810 Shares in Marriott International, Inc. (NASDAQ:MAR) Acquired by M3 Advisory Group LLC

M3 Advisory Group LLC acquired a new stake in Marriott International, Inc. (NASDAQ:MAR) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 810 shares of the company’s stock, valued at approximately $201,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bangor Savings Bank lifted its stake in Marriott International by 131.1% in the second quarter. Bangor Savings Bank now owns 104 shares of the company’s stock valued at $25,000 after buying an additional 59 shares during the last quarter. Roble Belko & Company Inc increased its holdings in shares of Marriott International by 845.5% in the first quarter. Roble Belko & Company Inc now owns 104 shares of the company’s stock valued at $26,000 after purchasing an additional 93 shares during the period. Hantz Financial Services Inc. acquired a new position in shares of Marriott International in the second quarter valued at approximately $26,000. MFA Wealth Advisors LLC acquired a new position in shares of Marriott International in the second quarter valued at approximately $28,000. Finally, Benjamin Edwards Inc. acquired a new position in shares of Marriott International in the first quarter valued at approximately $29,000. Hedge funds and other institutional investors own 70.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. The Goldman Sachs Group assumed coverage on Marriott International in a report on Wednesday, September 18th. They issued a “buy” rating and a $267.00 target price on the stock. UBS Group dropped their price objective on Marriott International from $267.00 to $244.00 and set a “neutral” rating on the stock in a report on Tuesday, August 13th. Morgan Stanley dropped their price objective on Marriott International from $268.00 to $250.00 and set an “overweight” rating on the stock in a report on Tuesday, August 6th. Truist Financial dropped their price objective on Marriott International from $263.00 to $254.00 and set a “hold” rating on the stock in a report on Tuesday, August 6th. Finally, Susquehanna started coverage on Marriott International in a report on Friday, June 21st. They set a “neutral” rating and a $255.00 price objective on the stock. Twelve analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $248.65.

Marriott International Trading Up 0.4 %

NASDAQ:MAR traded up $1.06 during trading hours on Friday, hitting $265.63. The stock had a trading volume of 203,171 shares, compared to its average volume of 1,476,172. Marriott International, Inc. has a 1-year low of $180.75 and a 1-year high of $265.73. The business has a 50 day simple moving average of $237.99 and a two-hundred day simple moving average of $238.38. The company has a market cap of $75.87 billion, a PE ratio of 27.30, a price-to-earnings-growth ratio of 6.15 and a beta of 1.59.

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

Marriott International Announces Dividend

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

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.