Marriott International, Inc. $MAR Shares Sold by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS cut its holdings in Marriott International, Inc. (NASDAQ:MAR) by 7.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,227 shares of the company’s stock after selling 1,411 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in Marriott International were worth $6,483,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Evelyn Partners Investment Management Services Ltd purchased a new stake in Marriott International in the 1st quarter worth $25,000. IMG Wealth Management Inc. lifted its holdings in Marriott International by 100.0% during the first quarter. IMG Wealth Management Inc. now owns 82 shares of the company’s stock valued at $27,000 after purchasing an additional 41 shares in the last quarter. Wilkerson Advisory Group LLC grew 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 purchasing an additional 47 shares during the period. Scarborough Advisors LLC purchased a new stake in shares of Marriott International during the first quarter worth about $32,000. Finally, Meeder Asset Management Inc. raised its position in shares of Marriott International by 57.6% during the 1st quarter. Meeder Asset Management Inc. now owns 104 shares of the company’s stock worth $34,000 after purchasing an additional 38 shares during the last quarter. Hedge funds and other institutional investors own 70.70% of the company’s stock.

Marriott International Stock Performance

Shares of Marriott International stock opened at $416.47 on Monday. The stock has a 50 day moving average of $366.29 and a 200 day moving average of $358.15. The firm has a market capitalization of $107.24 billion, a price-to-earnings ratio of 41.56, a PEG ratio of 3.07 and a beta of 1.15. Marriott International, Inc. has a fifty-two week low of $280.99 and a fifty-two week high of $433.30.

Marriott International (NASDAQ:MAR) last posted its earnings results on Monday, November 2nd. The company reported $3.02 EPS for the quarter, beating analysts’ consensus estimates of $2.84 by $0.18. Marriott International had a negative return on equity of 69.94% and a net margin of 9.68%. The company had revenue of $7 billion for the quarter, compared to the consensus estimate of $6.93 billion. During the same quarter in the previous year, the business earned $2.47 earnings per share. The company’s revenue for the quarter was up 8.0% on a year-over-year basis. Analysts forecast that Marriott International, Inc. will post 12.10 EPS for the current year.

Marriott International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Thursday, November 19th will be issued a $0.73 dividend. This represents a $2.92 annualized dividend and a yield of 0.7%. The ex-dividend date is Thursday, November 19th. Marriott International’s payout ratio is 29.14%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on MAR. Barclays raised their price target on shares of Marriott International from $363.00 to $409.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 3rd. Truist Financial boosted their price objective on Marriott International from $356.00 to $360.00 and gave the stock a “hold” rating in a research note on Thursday, September 10th. Wolfe Research initiated coverage on Marriott International in a report on Wednesday, September 2nd. They set a “hold” rating for the company. CICC Research started coverage on Marriott International in a research report on Wednesday, August 12th. They issued an “outperform” rating and a $410.00 target price on the stock. Finally, JPMorgan Chase & Co. lifted their price target on Marriott International from $388.00 to $406.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 21st. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Marriott International currently has an average rating of “Moderate Buy” and an average price target of $399.04.

Key Marriott International News

Here are the key news stories impacting Marriott International this week:

• Positive Sentiment: Marriott declared a quarterly cash dividend of $0.73 per share, payable December 31 to shareholders of record November 19. The annualized dividend is $2.92, a modest income-return component for investors. Marriott dividend announcement
• Positive Sentiment: Recent quarterly results beat analyst estimates for earnings and revenue; a MarketBeat review noted that fee growth outpaced room revenue, supporting the view that Marriott’s performance is not solely dependent on travel demand. Marriott earnings analysis
• Positive Sentiment: Marriott is entering Laos with a Luxury Collection property, extending its international brand presence and potential fee-generating hotel network. Marriott debuts in Laos
• Positive Sentiment: Recent headlines point to bullish views from Robert W. Baird, Barclays and Goldman Sachs, while Zacks characterized MAR as a strong momentum stock. These indicate favorable analyst and trend sentiment, though the provided reports give no price targets or detailed rationale. Baird view Barclays view Goldman Sachs view Zacks momentum article
• Negative Sentiment: CEO Anthony Capuano sold 63,355 shares for about $26.6 million, reducing his direct stake by 55.47%. EVPs Rena Reiss and Benjamin Breland also sold shares. Multiple insider sales can raise investor concern, although the filings alone do not establish the executives’ reasons. CEO SEC filing Rena Reiss SEC filing Benjamin Breland SEC filing
• Negative Sentiment: Freedom Broker downgraded Marriott from “strong buy” to “hold,” tempering the otherwise positive analyst headlines. Freedom Broker ratings

Insider Buying and Selling

In other Marriott International news, insider David Marriott sold 3,500 shares of the company’s stock in a transaction dated Friday, September 25th. The shares were sold at an average price of $352.09, for a total value of $1,232,315.00. Following the transaction, the insider owned 282,383 shares of the company’s stock, valued at $99,424,230.47. This represents a 1.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Deborah Harrison sold 3,500 shares of the stock in a transaction dated Friday, September 25th. The stock was sold at an average price of $352.09, for a total transaction of $1,232,315.00. Following the transaction, the insider directly owned 282,383 shares of the company’s stock, valued at approximately $99,424,230.47. This trade represents a 1.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 77,824 shares of company stock valued at $32,243,110 over the last three months. Company insiders own 11.43% of the company’s stock.

About Marriott International

Marriott International is a global lodging company that manages, franchises, and licenses hotels, resorts, and other accommodations. Its portfolio spans luxury, premium, select-service, and extended-stay brands, including The Ritz-Carlton, St. Regis, W Hotels, Marriott, Sheraton, Courtyard, Residence Inn, and Moxy.

The company traces its origins to a root beer stand opened by J. Willard and Alice Marriott in Washington, DC, in 1927. It entered the lodging business in the 1950s and is headquartered in Bethesda, Maryland.

Marriott serves travelers in countries and territories around the world and offers the Marriott Bonvoy loyalty program.