Marriott Vacations Worldwide Corporation $VAC Holdings Boosted by Parallel Advisors LLC

Parallel Advisors LLC boosted its holdings in Marriott Vacations Worldwide Corporation (NYSE:VAC) by 898.3% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,198 shares of the company’s stock after acquiring an additional 1,078 shares during the period. Parallel Advisors LLC’s holdings in Marriott Vacations Worldwide were worth $87,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Fifth Third Bancorp raised its holdings in shares of Marriott Vacations Worldwide by 136.5% during the first quarter. Fifth Third Bancorp now owns 395 shares of the company’s stock valued at $25,000 after buying an additional 228 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Marriott Vacations Worldwide by 7.1% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 3,827 shares of the company’s stock valued at $246,000 after buying an additional 253 shares during the last quarter. Grandview Asset Management LLC raised its holdings in shares of Marriott Vacations Worldwide by 4.5% during the first quarter. Grandview Asset Management LLC now owns 6,920 shares of the company’s stock valued at $445,000 after buying an additional 300 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Marriott Vacations Worldwide by 8.0% during the first quarter. Envestnet Asset Management Inc. now owns 5,993 shares of the company’s stock valued at $385,000 after buying an additional 443 shares during the last quarter. Finally, XTX Topco Ltd raised its holdings in shares of Marriott Vacations Worldwide by 17.8% during the first quarter. XTX Topco Ltd now owns 3,485 shares of the company’s stock valued at $224,000 after buying an additional 526 shares during the last quarter. Institutional investors own 89.52% of the company’s stock.

Marriott Vacations Worldwide Price Performance

NYSE VAC opened at $72.79 on Thursday. Marriott Vacations Worldwide Corporation has a 12 month low of $49.22 and a 12 month high of $100.32. The company has a debt-to-equity ratio of 2.17, a current ratio of 3.55 and a quick ratio of 2.90. The firm has a market capitalization of $2.52 billion, a PE ratio of 10.95, a P/E/G ratio of 1.05 and a beta of 1.48. The company’s 50 day simple moving average is $76.99 and its 200 day simple moving average is $69.63.

Marriott Vacations Worldwide (NYSE:VAC) last posted its quarterly earnings data on Monday, August 4th. The company reported $1.96 EPS for the quarter, beating analysts’ consensus estimates of $1.72 by $0.24. Marriott Vacations Worldwide had a net margin of 5.10% and a return on equity of 11.74%. The business had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same quarter last year, the business earned $1.10 earnings per share. The business’s revenue for the quarter 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, equities research analysts forecast that Marriott Vacations Worldwide Corporation will post 6.23 EPS for the current fiscal year.

Marriott Vacations Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Wednesday, September 17th will be given a $0.79 dividend. The ex-dividend date is Wednesday, September 17th. This represents a $3.16 annualized dividend and a yield of 4.3%. Marriott Vacations Worldwide’s payout ratio is 47.52%.

Analysts Set New Price Targets

VAC has been the topic of a number of recent analyst reports. The Goldman Sachs Group lifted their price target on Marriott Vacations Worldwide from $55.00 to $65.00 and gave the company a “sell” rating in a report on Wednesday, August 6th. Stifel Nicolaus set a $101.00 price target on Marriott Vacations Worldwide and gave the company a “buy” rating in a report on Tuesday, August 5th. Morgan Stanley reaffirmed an “underweight” rating on shares of Marriott Vacations Worldwide in a report on Tuesday, July 15th. Finally, Truist Financial cut their price target 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. Four investment analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Marriott Vacations Worldwide currently has a consensus rating of “Hold” and a consensus target price of $90.50.

About Marriott Vacations Worldwide

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.