Kornitzer Capital Management Inc. KS Lowers Stock Holdings in Marriott International, Inc. $MAR

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

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. McMillan Office Inc. purchased a new stake in Marriott International in the 4th quarter worth $27,000. Kemnay Advisory Services Inc. purchased a new position in Marriott International during the fourth quarter valued at $27,000. Basepoint Wealth LLC acquired a new stake in shares of Marriott International in the fourth quarter valued at about $28,000. Godfrey Financial Associates Inc. purchased a new stake in shares of Marriott International during the fourth quarter worth about $31,000. Finally, Advocate Investing Services LLC acquired a new position in shares of Marriott International during the 4th quarter worth about $31,000. Hedge funds and other institutional investors own 70.70% of the company’s stock.

Marriott International Trading Up 1.0%

MAR stock traded up $3.64 during mid-day trading on Friday, reaching $376.11. The company’s stock had a trading volume of 1,028,410 shares, compared to its average volume of 1,521,519. The company’s 50 day moving average is $375.43 and its two-hundred day moving average is $348.38. Marriott International, Inc. has a fifty-two week low of $253.76 and a fifty-two week high of $410.98. The stock has a market cap of $99.18 billion, a PE ratio of 39.47, a P/E/G ratio of 2.99 and a beta of 1.11.

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. Marriott International had a negative return on equity of 80.97% and a net margin of 9.72%.The business had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $6.59 billion. During the same period in the previous year, the firm posted $2.32 EPS. The business’s revenue for the quarter was up 6.2% compared to the same quarter last year. 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 forecast that Marriott International, Inc. will post 11.64 earnings per share for the current fiscal year.

Marriott International Increases Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. JPMorgan Chase & Co. lifted their price objective on Marriott International from $356.00 to $383.00 and gave the stock a “neutral” rating in a report on Tuesday, April 21st. Barclays raised their target price 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. Susquehanna boosted their price target on Marriott International from $280.00 to $385.00 and gave the stock a “neutral” rating in a research report on Thursday, April 23rd. Robert W. Baird reduced their price objective on Marriott International from $388.00 to $386.00 and set a “neutral” rating for the company in a research note on Thursday, May 7th. Finally, UBS Group lifted their target price 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. Eight investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $384.73.

Insider Activity at Marriott International

In other news, EVP Peggy Roe sold 3,000 shares of Marriott International stock in a transaction on Monday, May 18th. The stock was sold at an average price of $361.56, for a total transaction of $1,084,680.00. Following the transaction, the executive vice president owned 19,827 shares in the company, valued at $7,168,650.12. The trade was a 13.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 11.43% of the stock is currently owned by corporate 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.