13,324 Shares in Marriott Vacations Worldwide Corporation $VAC Purchased by Illinois Municipal Retirement Fund

Key Points

• Illinois Municipal Retirement Fund opened a new position in Marriott Vacations Worldwide during the first quarter, buying 13,324 shares worth about $868,000.
• Institutional ownership in VAC remains high, with the article noting that hedge funds and other institutions own about 89.52% of the stock.
• Marriott Vacations Worldwide reported quarterly earnings of $1.24 per share, missing analyst estimates, though revenue came in above expectations at $1.26 billion and the company maintained a 3.4% dividend yield.

Illinois Municipal Retirement Fund acquired a new position in shares of Marriott Vacations Worldwide Corporation (NYSE:VAC - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 13,324 shares of the company's stock, valued at approximately $868,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in VAC. Advisory Services Network LLC bought a new stake in shares of Marriott Vacations Worldwide in the 3rd quarter valued at approximately $27,000. IFP Advisors Inc increased its position in shares of Marriott Vacations Worldwide by 1,828.0% during the 3rd quarter. IFP Advisors Inc now owns 482 shares of the company's stock valued at $32,000 after purchasing an additional 457 shares during the last quarter. Leonteq Securities AG purchased a new stake in Marriott Vacations Worldwide during the 4th quarter valued at $35,000. Kestra Advisory Services LLC purchased a new stake in Marriott Vacations Worldwide during the 4th quarter valued at $37,000. Finally, International Assets Investment Management LLC raised its holdings in Marriott Vacations Worldwide by 877.2% during the 1st quarter. International Assets Investment Management LLC now owns 557 shares of the company's stock valued at $38,000 after buying an additional 500 shares during the period. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

VAC has been the subject of several recent analyst reports. Zacks Research lowered shares of Marriott Vacations Worldwide from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, June 2nd. Morgan Stanley increased their target price on shares of Marriott Vacations Worldwide from $51.00 to $52.00 and gave the company an "underweight" rating in a research note on Friday, July 17th. Barclays raised their target price on shares of Marriott Vacations Worldwide from $80.00 to $94.00 and gave the stock an "overweight" rating in a report on Wednesday, May 6th. Mizuho set a $103.00 price target on shares of Marriott Vacations Worldwide in a research note on Wednesday, May 6th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Marriott Vacations Worldwide from $92.00 to $119.00 and gave the company a "buy" rating in a report on Tuesday, June 30th. Seven analysts have rated the stock with a Buy rating, two have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $86.70.

Marriott Vacations Worldwide Price Performance

VAC opened at $93.62 on Friday. The business has a fifty day moving average of $91.81 and a 200 day moving average of $74.42. The stock has a market cap of $3.22 billion, a P/E ratio of -9.28, a PEG ratio of 2.20 and a beta of 1.22. The company has a quick ratio of 2.77, a current ratio of 3.30 and a debt-to-equity ratio of 2.80. Marriott Vacations Worldwide Corporation has a 52-week low of $44.58 and a 52-week high of $105.97.

Marriott Vacations Worldwide (NYSE:VAC - Get Free Report) last released its earnings results on Tuesday, May 5th. The company reported $1.24 earnings per share for the quarter, missing analysts' consensus estimates of $1.67 by ($0.43). Marriott Vacations Worldwide had a positive return on equity of 11.37% and a negative net margin of 6.72%.The business had revenue of $1.26 billion during the quarter, compared to analysts' expectations of $1.20 billion. During the same quarter in the previous year, the business earned $1.66 EPS. The business's revenue for the quarter was up 4.8% on a year-over-year basis. Marriott Vacations Worldwide has set its FY 2026 guidance at 7.050-7.800 EPS. As a group, sell-side analysts anticipate that Marriott Vacations Worldwide Corporation will post 7.32 EPS for the current year.

Marriott Vacations Worldwide Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Wednesday, May 27th were paid a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend was Wednesday, May 27th. Marriott Vacations Worldwide's dividend payout ratio (DPR) is currently -31.71%.

Marriott Vacations Worldwide Profile

Marriott Vacations Worldwide Corporation, headquartered in Orlando, Florida, specializes in the development, marketing and management of vacation ownership resorts and related products. Originally launched as a division of Marriott International in 1984, the company became a separate publicly traded entity in 2011. Since then, it has expanded its offerings through both organic growth and strategic acquisitions, establishing itself as a leading provider in the global timeshare industry.

The company's core business activities include selling vacation ownership interests, managing a growing portfolio of branded resorts and operating a loyalty program that allows members to exchange or use points at affiliated properties.

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