Rhumbline Advisers Boosts Position in Marriott Vacations Worldwide Corporation $VAC

Rhumbline Advisers raised its stake in Marriott Vacations Worldwide Corporation (NYSE:VAC) by 19.9% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 113,013 shares of the company’s stock after acquiring an additional 18,722 shares during the period. Rhumbline Advisers’ holdings in Marriott Vacations Worldwide were worth $8,172,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Northern Trust Corp grew its position in shares of Marriott Vacations Worldwide by 1.9% in the 1st quarter. Northern Trust Corp now owns 329,952 shares of the company’s stock valued at $21,196,000 after buying an additional 6,182 shares during the last quarter. Hsbc Holdings PLC lifted its position in Marriott Vacations Worldwide by 94.2% in the first quarter. Hsbc Holdings PLC now owns 16,895 shares of the company’s stock valued at $1,081,000 after acquiring an additional 8,196 shares during the last quarter. Mubadala Investment Co PJSC acquired a new stake in shares of Marriott Vacations Worldwide in the 1st quarter valued at about $1,760,000. Nuveen LLC purchased a new position in Marriott Vacations Worldwide during the 1st quarter worth approximately $4,493,000. Finally, WBI Investments LLC acquired a new position in Marriott Vacations Worldwide during the second quarter worth approximately $912,000. Institutional investors and hedge funds own 89.52% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on VAC shares. Barclays cut their target price on shares of Marriott Vacations Worldwide from $87.00 to $64.00 and set an “overweight” rating on the stock in a report on Friday, November 7th. Stifel Nicolaus set a $83.00 price target on Marriott Vacations Worldwide in a report on Thursday, November 6th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Marriott Vacations Worldwide in a research report on Monday. The Goldman Sachs Group cut their price objective on shares of Marriott Vacations Worldwide from $63.00 to $54.00 and set a “sell” rating for the company in a research report on Tuesday, November 11th. Finally, Truist Financial reduced their target price on shares of Marriott Vacations Worldwide from $127.00 to $81.00 and set a “buy” rating for the company in a research note on Friday, November 14th. Four investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $63.38.

Insiders Place Their Bets

In other news, Director Jonice M. Gray bought 1,100 shares of the business’s stock in a transaction that occurred on Tuesday, November 25th. The stock was purchased at an average price of $54.47 per share, with a total value of $59,917.00. Following the purchase, the director owned 13,205 shares of the company’s stock, valued at $719,276.35. This trade represents a 9.09% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Dianna Morgan purchased 500 shares of Marriott Vacations Worldwide stock in a transaction on Friday, November 21st. The shares were acquired at an average cost of $51.22 per share, for a total transaction of $25,610.00. Following the purchase, the director owned 23,094 shares in the company, valued at approximately $1,182,874.68. This trade represents a 2.21% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders have bought 96,100 shares of company stock valued at $4,566,692. Company insiders own 1.60% of the company’s stock.

Marriott Vacations Worldwide Trading Down 0.5%

Shares of VAC stock opened at $54.69 on Wednesday. The business’s fifty day moving average price is $60.93 and its 200 day moving average price is $69.71. The firm has a market capitalization of $1.89 billion, a PE ratio of 12.26, a P/E/G ratio of 1.20 and a beta of 1.37. The company has a debt-to-equity ratio of 2.29, a current ratio of 3.87 and a quick ratio of 3.22. Marriott Vacations Worldwide Corporation has a 1-year low of $44.58 and a 1-year high of $98.76.

Marriott Vacations Worldwide (NYSE:VAC) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $1.69 EPS for the quarter, topping the consensus estimate of $1.64 by $0.05. Marriott Vacations Worldwide had a return on equity of 11.44% and a net margin of 3.44%.The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same quarter in the previous year, the company earned $1.80 EPS. The company’s quarterly revenue was down 3.2% on a year-over-year basis. Marriott Vacations Worldwide has set its FY 2025 guidance at 6.700-7.100 EPS. As a group, sell-side analysts forecast that Marriott Vacations Worldwide Corporation will post 6.23 EPS for the current fiscal year.

Marriott Vacations Worldwide Company Profile

Marriott Vacations Worldwide Corporation, a vacation company, develops, markets, sells, and manages vacation ownership and related businesses, products, and services in the United States and internationally. It operates through two segments, Vacation Ownership and Exchange & Third-Party Management.