Vanguard Group Inc. Trims Stock Holdings in Marriott Vacations Worldwide Corporation $VAC

Key Points

• Vanguard Group Inc. has reduced its stake in Marriott Vacations Worldwide by 0.8%, now holding approximately 9.26% of the company, valued at $205.63 million after selling 26,039 shares.
• Director Christian Asmar significantly increased his holdings by purchasing 412,449 shares at an average price of $67.61, raising his total ownership to about $250.73 million.
• Marriott Vacations Worldwide reported better-than-expected Q2 earnings with a net income of $1.96 per share, exceeding analysts' estimates of $1.72, alongside a 9.3% year-over-year revenue increase.

Vanguard Group Inc. trimmed its stake in Marriott Vacations Worldwide Corporation (NYSE:VAC - Free Report) by 0.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,200,971 shares of the company's stock after selling 26,039 shares during the quarter. Vanguard Group Inc. owned about 9.26% of Marriott Vacations Worldwide worth $205,630,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Fifth Third Bancorp grew its holdings in Marriott Vacations Worldwide by 136.5% in the first quarter. Fifth Third Bancorp now owns 395 shares of the company's stock worth $25,000 after purchasing an additional 228 shares during the period. True Wealth Design LLC grew 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 valued at $53,000 after buying an additional 155 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Marriott Vacations Worldwide during the fourth quarter valued at about $89,000. Sterling Capital Management LLC grew its holdings in shares of Marriott Vacations Worldwide by 57.6% during the fourth quarter. Sterling Capital Management LLC now owns 2,092 shares of the company's stock valued at $188,000 after buying an additional 765 shares during the last quarter. Finally, Forum Financial Management LP acquired a new position in shares of Marriott Vacations Worldwide during the fourth quarter valued at about $203,000. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently issued reports 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 report on Tuesday, August 5th. The Goldman Sachs Group raised 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. Mizuho dropped their price target 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. Barclays dropped their price target on shares of 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. Finally, Truist Financial dropped their price target 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. Four investment analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Marriott Vacations Worldwide currently has an average rating of "Hold" and a consensus price target of $90.50.

Marriott Vacations Worldwide Stock Performance

VAC stock traded down $1.7420 during mid-day trading on Monday, hitting $77.5980. The company had a trading volume of 277,113 shares, compared to its average volume of 477,861. The firm has a market cap of $2.68 billion, a PE ratio of 11.67, a price-to-earnings-growth ratio of 1.16 and a beta of 1.49. 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 stock's fifty day moving average price is $76.52 and its two-hundred day moving average price is $70.16.

Marriott Vacations Worldwide (NYSE:VAC - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.72 by $0.24. The business had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.22 billion. Marriott Vacations Worldwide had a net margin of 5.10% and a return on equity of 11.74%. The company's revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.10 earnings per share. Marriott Vacations Worldwide has set its FY 2025 guidance at 6.400-7.100 EPS. On average, analysts forecast that Marriott Vacations Worldwide Corporation will post 6.23 earnings per share for the current fiscal year.

Insider Buying and Selling at Marriott Vacations Worldwide

In other Marriott Vacations Worldwide news, Director Christian Asmar bought 412,449 shares of Marriott Vacations Worldwide stock in a transaction dated 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 completion of the purchase, the director directly owned 3,708,433 shares of the company's stock, valued at approximately $250,727,155.13. This trade represents a 12.51% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 1.60% of the stock is owned by 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.