Public Employees Retirement System of Ohio Acquires New Stake in Marriott Vacations Worldwide Corporation $VAC

Public Employees Retirement System of Ohio acquired a new stake in Marriott Vacations Worldwide Corporation (NYSE:VAC) during the second quarter, Holdings Channel reports. The fund acquired 81,166 shares of the company’s stock, valued at approximately $8,269,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Capital World Investors purchased a new stake in shares of Marriott Vacations Worldwide during the third quarter worth $226,000. Vanguard Group Inc. lifted its stake in shares of Marriott Vacations Worldwide by 7.4% in 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. Schonfeld Strategic Advisors LLC acquired a new position in Marriott Vacations Worldwide during the fourth quarter worth about $12,633,000. AQR Capital Management LLC boosted its position in Marriott Vacations Worldwide by 157.8% during the fourth quarter. AQR Capital Management LLC now owns 351,552 shares of the company’s stock worth $20,281,000 after acquiring an additional 215,202 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in Marriott Vacations Worldwide during the 2nd quarter valued at about $17,975,000. Institutional investors and hedge funds own 89.52% of the company’s stock.

Insider Activity at Marriott Vacations Worldwide

In related news, insider Kathleen A. Pighini sold 2,500 shares of the stock in a transaction that occurred 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 completion of the transaction, the insider owned 10,821 shares of the company’s stock, valued at approximately $1,298,520. This trade represents a 18.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Christian Asmar sold 750,000 shares of Marriott Vacations Worldwide stock in a transaction that occurred 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 owned 3,380,818 shares of the company’s stock, valued at $376,927,398.82. This trade represents a 18.16% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 13.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on VAC. 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 for the company. Weiss Ratings upgraded Marriott Vacations Worldwide from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, August 7th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $132.00 price target on shares of Marriott Vacations Worldwide in a report on Friday, August 7th. Wells Fargo & Company lifted their price objective on Marriott Vacations Worldwide from $68.00 to $101.00 and gave the stock an “underweight” rating in a research report on Friday, August 7th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $134.00 price objective on shares of Marriott Vacations Worldwide in a research report on Wednesday, August 12th. One 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Marriott Vacations Worldwide presently has a consensus rating of “Hold” and a consensus price target of $101.45.

Marriott Vacations Worldwide Stock Performance

Shares of Marriott Vacations Worldwide stock opened at $104.03 on Tuesday. The firm has a market cap of $3.58 billion, a PE ratio of -10.68, a price-to-earnings-growth ratio of 2.10 and a beta of 1.23. 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 Corporation has a 52 week low of $44.58 and a 52 week high of $131.34. The business’s fifty day simple moving average is $104.93 and its 200-day simple moving average is $84.26.

Marriott Vacations Worldwide (NYSE:VAC) last issued its quarterly earnings data on Thursday, August 6th. The company reported $2.31 earnings per share (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 firm had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same period in the previous year, the firm earned $1.96 EPS. Marriott Vacations Worldwide’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 analysts forecast that Marriott Vacations Worldwide Corporation will post 8.7 earnings per share for the current year.

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.