Marriott Vacations Worldwide Corporation $VAC Stock Holdings Lifted by Hsbc Holdings PLC

Key Points

• HSBC Holdings PLC increased its stake in Marriott Vacations Worldwide by 94.2%, owning 16,895 shares valued at approximately $1.08 million as of the end of the most recent quarter.
• Analysts have varying ratings and price targets for Marriott Vacations Worldwide, with Goldman Sachs raising its price objective to $65 while Stifel Nicolaus set a $101 target with a "buy" rating.
• Marriott Vacations Worldwide reported a 9.3% increase in quarterly revenue compared to the previous year, alongside an earnings per share of $1.96, exceeding analysts' estimates of $1.72.

Hsbc Holdings PLC raised its holdings in shares of Marriott Vacations Worldwide Corporation (NYSE:VAC - Free Report) by 94.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,895 shares of the company's stock after acquiring an additional 8,196 shares during the period. Hsbc Holdings PLC's holdings in Marriott Vacations Worldwide were worth $1,081,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. 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. Investment Advisory Group LLC bought a new stake in Marriott Vacations Worldwide during the 1st quarter valued at $31,000. Caitong International Asset Management Co. Ltd bought a new stake in Marriott Vacations Worldwide during the 1st quarter valued at $53,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Marriott Vacations Worldwide during the 4th quarter valued at $89,000. Finally, Headlands Technologies LLC bought a new stake in Marriott Vacations Worldwide during the 1st quarter valued at $112,000. Institutional investors own 89.52% of the company's stock.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In other Marriott Vacations Worldwide news, Director Christian Asmar purchased 412,449 shares of the company's stock in a transaction that occurred on Tuesday, June 17th. The shares were purchased at an average cost of $67.61 per share, with a total value of $27,885,676.89. Following the completion of the transaction, the director owned 3,708,433 shares of the company's stock, valued at approximately $250,727,155.13. This represents a 12.51% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.60% of the company's stock.

Marriott Vacations Worldwide Price Performance

Shares of NYSE VAC traded up $0.75 during mid-day trading on Thursday, reaching $78.48. The company had a trading volume of 42,685 shares, compared to its average volume of 541,855. The company has a current ratio of 3.55, a quick ratio of 2.90 and a debt-to-equity ratio of 2.17. The stock has a market cap of $2.72 billion, a PE ratio of 11.78, a P/E/G ratio of 1.13 and a beta of 1.48. The company has a 50-day moving average price of $77.72 and a two-hundred day moving average price of $70.04. Marriott Vacations Worldwide Corporation has a 1-year low of $49.22 and a 1-year high of $100.32.

Marriott Vacations Worldwide (NYSE:VAC - Get Free Report) last issued its earnings results on Monday, August 4th. The company reported $1.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.72 by $0.24. The business had revenue of $1.25 billion for the quarter, compared to analysts' expectations 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 quarterly revenue was up 9.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.10 EPS. Marriott Vacations Worldwide has set its FY 2025 guidance at 6.400-7.100 EPS. On average, equities analysts anticipate that Marriott Vacations Worldwide Corporation will post 6.23 earnings per share for the current year.

Marriott Vacations Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Investors 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 yield of 4.0%. Marriott Vacations Worldwide's payout ratio is 47.52%.

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.