Kornitzer Capital Management Inc. KS Sells 3,594 Shares of Marriott International, Inc. $MAR

Kornitzer Capital Management Inc. KS decreased its stake in shares of Marriott International, Inc. (NASDAQ:MAR) by 12.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,070 shares of the company’s stock after selling 3,594 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in Marriott International were worth $6,529,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of MAR. Oppenheimer Asset Management Inc. bought a new position in Marriott International in the second quarter worth $613,000. Headwater Capital Co Ltd purchased a new stake in shares of Marriott International in the 2nd quarter worth about $21,857,000. Index Fund Advisors Inc. bought a new position in shares of Marriott International in the 2nd quarter worth about $666,000. Harbor Investment Advisory LLC boosted its stake in Marriott International by 2.7% during the third quarter. Harbor Investment Advisory LLC now owns 572,367 shares of the company’s stock worth $149,067,000 after acquiring an additional 14,898 shares in the last quarter. Finally, Pine Haven Investment Counsel Inc bought a new stake in Marriott International during the third quarter worth about $965,000. 70.70% of the stock is currently owned by hedge funds and other institutional investors.

Marriott International Stock Performance

MAR opened at $313.95 on Wednesday. The company’s 50-day simple moving average is $309.33 and its two-hundred day simple moving average is $283.08. Marriott International, Inc. has a 52-week low of $205.40 and a 52-week high of $331.09. The stock has a market capitalization of $84.25 billion, a P/E ratio of 33.15, a P/E/G ratio of 2.46 and a beta of 1.16.

Marriott International (NASDAQ:MAR) last released its quarterly earnings data on Tuesday, November 4th. The company reported $2.47 earnings per share for the quarter, beating the consensus estimate of $2.38 by $0.09. Marriott International had a net margin of 10.07% and a negative return on equity of 89.29%. The firm had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $6.46 billion. Marriott International has set its Q4 2025 guidance at 2.540-2.620 EPS and its FY 2025 guidance at 9.980-10.060 EPS. Research analysts forecast that Marriott International, Inc. will post 10.1 EPS for the current fiscal year.

Marriott International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Thursday, November 20th were paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Thursday, November 20th. Marriott International’s dividend payout ratio (DPR) is 28.30%.

Analyst Ratings Changes

MAR has been the subject of several recent research reports. The Goldman Sachs Group upgraded shares of Marriott International from a “neutral” rating to a “buy” rating and lifted their target price for the company from $288.00 to $345.00 in a report on Monday, December 15th. Morgan Stanley lifted their price objective on Marriott International from $296.00 to $328.00 and gave the company an “overweight” rating in a research note on Friday, January 16th. Evercore ISI increased their target price on Marriott International from $320.00 to $350.00 and gave the stock an “outperform” rating in a research note on Thursday, January 22nd. Wells Fargo & Company assumed coverage on Marriott International in a research report on Tuesday, November 18th. They issued an “overweight” rating and a $329.00 price target for the company. Finally, BMO Capital Markets upgraded shares of Marriott International from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $285.00 to $370.00 in a research note on Friday, January 9th. Three analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, Marriott International presently has a consensus rating of “Moderate Buy” and an average target price of $313.75.

Insider Activity at Marriott International

In other news, EVP Rena Hozore Reiss sold 5,483 shares of the company’s stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $287.11, for a total transaction of $1,574,224.13. Following the completion of the sale, the executive vice president owned 39,360 shares of the company’s stock, valued at $11,300,649.60. This represents a 12.23% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Benjamin T. Breland sold 1,650 shares of the business’s stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $286.10, for a total transaction of $472,065.00. Following the sale, the executive vice president owned 18,225 shares of the company’s stock, valued at $5,214,172.50. This trade represents a 8.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 88,289 shares of company stock valued at $25,669,425 in the last 90 days. 10.68% of the stock is owned by company insiders.

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.