during the second quarter valued at $26,000. MFA Wealth Advisors LLC purchased a new position in Marriott International during the second quarter worth about $28,000. Annapolis Financial Services LLC bought a new position in Marriott International in the 1st quarter worth about $34,000. Finally, Unique Wealth Strategies LLC bought a new stake in shares of Marriott International during the 2nd quarter valued at about $35,000. Hedge funds and other institutional investors own 70.70% of the company’s stock.

Marriott International Price Performance

Shares of NASDAQ:MAR opened at $265.50 on Wednesday. The stock’s 50-day moving average is $240.93 and its 200 day moving average is $238.52. The company has a market cap of $75.83 billion, a PE ratio of 27.40, a P/E/G ratio of 6.15 and a beta of 1.59. Marriott International, Inc. has a 1 year low of $180.75 and a 1 year high of $266.58.

Marriott International (NASDAQ:MAR) last announced its earnings results on Wednesday, July 31st. The company reported $2.50 EPS for the quarter, beating analysts’ consensus estimates of $2.49 by $0.01. The company had revenue of $6.44 billion during the quarter, compared to the consensus estimate of $6.47 billion. Marriott International had a negative return on equity of 239.60% and a net margin of 12.01%. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.26 earnings per share. Analysts expect that Marriott International, Inc. will post 9.37 EPS for the current fiscal year.

Marriott International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, August 16th were given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 0.95%. The ex-dividend date was Friday, August 16th. Marriott International’s dividend payout ratio is currently 26.01%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. BMO Capital Markets raised their target price on shares of Marriott International from $240.00 to $255.00 and gave the company a “market perform” rating in a research note on Tuesday. Evercore ISI lifted their price objective on shares of Marriott International from $245.00 to $270.00 and gave the stock an “in-line” rating in a report on Monday. Deutsche Bank Aktiengesellschaft reduced their target price on Marriott International from $222.00 to $216.00 and set a “hold” rating on the stock in a research note on Thursday, August 1st. Macquarie reiterated a “neutral” rating and issued a $245.00 price objective on shares of Marriott International in a report on Friday, August 2nd. Finally, Bank of America raised their price objective on Marriott International from $275.00 to $300.00 and gave the company a “buy” rating in a report on Monday. Thirteen investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Marriott International has a consensus rating of “Hold” and an average target price of $255.16.

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.