Turner Financial Group Inc. Takes $1.05 Million Position in Marriott International, Inc. $MAR

Turner Financial Group Inc. bought a new position in Marriott International, Inc. (NASDAQ:MAR) during the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 2,843 shares of the company’s stock, valued at approximately $1,054,000. Marriott International comprises about 1.1% of Turner Financial Group Inc.’s holdings, making the stock its 18th largest holding.

Other large investors also recently bought and sold shares of the company. Evelyn Partners Investment Management Services Ltd acquired a new stake in shares of Marriott International during the 1st quarter worth $25,000. Wilkerson Advisory Group LLC increased its stake in Marriott International by 127.0% during the first quarter. Wilkerson Advisory Group LLC now owns 84 shares of the company’s stock worth $27,000 after acquiring an additional 47 shares during the last quarter. IMG Wealth Management Inc. raised its holdings in shares of Marriott International by 100.0% in the 1st quarter. IMG Wealth Management Inc. now owns 82 shares of the company’s stock worth $27,000 after purchasing an additional 41 shares during the period. Kemnay Advisory Services Inc. acquired a new position in shares of Marriott International in the 4th quarter valued at about $27,000. Finally, McMillan Office Inc. purchased a new stake in shares of Marriott International during the 4th quarter worth about $27,000. Hedge funds and other institutional investors own 70.70% of the company’s stock.

Marriott International Trading Up 0.1%

MAR stock opened at $336.51 on Friday. The firm has a 50 day simple moving average of $361.82 and a 200-day simple moving average of $358.41. The company has a market capitalization of $87.75 billion, a P/E ratio of 34.87, a PEG ratio of 2.53 and a beta of 1.11. Marriott International, Inc. has a twelve month low of $256.76 and a twelve month high of $410.98.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings data on Monday, August 3rd. The company reported $3.19 EPS for the quarter, beating analysts’ consensus estimates of $3.08 by $0.11. The firm had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $7.19 billion. Marriott International had a net margin of 9.62% and a negative return on equity of 75.81%. The firm’s revenue was up 4.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.65 EPS. Marriott International has set its FY 2026 guidance at 11.640-11.810 EPS and its Q3 2026 guidance at 2.740-2.820 EPS. On average, research analysts predict that Marriott International, Inc. will post 11.7 EPS for the current year.

Marriott International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, August 20th will be paid a $0.73 dividend. This represents a $2.92 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Thursday, August 20th. Marriott International’s dividend payout ratio (DPR) is 30.26%.

Analysts Set New Price Targets

MAR has been the topic of several research reports. Wolfe Research started coverage on shares of Marriott International in a report on Wednesday. They issued a “hold” rating on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Marriott International from $387.00 to $400.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 21st. Sanford C. Bernstein set a $412.00 target price on shares of Marriott International in a research note on Monday, June 15th. Morgan Stanley lifted their target price on shares of Marriott International from $353.00 to $380.00 and gave the company an “overweight” rating in a report on Friday, July 17th. Finally, Barclays lowered their price target on Marriott International from $379.00 to $348.00 and set an “equal weight” rating for the company in a report on Tuesday, August 4th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $385.65.

Marriott International Profile

Marriott International is a global lodging company that develops, manages and franchises a broad portfolio of hotels and related lodging facilities. Its core activities include hotel and resort management, franchise operations, property development and the provision of centralized services such as reservations, marketing and loyalty program management. The company’s brand architecture spans market segments from luxury and premium to select-service and extended-stay, enabling it to serve a wide range of business and leisure travelers as well as corporate and group customers.

The company traces its roots to the hospitality business founded by J.