Marriott Vacations Worldwide Corporation $VAC Shares Sold by Invesco Ltd.

Key Points

• Invesco Ltd. has drastically reduced its stake in Marriott Vacations Worldwide, selling 5,011,153 shares and now owning only 104,601 shares, which represents approximately 0.30% of the company.
• Director Christian Asmar has increased his ownership by 12.51% after purchasing 412,449 shares, bringing his total to 3,708,433 shares valued at around $250.7 million.
• Several analysts have issued mixed ratings on Marriott Vacations, with target prices ranging from $65.00 to $127.00, while the stock currently has a consensus rating of "Hold" with an average price target of $90.50.

Invesco Ltd. reduced its stake in Marriott Vacations Worldwide Corporation (NYSE:VAC - Free Report) by 98.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 104,601 shares of the company's stock after selling 5,011,153 shares during the period. Invesco Ltd. owned approximately 0.30% of Marriott Vacations Worldwide worth $6,720,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of VAC. Fifth Third Bancorp grew its position in shares of 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 in the last quarter. Investment Advisory Group LLC purchased a new position in Marriott Vacations Worldwide in the first quarter valued at approximately $31,000. True Wealth Design LLC lifted its holdings 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 purchasing an additional 155 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Marriott Vacations Worldwide during the fourth quarter worth $89,000. Finally, Headlands Technologies LLC acquired a new stake in shares of 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.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Barclays decreased their price target on Marriott Vacations Worldwide from $97.00 to $88.00 and set an "overweight" rating for the company in a report on Monday, May 12th. Truist Financial reduced their target price on Marriott Vacations Worldwide from $128.00 to $127.00 and set a "buy" rating for the company 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. Stifel Nicolaus set a $101.00 price target on Marriott Vacations Worldwide and gave the stock a "buy" rating in a research note on Tuesday, August 5th. Finally, The Goldman Sachs Group lifted their price target on Marriott Vacations Worldwide from $55.00 to $65.00 and gave the stock a "sell" rating in a research note on Wednesday, August 6th. Four investment analysts have rated the stock with a Buy rating and two have issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $90.50.

Marriott Vacations Worldwide Trading Down 0.7%

Shares of NYSE:VAC traded down $0.56 during trading on Friday, reaching $78.05. 219,331 shares of the stock were exchanged, compared to its average volume of 427,242. 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 Corporation has a 12-month low of $49.22 and a 12-month high of $100.32. The firm has a market cap of $2.70 billion, a price-to-earnings ratio of 11.74, a price-to-earnings-growth ratio of 1.14 and a beta of 1.49. The firm's 50-day moving average price is $77.34 and its 200 day moving average price is $70.19.

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. 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 during the quarter, compared to analysts' expectations of $1.22 billion. During the same quarter in the previous year, the business earned $1.10 EPS. The company'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. On average, sell-side analysts anticipate that Marriott Vacations Worldwide Corporation will post 6.23 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Christian Asmar purchased 412,449 shares of the firm's stock in a transaction on Tuesday, June 17th. The stock was purchased at an average price of $67.61 per share, for a total transaction of $27,885,676.89. Following the acquisition, the director directly owned 3,708,433 shares in the company, valued at $250,727,155.13. The trade was a 12.51% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.60% of the stock is currently owned by corporate insiders.

About Marriott Vacations Worldwide

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.