Legal & General Group Plc Invests $6.68 Million in Marriott Vacations Worldwide Corporation $VAC

Legal & General Group Plc acquired a new stake in shares of Marriott Vacations Worldwide Corporation (NYSE:VAC) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 65,574 shares of the company’s stock, valued at approximately $6,681,000.

Other hedge funds have also recently modified their holdings of the company. LSV Asset Management increased its position in Marriott Vacations Worldwide by 7.9% during the fourth quarter. LSV Asset Management now owns 204,657 shares of the company’s stock valued at $11,807,000 after acquiring an additional 15,025 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Marriott Vacations Worldwide by 7.4% during the 4th quarter. Vanguard Group Inc. now owns 3,392,787 shares of the company’s stock valued at $195,730,000 after buying an additional 234,105 shares in the last quarter. Illinois Municipal Retirement Fund bought a new position in shares of Marriott Vacations Worldwide in the first quarter worth about $868,000. Public Employees Retirement System of Ohio grew its holdings in Marriott Vacations Worldwide by 51.2% during the 1st quarter. Public Employees Retirement System of Ohio now owns 65,679 shares of the company’s stock valued at $4,277,000 after buying an additional 22,236 shares in the last quarter. Finally, Deutsche Bank AG bought a new stake in Marriott Vacations Worldwide in the 2nd quarter valued at $10,966,000. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Marriott Vacations Worldwide Stock Up 1.2%

VAC stock opened at $100.28 on Thursday. The company has a quick ratio of 2.99, a current ratio of 3.56 and a debt-to-equity ratio of 2.65. The firm has a 50 day moving average of $104.99 and a 200 day moving average of $84.90. The stock has a market capitalization of $3.45 billion, a PE ratio of -10.30, a price-to-earnings-growth ratio of 1.89 and a beta of 1.24. 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) last announced its quarterly earnings data on Thursday, August 6th. The company reported $2.31 earnings per share for the quarter, beating analysts’ consensus estimates of $1.97 by $0.34. Marriott Vacations Worldwide had a positive return on equity of 12.27% and a negative net margin of 6.47%.The business had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same period in the prior year, the company earned $1.96 earnings per share. The company’s revenue was up 5.9% on a year-over-year basis. Marriott Vacations Worldwide has set its FY 2026 guidance at 8.250-9.050 EPS. Sell-side analysts forecast that Marriott Vacations Worldwide Corporation will post 8.7 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Kathleen A. Pighini sold 2,500 shares of the company’s 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 sale, the insider directly owned 10,821 shares of the company’s stock, valued at $1,298,520. This represents a 18.77% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Christian Asmar sold 750,000 shares of the business’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $111.49, for a total transaction of $83,617,500.00. Following the transaction, the director owned 3,380,818 shares of the company’s stock, valued at $376,927,398.82. This represents a 18.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 13.30% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have issued reports on VAC shares. Barclays lifted their price objective on Marriott Vacations Worldwide from $94.00 to $140.00 and gave the stock an “overweight” rating in a research note on Friday, August 7th. Zacks Research raised shares of Marriott Vacations Worldwide from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 10th. Morgan Stanley reiterated an “underweight” rating and set a $65.00 target price on shares of Marriott Vacations Worldwide in a research report on Tuesday, August 18th. Wells Fargo & Company lifted their price target on shares of Marriott Vacations Worldwide from $68.00 to $101.00 and gave the company an “underweight” rating in a research note on Friday, August 7th. Finally, Mizuho set a $103.00 price objective on Marriott Vacations Worldwide in a report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $101.45.

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.