Marriott Vacations Worldwide Corporation $VAC Stake Lessened by Trexquant Investment LP

Key Points

• Trexquant Investment LP significantly reduced its stake in Marriott Vacations Worldwide Corporation by 79.8%, now holding only 18,809 shares valued at approximately $1.21 million after selling 74,395 shares.
• Marriott Vacations Worldwide reported a 9.3% increase in revenue year-over-year, totaling $1.25 billion, and surpassed analysts' earnings expectations with a Q2 EPS of $1.96.
• The company declared a quarterly dividend of $0.79 per share with a dividend yield of 4.0%, set to be paid on October 1st.

Trexquant Investment LP decreased its holdings in shares of Marriott Vacations Worldwide Corporation (NYSE:VAC - Free Report) by 79.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,809 shares of the company's stock after selling 74,395 shares during the quarter. Trexquant Investment LP owned approximately 0.05% of Marriott Vacations Worldwide worth $1,208,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC raised its stake in Marriott Vacations Worldwide by 6,557.7% during the first quarter. GAMMA Investing LLC now owns 14,647 shares of the company's stock worth $941,000 after acquiring an additional 14,427 shares during the period. Captrust Financial Advisors acquired a new stake in Marriott Vacations Worldwide during the fourth quarter worth about $440,000. Wealth Enhancement Advisory Services LLC raised its stake in Marriott Vacations Worldwide by 74.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 13,653 shares of the company's stock worth $1,226,000 after acquiring an additional 5,816 shares during the period. SG Americas Securities LLC acquired a new stake in Marriott Vacations Worldwide during the first quarter worth about $436,000. Finally, Blueshift Asset Management LLC acquired a new stake in Marriott Vacations Worldwide during the first quarter worth about $358,000. Institutional investors and hedge funds own 89.52% of the company's stock.

Marriott Vacations Worldwide Stock Performance

NYSE VAC traded down $2.32 on Friday, hitting $77.13. The stock had a trading volume of 366,352 shares, compared to its average volume of 303,514. Marriott Vacations Worldwide Corporation has a one year low of $49.22 and a one 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 stock has a market cap 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. The company's 50-day moving average is $77.96 and its two-hundred day moving average is $69.60.

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. Marriott Vacations Worldwide's quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.10 EPS. Marriott Vacations Worldwide has set its FY 2025 guidance at 6.400-7.100 EPS. On average, analysts expect that Marriott Vacations Worldwide Corporation will post 6.23 earnings per share for the current year.

Marriott Vacations Worldwide Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Wednesday, September 17th will be issued a $0.79 dividend. The ex-dividend date is Wednesday, September 17th. This represents a $3.16 annualized dividend and a dividend yield of 4.1%. Marriott Vacations Worldwide's dividend payout ratio (DPR) is 47.52%.

Analyst Ratings Changes

VAC has been the topic of several research reports. The Goldman Sachs Group increased their price objective on shares of Marriott Vacations Worldwide from $55.00 to $65.00 and gave the stock a "sell" rating in a research note on Wednesday, August 6th. Stifel Nicolaus set a $101.00 price objective on shares of Marriott Vacations Worldwide and gave the stock a "buy" rating in a research note on Tuesday, August 5th. Morgan Stanley reiterated an "underweight" rating on shares of Marriott Vacations Worldwide in a research note on Tuesday, July 15th. Finally, Truist Financial decreased their target price 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. Four research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Marriott Vacations Worldwide presently has an average rating of "Hold" and a consensus price target of $90.50.

Insider Activity

In related news, Director Christian Asmar acquired 412,449 shares of the firm's stock in a transaction dated Tuesday, June 17th. The stock was acquired at an average cost of $67.61 per share, for a total transaction of $27,885,676.89. Following the completion of the acquisition, the director directly owned 3,708,433 shares of the company's stock, valued at approximately $250,727,155.13. The trade was a 12.51% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.60% of the stock is owned by company insiders.

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.