Invesco Ltd. Sells 5,011,153 Shares of Marriott Vacations Worldwide Corporation $VAC

Invesco Ltd. cut its holdings in shares of Marriott Vacations Worldwide Corporation (NYSE:VAC) by 98.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 104,601 shares of the company’s stock after selling 5,011,153 shares during the quarter. Invesco Ltd. owned approximately 0.30% of Marriott Vacations Worldwide worth $6,720,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Ananym Capital Management LP bought a new stake in shares of Marriott Vacations Worldwide in the fourth quarter worth about $21,987,000. GAMMA Investing LLC increased its holdings in shares of Marriott Vacations Worldwide by 6,557.7% in the first quarter. GAMMA Investing LLC now owns 14,647 shares of the company’s stock worth $941,000 after purchasing an additional 14,427 shares during the last quarter. Captrust Financial Advisors bought a new stake in shares of Marriott Vacations Worldwide in the fourth quarter worth about $440,000. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Marriott Vacations Worldwide by 74.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 13,653 shares of the company’s stock worth $1,226,000 after purchasing an additional 5,816 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of Marriott Vacations Worldwide in the first quarter worth about $436,000. 89.52% of the stock is owned by institutional investors.

Insider Activity

In other Marriott Vacations Worldwide news, Director Christian Asmar bought 412,449 shares of the company’s stock in a transaction on Tuesday, June 17th. The stock was acquired at an average price of $67.61 per share, for a total transaction of $27,885,676.89. Following the completion of the transaction, the director directly owned 3,708,433 shares of the company’s stock, valued at approximately $250,727,155.13. This represents a 12.51% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.60% of the stock is owned by company insiders.

Analysts Set New Price Targets

VAC has been the topic of several research reports. Truist Financial reduced their target price on Marriott Vacations Worldwide from $128.00 to $127.00 and set a “buy” rating on the stock in a report on Thursday, August 21st. Stifel Nicolaus set a $101.00 target price on Marriott Vacations Worldwide and gave the stock a “buy” rating in a report on Tuesday, August 5th. The Goldman Sachs Group lifted their target price on Marriott Vacations Worldwide from $55.00 to $65.00 and gave the stock a “sell” rating in a report on Wednesday, August 6th. Mizuho reduced their target price on Marriott Vacations Worldwide from $112.00 to $105.00 and set an “outperform” rating on the stock in a report on Friday, May 9th. Finally, Morgan Stanley reaffirmed an “underweight” rating on shares of Marriott Vacations Worldwide in a report on Tuesday, July 15th. Four equities research analysts have rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $90.50.

Marriott Vacations Worldwide Trading Up 0.1%

VAC opened at $77.64 on Wednesday. The firm has a market cap of $2.69 billion, a P/E ratio of 11.67, a P/E/G ratio of 1.13 and a beta of 1.49. Marriott Vacations Worldwide Corporation has a 12 month low of $49.22 and a 12 month high of $100.32. The company has a current ratio of 3.55, a quick ratio of 2.90 and a debt-to-equity ratio of 2.17. The stock has a 50-day moving average of $76.72 and a 200 day moving average of $70.21.

Marriott Vacations Worldwide (NYSE:VAC) last released its quarterly earnings results on Monday, August 4th. The company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.72 by $0.24. Marriott Vacations Worldwide had a return on equity of 11.74% and a net margin of 5.10%.The company had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same quarter last year, the business posted $1.10 earnings per share. The firm’s revenue was up 9.3% on a year-over-year basis. Marriott Vacations Worldwide has set its FY 2025 guidance at 6.400-7.100 EPS. As a group, research analysts forecast that Marriott Vacations Worldwide Corporation will post 6.23 EPS for the current 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.