Kornitzer Capital Management Inc. KS Has $7.83 Million Holdings in Marriott International, Inc. $MAR

Kornitzer Capital Management Inc. KS trimmed its position in shares of Marriott International, Inc. (NASDAQ:MAR) by 2.9% during the second quarter, HoldingsChannel reports. The institutional investor owned 28,664 shares of the company’s stock after selling 842 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in Marriott International were worth $7,831,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in MAR. Morse Asset Management Inc bought a new position in Marriott International in the first quarter valued at approximately $30,000. AlphaQuest LLC boosted its holdings in shares of Marriott International by 2,750.0% in the 2nd quarter. AlphaQuest LLC now owns 114 shares of the company’s stock valued at $31,000 after purchasing an additional 110 shares in the last quarter. Banque Transatlantique SA bought a new position in shares of Marriott International in the 1st quarter valued at $52,000. McClarren Financial Advisors Inc. bought a new stake in shares of Marriott International during the 1st quarter worth $57,000. Finally, Hazlett Burt & Watson Inc. grew its position in Marriott International by 32.9% in the first quarter. Hazlett Burt & Watson Inc. now owns 295 shares of the company’s stock valued at $70,000 after acquiring an additional 73 shares during the last quarter. Institutional investors own 70.70% of the company’s stock.

Marriott International Trading Up 0.6%

Shares of MAR opened at $271.32 on Friday. The stock’s 50-day moving average price is $265.86 and its two-hundred day moving average price is $261.77. Marriott International, Inc. has a 12 month low of $205.40 and a 12 month high of $307.52. The company has a market capitalization of $73.65 billion, a PE ratio of 30.59, a PEG ratio of 2.80 and a beta of 1.35.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $2.65 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $2.65. The company had revenue of $6.74 billion during the quarter, compared to the consensus estimate of $6.66 billion. Marriott International had a negative return on equity of 93.44% and a net margin of 9.60%.The firm’s revenue was up 4.7% compared to the same quarter last year. During the same period last year, the company earned $2.50 earnings per share. Marriott International has set its FY 2025 guidance at 9.850-10.080 EPS. Q3 2025 guidance at 2.310-2.390 EPS. Equities research analysts predict that Marriott International, Inc. will post 10.1 EPS for the current fiscal year.

Marriott International announced that its Board of Directors has authorized a share buyback program on Thursday, August 7th that allows the company to buyback 25,000,000 shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s management believes its stock is undervalued.

Marriott International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Thursday, August 21st were paid a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Thursday, August 21st. Marriott International’s dividend payout ratio (DPR) is currently 30.21%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on MAR shares. Barclays reduced their price target on shares of Marriott International from $276.00 to $262.00 and set an “equal weight” rating on the stock in a research note on Friday, October 3rd. BMO Capital Markets cut their target price on shares of Marriott International from $285.00 to $280.00 and set a “market perform” rating on the stock in a research report on Wednesday, August 6th. Morgan Stanley lowered their price target on shares of Marriott International from $302.00 to $296.00 and set an “overweight” rating for the company in a report on Wednesday. Truist Financial boosted their price objective on Marriott International from $273.00 to $278.00 and gave the stock a “hold” rating in a research report on Wednesday, September 3rd. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Marriott International in a research report on Saturday. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and twelve have given a Hold rating to the company’s stock. According to MarketBeat, Marriott International presently has a consensus rating of “Moderate Buy” and a consensus target price of $283.17.

Marriott International Company Profile

Marriott International, Inc engages in operating, franchising, and licensing hotel, residential, timeshare, and other lodging properties worldwide. It operates its properties under the JW Marriott, The Ritz-Carlton, The Luxury Collection, W Hotels, St. Regis, EDITION, Bvlgari, Marriott Hotels, Sheraton, Westin, Autograph Collection, Renaissance Hotels, Le Méridien, Delta Hotels by Marriott, Tribute Portfolio, Gaylord Hotels, Design Hotels, Marriott Executive Apartments, Apartments by Marriott Bonvoy, Courtyard by Marriott, Fairfield by Marriott, Residence Inn by Marriott, SpringHill Suites by Marriott, Four Points by Sheraton, TownePlace Suites by Marriott, Aloft Hotels, AC Hotels by Marriott, Moxy Hotels, Element Hotels, Protea Hotels by Marriott, City Express by Marriott, and St.