State of Wyoming Lowers Holdings in Marriott Vacations Worldwide Corporation $VAC

Key Points

• The State of Wyoming has reduced its holdings in Marriott Vacations Worldwide Corporation (NYSE:VAC) by 25.9%, now owning 9,887 shares worth $635,000.
• During the first quarter, several hedge funds increased their positions in Marriott Vacations, with Fuller & Thaler Asset Management Inc. boosting its stake by 32.2% to 1,822,687 shares.
• Marriott reported $1.96 EPS for the last quarter, exceeding estimates, and set a fiscal year 2025 guidance of 6.400-7.100 EPS.

State of Wyoming cut its holdings in shares of Marriott Vacations Worldwide Corporation (NYSE:VAC - Free Report) by 25.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,887 shares of the company's stock after selling 3,458 shares during the period. State of Wyoming's holdings in Marriott Vacations Worldwide were worth $635,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. 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 acquiring an additional 228 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in Marriott Vacations Worldwide in the 1st quarter valued at $53,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Marriott Vacations Worldwide in the 4th quarter valued at $89,000. Headlands Technologies LLC purchased a new position in Marriott Vacations Worldwide in the 1st quarter valued at $112,000. Finally, Forum Financial Management LP purchased a new position in Marriott Vacations Worldwide in the 4th quarter valued at $203,000. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Marriott Vacations Worldwide Price Performance

VAC stock traded down $0.94 during trading on Tuesday, hitting $77.21. The stock had a trading volume of 269,439 shares, compared to its average volume of 545,709. The company's 50 day moving average price is $77.50 and its two-hundred day moving average price is $69.94. Marriott Vacations Worldwide Corporation has a 1-year low of $49.22 and a 1-year high of $100.32. The stock has a market cap of $2.67 billion, a price-to-earnings ratio of 11.61, a price-to-earnings-growth ratio of 1.13 and a beta of 1.48. 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 announced its earnings results on Monday, August 4th. The company reported $1.96 earnings per share for the quarter, beating 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 the consensus estimate of $1.22 billion. During the same quarter in the previous year, the company posted $1.10 EPS. The firm'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 forecast that Marriott Vacations Worldwide Corporation will post 6.23 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on VAC. Stifel Nicolaus set a $101.00 price objective on shares of Marriott Vacations Worldwide and gave the company a "buy" rating in a research report on Tuesday, August 5th. The Goldman Sachs Group lifted their price objective 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. Truist Financial lowered their price objective 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, August 21st. Morgan Stanley reiterated an "underweight" rating on shares of Marriott Vacations Worldwide in a research report on Tuesday, July 15th. Finally, Mizuho lowered their price objective on shares of 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 research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $90.50.

Insider Buying and Selling

In other Marriott Vacations Worldwide news, Director Christian Asmar purchased 337,551 shares of the stock in a transaction on Wednesday, June 18th. The stock was bought at an average price of $68.11 per share, for a total transaction of $22,990,598.61. Following the acquisition, the director directly owned 4,045,984 shares of the company's stock, valued at $275,571,970.24. This represents a 9.10% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. 1.60% of the stock is owned by company 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.