Vanguard Group Inc. Sells 26,039 Shares of 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. lessened its holdings in Marriott Vacations Worldwide Corporation (NYSE:VAC - Free Report) by 0.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,200,971 shares of the company's stock after selling 26,039 shares during the quarter. Vanguard Group Inc. owned approximately 9.26% of Marriott Vacations Worldwide worth $205,630,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in VAC. Point72 Asset Management L.P. bought a new position in Marriott Vacations Worldwide in the 4th quarter valued at approximately $37,974,000. AQR Capital Management LLC raised its holdings in Marriott Vacations Worldwide by 47.2% in the 4th quarter. AQR Capital Management LLC now owns 765,480 shares of the company's stock valued at $68,510,000 after buying an additional 245,427 shares during the last quarter. Ananym Capital Management LP bought a new position in Marriott Vacations Worldwide in the 4th quarter valued at approximately $21,987,000. Dimensional Fund Advisors LP raised its holdings in Marriott Vacations Worldwide by 6.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,883,197 shares of the company's stock valued at $169,110,000 after buying an additional 116,854 shares during the last quarter. Finally, First Trust Advisors LP raised its holdings in Marriott Vacations Worldwide by 63.3% during the 4th quarter. First Trust Advisors LP now owns 286,081 shares of the company's stock worth $25,690,000 after purchasing an additional 110,947 shares during the last quarter. Institutional investors own 89.52% of the company's stock.

Insider Buying and Selling at Marriott Vacations Worldwide

In other news, Director Christian Asmar acquired 412,449 shares of the stock in a transaction that occurred on Tuesday, June 17th. The shares were acquired at an average cost of $67.61 per share, for a total transaction of $27,885,676.89. Following the purchase, the director 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 Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.60% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on VAC shares. Morgan Stanley restated an "underweight" rating on shares of Marriott Vacations Worldwide in a report on Tuesday, July 15th. Barclays lowered their price target on shares of Marriott Vacations Worldwide from $97.00 to $88.00 and set an "overweight" rating for the company in a report on Monday, May 12th. Stifel Nicolaus set a $101.00 price target on shares of Marriott Vacations Worldwide and gave the stock 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 stock a "sell" rating in a report on Wednesday, August 6th. Finally, Truist Financial lowered 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 report on Thursday. Four equities research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $90.50.

Marriott Vacations Worldwide Trading Up 7.4%

Shares of VAC stock traded up $5.44 during trading hours on Friday, hitting $79.39. 512,985 shares of the company were exchanged, compared to its average volume of 471,953. The firm has a market cap of $2.75 billion, a P/E ratio of 11.94, a P/E/G ratio of 1.08 and a beta of 1.49. Marriott Vacations Worldwide Corporation has a fifty-two week low of $49.22 and a fifty-two week high of $100.32. The company has a debt-to-equity ratio of 2.17, a quick ratio of 2.90 and a current ratio of 3.55. The company has a 50 day simple moving average of $76.32 and a two-hundred day simple moving average of $70.43.

Marriott Vacations Worldwide (NYSE:VAC - Get Free Report) last posted its quarterly earnings results on Monday, August 4th. The company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.72 by $0.24. The business had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.22 billion. Marriott Vacations Worldwide had a net margin of 5.10% and a return on equity of 11.74%. Marriott Vacations Worldwide's revenue was up 9.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.10 EPS. 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 EPS for the current year.

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.