Marriott Vacations Worldwide Corporation $VAC Shares Purchased by Dimensional Fund Advisors LP

Key Points

• Dimensional Fund Advisors LP increased its stake in Marriott Vacations Worldwide Corporation by 2.6%, owning approximately 5.59% of the company with a total value of $124 million.
• Marriott Vacations reported better-than-expected quarterly earnings with an EPS of $1.96, surpassing analyst estimates of $1.72, alongside a 9.3% increase in revenue compared to the previous year.
• Hedge funds and institutional investors own over 89.52% of Marriott Vacations stock, with several funds increasing their holdings significantly in the last quarter.

Dimensional Fund Advisors LP increased its holdings in shares of Marriott Vacations Worldwide Corporation (NYSE:VAC - Free Report) by 2.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,931,782 shares of the company's stock after purchasing an additional 48,585 shares during the period. Dimensional Fund Advisors LP owned approximately 5.59% of Marriott Vacations Worldwide worth $124,101,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the business. True Wealth Design LLC raised its holdings in shares of Marriott Vacations Worldwide by 35.2% during the fourth quarter. True Wealth Design LLC now owns 595 shares of the company's stock worth $53,000 after purchasing an additional 155 shares during the last quarter. Fifth Third Bancorp raised its holdings in shares of Marriott Vacations Worldwide by 136.5% during the first quarter. Fifth Third Bancorp now owns 395 shares of the company's stock worth $25,000 after purchasing an additional 228 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Marriott Vacations Worldwide by 7.1% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 3,827 shares of the company's stock worth $246,000 after purchasing an additional 253 shares during the last quarter. Grandview Asset Management LLC raised its holdings in shares of Marriott Vacations Worldwide by 4.5% during the first quarter. Grandview Asset Management LLC now owns 6,920 shares of the company's stock worth $445,000 after purchasing an additional 300 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its position in Marriott Vacations Worldwide by 8.0% during the first quarter. Envestnet Asset Management Inc. now owns 5,993 shares of the company's stock valued at $385,000 after buying an additional 443 shares during the period. Hedge funds and other institutional investors own 89.52% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Mizuho dropped their price target on shares of Marriott Vacations Worldwide from $112.00 to $105.00 and set an "outperform" rating on the stock in a research report on Friday, May 9th. Barclays dropped their price target on shares of Marriott Vacations Worldwide from $97.00 to $88.00 and set an "overweight" rating on the stock in a research report on Monday, May 12th. The Goldman Sachs Group raised their price target on shares of Marriott Vacations Worldwide from $55.00 to $65.00 and gave the company a "sell" rating in a research report on Wednesday, August 6th. Truist Financial dropped 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. Finally, Stifel Nicolaus set a $101.00 price target on shares of Marriott Vacations Worldwide and gave the company 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. Based on data from MarketBeat.com, Marriott Vacations Worldwide currently has an average rating of "Hold" and a consensus price target of $90.50.

Insider Activity

In related news, Director Christian Asmar bought 337,551 shares of the company's stock in a transaction dated Wednesday, June 18th. The shares were acquired 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 directly owned 4,045,984 shares in the company, valued at $275,571,970.24. This trade represents a 9.10% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.60% of the stock is currently owned by company insiders.

Marriott Vacations Worldwide Price Performance

Shares of NYSE VAC traded up $1.11 during trading on Wednesday, hitting $78.61. The company had a trading volume of 189,647 shares, compared to its average volume of 463,890. The stock has a fifty day simple moving average of $76.93 and a two-hundred day simple moving average of $70.27. Marriott Vacations Worldwide Corporation has a fifty-two week low of $49.22 and a fifty-two week high of $100.32. The firm has a market capitalization of $2.72 billion, a price-to-earnings ratio of 11.82, a price-to-earnings-growth ratio of 1.13 and a beta of 1.49. 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 earnings results on Monday, August 4th. The company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate 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 last year, the business earned $1.10 earnings per share. The company's revenue for the quarter 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. On average, research analysts expect that Marriott Vacations Worldwide Corporation will post 6.23 earnings per share for the current year.

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.