Wellington Management Group LLP Reduces Stake in Marriott Vacations Worldwide Corporation $VAC

Key Points

• Wellington Management cut its Marriott Vacations Worldwide stake by 70.8% in the second quarter, selling 226,365 shares and retaining 93,411 shares worth approximately $9.5 million. Institutional investors collectively own 89.52% of the company.
• Company insiders also reduced their holdings, including Director Christian Asmar’s sale of 750,000 shares for about $83.6 million. Insiders own 13.30% of Marriott Vacations Worldwide.
• Analyst sentiment is mixed, with a consensus “Hold” rating and an average price target of $101.45. The company recently exceeded quarterly earnings and revenue expectations, reporting EPS of $2.31 and revenue of $1.32 billion, while declaring a quarterly dividend of $0.80 per share.

Wellington Management Group LLP lessened its stake in shares of Marriott Vacations Worldwide Corporation (NYSE:VAC - Free Report) by 70.8% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 93,411 shares of the company's stock after selling 226,365 shares during the quarter. Wellington Management Group LLP owned about 0.27% of Marriott Vacations Worldwide worth $9,517,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of VAC. Empowered Funds LLC purchased a new stake in shares of Marriott Vacations Worldwide in the second quarter worth about $14,325,000. Public Employees Retirement System of Ohio bought a new stake in Marriott Vacations Worldwide during the 2nd quarter worth approximately $8,269,000. Corient Private Wealth LP bought a new position in Marriott Vacations Worldwide in the 2nd quarter valued at $1,880,000. Bamco Inc. NY purchased a new position in shares of Marriott Vacations Worldwide during the 2nd quarter valued at $14,751,000. Finally, Gallagher Fiduciary Advisors LLC bought a new position in shares of Marriott Vacations Worldwide in the second quarter worth $227,000. 89.52% of the stock is currently owned by institutional investors.

Insider Activity at Marriott Vacations Worldwide

In other news, Director Christian Asmar sold 750,000 shares of the firm's stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $111.49, for a total value of $83,617,500.00. Following the transaction, the director owned 3,380,818 shares in the company, valued at approximately $376,927,398.82. This trade represents a 18.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Kathleen A. Pighini sold 2,500 shares of Marriott Vacations Worldwide stock in a transaction on Monday, August 17th. The stock was sold at an average price of $120.00, for a total transaction of $300,000.00. Following the completion of the transaction, the insider directly owned 10,821 shares in the company, valued at approximately $1,298,520. The trade was a 18.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 13.30% of the company's stock.

Analyst Ratings Changes

Several analysts have weighed in on the company. Morgan Stanley reaffirmed an "underweight" rating and issued a $65.00 price target on shares of Marriott Vacations Worldwide in a report on Tuesday, August 18th. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a $134.00 price objective on shares of Marriott Vacations Worldwide in a research report on Wednesday, August 12th. Zacks Research raised Marriott Vacations Worldwide from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 10th. Wall Street Zen upgraded Marriott Vacations Worldwide from a "hold" rating to a "buy" rating in a report on Saturday, August 15th. Finally, Susquehanna began coverage on Marriott Vacations Worldwide in a report on Tuesday, August 18th. They set a "neutral" rating and a $110.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, Marriott Vacations Worldwide presently has a consensus rating of "Hold" and an average price target of $101.45.

Marriott Vacations Worldwide Stock Performance

Marriott Vacations Worldwide stock opened at $102.13 on Wednesday. The firm has a fifty day simple moving average of $105.19 and a two-hundred day simple moving average of $86.24. 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 Corporation has a twelve month low of $44.58 and a twelve month high of $131.34. The company has a market capitalization of $3.51 billion, a PE ratio of -10.49, a P/E/G ratio of 2.03 and a beta of 1.24.

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 (EPS) 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 firm had revenue of $1.32 billion for the quarter, compared to analysts' expectations of $1.30 billion. During the same period last year, the firm earned $1.96 earnings per share. The company'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. Research analysts expect that Marriott Vacations Worldwide Corporation will post 8.7 EPS for the current year.

Marriott Vacations Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th will be paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend is Wednesday, September 16th. Marriott Vacations Worldwide's payout ratio is -32.85%.

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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