The Manufacturers Life Insurance Company Trims Stock Position in Marriott Vacations Worldwide Corporation $VAC

Key Points

• The Manufacturers Life Insurance Company cut its Marriott Vacations Worldwide stake by 98.2% in the first quarter, selling 750,427 shares and retaining 13,766 shares worth approximately $896,000. Institutional investors collectively own 89.52% of VAC.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $99.30; targets from individual firms range as high as $140.
• Marriott Vacations Worldwide exceeded quarterly expectations, reporting $2.31 EPS versus $1.97 expected and $1.32 billion in revenue, up 5.9% year over year. The stock opened at $118.47, near its 52-week high of $131.34.

The Manufacturers Life Insurance Company decreased its stake in Marriott Vacations Worldwide Corporation (NYSE:VAC - Free Report) by 98.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,766 shares of the company's stock after selling 750,427 shares during the period. The Manufacturers Life Insurance Company's holdings in Marriott Vacations Worldwide were worth $896,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Quantinno Capital Management LP raised its stake in Marriott Vacations Worldwide by 12.3% during the 1st quarter. Quantinno Capital Management LP now owns 474,037 shares of the company's stock worth $30,869,000 after acquiring an additional 52,007 shares in the last quarter. Public Employees Retirement System of Ohio boosted its stake in Marriott Vacations Worldwide by 51.2% in the first quarter. Public Employees Retirement System of Ohio now owns 65,679 shares of the company's stock valued at $4,277,000 after acquiring an additional 22,236 shares in the last quarter. Caxton Associates LLP grew its holdings in shares of Marriott Vacations Worldwide by 13.6% during the first quarter. Caxton Associates LLP now owns 57,242 shares of the company's stock worth $3,728,000 after purchasing an additional 6,852 shares during the last quarter. Sei Investments Co. increased its position in shares of Marriott Vacations Worldwide by 174.0% during the first quarter. Sei Investments Co. now owns 142,843 shares of the company's stock worth $9,302,000 after purchasing an additional 90,704 shares in the last quarter. Finally, First Trust Advisors LP increased its position in shares of Marriott Vacations Worldwide by 9.3% during the first quarter. First Trust Advisors LP now owns 89,753 shares of the company's stock worth $5,845,000 after purchasing an additional 7,632 shares in the last quarter. 89.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

VAC has been the subject of a number of research analyst reports. Weiss Ratings raised Marriott Vacations Worldwide from a "sell (d)" rating to a "sell (d+)" rating in a research report on Friday, August 7th. The Goldman Sachs Group reiterated a "buy" rating and issued a $132.00 price objective on shares of Marriott Vacations Worldwide in a research note on Friday, August 7th. Wells Fargo & Company increased their price objective on Marriott Vacations Worldwide from $68.00 to $101.00 and gave the company an "underweight" rating in a report on Friday, August 7th. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a $134.00 target price on shares of Marriott Vacations Worldwide in a research report on Wednesday. Finally, Barclays upped their price target on shares of Marriott Vacations Worldwide from $94.00 to $140.00 and gave the company an "overweight" rating in a research report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $99.30.

Marriott Vacations Worldwide Trading Up 3.1%

Shares of Marriott Vacations Worldwide stock opened at $118.47 on Thursday. The firm has a market cap of $4.07 billion, a price-to-earnings ratio of -12.16, a price-to-earnings-growth ratio of 2.14 and a beta of 1.23. Marriott Vacations Worldwide Corporation has a 52-week low of $44.58 and a 52-week high of $131.34. The company's 50-day simple moving average is $99.31 and its 200-day simple moving average is $78.84. The company has a quick ratio of 2.99, a current ratio of 3.56 and a debt-to-equity ratio of 2.65.

Marriott Vacations Worldwide (NYSE:VAC - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The company reported $2.31 earnings per share for the quarter, beating analysts' consensus estimates of $1.97 by $0.34. Marriott Vacations Worldwide had a positive return on equity of 12.27% and a negative net margin of 6.47%.The company had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same quarter in the previous year, the company earned $1.96 EPS. The firm's revenue for the quarter was up 5.9% compared to the same quarter last year. Marriott Vacations Worldwide has set its FY 2026 guidance at 8.250-9.050 EPS. As a group, equities research analysts anticipate that Marriott Vacations Worldwide Corporation will post 8.89 earnings per share for the current year.

About Marriott Vacations Worldwide

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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