Kornitzer Capital Management Inc. KS Cuts Position in Marriott International, Inc. $MAR

Kornitzer Capital Management Inc. KS reduced its position in shares of Marriott International, Inc. (NASDAQ:MAR) by 9.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,070 shares of the company’s stock after selling 2,020 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in Marriott International were worth $6,564,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the company. Wellington Management Group LLP grew its position in Marriott International by 21.7% in the 3rd quarter. Wellington Management Group LLP now owns 9,175,377 shares of the company’s stock valued at $2,389,635,000 after acquiring an additional 1,637,119 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Marriott International by 2.7% in the fourth quarter. Invesco Ltd. now owns 4,440,359 shares of the company’s stock valued at $1,377,577,000 after purchasing an additional 118,504 shares during the period. Capital International Investors grew its holdings in shares of Marriott International by 7.1% in the fourth quarter. Capital International Investors now owns 4,107,531 shares of the company’s stock valued at $1,274,475,000 after purchasing an additional 272,250 shares in the last quarter. Norges Bank purchased a new stake in Marriott International during the 4th quarter worth approximately $812,570,000. Finally, Price T Rowe Associates Inc. MD boosted its position in Marriott International by 13.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,879,028 shares of the company’s stock valued at $582,952,000 after buying an additional 219,579 shares during the period. Institutional investors and hedge funds own 70.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on MAR. UBS Group boosted their price target on shares of Marriott International from $336.00 to $412.00 and gave the stock a “neutral” rating in a research note on Monday, June 15th. Morgan Stanley lifted their target price on Marriott International from $350.00 to $353.00 and gave the company an “overweight” rating in a report on Tuesday, May 12th. Weiss Ratings restated a “buy (b)” rating on shares of Marriott International in a report on Monday, May 11th. Barclays increased their price target on Marriott International from $372.00 to $376.00 and gave the company an “equal weight” rating in a research report on Thursday, May 7th. Finally, Mizuho boosted their price objective on Marriott International from $343.00 to $384.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Eight research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Marriott International presently has an average rating of “Moderate Buy” and a consensus price target of $384.73.

Insider Activity

In related news, EVP Peggy Roe sold 3,000 shares of the stock in a transaction on Monday, May 18th. The shares were sold at an average price of $361.56, for a total value of $1,084,680.00. Following the transaction, the executive vice president directly owned 19,827 shares of the company’s stock, valued at $7,168,650.12. This trade represents a 13.14% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 11.43% of the company’s stock.

Marriott International Stock Performance

Shares of NASDAQ:MAR traded up $3.64 on Friday, hitting $376.11. 1,028,410 shares of the company’s stock were exchanged, compared to its average volume of 1,521,519. Marriott International, Inc. has a 1-year low of $253.76 and a 1-year high of $410.98. The company has a market capitalization of $99.18 billion, a PE ratio of 39.47, a P/E/G ratio of 2.99 and a beta of 1.11. The firm’s 50-day moving average is $375.43 and its 200 day moving average is $348.38.

Marriott International (NASDAQ:MAR) last issued its earnings results on Wednesday, May 6th. The company reported $2.72 earnings per share for the quarter, topping the consensus estimate of $2.56 by $0.16. The business had revenue of $1.81 billion for the quarter, compared to analyst estimates of $6.59 billion. Marriott International had a negative return on equity of 80.97% and a net margin of 9.72%.The business’s quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter last year, the company earned $2.32 EPS. Marriott International has set its FY 2026 guidance at 11.380-11.630 EPS and its Q2 2026 guidance at 2.990-3.060 EPS. On average, analysts anticipate that Marriott International, Inc. will post 11.64 EPS for the current fiscal year.

Marriott International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Friday, May 22nd were given a dividend of $0.73 per share. The ex-dividend date was Friday, May 22nd. This represents a $2.92 annualized dividend and a dividend yield of 0.8%. This is a boost from Marriott International’s previous quarterly dividend of $0.67. Marriott International’s payout ratio is presently 30.64%.

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.