Kingsview Wealth Management LLC Buys New Holdings in Marriott Vacations Worldwide Corporation $VAC

Kingsview Wealth Management LLC purchased a new position in shares of Marriott Vacations Worldwide Corporation (NYSE:VAC) during the fourth quarter, HoldingsChannel reports. The firm purchased 12,331 shares of the company’s stock, valued at approximately $711,000.

A number of other hedge funds also recently made changes to their positions in VAC. Advisory Services Network LLC bought a new position in shares of Marriott Vacations Worldwide during the 3rd quarter worth approximately $27,000. IFP Advisors Inc raised its stake in Marriott Vacations Worldwide by 1,828.0% in the 3rd quarter. IFP Advisors Inc now owns 482 shares of the company’s stock valued at $32,000 after acquiring an additional 457 shares during the period. Leonteq Securities AG acquired a new stake in Marriott Vacations Worldwide during the 4th quarter valued at $35,000. Hantz Financial Services Inc. lifted its holdings in Marriott Vacations Worldwide by 155.0% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,002 shares of the company’s stock valued at $67,000 after purchasing an additional 609 shares during the last quarter. Finally, CIBC Private Wealth Group LLC boosted its position in Marriott Vacations Worldwide by 194.0% during the third quarter. CIBC Private Wealth Group LLC now owns 1,035 shares of the company’s stock worth $69,000 after purchasing an additional 683 shares during the period. 89.52% of the stock is owned by institutional investors and hedge funds.

Marriott Vacations Worldwide Stock Down 1.1%

VAC stock opened at $89.66 on Wednesday. The company has a market cap of $3.08 billion, a PE ratio of -8.89, a price-to-earnings-growth ratio of 2.07 and a beta of 1.25. The business has a 50-day simple moving average of $72.50 and a 200 day simple moving average of $63.29. Marriott Vacations Worldwide Corporation has a 52 week low of $44.58 and a 52 week high of $91.61. The company has a quick ratio of 2.77, a current ratio of 3.30 and a debt-to-equity ratio of 2.80.

Marriott Vacations Worldwide (NYSE:VAC) last released its earnings results on Tuesday, May 5th. The company reported $1.24 EPS for the quarter, missing the consensus estimate of $1.67 by ($0.43). Marriott Vacations Worldwide had a negative net margin of 6.72% and a positive return on equity of 11.37%. The firm had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same period in the prior year, the business earned $1.66 earnings per share. Marriott Vacations Worldwide’s quarterly revenue was up 4.8% compared to the same quarter last year. Marriott Vacations Worldwide has set its FY 2026 guidance at 7.050-7.800 EPS. Sell-side analysts anticipate that Marriott Vacations Worldwide Corporation will post 7.26 EPS for the current fiscal year.

Marriott Vacations Worldwide Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Wednesday, May 27th will be given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Wednesday, May 27th. Marriott Vacations Worldwide’s dividend payout ratio is currently -31.71%.

Insiders Place Their Bets

In related news, insider Michael Flaskey bought 14,862 shares of the company’s stock in a transaction dated Tuesday, March 10th. The stock was purchased at an average price of $67.26 per share, with a total value of $999,618.12. Following the completion of the acquisition, the insider owned 14,862 shares of the company’s stock, valued at $999,618.12. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 13.30% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts recently commented on VAC shares. Jefferies Financial Group raised shares of Marriott Vacations Worldwide from a “hold” rating to a “buy” rating and lifted their target price for the stock from $52.00 to $105.00 in a report on Monday, March 2nd. Zacks Research upgraded shares of Marriott Vacations Worldwide from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 4th. Barclays boosted their price objective on Marriott Vacations Worldwide from $80.00 to $94.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Wells Fargo & Company increased their target price on Marriott Vacations Worldwide from $58.00 to $66.00 and gave the stock an “underweight” rating in a research note on Thursday, May 7th. Finally, Citizens Jmp cut Marriott Vacations Worldwide from an “outperform” rating to a “market perform” rating in a report on Monday, March 9th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, Marriott Vacations Worldwide has an average rating of “Moderate Buy” and a consensus price target of $83.70.

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.