HighTower Advisors LLC Has $5.23 Million Stock Holdings 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 trimmed its position in shares of Marriott Vacations Worldwide Corporation (NYSE:VAC - Free Report) by 37.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 81,407 shares of the company's stock after selling 49,100 shares during the period. HighTower Advisors LLC owned about 0.24% of Marriott Vacations Worldwide worth $5,230,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Fifth Third Bancorp increased its position in 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 buying an additional 228 shares during the last quarter. Investment Advisory Group LLC acquired a new position in Marriott Vacations Worldwide during the first quarter worth $31,000. True Wealth Design LLC increased its position in 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 last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in Marriott Vacations Worldwide during the fourth quarter worth $89,000. Finally, Headlands Technologies LLC acquired a new position in Marriott Vacations Worldwide during the first quarter worth $112,000. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Christian Asmar bought 337,551 shares of the firm's stock in a transaction that occurred on Wednesday, June 18th. The shares were acquired at an average cost of $68.11 per share, with a total value 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 represents a 9.10% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.60% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

VAC has been the topic of several analyst reports. Truist Financial lowered 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 research report on Thursday. Morgan Stanley reissued an "underweight" rating on shares of Marriott Vacations Worldwide in a research report on Tuesday, July 15th. The Goldman Sachs Group increased their target price 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. Barclays lowered their target price 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. Finally, Mizuho lowered their price target on 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. Four analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $90.50.

Marriott Vacations Worldwide Stock Performance

Shares of NYSE:VAC traded down $1.7420 during midday trading on Monday, hitting $77.5980. The company's stock had a trading volume of 277,113 shares, compared to its average volume of 477,861. The stock has a market capitalization of $2.68 billion, a price-to-earnings ratio of 11.67, a PEG ratio of 1.16 and a beta of 1.49. The stock's 50 day simple moving average is $76.52 and its 200 day simple moving average is $70.16. Marriott Vacations Worldwide Corporation has a fifty-two week low of $49.22 and a fifty-two week high of $100.32. The company has a debt-to-equity ratio of 2.17, a quick ratio of 2.90 and a current ratio of 3.55.

Marriott Vacations Worldwide (NYSE:VAC - Get Free Report) last released its earnings results on Monday, August 4th. The company reported $1.96 earnings per share for the quarter, topping analysts' consensus estimates 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 business had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same period last year, the business earned $1.10 earnings per share. The firm'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. As a group, research analysts anticipate that Marriott Vacations Worldwide Corporation will post 6.23 earnings per share for the current year.

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.