Connor Clark & Lunn Investment Management Ltd. Lowers Stake in Marriott Vacations Worldwide Corporation $VAC

Connor Clark & Lunn Investment Management Ltd. decreased its position in Marriott Vacations Worldwide Corporation (NYSE:VAC) by 24.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,194 shares of the company’s stock after selling 3,000 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Marriott Vacations Worldwide were worth $665,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in VAC. Envestnet Asset Management Inc. grew its stake in shares of Marriott Vacations Worldwide by 8.0% in the first quarter. Envestnet Asset Management Inc. now owns 5,993 shares of the company’s stock valued at $385,000 after buying an additional 443 shares in the last quarter. Allianz Asset Management GmbH boosted its holdings in Marriott Vacations Worldwide by 109.3% during the 1st quarter. Allianz Asset Management GmbH now owns 75,676 shares of the company’s stock valued at $4,861,000 after acquiring an additional 39,522 shares during the period. Y Intercept Hong Kong Ltd acquired a new position in Marriott Vacations Worldwide in the 1st quarter valued at about $406,000. Neo Ivy Capital Management purchased a new stake in Marriott Vacations Worldwide during the first quarter worth about $612,000. Finally, XTX Topco Ltd lifted its position in shares of Marriott Vacations Worldwide by 17.8% during the first quarter. XTX Topco Ltd now owns 3,485 shares of the company’s stock worth $224,000 after purchasing an additional 526 shares in the last quarter. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

VAC has been the topic of several recent research reports. Morgan Stanley set a $70.00 target price on shares of Marriott Vacations Worldwide in a research note on Wednesday, October 22nd. Truist Financial cut their price objective on Marriott Vacations Worldwide from $127.00 to $81.00 and set a “buy” rating on the stock in a research report on Friday, November 14th. Citizens Jmp reduced their price objective on Marriott Vacations Worldwide from $115.00 to $60.00 and set a “market outperform” rating on the stock in a research note on Friday, November 7th. Stifel Nicolaus set a $83.00 target price on Marriott Vacations Worldwide in a research note on Thursday, November 6th. Finally, Wells Fargo & Company initiated coverage on Marriott Vacations Worldwide in a report on Tuesday. They set an “underweight” rating and a $37.00 price target on the stock. Four equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $63.38.

Insider Activity

In other news, Director Lizanne Galbreath bought 5,500 shares of the firm’s stock in a transaction that occurred on Tuesday, November 18th. The stock was purchased at an average cost of $46.51 per share, with a total value of $255,805.00. Following the transaction, the director directly owned 25,714 shares in the company, valued at $1,195,958.14. This trade represents a 27.21% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Christian Asmar purchased 84,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 19th. The shares were purchased at an average price of $47.44 per share, for a total transaction of $3,984,960.00. Following the purchase, the director directly owned 4,130,340 shares in the company, valued at $195,943,329.60. The trade was a 2.08% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Company insiders own 1.60% of the company’s stock.

Marriott Vacations Worldwide Price Performance

VAC stock opened at $47.32 on Thursday. The business has a 50 day moving average price of $65.12 and a 200 day moving average price of $70.50. The company has a quick ratio of 3.22, a current ratio of 3.87 and a debt-to-equity ratio of 2.29. The stock has a market cap of $1.64 billion, a price-to-earnings ratio of 10.61, a PEG ratio of 1.02 and a beta of 1.50. Marriott Vacations Worldwide Corporation has a fifty-two week low of $44.58 and a fifty-two week high of $99.42.

Marriott Vacations Worldwide (NYSE:VAC) last released its quarterly earnings data on Wednesday, November 5th. The company reported $1.69 earnings per share for the quarter, topping analysts’ consensus estimates of $1.64 by $0.05. The company had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.31 billion. Marriott Vacations Worldwide had a net margin of 3.44% and a return on equity of 11.44%. The firm’s revenue for the quarter was down 3.2% on a year-over-year basis. During the same quarter last year, the company earned $1.80 earnings per share. Marriott Vacations Worldwide has set its FY 2025 guidance at 6.700-7.100 EPS. Equities research analysts anticipate that Marriott Vacations Worldwide Corporation will post 6.23 earnings per share for the current fiscal year.

Marriott Vacations Worldwide Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Wednesday, September 17th were paid a $0.79 dividend. This represents a $3.16 annualized dividend and a yield of 6.7%. The ex-dividend date was Wednesday, September 17th. Marriott Vacations Worldwide’s dividend payout ratio is currently 70.85%.

About Marriott Vacations Worldwide

Marriott Vacations Worldwide Corporation, a vacation company, develops, markets, sells, and manages vacation ownership and related businesses, products, and services in the United States and internationally. It operates through two segments, Vacation Ownership and Exchange & Third-Party Management.