Jones Financial Companies Lllp Raises Stake in Marriott Vacations Worldwide Corporation $VAC

Key Points

• Jones Financial Companies Lllp dramatically increased its holdings in Marriott Vacations Worldwide by 12,258.4% during the first quarter, owning 30,896 shares valued at approximately $1.92 million.
• Marriott Vacations Worldwide's stock is currently trading around $79.44, with a market capitalization of $2.75 billion, and has exhibited a 12-month high of $100.32.
• The company recently reported $1.96 earnings per share for the last quarter, surpassing analyst expectations, and has set its FY 2025 EPS guidance between 6.400-7.100.

Jones Financial Companies Lllp lifted its holdings in shares of Marriott Vacations Worldwide Corporation (NYSE:VAC - Free Report) by 12,258.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 30,896 shares of the company's stock after purchasing an additional 30,646 shares during the period. Jones Financial Companies Lllp owned about 0.09% of Marriott Vacations Worldwide worth $1,917,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Petrus Trust Company LTA bought a new position in shares of Marriott Vacations Worldwide during the 1st quarter valued at $384,000. Ancora Advisors LLC purchased a new stake in Marriott Vacations Worldwide during the 1st quarter valued at $1,059,000. Perbak Capital Partners LLP purchased a new stake in Marriott Vacations Worldwide during the 1st quarter valued at $208,000. Cubist Systematic Strategies LLC purchased a new stake in Marriott Vacations Worldwide during the 1st quarter valued at $2,301,000. Finally, Graham Capital Management L.P. boosted its position in Marriott Vacations Worldwide by 73.1% during the 1st quarter. Graham Capital Management L.P. now owns 28,793 shares of the company's stock valued at $1,850,000 after buying an additional 12,163 shares during the period. Institutional investors own 89.52% of the company's stock.

Insider Transactions at Marriott Vacations Worldwide

In other Marriott Vacations Worldwide news, Director Christian Asmar purchased 412,449 shares of the stock in a transaction that occurred on Tuesday, June 17th. The stock was bought at an average cost of $67.61 per share, with a total value of $27,885,676.89. Following the transaction, the director directly owned 3,708,433 shares in the company, valued at approximately $250,727,155.13. The trade was a 12.51% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.60% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages have weighed in on VAC. Truist Financial dropped their price target on shares of Marriott Vacations Worldwide from $128.00 to $127.00 and set a "buy" rating for the company in a research report on Thursday, August 21st. 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 price target on shares of Marriott Vacations Worldwide from $55.00 to $65.00 and gave the company a "sell" rating in a research report on Wednesday, August 6th. Finally, Stifel Nicolaus set a $101.00 price target on shares of Marriott Vacations Worldwide and gave the company a "buy" rating in a research report on Tuesday, August 5th. Four 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 company presently has an average rating of "Hold" and an average price target of $90.50.

Marriott Vacations Worldwide Trading Down 2.9%

Shares of NYSE:VAC traded down $2.32 on Friday, hitting $77.13. The company had a trading volume of 366,352 shares, compared to its average volume of 303,514. The firm's 50-day simple moving average is $77.96 and its two-hundred day simple moving average is $69.49. Marriott Vacations Worldwide Corporation has a 1 year low of $49.22 and a 1 year high of $100.32. The company has a quick ratio of 2.90, a current ratio of 3.55 and a debt-to-equity ratio of 2.17. The firm has a market capitalization of $2.67 billion, a price-to-earnings ratio of 11.60, a P/E/G ratio of 1.16 and a beta of 1.48.

Marriott Vacations Worldwide (NYSE:VAC - Get Free Report) last posted its earnings results on Monday, August 4th. The company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.72 by $0.24. Marriott Vacations Worldwide had a net margin of 5.10% and a return on equity of 11.74%. The firm had revenue of $1.25 billion during the quarter, compared to analysts' expectations of $1.22 billion. During the same period last year, the company posted $1.10 EPS. The company's quarterly revenue 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. Equities analysts anticipate that Marriott Vacations Worldwide Corporation will post 6.23 earnings per share for the current fiscal 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 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend is Wednesday, September 17th. Marriott Vacations Worldwide's dividend payout ratio (DPR) 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.