Cubist Systematic Strategies LLC Makes New Investment in 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 bought a new stake in Marriott Vacations Worldwide Corporation (NYSE:VAC - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 35,821 shares of the company's stock, valued at approximately $2,301,000. Cubist Systematic Strategies LLC owned about 0.10% of Marriott Vacations Worldwide as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in VAC. Northern Trust Corp increased its stake in shares of Marriott Vacations Worldwide by 32.1% during the fourth quarter. Northern Trust Corp now owns 323,770 shares of the company's stock worth $29,075,000 after acquiring an additional 78,618 shares during the period. Mercer Global Advisors Inc. ADV acquired a new position in Marriott Vacations Worldwide during the fourth quarter worth about $302,000. Algert Global LLC acquired a new position in Marriott Vacations Worldwide during the fourth quarter worth about $244,000. Captrust Financial Advisors acquired a new position in Marriott Vacations Worldwide during the fourth quarter worth about $440,000. Finally, Centiva Capital LP acquired a new position in Marriott Vacations Worldwide during the fourth quarter worth about $431,000. 89.52% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Marriott Vacations Worldwide

In other news, Director Christian Asmar bought 337,551 shares of the firm's stock in a transaction that occurred on Wednesday, June 18th. The shares were purchased at an average price of $68.11 per share, for a total transaction of $22,990,598.61. Following the completion of the transaction, the director owned 4,045,984 shares in the company, valued at $275,571,970.24. The trade was a 9.10% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.60% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on VAC shares. The Goldman Sachs Group upped their target price on shares of Marriott Vacations Worldwide from $55.00 to $65.00 and gave the stock a "sell" rating in a research report on Wednesday, August 6th. Truist Financial lowered their target price on shares of Marriott Vacations Worldwide from $128.00 to $127.00 and set a "buy" rating on the stock in a research report on Thursday, August 21st. Morgan Stanley restated an "underweight" rating on shares of Marriott Vacations Worldwide in a research report on Tuesday, July 15th. Finally, Stifel Nicolaus set a $101.00 target price on shares of Marriott Vacations Worldwide and gave the stock a "buy" rating in a research report on Tuesday, August 5th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $90.50.

Marriott Vacations Worldwide Price Performance

Shares of VAC stock traded down $2.32 during trading hours on Friday, hitting $77.13. The company's stock had a trading volume of 366,352 shares, compared to its average volume of 303,514. Marriott Vacations Worldwide Corporation has a twelve month low of $49.22 and a twelve month high of $100.32. The business has a fifty day moving average of $77.96 and a 200-day moving average of $69.60. The stock has a market cap of $2.67 billion, a price-to-earnings ratio of 11.60, a P/E/G ratio of 1.16 and a beta of 1.48. The company has a current ratio of 3.55, a quick ratio of 2.90 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 (EPS) for the quarter, topping analysts' consensus estimates of $1.72 by $0.24. Marriott Vacations Worldwide had a net margin of 5.10% and a return on equity of 11.74%. The firm had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same quarter last year, the business earned $1.10 earnings per share. Marriott Vacations Worldwide's 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. As a group, equities research analysts anticipate that Marriott Vacations Worldwide Corporation will post 6.23 EPS for the current year.

Marriott Vacations Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Wednesday, September 17th will be given a dividend of $0.79 per share. The ex-dividend date is Wednesday, September 17th. This represents a $3.16 dividend on an annualized basis and a yield of 4.1%. Marriott Vacations Worldwide's dividend payout ratio (DPR) is 47.52%.

About Marriott Vacations Worldwide

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.