13,729 Shares in Marriott Vacations Worldwide Corporation $VAC Acquired by Jupiter Topco LLC

Key Points

• Jupiter Topco LLC acquired 13,729 shares of Marriott Vacations Worldwide worth approximately $1.4 million during the second quarter. Institutional investors collectively own 89.52% of the company.
• Analyst sentiment is mixed: the stock has an average rating of “Hold” and an average price target of $101.45, though Barclays raised its target to $140 and Goldman Sachs maintained a $132 target.
• Marriott Vacations Worldwide exceeded quarterly earnings expectations, reporting $2.31 in EPS and $1.32 billion in revenue, while declaring a quarterly dividend of $0.80 per share, equivalent to a 3.0% annualized yield.

Jupiter Topco LLC acquired a new stake in Marriott Vacations Worldwide Corporation (NYSE:VAC - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 13,729 shares of the company's stock, valued at approximately $1,399,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Hsbc Holdings PLC purchased a new position in Marriott Vacations Worldwide in the second quarter valued at $286,000. Ancora Advisors LLC acquired a new position in shares of Marriott Vacations Worldwide during the second quarter worth $16,002,000. Legal & General Group Plc purchased a new position in Marriott Vacations Worldwide in the second quarter valued at $6,681,000. The Manufacturers Life Insurance Company purchased a new stake in Marriott Vacations Worldwide during the 2nd quarter worth about $1,435,000. Finally, Cullen Capital Management LLC purchased a new position in shares of Marriott Vacations Worldwide in the 2nd quarter valued at about $1,311,000. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

VAC has been the subject of a number of research analyst reports. Weiss Ratings raised Marriott Vacations Worldwide from a "sell (d)" rating to a "sell (d+)" rating in a report on Friday, August 7th. Morgan Stanley reaffirmed an "underweight" rating and issued a $65.00 target price on shares of Marriott Vacations Worldwide in a research report on Tuesday, August 18th. Barclays lifted their target price on Marriott Vacations Worldwide from $94.00 to $140.00 and gave the stock an "overweight" rating in a research report on Friday, August 7th. The Goldman Sachs Group reissued a "buy" rating and issued a $132.00 target price on shares of Marriott Vacations Worldwide in a report on Friday, August 7th. Finally, Zacks Research upgraded shares of Marriott Vacations Worldwide from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $101.45.

Insider Buying and Selling at Marriott Vacations Worldwide

In other news, insider Kathleen A. Pighini sold 2,500 shares of Marriott Vacations Worldwide stock in a transaction on Monday, August 17th. The stock was sold at an average price of $120.00, for a total transaction of $300,000.00. Following the completion of the transaction, the insider owned 10,821 shares of the company's stock, valued at $1,298,520. The trade was a 18.77% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Christian Asmar sold 750,000 shares of the stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $111.49, for a total transaction of $83,617,500.00. Following the completion of the sale, the director directly owned 3,380,818 shares in the company, valued at approximately $376,927,398.82. The trade was a 18.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 13.30% of the company's stock.

Marriott Vacations Worldwide Price Performance

Shares of NYSE VAC opened at $106.70 on Friday. The firm has a market capitalization of $3.67 billion, a P/E ratio of -10.95, a PEG ratio of 1.89 and a beta of 1.24. Marriott Vacations Worldwide Corporation has a one year low of $44.58 and a one year high of $131.34. The company's fifty day moving average is $105.12 and its two-hundred day moving average is $85.37. The company has a debt-to-equity ratio of 2.65, a quick ratio of 2.99 and a current ratio of 3.56.

Marriott Vacations Worldwide (NYSE:VAC - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported $2.31 EPS for the quarter, topping the consensus estimate of $1.97 by $0.34. Marriott Vacations Worldwide had a positive return on equity of 12.27% and a negative net margin of 6.47%.The business had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same quarter in the previous year, the company earned $1.96 EPS. The company's quarterly revenue was up 5.9% on a year-over-year basis. Marriott Vacations Worldwide has set its FY 2026 guidance at 8.250-9.050 EPS. Analysts forecast that Marriott Vacations Worldwide Corporation will post 8.7 EPS for the current fiscal year.

Marriott Vacations Worldwide Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be given a $0.80 dividend. The ex-dividend date is Wednesday, September 16th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.0%. Marriott Vacations Worldwide's dividend payout ratio (DPR) is currently -32.85%.

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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