Corient Private Wealth LP acquired a new stake in Marriott Vacations Worldwide Corporation (NYSE:VAC - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 18,456 shares of the company's stock, valued at approximately $1,880,000. Corient Private Wealth LP owned approximately 0.05% of Marriott Vacations Worldwide at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of VAC. Vanguard Group Inc. raised its holdings in Marriott Vacations Worldwide by 7.4% during the fourth quarter. Vanguard Group Inc. now owns 3,392,787 shares of the company's stock worth $195,730,000 after acquiring an additional 234,105 shares in the last quarter. Ananym Capital Management LP grew its stake in Marriott Vacations Worldwide by 0.4% in the fourth quarter. Ananym Capital Management LP now owns 736,947 shares of the company's stock valued at $42,514,000 after purchasing an additional 3,200 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in Marriott Vacations Worldwide by 11.0% in the third quarter. Arrowstreet Capital Limited Partnership now owns 705,629 shares of the company's stock valued at $46,967,000 after purchasing an additional 69,652 shares in the last quarter. Deprince Race & Zollo Inc. increased its position in shares of Marriott Vacations Worldwide by 5.4% during the 1st quarter. Deprince Race & Zollo Inc. now owns 524,247 shares of the company's stock worth $34,139,000 after purchasing an additional 26,824 shares during the last quarter. Finally, Quantinno Capital Management LP raised its stake in shares of Marriott Vacations Worldwide by 12.3% during the 1st quarter. Quantinno Capital Management LP now owns 474,037 shares of the company's stock worth $30,869,000 after purchasing an additional 52,007 shares in the last quarter. Institutional investors and hedge funds own 89.52% of the company's stock.
Marriott Vacations Worldwide Stock Performance
Shares of NYSE VAC opened at $99.30 on Friday. The company has a current ratio of 3.56, a quick ratio of 2.99 and a debt-to-equity ratio of 2.65. Marriott Vacations Worldwide Corporation has a 12 month low of $44.58 and a 12 month high of $131.34. The stock has a 50 day moving average of $105.00 and a 200-day moving average of $85.22. The company has a market capitalization of $3.42 billion, a P/E ratio of -10.20, a P/E/G ratio of 1.91 and a beta of 1.24.
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 for the quarter, topping analysts' consensus estimates 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 period in the previous year, the firm earned $1.96 EPS. The firm's revenue was up 5.9% compared to the same quarter last year. Marriott Vacations Worldwide has set its FY 2026 guidance at 8.250-9.050 EPS. As a group, equities research analysts predict that Marriott Vacations Worldwide Corporation will post 8.7 EPS for the current year.
Marriott Vacations Worldwide Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th will be issued a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 3.2%. The ex-dividend date is Wednesday, September 16th. Marriott Vacations Worldwide's payout ratio is currently -32.85%.
Analyst Upgrades and Downgrades
VAC has been the subject of several recent analyst reports. Wall Street Zen raised Marriott Vacations Worldwide from a "hold" rating to a "buy" rating in a report on Saturday, August 15th. Wells Fargo & Company upped their price target on shares of Marriott Vacations Worldwide from $68.00 to $101.00 and gave the stock an "underweight" rating in a research report on Friday, August 7th. Susquehanna began coverage on shares of Marriott Vacations Worldwide in a research note on Tuesday, August 18th. They issued a "neutral" rating and a $110.00 price target for the company. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a $134.00 price objective on shares of Marriott Vacations Worldwide in a research report on Wednesday, August 12th. Finally, Barclays boosted their price objective on shares of Marriott Vacations Worldwide from $94.00 to $140.00 and gave the stock an "overweight" rating in a research note on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $101.45.
Get Our Latest Research Report on VAC
Insider Buying and Selling at Marriott Vacations Worldwide
In other news, insider Kathleen A. Pighini sold 2,500 shares of the firm's stock in a transaction dated 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 sale, the insider owned 10,821 shares in the company, valued at approximately $1,298,520. This trade represents a 18.77% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Christian Asmar sold 750,000 shares of Marriott Vacations Worldwide stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $111.49, for a total transaction of $83,617,500.00. Following the sale, the director directly owned 3,380,818 shares of the company's stock, valued at $376,927,398.82. The trade was a 18.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 13.30% of the stock is owned by insiders.
Marriott Vacations Worldwide Company Profile
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Free Report)
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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