Public Employees Retirement System of Ohio Makes New Investment in Marriott Vacations Worldwide Corporation $VAC

Key Points

• Public Employees Retirement System of Ohio acquired 81,166 Marriott Vacations Worldwide shares worth approximately $8.27 million, while institutional investors collectively own 89.52% of the company.
• Insiders sold significant holdings: Director Christian Asmar sold 750,000 shares for roughly $83.6 million, and insider Kathleen Pighini sold 2,500 shares for $300,000.
• Analyst views remain mixed, with a consensus “Hold” rating and a $101.45 target price. VAC recently traded at $104.03 after the company beat quarterly earnings and revenue estimates.

Public Employees Retirement System of Ohio acquired a new position in shares of Marriott Vacations Worldwide Corporation (NYSE:VAC - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 81,166 shares of the company's stock, valued at approximately $8,269,000. Public Employees Retirement System of Ohio owned 0.24% of Marriott Vacations Worldwide at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in VAC. Capital World Investors purchased a new stake in shares of Marriott Vacations Worldwide in the 3rd quarter valued at $226,000. Vanguard Group Inc. raised its holdings in shares of Marriott Vacations Worldwide by 7.4% during the fourth quarter. Vanguard Group Inc. now owns 3,392,787 shares of the company's stock worth $195,730,000 after purchasing an additional 234,105 shares during the last quarter. Schonfeld Strategic Advisors LLC acquired a new position in Marriott Vacations Worldwide during the fourth quarter valued at $12,633,000. AQR Capital Management LLC lifted its position in Marriott Vacations Worldwide by 157.8% during the fourth quarter. AQR Capital Management LLC now owns 351,552 shares of the company's stock valued at $20,281,000 after purchasing an additional 215,202 shares during the period. Finally, Bank of New York Mellon Corp purchased a new stake in Marriott Vacations Worldwide in the second quarter valued at $17,975,000. 89.52% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Marriott Vacations Worldwide

In other news, insider Kathleen A. Pighini sold 2,500 shares of Marriott Vacations Worldwide stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $120.00, for a total value of $300,000.00. Following the sale, the insider owned 10,821 shares in the company, valued at $1,298,520. This trade represents a 18.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Christian Asmar sold 750,000 shares of the business's stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $111.49, for a total transaction of $83,617,500.00. Following the sale, the director directly owned 3,380,818 shares of the company's stock, valued at $376,927,398.82. This represents a 18.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 13.30% of the company's stock.

Analysts Set New Price Targets

A number of research firms have weighed in on VAC. Morgan Stanley reiterated an "underweight" rating and set a $65.00 price objective on shares of Marriott Vacations Worldwide in a research note on Tuesday, August 18th. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a $134.00 target price on shares of Marriott Vacations Worldwide in a research note on Wednesday, August 12th. Zacks Research raised Marriott Vacations Worldwide from a "hold" rating to a "strong-buy" rating in a report on Monday, August 10th. Susquehanna started coverage on Marriott Vacations Worldwide in a research report on Tuesday, August 18th. They set a "neutral" rating and a $110.00 price target for the company. Finally, The Goldman Sachs Group reissued a "buy" rating and issued a $132.00 price target on shares of Marriott Vacations Worldwide in a report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have given a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat.com, Marriott Vacations Worldwide has a consensus rating of "Hold" and a consensus target price of $101.45.

Marriott Vacations Worldwide Trading Down 5.5%

Shares of VAC stock opened at $104.03 on Tuesday. The company has a debt-to-equity ratio of 2.65, a current ratio of 3.56 and a quick ratio of 2.99. The company has a market cap of $3.58 billion, a price-to-earnings ratio of -10.68, a PEG ratio of 2.10 and a beta of 1.23. The stock has a 50 day simple moving average of $104.93 and a 200-day simple moving average of $84.26. Marriott Vacations Worldwide Corporation has a 1-year low of $44.58 and a 1-year high of $131.34.

Marriott Vacations Worldwide (NYSE:VAC - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported $2.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.97 by $0.34. The firm had revenue of $1.32 billion for the quarter, compared to analysts' expectations of $1.30 billion. Marriott Vacations Worldwide had a negative net margin of 6.47% and a positive return on equity of 12.27%. The firm's revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.96 EPS. Marriott Vacations Worldwide has set its FY 2026 guidance at 8.250-9.050 EPS. On average, equities research analysts expect that Marriott Vacations Worldwide Corporation will post 8.7 EPS for the current fiscal year.

Marriott Vacations Worldwide Profile

Marriott Vacations Worldwide Corporation, headquartered in Orlando, Florida, specializes in the development, marketing and management of vacation ownership resorts and related products. Originally launched as a division of Marriott International in 1984, the company became a separate publicly traded entity in 2011. Since then, it has expanded its offerings through both organic growth and strategic acquisitions, establishing itself as a leading provider in the global timeshare industry.

The company's core business activities include selling vacation ownership interests, managing a growing portfolio of branded resorts and operating a loyalty program that allows members to exchange or use points at affiliated properties.

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