The Manufacturers Life Insurance Company Cuts Position in Marriott Vacations Worldwide Corporation $VAC

The Manufacturers Life Insurance Company lowered its stake in shares of Marriott Vacations Worldwide Corporation (NYSE:VAC) by 98.2% during the first quarter, Holdings Channel reports. The institutional investor owned 13,766 shares of the company’s stock after selling 750,427 shares during the period. The Manufacturers Life Insurance Company’s holdings in Marriott Vacations Worldwide were worth $896,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Cassaday & Co Wealth Management LLC boosted its stake in shares of Marriott Vacations Worldwide by 5.9% during the 1st quarter. Cassaday & Co Wealth Management LLC now owns 4,987 shares of the company’s stock worth $325,000 after acquiring an additional 276 shares in the last quarter. Aaron Wealth Advisors LLC boosted its position in Marriott Vacations Worldwide by 4.2% during the first quarter. Aaron Wealth Advisors LLC now owns 7,274 shares of the company’s stock worth $474,000 after purchasing an additional 296 shares in the last quarter. Blue Trust Inc. grew its holdings in Marriott Vacations Worldwide by 55.2% in the first quarter. Blue Trust Inc. now owns 956 shares of the company’s stock valued at $62,000 after purchasing an additional 340 shares during the last quarter. Rockefeller Capital Management L.P. increased its position in shares of Marriott Vacations Worldwide by 51.1% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,085 shares of the company’s stock valued at $63,000 after buying an additional 367 shares in the last quarter. Finally, Advisory Services Network LLC acquired a new position in shares of Marriott Vacations Worldwide during the 3rd quarter worth $27,000. 89.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Weiss Ratings upgraded shares of Marriott Vacations Worldwide from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, August 7th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $134.00 price target on shares of Marriott Vacations Worldwide in a report on Wednesday. Zacks Research upgraded shares of Marriott Vacations Worldwide from a “hold” rating to a “strong-buy” rating in a research report on Monday. The Goldman Sachs Group restated a “buy” rating and set a $132.00 price objective on shares of Marriott Vacations Worldwide in a research report on Friday, August 7th. Finally, Morgan Stanley upped their target price on Marriott Vacations Worldwide from $51.00 to $52.00 and gave the company an “underweight” rating in a research note on Friday, July 17th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, Marriott Vacations Worldwide has an average rating of “Moderate Buy” and a consensus target price of $99.30.

Marriott Vacations Worldwide Trading Up 3.1%

Shares of VAC stock opened at $118.47 on Thursday. The firm has a 50-day moving average price of $99.31 and a 200 day moving average price of $78.84. Marriott Vacations Worldwide Corporation has a twelve month low of $44.58 and a twelve month high of $131.34. The company has a market capitalization of $4.07 billion, a price-to-earnings ratio of -12.16, a PEG ratio of 2.14 and a beta of 1.23. The company has a current ratio of 3.56, a quick ratio of 2.99 and a debt-to-equity ratio of 2.65.

Marriott Vacations Worldwide (NYSE:VAC) last released its earnings results on Thursday, August 6th. The company reported $2.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.97 by $0.34. The company had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.30 billion. Marriott Vacations Worldwide had a negative net margin of 6.47% and a positive return on equity of 12.27%. The firm’s quarterly revenue was up 5.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.96 EPS. Marriott Vacations Worldwide has set its FY 2026 guidance at 8.250-9.050 EPS. Research analysts forecast that Marriott Vacations Worldwide Corporation will post 8.89 earnings per share for the current fiscal year.

Marriott Vacations Worldwide 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.