Wellington Management Group LLP Sells 226,365 Shares of Marriott Vacations Worldwide Corporation $VAC

Wellington Management Group LLP lowered its holdings in Marriott Vacations Worldwide Corporation (NYSE:VAC) by 70.8% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 93,411 shares of the company’s stock after selling 226,365 shares during the quarter. Wellington Management Group LLP’s holdings in Marriott Vacations Worldwide were worth $9,517,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in VAC. Advisory Services Network LLC bought a new position in shares of Marriott Vacations Worldwide during the third quarter valued at approximately $27,000. IFP Advisors Inc boosted its holdings in Marriott Vacations Worldwide by 1,828.0% in the third quarter. IFP Advisors Inc now owns 482 shares of the company’s stock valued at $32,000 after acquiring an additional 457 shares in the last quarter. Leonteq Securities AG bought a new stake in Marriott Vacations Worldwide in the fourth quarter valued at $35,000. Kestra Advisory Services LLC purchased a new position in Marriott Vacations Worldwide during the 4th quarter valued at $37,000. Finally, International Assets Investment Management LLC raised its holdings in Marriott Vacations Worldwide by 877.2% in the 1st quarter. International Assets Investment Management LLC now owns 557 shares of the company’s stock worth $38,000 after purchasing an additional 500 shares in the last quarter. 89.52% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on VAC shares. Weiss Ratings raised shares of Marriott Vacations Worldwide from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, August 7th. Wells Fargo & Company increased their price target on shares of Marriott Vacations Worldwide from $68.00 to $101.00 and gave the stock an “underweight” rating in a research note on Friday, August 7th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $134.00 price objective on shares of Marriott Vacations Worldwide in a report on Wednesday, August 12th. Susquehanna started coverage on Marriott Vacations Worldwide in a report on Tuesday, August 18th. They set a “neutral” rating and a $110.00 target price on the stock. Finally, Morgan Stanley reissued an “underweight” rating and issued a $65.00 target price on shares of Marriott Vacations Worldwide in a research report on Tuesday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $101.45.

Insider Buying and Selling

In related news, Director Christian Asmar sold 750,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $111.49, for a total transaction of $83,617,500.00. Following the completion of the transaction, the director owned 3,380,818 shares of the company’s stock, valued at $376,927,398.82. This trade represents a 18.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Kathleen A. Pighini sold 2,500 shares of Marriott Vacations Worldwide stock in a transaction on Monday, August 17th. The shares were sold at an average price of $120.00, for a total value of $300,000.00. Following the transaction, the insider owned 10,821 shares of the company’s stock, valued at $1,298,520. The trade was a 18.77% decrease in their position. The SEC filing for this sale provides additional information. 13.30% of the stock is owned by company insiders.

Marriott Vacations Worldwide Trading Down 4.2%

Shares of NYSE VAC opened at $102.13 on Wednesday. Marriott Vacations Worldwide Corporation has a 1 year low of $44.58 and a 1 year high of $131.34. The company has a debt-to-equity ratio of 2.65, a current ratio of 3.56 and a quick ratio of 2.99. The firm has a 50-day moving average of $105.19 and a 200 day moving average of $86.24. The stock has a market cap of $3.51 billion, a P/E ratio of -10.49, a price-to-earnings-growth ratio of 2.03 and a beta of 1.24.

Marriott Vacations Worldwide (NYSE:VAC) last announced its quarterly earnings data on Thursday, August 6th. The company reported $2.31 earnings per share for the quarter, topping analysts’ consensus estimates of $1.97 by $0.34. Marriott Vacations Worldwide had a negative net margin of 6.47% and a positive return on equity of 12.27%. The business had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.30 billion. During the same quarter in the prior year, the company earned $1.96 earnings per share. The business’s revenue was up 5.9% compared to the same quarter last year. Marriott Vacations Worldwide has set its FY 2026 guidance at 8.250-9.050 EPS. As a group, sell-side analysts expect that Marriott Vacations Worldwide Corporation will post 8.7 EPS for the current fiscal year.

Marriott Vacations Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th will be paid a $0.80 dividend. The ex-dividend date is Wednesday, September 16th. This represents a $3.20 annualized dividend and a dividend yield of 3.1%. Marriott Vacations Worldwide’s dividend payout ratio is presently -32.85%.

Marriott Vacations Worldwide Company Profile

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.