65,574 Shares in Marriott Vacations Worldwide Corporation $VAC Purchased by Legal & General Group Plc

Legal & General Group Plc purchased a new stake in Marriott Vacations Worldwide Corporation (NYSE:VAC) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 65,574 shares of the company’s stock, valued at approximately $6,681,000. Legal & General Group Plc owned approximately 0.19% of Marriott Vacations Worldwide at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. The Manufacturers Life Insurance Company bought a new stake in shares of Marriott Vacations Worldwide during the 2nd quarter worth approximately $1,435,000. Cullen Capital Management LLC bought a new stake in Marriott Vacations Worldwide during the 2nd quarter worth approximately $1,311,000. Cibc World Market Inc. bought a new stake in shares of Marriott Vacations Worldwide in the second quarter worth $3,395,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Marriott Vacations Worldwide in the 2nd quarter valued at about $8,542,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new stake in Marriott Vacations Worldwide during the 2nd quarter valued at approximately $71,000. Institutional investors own 89.52% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $134.00 price target on shares of Marriott Vacations Worldwide in a report on Wednesday, August 12th. Mizuho set a $103.00 price objective on Marriott Vacations Worldwide in a research note on Wednesday, May 6th. 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. The Goldman Sachs Group reiterated a “buy” rating and set a $132.00 price target on shares of Marriott Vacations Worldwide in a report on Friday, August 7th. Finally, Barclays lifted their price objective on shares of Marriott Vacations Worldwide from $94.00 to $140.00 and gave the stock an “overweight” rating in a research report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, Marriott Vacations Worldwide presently has an average rating of “Hold” and a consensus target price of $101.45.

Marriott Vacations Worldwide Price Performance

Shares of NYSE VAC opened at $100.28 on Thursday. The stock’s 50-day simple moving average is $104.99 and its two-hundred day simple moving average is $84.90. The firm has a market capitalization of $3.45 billion, a P/E ratio of -10.30, a P/E/G ratio of 1.89 and a beta of 1.24. Marriott Vacations Worldwide Corporation has a twelve month low of $44.58 and a twelve month 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 posted its quarterly earnings data on Thursday, August 6th. The company reported $2.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.97 by $0.34. The company had revenue of $1.32 billion during the quarter, compared to the consensus estimate 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 revenue was up 5.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.96 EPS. Marriott Vacations Worldwide has set its FY 2026 guidance at 8.250-9.050 EPS. As a group, equities analysts anticipate that Marriott Vacations Worldwide Corporation will post 8.7 EPS for the current fiscal year.

Insider Buying and Selling

In other Marriott Vacations Worldwide news, insider Kathleen A. Pighini sold 2,500 shares of Marriott Vacations Worldwide stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $120.00, for a total value of $300,000.00. Following the transaction, the insider directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Christian Asmar sold 750,000 shares of the business’s stock in a transaction dated 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 transaction, the director owned 3,380,818 shares in the company, valued at $376,927,398.82. The trade was a 18.16% decrease in their position. The SEC filing for this sale provides additional information. 13.30% of the stock is owned by insiders.

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.