Harbor Capital Advisors Inc. Sells 4,658 Shares of 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. lessened its position in Marriott Vacations Worldwide Corporation (NYSE:VAC - Free Report) by 4.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 92,753 shares of the company's stock after selling 4,658 shares during the quarter. Harbor Capital Advisors Inc. owned about 0.27% of Marriott Vacations Worldwide worth $6,707,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. Parallel Advisors LLC raised its holdings in Marriott Vacations Worldwide by 898.3% in the 2nd quarter. Parallel Advisors LLC now owns 1,198 shares of the company's stock worth $87,000 after acquiring an additional 1,078 shares during the period. Kera Capital Partners Inc. bought a new position in Marriott Vacations Worldwide in the 2nd quarter worth $208,000. Inspire Investing LLC raised its holdings in Marriott Vacations Worldwide by 19.7% in the 1st quarter. Inspire Investing LLC now owns 5,321 shares of the company's stock worth $342,000 after acquiring an additional 874 shares during the period. Strs Ohio bought a new position in Marriott Vacations Worldwide in the 1st quarter worth $1,263,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Marriott Vacations Worldwide by 4.7% in 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 acquiring an additional 4,497 shares during the period. Institutional investors own 89.52% of the company's stock.

Marriott Vacations Worldwide Stock Performance

NYSE VAC opened at $76.78 on Tuesday. The company has a debt-to-equity ratio of 2.17, a current ratio of 3.55 and a quick ratio of 2.90. The firm has a market capitalization of $2.66 billion, a price-to-earnings ratio of 11.55, a P/E/G ratio of 1.12 and a beta of 1.48. The company's fifty day moving average is $77.91 and its two-hundred day moving average is $69.45. Marriott Vacations Worldwide Corporation has a 52-week low of $49.22 and a 52-week high of $100.32.

Marriott Vacations Worldwide (NYSE:VAC - Get Free Report) last posted 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. The company had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.22 billion. Marriott Vacations Worldwide had a net margin of 5.10% and a return on equity of 11.74%. The business's quarterly revenue was up 9.3% on a year-over-year basis. During the same period last year, the business posted $1.10 EPS. Marriott Vacations Worldwide has set its FY 2025 guidance at 6.400-7.100 EPS. Equities research analysts forecast that Marriott Vacations Worldwide Corporation will post 6.23 EPS for the current year.

Marriott Vacations Worldwide Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Wednesday, September 17th will be given a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a dividend yield of 4.1%. The ex-dividend date is Wednesday, September 17th. Marriott Vacations Worldwide's payout ratio is 47.52%.

Insider Buying and Selling at Marriott Vacations Worldwide

In other Marriott Vacations Worldwide news, Director Christian Asmar bought 337,551 shares of the firm's stock in a transaction dated Wednesday, June 18th. The shares were acquired at an average cost of $68.11 per share, for a total transaction of $22,990,598.61. Following the transaction, the director owned 4,045,984 shares in the company, valued at approximately $275,571,970.24. The trade was a 9.10% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 1.60% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on VAC. The Goldman Sachs Group lifted their target price on shares of Marriott Vacations Worldwide from $55.00 to $65.00 and gave the stock a "sell" rating in a report on Wednesday, August 6th. Stifel Nicolaus set a $101.00 target price on shares of Marriott Vacations Worldwide and gave the stock a "buy" rating in a report on Tuesday, August 5th. Truist Financial dropped their target price on shares of Marriott Vacations Worldwide from $128.00 to $127.00 and set a "buy" rating on the stock in a report on Thursday, August 21st. Finally, Morgan Stanley restated an "underweight" rating on shares of Marriott Vacations Worldwide in a research report on Tuesday, July 15th. Four analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company's stock. According to MarketBeat, Marriott Vacations Worldwide has a consensus rating of "Hold" and a consensus price target of $90.50.

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.

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