The Manufacturers Life Insurance Company purchased a new position in Marriott Vacations Worldwide Corporation (NYSE:VAC – Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 14,082 shares of the company’s stock, valued at approximately $1,435,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Goldman Sachs Group Inc. raised its position in shares of Marriott Vacations Worldwide by 18.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 140,662 shares of the company’s stock worth $9,036,000 after purchasing an additional 21,623 shares during the last quarter. Empowered Funds LLC grew its position in Marriott Vacations Worldwide by 147.9% during the 1st quarter. Empowered Funds LLC now owns 8,487 shares of the company’s stock valued at $545,000 after purchasing an additional 5,064 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Marriott Vacations Worldwide by 4.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 100,636 shares of the company’s stock valued at $6,465,000 after purchasing an additional 4,497 shares during the last quarter. Invesco Ltd. increased its stake in Marriott Vacations Worldwide by 102.9% during the 2nd quarter. Invesco Ltd. now owns 212,199 shares of the company’s stock valued at $15,344,000 after purchasing an additional 107,598 shares in the last quarter. Finally, First Trust Advisors LP increased its stake in Marriott Vacations Worldwide by 22.7% during the 2nd quarter. First Trust Advisors LP now owns 121,820 shares of the company’s stock valued at $8,809,000 after purchasing an additional 22,506 shares in the last quarter. Hedge funds and other institutional investors own 89.52% of the company’s stock.
Analyst Ratings Changes
A number of equities analysts recently weighed in on VAC shares. Weiss Ratings upgraded shares of Marriott Vacations Worldwide from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, August 7th. Wells Fargo & Company upped their price target 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 reiterated a “buy” rating and issued a $134.00 price objective on shares of Marriott Vacations Worldwide in a report on Wednesday, August 12th. Zacks Research raised Marriott Vacations Worldwide from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 10th. Finally, Morgan Stanley restated an “underweight” rating and set a $65.00 target price on shares of Marriott Vacations Worldwide in a research note on Tuesday, August 18th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $101.45.
Insiders Place Their Bets
In other Marriott Vacations Worldwide news, insider Kathleen A. Pighini sold 2,500 shares of the business’s stock in a transaction dated 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 sale, the insider owned 10,821 shares of the company’s stock, valued at approximately $1,298,520. The trade was a 18.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Christian Asmar sold 750,000 shares of the company’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $111.49, for a total value of $83,617,500.00. Following the completion of the sale, the director owned 3,380,818 shares of the company’s stock, valued at approximately $376,927,398.82. The trade was a 18.16% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 13.30% of the company’s stock.
Marriott Vacations Worldwide Trading Down 0.7%
Shares of NYSE:VAC opened at $99.30 on Friday. The stock has a market capitalization of $3.42 billion, a price-to-earnings ratio of -10.20, a PEG ratio of 1.91 and a beta of 1.24. The company has a debt-to-equity ratio of 2.65, a quick ratio of 2.99 and a current ratio of 3.56. The stock’s 50-day simple moving average is $105.00 and its two-hundred day simple moving average is $85.22. Marriott Vacations Worldwide Corporation has a 52-week low of $44.58 and a 52-week 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 EPS for the quarter, beating the consensus estimate of $1.97 by $0.34. The firm had revenue of $1.32 billion during the quarter, compared to analyst estimates 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 business’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.96 EPS. Marriott Vacations Worldwide has set its FY 2026 guidance at 8.250-9.050 EPS. Analysts expect that Marriott Vacations Worldwide Corporation will post 8.7 EPS for the current year.
Marriott Vacations Worldwide Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be given a dividend of $0.80 per share. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.2%. Marriott Vacations Worldwide’s payout ratio is presently -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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