Harbor Capital Advisors Inc. Has $6.71 Million Stake in Marriott Vacations Worldwide Corporation $VAC

Key Points

• Harbor Capital Advisors Inc. reduced its stake in Marriott Vacations Worldwide by 4.8%, selling 4,658 shares during the second quarter, leaving them with 92,753 shares valued at approximately $6.7 million.
• Marriott Vacations Worldwide reported earnings of $1.96 EPS, exceeding analysts' expectations of $1.72 EPS, and achieved quarterly revenue of $1.25 billion.
• The company announced a quarterly dividend of $0.79 per share, reflecting an annualized yield of 4.1%, with a payout ratio of 47.52%.

Harbor Capital Advisors Inc. reduced its position in Marriott Vacations Worldwide Corporation (NYSE:VAC - Free Report) by 4.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 92,753 shares of the company's stock after selling 4,658 shares during the period. Harbor Capital Advisors Inc. owned approximately 0.27% of Marriott Vacations Worldwide worth $6,707,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in VAC. Fifth Third Bancorp grew its stake in Marriott Vacations Worldwide by 136.5% in the first quarter. Fifth Third Bancorp now owns 395 shares of the company's stock worth $25,000 after purchasing an additional 228 shares in the last quarter. Investment Advisory Group LLC bought a new stake in shares of Marriott Vacations Worldwide in the 1st quarter valued at approximately $31,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Marriott Vacations Worldwide in the 1st quarter valued at approximately $53,000. Parallel Advisors LLC raised its position in shares of Marriott Vacations Worldwide by 898.3% during the 2nd quarter. Parallel Advisors LLC now owns 1,198 shares of the company's stock valued at $87,000 after acquiring an additional 1,078 shares in the last quarter. Finally, Quarry LP boosted its holdings in Marriott Vacations Worldwide by 100.8% in the first quarter. Quarry LP now owns 1,434 shares of the company's stock worth $92,000 after purchasing an additional 720 shares during the period. Institutional investors own 89.52% of the company's stock.

Wall Street Analysts Forecast Growth

VAC has been the topic of several research reports. Stifel Nicolaus set a $101.00 price objective on shares of Marriott Vacations Worldwide and gave the stock a "buy" rating in a research note on Tuesday, August 5th. Truist Financial cut their price target on Marriott Vacations Worldwide from $128.00 to $127.00 and set a "buy" rating on the stock in a report on Thursday, August 21st. Morgan Stanley reissued an "underweight" rating on shares of Marriott Vacations Worldwide in a report on Tuesday, July 15th. Finally, The Goldman Sachs Group upped their price target on shares of Marriott Vacations Worldwide from $55.00 to $65.00 and gave the stock a "sell" rating in a research report on Wednesday, August 6th. Four analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company. According to MarketBeat, Marriott Vacations Worldwide currently has a consensus rating of "Hold" and an average target price of $90.50.

Marriott Vacations Worldwide Price Performance

VAC stock traded down $1.09 during trading on Friday, hitting $76.27. The company had a trading volume of 1,925,803 shares, compared to its average volume of 331,424. The business has a 50 day moving average of $77.49 and a 200 day moving average of $69.61. The firm has a market capitalization of $2.64 billion, a price-to-earnings ratio of 11.47, a P/E/G ratio of 1.12 and a beta of 1.48. 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 Corporation has a fifty-two week low of $49.22 and a fifty-two week high of $100.32.

Marriott Vacations Worldwide (NYSE:VAC - Get Free Report) last issued its quarterly 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 return on equity of 11.74% and a net margin of 5.10%.The company had revenue of $1.25 billion for the quarter, compared to analysts' expectations of $1.22 billion. During the same period last year, the firm earned $1.10 EPS. The firm's revenue for the quarter was up 9.3% on a year-over-year basis. Marriott Vacations Worldwide has set its FY 2025 guidance at 6.400-7.100 EPS. As a group, research analysts predict 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 declared a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Wednesday, September 17th will be issued a dividend of $0.79 per share. The ex-dividend date is Wednesday, September 17th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 4.1%. Marriott Vacations Worldwide's payout ratio is currently 47.52%.

Marriott Vacations Worldwide 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.