Illinois Municipal Retirement Fund Takes $868,000 Position in Marriott Vacations Worldwide Corporation $VAC

Illinois Municipal Retirement Fund purchased a new stake in Marriott Vacations Worldwide Corporation (NYSE:VAC) in the first quarter, Holdings Channel reports. The firm purchased 13,324 shares of the company’s stock, valued at approximately $868,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Advisory Services Network LLC bought a new position in Marriott Vacations Worldwide in the third quarter worth approximately $27,000. IFP Advisors Inc raised its position in Marriott Vacations Worldwide by 1,828.0% during the 3rd quarter. IFP Advisors Inc now owns 482 shares of the company’s stock valued at $32,000 after purchasing an additional 457 shares in the last quarter. Leonteq Securities AG purchased a new stake in shares of Marriott Vacations Worldwide in the 4th quarter worth $35,000. Kestra Advisory Services LLC purchased a new stake in shares of Marriott Vacations Worldwide in the 4th quarter worth $37,000. Finally, International Assets Investment Management LLC grew its position in shares of Marriott Vacations Worldwide by 877.2% during the 1st quarter. International Assets Investment Management LLC now owns 557 shares of the company’s stock worth $38,000 after buying an additional 500 shares in the last quarter. Institutional investors own 89.52% of the company’s stock.

Marriott Vacations Worldwide Trading Down 3.5%

Shares of NYSE VAC opened at $93.62 on Friday. The company has a debt-to-equity ratio of 2.80, a current ratio of 3.30 and a quick ratio of 2.77. The stock has a market capitalization of $3.22 billion, a P/E ratio of -9.28, a price-to-earnings-growth ratio of 2.20 and a beta of 1.22. Marriott Vacations Worldwide Corporation has a 1-year low of $44.58 and a 1-year high of $105.97. The business has a fifty day moving average price of $91.81 and a 200 day moving average price of $74.42.

Marriott Vacations Worldwide (NYSE:VAC) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $1.24 earnings per share for the quarter, missing analysts’ consensus estimates of $1.67 by ($0.43). The company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.20 billion. Marriott Vacations Worldwide had a negative net margin of 6.72% and a positive return on equity of 11.37%. Marriott Vacations Worldwide’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.66 EPS. Marriott Vacations Worldwide has set its FY 2026 guidance at 7.050-7.800 EPS. Equities research analysts expect that Marriott Vacations Worldwide Corporation will post 7.32 EPS for the current fiscal year.

Marriott Vacations Worldwide Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 27th were issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date was Wednesday, May 27th. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is currently -31.71%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on VAC. Mizuho set a $103.00 price objective on Marriott Vacations Worldwide in a report on Wednesday, May 6th. Weiss Ratings reiterated a “sell (d)” rating on shares of Marriott Vacations Worldwide in a report on Friday, June 12th. Wells Fargo & Company raised their target price on shares of Marriott Vacations Worldwide from $66.00 to $68.00 and gave the company an “underweight” rating in a research report on Tuesday, July 14th. Zacks Research lowered shares of Marriott Vacations Worldwide from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 2nd. Finally, The Goldman Sachs Group raised shares of Marriott Vacations Worldwide from a “sell” rating to a “buy” rating and set a $100.00 price target for the company in a research report on Monday, June 1st. Seven analysts have rated the stock with a Buy rating, two have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, Marriott Vacations Worldwide has a consensus rating of “Hold” and an average target price of $86.70.

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.