Cubist Systematic Strategies LLC Buys Shares of 35,821 Marriott Vacations Worldwide Corporation $VAC

Key Points

• Cubist Systematic Strategies LLC acquired 35,821 shares of Marriott Vacations Worldwide Corporation valued at approximately $2.3 million, representing a 0.10% ownership stake in the company.
• Several institutional investors have significantly increased their stakes in Marriott Vacations, with Fifth Third Bancorp boosting its holdings by 136.5% during the first quarter.
• Marriott Vacations Worldwide reported an earnings per share (EPS) of $1.96 for the last quarter, exceeding analysts' expectations, and provided a full-year EPS guidance of 6.400-7.100.

Cubist Systematic Strategies LLC purchased a new position in Marriott Vacations Worldwide Corporation (NYSE:VAC - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 35,821 shares of the company's stock, valued at approximately $2,301,000. Cubist Systematic Strategies LLC owned 0.10% of Marriott Vacations Worldwide as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its holdings in shares of Marriott Vacations Worldwide by 6,557.7% in the first quarter. GAMMA Investing LLC now owns 14,647 shares of the company's stock worth $941,000 after buying an additional 14,427 shares in the last quarter. Captrust Financial Advisors purchased a new stake in Marriott Vacations Worldwide in the fourth quarter worth about $440,000. Wealth Enhancement Advisory Services LLC lifted its position in shares of Marriott Vacations Worldwide by 74.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 13,653 shares of the company's stock valued at $1,226,000 after buying an additional 5,816 shares during the last quarter. SG Americas Securities LLC acquired a new position in Marriott Vacations Worldwide in the 1st quarter worth approximately $436,000. Finally, Blueshift Asset Management LLC acquired a new stake in shares of Marriott Vacations Worldwide during the 1st quarter worth approximately $358,000. 89.52% of the stock is currently owned by institutional investors.

Insider Transactions at Marriott Vacations Worldwide

In related news, Director Christian Asmar bought 337,551 shares of the stock in a transaction dated Wednesday, June 18th. The stock was bought at an average price of $68.11 per share, with a total value of $22,990,598.61. Following the purchase, the director owned 4,045,984 shares in the company, valued at approximately $275,571,970.24. The trade was a 9.10% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. 1.60% of the stock is currently owned by company insiders.

Marriott Vacations Worldwide Trading Down 0.1%

Shares of Marriott Vacations Worldwide stock traded down $0.04 during trading on Tuesday, reaching $78.19. 351,107 shares of the company were exchanged, compared to its average volume of 312,740. The firm has a market capitalization of $2.71 billion, a price-to-earnings ratio of 11.76, a P/E/G ratio of 1.14 and a beta of 1.48. The business has a 50-day moving average price of $78.09 and a 200-day moving average price of $69.66. Marriott Vacations Worldwide Corporation has a twelve month low of $49.22 and a twelve month high of $100.32. The company has a quick ratio of 2.90, a current ratio of 3.55 and a debt-to-equity ratio of 2.17.

Marriott Vacations Worldwide (NYSE:VAC - Get Free Report) last announced its earnings results on Monday, August 4th. The company reported $1.96 earnings per share for the quarter, topping analysts' consensus estimates of $1.72 by $0.24. Marriott Vacations Worldwide had a return on equity of 11.74% and a net margin of 5.10%.The company had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same quarter last year, the company earned $1.10 earnings per share. The firm's quarterly revenue was up 9.3% compared to the same quarter last year. Marriott Vacations Worldwide has set its FY 2025 guidance at 6.400-7.100 EPS. Sell-side analysts anticipate that Marriott Vacations Worldwide Corporation will post 6.23 EPS for the current fiscal year.

Marriott Vacations Worldwide Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Wednesday, September 17th will be paid a dividend of $0.79 per share. The ex-dividend date of this dividend is Wednesday, September 17th. This represents a $3.16 annualized dividend and a yield of 4.0%. Marriott Vacations Worldwide's dividend payout ratio (DPR) is currently 47.52%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Morgan Stanley restated an "underweight" rating on shares of Marriott Vacations Worldwide in a report on Tuesday, July 15th. Stifel Nicolaus set a $101.00 price objective on Marriott Vacations Worldwide and gave the stock a "buy" rating in a research report on Tuesday, August 5th. Barclays decreased their price target on Marriott Vacations Worldwide from $97.00 to $88.00 and set an "overweight" rating on the stock in a research note on Monday, May 12th. The Goldman Sachs Group raised their target price on Marriott Vacations Worldwide from $55.00 to $65.00 and gave the company a "sell" rating in a report on Wednesday, August 6th. Finally, Truist Financial reduced their price objective on Marriott Vacations Worldwide from $128.00 to $127.00 and set a "buy" rating for the company in a research report on Thursday, August 21st. Four research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company. According to MarketBeat, Marriott Vacations Worldwide has a consensus rating of "Hold" and an average price target of $90.50.

Marriott Vacations Worldwide Profile

Marriott Vacations Worldwide Corporation, a vacation company, develops, markets, sells, and manages vacation ownership and related businesses, products, and services in the United States and internationally. It operates through two segments, Vacation Ownership and Exchange & Third-Party Management.