Cullen Capital Management LLC Makes New Investment in Marriott Vacations Worldwide Corporation $VAC

Cullen Capital Management LLC acquired a new position in Marriott Vacations Worldwide Corporation (NYSE:VAC - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 12,870 shares of the company's stock, valued at approximately $1,311,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Goldman Sachs Group Inc. lifted its stake in Marriott Vacations Worldwide by 18.2% in the first quarter. Goldman Sachs Group Inc. now owns 140,662 shares of the company's stock valued at $9,036,000 after buying an additional 21,623 shares during the period. Empowered Funds LLC grew its position in shares of Marriott Vacations Worldwide by 147.9% during the 1st quarter. Empowered Funds LLC now owns 8,487 shares of the company's stock worth $545,000 after buying an additional 5,064 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Marriott Vacations Worldwide by 4.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 100,636 shares of the company's stock worth $6,465,000 after buying an additional 4,497 shares during the period. Invesco Ltd. increased its stake in shares of Marriott Vacations Worldwide by 102.9% in the 2nd quarter. Invesco Ltd. now owns 212,199 shares of the company's stock valued at $15,344,000 after acquiring an additional 107,598 shares in the last quarter. Finally, First Trust Advisors LP increased its stake in shares of Marriott Vacations Worldwide by 22.7% in the 2nd quarter. First Trust Advisors LP now owns 121,820 shares of the company's stock valued at $8,809,000 after acquiring an additional 22,506 shares in the last quarter. 89.52% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Marriott Vacations Worldwide

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

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Zacks Research raised shares of Marriott Vacations Worldwide from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 10th. Wall Street Zen raised shares of Marriott Vacations Worldwide from a "hold" rating to a "buy" rating in a research report on Saturday, August 15th. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a $134.00 target price on shares of Marriott Vacations Worldwide in a research note on Wednesday, August 12th. Barclays upped their price target on Marriott Vacations Worldwide from $94.00 to $140.00 and gave the stock an "overweight" rating in a research note on Friday, August 7th. Finally, Mizuho set a $103.00 price target on Marriott Vacations Worldwide in a report on Wednesday, May 6th. One investment 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 given a Sell rating to the company's stock. According to MarketBeat.com, Marriott Vacations Worldwide has a consensus rating of "Hold" and a consensus price target of $101.45.

Marriott Vacations Worldwide Stock Performance

Shares of VAC stock opened at $114.03 on Tuesday. 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 firm has a fifty day simple moving average of $103.39 and a two-hundred day simple moving average of $82.28. Marriott Vacations Worldwide Corporation has a 12 month low of $44.58 and a 12 month high of $131.34. The firm has a market capitalization of $3.92 billion, a PE ratio of -11.71, a price-to-earnings-growth ratio of 2.10 and a beta of 1.23.

Marriott Vacations Worldwide (NYSE:VAC - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The company reported $2.31 earnings per share for the quarter, beating analysts' consensus estimates of $1.97 by $0.34. The firm had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.30 billion. Marriott Vacations Worldwide had a negative net margin of 6.47% and a positive return on equity of 12.27%. The business's quarterly revenue was up 5.9% compared to the same quarter last year. During the same period last year, the firm earned $1.96 earnings per share. Marriott Vacations Worldwide has set its FY 2026 guidance at 8.250-9.050 EPS. Analysts forecast that Marriott Vacations Worldwide Corporation will post 8.88 EPS for the current fiscal year.

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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