Nuveen LLC Acquires New Holdings in Marriott Vacations Worldwide Corporation $VAC

Key Points

• Nuveen LLC purchased 69,934 shares of Marriott Vacations Worldwide Corporation, valued at approximately $4.49 million, representing a 0.20% ownership stake in the company as of the latest SEC filing.
• Director Christian Asmar significantly increased his stake by acquiring 412,449 shares for about $27.89 million, bringing his total shares owned to over 3.7 million.
• Marriott Vacations Worldwide has a current market capitalization of $2.69 billion, with a PE ratio of 11.67 and a recent earnings performance that exceeded analyst estimates.

Nuveen LLC bought a new stake in shares of Marriott Vacations Worldwide Corporation (NYSE:VAC - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 69,934 shares of the company's stock, valued at approximately $4,493,000. Nuveen LLC owned approximately 0.20% of Marriott Vacations Worldwide as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Fifth Third Bancorp grew its stake in Marriott Vacations Worldwide by 136.5% during the first quarter. Fifth Third Bancorp now owns 395 shares of the company's stock valued at $25,000 after acquiring an additional 228 shares in the last quarter. Investment Advisory Group LLC purchased a new position in shares of Marriott Vacations Worldwide during the first quarter valued at about $31,000. True Wealth Design LLC grew its position 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 purchasing an additional 155 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Marriott Vacations Worldwide during the fourth quarter valued at about $89,000. Finally, Headlands Technologies LLC purchased a new position in shares of Marriott Vacations Worldwide during the first quarter valued at about $112,000. 89.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on VAC shares. Stifel Nicolaus set a $101.00 price target on shares of Marriott Vacations Worldwide and gave the company a "buy" rating in a report on Tuesday, August 5th. 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 report on Wednesday, August 6th. 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, August 21st. Morgan Stanley reaffirmed an "underweight" rating on shares of Marriott Vacations Worldwide in a report on Tuesday, July 15th. Finally, Mizuho lowered their price target on shares of Marriott Vacations Worldwide from $112.00 to $105.00 and set an "outperform" rating for the company in a report on Friday, May 9th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Marriott Vacations Worldwide presently has an average rating of "Hold" and a consensus target price of $90.50.

Marriott Vacations Worldwide Stock Down 0.7%

Shares of Marriott Vacations Worldwide stock traded down $0.56 during trading on Friday, hitting $78.05. 219,331 shares of the stock traded hands, compared to its average volume of 427,242. The firm has a market cap of $2.70 billion, a P/E ratio of 11.74, a price-to-earnings-growth ratio of 1.14 and a beta of 1.49. The company has a current ratio of 3.55, a quick ratio of 2.90 and a debt-to-equity ratio of 2.17. Marriott Vacations Worldwide Corporation has a 52-week low of $49.22 and a 52-week high of $100.32. The stock's fifty day simple moving average is $77.34 and its 200 day simple moving average is $70.19.

Marriott Vacations Worldwide (NYSE:VAC - Get Free Report) last issued its quarterly earnings data 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 company 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%. Marriott Vacations Worldwide's revenue was up 9.3% compared to the same quarter last year. During the same period last year, the company posted $1.10 earnings per share. Marriott Vacations Worldwide has set its FY 2025 guidance at 6.400-7.100 EPS. On average, equities analysts predict that Marriott Vacations Worldwide Corporation will post 6.23 earnings per share for the current fiscal year.

Insider Transactions at Marriott Vacations Worldwide

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

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.