Caxton Associates LLP increased its stake in shares of Marriott Vacations Worldwide Corporation (NYSE:VAC – Free Report) by 13.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 57,242 shares of the company’s stock after buying an additional 6,852 shares during the quarter. Caxton Associates LLP owned about 0.17% of Marriott Vacations Worldwide worth $3,728,000 as of its most recent SEC filing.
Several other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in Marriott Vacations Worldwide by 7.4% during the 4th quarter. Vanguard Group Inc. now owns 3,392,787 shares of the company’s stock worth $195,730,000 after acquiring an additional 234,105 shares during the period. Ananym Capital Management LP grew its stake in Marriott Vacations Worldwide by 0.4% during the 4th quarter. Ananym Capital Management LP now owns 736,947 shares of the company’s stock valued at $42,514,000 after purchasing an additional 3,200 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of Marriott Vacations Worldwide by 11.0% in the third quarter. Arrowstreet Capital Limited Partnership now owns 705,629 shares of the company’s stock valued at $46,967,000 after purchasing an additional 69,652 shares during the period. Deprince Race & Zollo Inc. increased its holdings in shares of Marriott Vacations Worldwide by 5.4% in the first quarter. Deprince Race & Zollo Inc. now owns 524,247 shares of the company’s stock valued at $34,139,000 after purchasing an additional 26,824 shares during the period. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Marriott Vacations Worldwide by 41.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 399,668 shares of the company’s stock valued at $23,057,000 after purchasing an additional 117,030 shares during the period. 89.52% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
VAC has been the subject of a number of research reports. Barclays lifted their target price on Marriott Vacations Worldwide from $80.00 to $94.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Morgan Stanley increased their price target on shares of Marriott Vacations Worldwide from $51.00 to $52.00 and gave the stock an “underweight” rating in a report on Friday, July 17th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Marriott Vacations Worldwide from $92.00 to $119.00 and gave the stock a “buy” rating in a research report on Tuesday, June 30th. The Goldman Sachs Group upgraded shares of Marriott Vacations Worldwide from a “sell” rating to a “buy” rating and set a $100.00 price objective for the company in a research note on Monday, June 1st. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Marriott Vacations Worldwide in a report on Friday, June 12th. Seven research analysts have rated the stock with a Buy rating, two have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $86.70.
Marriott Vacations Worldwide Stock Down 3.5%
VAC opened at $93.62 on Friday. The company has a fifty day moving average of $91.81 and a two-hundred day moving average of $74.42. The stock has a market capitalization of $3.22 billion, a price-to-earnings ratio of -9.28, a PEG ratio of 2.20 and a beta of 1.22. Marriott Vacations Worldwide Corporation has a fifty-two week low of $44.58 and a fifty-two week high of $105.97. The company has a debt-to-equity ratio of 2.80, a quick ratio of 2.77 and a current ratio of 3.30.
Marriott Vacations Worldwide (NYSE:VAC – Get Free Report) last posted its earnings results on Tuesday, May 5th. The company reported $1.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.67 by ($0.43). Marriott Vacations Worldwide had a positive return on equity of 11.37% and a negative net margin of 6.72%.The firm had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same period in the previous year, the company earned $1.66 earnings per share. The company’s revenue was up 4.8% compared to the same quarter last year. Marriott Vacations Worldwide has set its FY 2026 guidance at 7.050-7.800 EPS. On average, research analysts expect that Marriott Vacations Worldwide Corporation will post 7.32 earnings per share for the current year.
Marriott Vacations Worldwide Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 27th were given a dividend of $0.80 per share. The ex-dividend date was Wednesday, May 27th. This represents a $3.20 dividend on an annualized basis and a yield of 3.4%. Marriott Vacations Worldwide’s dividend payout ratio is currently -31.71%.
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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