HighTower Advisors LLC Has $5.23 Million Position in Marriott Vacations Worldwide Corporation $VAC

Key Points

• HighTower Advisors LLC has decreased its stake in Marriott Vacations Worldwide by 37.6%, now holding 81,407 shares valued at $5.23 million.
• Director Christian Asmar significantly increased his holdings by purchasing 412,449 shares for approximately $27.89 million, raising his total ownership to 3.71 million shares.
• Marriott Vacations Worldwide's latest quarterly earnings surpassed expectations, reporting $1.96 EPS against an estimate of $1.72, with revenue rising 9.3% year-over-year.

HighTower Advisors LLC decreased its holdings in shares of Marriott Vacations Worldwide Corporation (NYSE:VAC - Free Report) by 37.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 81,407 shares of the company's stock after selling 49,100 shares during the quarter. HighTower Advisors LLC owned approximately 0.24% of Marriott Vacations Worldwide worth $5,230,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. True Wealth Design LLC boosted its position 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 buying an additional 155 shares during the period. Fifth Third Bancorp raised its stake in Marriott Vacations Worldwide by 136.5% during the 1st quarter. Fifth Third Bancorp now owns 395 shares of the company's stock valued at $25,000 after acquiring an additional 228 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in Marriott Vacations Worldwide by 7.1% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 3,827 shares of the company's stock worth $246,000 after acquiring an additional 253 shares during the period. Grandview Asset Management LLC grew its stake in shares of Marriott Vacations Worldwide by 4.5% in 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 in the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in shares of 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 purchasing an additional 443 shares during the period. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Christian Asmar acquired 412,449 shares of the business's stock in a transaction on Tuesday, June 17th. The shares were purchased at an average price of $67.61 per share, for a total transaction of $27,885,676.89. Following the acquisition, the director owned 3,708,433 shares in the company, valued at approximately $250,727,155.13. This represents a 12.51% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.60% of the company's stock.

Marriott Vacations Worldwide Price Performance

Marriott Vacations Worldwide stock traded up $5.44 during mid-day trading on Friday, hitting $79.39. The company's stock had a trading volume of 512,985 shares, compared to its average volume of 471,953. The stock has a market capitalization of $2.75 billion, a P/E ratio of 11.94, a P/E/G ratio of 1.08 and a beta of 1.49. Marriott Vacations Worldwide Corporation has a twelve month low of $49.22 and a twelve month high of $100.32. The stock's fifty day moving average price is $76.32 and its two-hundred day moving average price is $70.43. 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 released its quarterly earnings data on Monday, August 4th. The company reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.72 by $0.24. The business had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.22 billion. Marriott Vacations Worldwide had a return on equity of 11.74% and a net margin of 5.10%.The company's revenue was up 9.3% compared to the same quarter last year. During the same period last year, the company posted $1.10 EPS. Marriott Vacations Worldwide has set its FY 2025 guidance at 6.400-7.100 EPS. Research analysts forecast that Marriott Vacations Worldwide Corporation will post 6.23 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Barclays reduced their price objective on shares of Marriott Vacations Worldwide from $97.00 to $88.00 and set an "overweight" rating for the company in a report on Monday, May 12th. 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 note on Wednesday, August 6th. Stifel Nicolaus set a $101.00 price objective on shares of Marriott Vacations Worldwide and gave the company a "buy" rating in a report on Tuesday, August 5th. Morgan Stanley reissued an "underweight" rating on shares of Marriott Vacations Worldwide in a report on Tuesday, July 15th. Finally, Mizuho cut their target price on Marriott Vacations Worldwide from $112.00 to $105.00 and set an "outperform" rating for the company in a research report on Friday, May 9th. Four research analysts have rated the stock with a Buy rating and two have given a Sell rating to the company. Based on data from MarketBeat, Marriott Vacations Worldwide presently has an average rating of "Hold" and an average 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.