Cibc World Market Inc. Invests $3.40 Million in Marriott Vacations Worldwide Corporation $VAC

Key Points

• CIBC World Markets purchased 33,320 shares of Marriott Vacations Worldwide worth approximately $3.40 million, while institutional investors collectively own 89.52% of the company.
• Analyst sentiment is mixed: the stock has an average “Hold” rating and a $101.45 price target, despite target increases from Barclays and Wells Fargo and a “Buy” upgrade from Wall Street Zen.
• Marriott Vacations Worldwide exceeded quarterly expectations, reporting $2.31 in EPS versus $1.97 expected and $1.32 billion in revenue, up 5.9% year over year. However, insiders recently sold shares, including a director’s $83.6 million transaction.

Cibc World Market Inc. purchased a new stake in shares of Marriott Vacations Worldwide Corporation (NYSE:VAC - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 33,320 shares of the company's stock, valued at approximately $3,395,000. Cibc World Market Inc. owned 0.10% of Marriott Vacations Worldwide as of its most recent filing with the SEC.

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

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Wells Fargo & Company raised their price objective on Marriott Vacations Worldwide from $68.00 to $101.00 and gave the stock an "underweight" rating in a research report on Friday, August 7th. Mizuho set a $103.00 target price on shares of Marriott Vacations Worldwide in a research note on Wednesday, May 6th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a $134.00 price target on shares of Marriott Vacations Worldwide in a research report on Wednesday, August 12th. Barclays boosted their price target on shares of Marriott Vacations Worldwide from $94.00 to $140.00 and gave the company an "overweight" rating in a research note on Friday, August 7th. Finally, Wall Street Zen upgraded shares of Marriott Vacations Worldwide from a "hold" rating to a "buy" rating in a report on Saturday, August 15th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have given a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Marriott Vacations Worldwide currently has an average rating of "Hold" and an average target price of $101.45.

Marriott Vacations Worldwide Price Performance

VAC stock opened at $114.84 on Thursday. The company has a current ratio of 3.56, a quick ratio of 2.99 and a debt-to-equity ratio of 2.65. The company has a market capitalization of $3.95 billion, a PE ratio of -11.79, a P/E/G ratio of 2.18 and a beta of 1.23. Marriott Vacations Worldwide Corporation has a 12-month low of $44.58 and a 12-month high of $131.34. The business's fifty day moving average price is $104.26 and its 200 day moving average price is $83.14.

Marriott Vacations Worldwide (NYSE:VAC - Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported $2.31 earnings per share (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 firm had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same quarter in the prior year, the company earned $1.96 EPS. Marriott Vacations Worldwide's 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. On average, sell-side analysts anticipate that Marriott Vacations Worldwide Corporation will post 8.88 EPS for the current year.

Insider Activity

In other news, 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 sale, the director owned 3,380,818 shares of the company's stock, valued at approximately $376,927,398.82. This represents a 18.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Kathleen A. Pighini sold 2,500 shares of the firm's stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $120.00, for a total transaction of $300,000.00. Following the completion of the transaction, the insider directly owned 10,821 shares of the company's stock, valued at approximately $1,298,520. The trade was a 18.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 13.30% of the stock is currently owned by corporate insiders.

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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