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

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

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in Marriott International by 1.5% during the second quarter. Vanguard Group Inc. now owns 20,543,195 shares of the company’s stock valued at $5,612,606,000 after purchasing an additional 306,717 shares in the last quarter. State Street Corp raised its position in shares of Marriott International by 1.2% during the 2nd quarter. State Street Corp now owns 9,488,566 shares of the company’s stock valued at $2,592,371,000 after purchasing an additional 114,973 shares during the period. Geode Capital Management LLC lifted its stake in shares of Marriott International by 2.0% during the 2nd quarter. Geode Capital Management LLC now owns 5,223,539 shares of the company’s stock valued at $1,420,308,000 after buying an additional 102,798 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in Marriott International by 7.2% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,921,767 shares of the company’s stock worth $1,281,825,000 after buying an additional 330,952 shares during the period. Finally, Invesco Ltd. increased its stake in Marriott International by 5.0% in the 2nd quarter. Invesco Ltd. now owns 4,330,656 shares of the company’s stock worth $1,183,178,000 after buying an additional 206,820 shares in the last quarter. 70.70% of the stock is owned by hedge funds and other institutional investors.

Marriott International Trading Down 0.9%

Shares of NASDAQ MAR opened at $313.95 on Wednesday. Marriott International, Inc. has a 12-month low of $205.40 and a 12-month high of $331.09. The firm’s 50-day moving average price is $309.33 and its 200-day moving average price is $283.08. The stock has a market capitalization of $84.25 billion, a price-to-earnings ratio of 33.15, a P/E/G ratio of 2.46 and a beta of 1.16.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings data on Tuesday, November 4th. The company reported $2.47 earnings per share for the quarter, topping the consensus estimate of $2.38 by $0.09. The company had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $6.46 billion. Marriott International had a negative return on equity of 89.29% and a net margin of 10.07%.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. On average, equities analysts predict that Marriott International, Inc. will post 10.1 EPS for the current fiscal year.

Marriott International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Thursday, November 20th were paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Thursday, November 20th. Marriott International’s payout ratio is presently 28.30%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on MAR shares. Citigroup upped their price objective on Marriott International from $285.00 to $345.00 and gave the stock a “neutral” rating in a research note on Thursday, January 15th. Truist Financial increased their price objective on shares of Marriott International from $278.00 to $283.00 and gave the company a “hold” rating in a report on Thursday, December 4th. Robert W. Baird lowered their target price on shares of Marriott International from $287.00 to $285.00 and set a “neutral” rating on the stock in a report on Tuesday, October 21st. Barclays raised their target price on shares of Marriott International from $276.00 to $320.00 and gave the company an “equal weight” rating in a research note on Friday, January 16th. Finally, Sanford C. Bernstein increased their price objective on shares of Marriott International from $329.00 to $369.00 and gave the company an “outperform” rating in a report on Tuesday, January 6th. Three research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $313.75.

Insiders Place Their Bets

In other news, EVP Rena Hozore Reiss sold 5,483 shares of the firm’s stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $287.11, for a total value of $1,574,224.13. Following the completion of the sale, the executive vice president owned 39,360 shares in the company, valued at approximately $11,300,649.60. This trade represents a 12.23% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Felitia Lee sold 1,617 shares of the stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $305.98, for a total transaction of $494,769.66. Following the completion of the sale, the chief accounting officer directly owned 4,893 shares in the company, valued at $1,497,160.14. This trade represents a 24.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 88,289 shares of company stock valued at $25,669,425. 10.68% of the stock is currently owned by company insiders.

About Marriott International

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.