AQR Capital Management LLC Has $9.43 Million Holdings in Marriott Vacations Worldwide Corporation $VAC

Key Points

• AQR Capital Management LLC reduced its stake in Marriott Vacations Worldwide Corporation by 80.8%, selling 618,661 shares and leaving it with approximately 146,819 shares valued at about $9.43 million.
• Marriott Vacations Worldwide posted earnings of $1.96 per share, surpassing estimates of $1.72, and reported a revenue of $1.25 billion for the quarter, which is 9.3% higher year-over-year.
• In a recent transaction, Director Christian Asmar acquired 412,449 shares at an average price of $67.61, boosting their ownership by 12.51% and increasing their total holdings to approximately $250.7 million.

AQR Capital Management LLC reduced its stake in Marriott Vacations Worldwide Corporation (NYSE:VAC - Free Report) by 80.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 146,819 shares of the company's stock after selling 618,661 shares during the quarter. AQR Capital Management LLC owned 0.42% of Marriott Vacations Worldwide worth $9,432,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC lifted its position in Marriott Vacations Worldwide by 6,557.7% in the 1st quarter. GAMMA Investing LLC now owns 14,647 shares of the company's stock valued at $941,000 after acquiring an additional 14,427 shares in the last quarter. Captrust Financial Advisors bought a new stake in Marriott Vacations Worldwide in the 4th quarter valued at $440,000. Wealth Enhancement Advisory Services LLC lifted its position in Marriott Vacations Worldwide by 74.2% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 13,653 shares of the company's stock valued at $1,226,000 after acquiring an additional 5,816 shares in the last quarter. SG Americas Securities LLC bought a new stake in Marriott Vacations Worldwide during the 1st quarter worth about $436,000. Finally, Blueshift Asset Management LLC bought a new stake in Marriott Vacations Worldwide during the 1st quarter worth about $358,000. 89.52% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Christian Asmar purchased 412,449 shares of the firm's stock in a transaction that occurred on Tuesday, June 17th. The shares were acquired at an average price of $67.61 per share, for a total transaction of $27,885,676.89. Following the purchase, the director owned 3,708,433 shares in the company, valued at approximately $250,727,155.13. This represents a 12.51% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.60% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have commented on VAC. Truist Financial cut their price target 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. Stifel Nicolaus set a $101.00 price target on shares of Marriott Vacations Worldwide and gave the stock a "buy" rating in a research report on Tuesday, August 5th. The Goldman Sachs Group boosted their price target 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. Finally, Morgan Stanley reissued an "underweight" rating on shares of Marriott Vacations Worldwide in a research report on Tuesday, July 15th. Four analysts have rated the stock with a Buy rating and two have issued a Sell rating to the stock. According to MarketBeat, Marriott Vacations Worldwide presently has a consensus rating of "Hold" and a consensus target price of $90.50.

Marriott Vacations Worldwide Stock Performance

Shares of VAC stock traded down $2.32 on Friday, reaching $77.13. The stock had a trading volume of 366,352 shares, compared to its average volume of 303,514. Marriott Vacations Worldwide Corporation has a 12 month low of $49.22 and a 12 month high of $100.32. The firm has a market capitalization 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 firm's 50-day moving average is $77.96 and its two-hundred day moving average is $69.60. 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 quarterly earnings results on Monday, August 4th. The company reported $1.96 EPS for the quarter, beating 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 business had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same quarter in the prior year, the business earned $1.10 EPS. Marriott Vacations Worldwide's quarterly revenue was up 9.3% on a year-over-year basis. Marriott Vacations Worldwide has set its FY 2025 guidance at 6.400-7.100 EPS. On average, research analysts expect that Marriott Vacations Worldwide Corporation will post 6.23 EPS for the current fiscal year.

Marriott Vacations Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Wednesday, September 17th will be paid a $0.79 dividend. 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 is 47.52%.

Marriott Vacations Worldwide Company 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.