Turner Financial Group Inc. Acquires New Position in Marriott International, Inc. $MAR

Turner Financial Group Inc. bought a new position in shares of Marriott International, Inc. (NASDAQ:MAR) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,843 shares of the company’s stock, valued at approximately $1,054,000. Marriott International accounts for 1.1% of Turner Financial Group Inc.’s holdings, making the stock its 18th biggest holding.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Evelyn Partners Investment Management Services Ltd purchased a new position in Marriott International in the 1st quarter valued at approximately $25,000. McMillan Office Inc. purchased a new stake in Marriott International during the fourth quarter worth $27,000. Kemnay Advisory Services Inc. acquired a new stake in Marriott International in the fourth quarter valued at $27,000. Wilkerson Advisory Group LLC increased its position in shares of Marriott International by 127.0% in the first quarter. Wilkerson Advisory Group LLC now owns 84 shares of the company’s stock valued at $27,000 after buying an additional 47 shares in the last quarter. Finally, IMG Wealth Management Inc. raised its stake in shares of Marriott International by 100.0% during the 1st quarter. IMG Wealth Management Inc. now owns 82 shares of the company’s stock worth $27,000 after buying an additional 41 shares during the last quarter. 70.70% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on MAR shares. Mizuho lowered their price objective on shares of Marriott International from $384.00 to $374.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 4th. JPMorgan Chase & Co. lifted their target price on shares of Marriott International from $387.00 to $400.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 21st. Robert W. Baird lowered their price target on shares of Marriott International from $394.00 to $393.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 4th. Erste Group Bank initiated coverage on shares of Marriott International in a research note on Thursday, August 27th. They set a “buy” rating for the company. Finally, Wolfe Research began coverage on Marriott International in a research note on Wednesday. They issued a “hold” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $385.65.

Marriott International Trading Up 0.1%

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

Marriott International (NASDAQ:MAR) last issued its quarterly earnings results on Monday, August 3rd. The company reported $3.19 EPS for the quarter, topping analysts’ consensus estimates of $3.08 by $0.11. The business had revenue of $2.01 billion during 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 company’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.65 earnings per share. 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. As a group, research analysts predict that Marriott International, Inc. will post 11.7 earnings per share for the current year.

Marriott International Announces Dividend

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

Marriott International Company 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.