Cibc World Market Inc. Buys New Shares in Marriott Vacations Worldwide Corporation $VAC

Cibc World Market Inc. bought a new position in shares of Marriott Vacations Worldwide Corporation (NYSE:VAC) in the 2nd quarter, Holdings Channel.com reports. The fund bought 33,320 shares of the company’s stock, valued at approximately $3,395,000.

Other large investors also recently bought and sold shares of the company. LSV Asset Management raised its position in Marriott Vacations Worldwide by 7.9% in the 4th quarter. LSV Asset Management now owns 204,657 shares of the company’s stock valued at $11,807,000 after purchasing an additional 15,025 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Marriott Vacations Worldwide by 7.4% during the fourth quarter. Vanguard Group Inc. now owns 3,392,787 shares of the company’s stock worth $195,730,000 after buying an additional 234,105 shares in the last quarter. Illinois Municipal Retirement Fund purchased a new stake in shares of Marriott Vacations Worldwide during the first quarter worth approximately $868,000. Public Employees Retirement System of Ohio increased its stake in shares of Marriott Vacations Worldwide by 51.2% during the first quarter. Public Employees Retirement System of Ohio now owns 65,679 shares of the company’s stock worth $4,277,000 after buying an additional 22,236 shares during the period. Finally, Deprince Race & Zollo Inc. raised its holdings in Marriott Vacations Worldwide by 5.4% in the first quarter. Deprince Race & Zollo Inc. now owns 524,247 shares of the company’s stock valued at $34,139,000 after acquiring an additional 26,824 shares in the last quarter. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Marriott Vacations Worldwide Price Performance

VAC stock opened at $114.84 on Thursday. The business has a 50 day moving average price of $104.26 and a 200 day moving average price of $83.14. The stock has a market cap of $3.95 billion, a price-to-earnings ratio of -11.79, a PEG ratio of 2.18 and a beta of 1.23. Marriott Vacations Worldwide Corporation has a fifty-two week low of $44.58 and a fifty-two week high of $131.34. The company has a quick ratio of 2.99, a current ratio of 3.56 and a debt-to-equity ratio of 2.65.

Marriott Vacations Worldwide (NYSE:VAC) last announced its quarterly earnings results on Thursday, August 6th. The company reported $2.31 EPS for the quarter, beating the consensus estimate 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 company 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 firm posted $1.96 earnings per share. The firm’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. Equities research analysts anticipate that Marriott Vacations Worldwide Corporation will post 8.88 earnings per share for the current fiscal year.

Insider Buying and Selling at Marriott Vacations Worldwide

In related news, 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 transaction of $300,000.00. Following the sale, the insider directly owned 10,821 shares in the company, valued at $1,298,520. This trade represents a 18.77% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 completion of the sale, the director directly owned 3,380,818 shares of the company’s stock, valued at approximately $376,927,398.82. This trade represents a 18.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 13.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on VAC. Zacks Research upgraded shares of Marriott Vacations Worldwide from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 10th. Susquehanna initiated coverage on shares of Marriott Vacations Worldwide in a report on Tuesday, August 18th. They issued a “neutral” rating and a $110.00 price objective on the stock. 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. Wall Street Zen upgraded shares of Marriott Vacations Worldwide from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. Finally, Morgan Stanley reissued an “underweight” rating and issued a $65.00 target price on shares of Marriott Vacations Worldwide in a report on Tuesday, August 18th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $101.45.

About Marriott Vacations Worldwide

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.