Graham Capital Management L.P. Has $1.85 Million Holdings in Marriott Vacations Worldwide Corporation $VAC

Key Points

• Graham Capital Management L.P. increased its stake in Marriott Vacations Worldwide Corporation by 73.1%, acquiring an additional 12,163 shares during the first quarter, bringing its total ownership to 28,793 shares valued at approximately $1.85 million.
• Other institutional investors have shown significant activity, with GAMMA Investing LLC increasing its position by over 6,500%, and Wealth Enhancement Advisory Services LLC growing by 74.2% in the last quarter.
• Marriott Vacations Worldwide reported earnings of $1.96 per share for the last quarter, beating estimates and marking a 9.3% revenue increase year-over-year with total revenue reaching $1.25 billion.

Graham Capital Management L.P. lifted its position in shares of Marriott Vacations Worldwide Corporation (NYSE:VAC - Free Report) by 73.1% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 28,793 shares of the company's stock after buying an additional 12,163 shares during the quarter. Graham Capital Management L.P. owned about 0.08% of Marriott Vacations Worldwide worth $1,850,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Fuller & Thaler Asset Management Inc. boosted its holdings in Marriott Vacations Worldwide by 32.2% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 1,822,687 shares of the company's stock valued at $117,089,000 after purchasing an additional 444,126 shares during the period. Point72 Asset Management L.P. acquired a new stake in shares of Marriott Vacations Worldwide in the fourth quarter valued at approximately $37,974,000. Ananym Capital Management LP bought a new stake in shares of Marriott Vacations Worldwide in the fourth quarter valued at approximately $21,987,000. Long Pond Capital LP acquired a new stake in Marriott Vacations Worldwide during the first quarter worth approximately $11,569,000. Finally, Hotchkis & Wiley Capital Management LLC increased its stake in Marriott Vacations Worldwide by 8.1% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 1,139,334 shares of the company's stock worth $73,191,000 after acquiring an additional 85,230 shares during the period. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Marriott Vacations Worldwide Price Performance

NYSE:VAC traded down $0.04 on Friday, hitting $78.78. The company had a trading volume of 338,348 shares, compared to its average volume of 542,239. The firm has a 50 day moving average of $77.83 and a two-hundred day moving average of $69.99. The stock has a market capitalization of $2.73 billion, a price-to-earnings ratio of 11.85, a PEG ratio of 1.13 and a beta of 1.48. Marriott Vacations Worldwide Corporation has a 52 week low of $49.22 and a 52 week high of $100.32. The company has a current ratio of 3.55, a quick ratio of 2.90 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 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same period in the prior 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 anticipate that Marriott Vacations Worldwide Corporation will post 6.23 earnings per share for the current year.

Marriott Vacations Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Wednesday, September 17th will be given a $0.79 dividend. The ex-dividend date is Wednesday, September 17th. This represents a $3.16 annualized dividend and a yield of 4.0%. Marriott Vacations Worldwide's dividend payout ratio (DPR) is currently 47.52%.

Insider Activity at Marriott Vacations Worldwide

In other news, Director Christian Asmar purchased 337,551 shares of Marriott Vacations Worldwide stock in a transaction dated Wednesday, June 18th. The shares were bought at an average cost of $68.11 per share, for a total transaction of $22,990,598.61. Following the completion of the acquisition, the director owned 4,045,984 shares in the company, valued at approximately $275,571,970.24. This trade represents a 9.10% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.60% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Barclays cut their target price on Marriott Vacations Worldwide from $97.00 to $88.00 and set an "overweight" rating for the company in a research report on Monday, May 12th. The Goldman Sachs Group increased their price objective on shares of Marriott Vacations Worldwide from $55.00 to $65.00 and gave the stock a "sell" rating in a research note on Wednesday, August 6th. Morgan Stanley restated an "underweight" rating on shares of Marriott Vacations Worldwide in a research report on Tuesday, July 15th. Mizuho cut their price target on shares of Marriott Vacations Worldwide from $112.00 to $105.00 and set an "outperform" rating for the company in a report on Friday, May 9th. Finally, Truist Financial decreased their price objective on shares of Marriott Vacations Worldwide from $128.00 to $127.00 and set a "buy" rating on the stock in a research note on Thursday, August 21st. Four analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $90.50.

About Marriott Vacations Worldwide

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.