Fifth Third Bancorp Purchases 34,073 Shares of Marriott Vacations Worldwide Corporation $VAC

Fifth Third Bancorp raised its position in shares of Marriott Vacations Worldwide Corporation (NYSE:VAC) by 18,220.9% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 34,260 shares of the company’s stock after buying an additional 34,073 shares during the period. Fifth Third Bancorp’s holdings in Marriott Vacations Worldwide were worth $2,231,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Capital World Investors bought a new position in shares of Marriott Vacations Worldwide during the 3rd quarter worth approximately $226,000. Vanguard Group Inc. boosted its stake in Marriott Vacations Worldwide by 7.4% in the fourth quarter. Vanguard Group Inc. now owns 3,392,787 shares of the company’s stock valued at $195,730,000 after acquiring an additional 234,105 shares in the last quarter. Schonfeld Strategic Advisors LLC purchased a new position in Marriott Vacations Worldwide in the fourth quarter worth $12,633,000. AQR Capital Management LLC grew its holdings in Marriott Vacations Worldwide by 157.8% in the fourth quarter. AQR Capital Management LLC now owns 351,552 shares of the company’s stock worth $20,281,000 after purchasing an additional 215,202 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its position in shares of Marriott Vacations Worldwide by 41.4% during the fourth quarter. Goldman Sachs Group Inc. now owns 399,668 shares of the company’s stock worth $23,057,000 after purchasing an additional 117,030 shares in the last quarter. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Morgan Stanley raised their price objective on Marriott Vacations Worldwide from $51.00 to $52.00 and gave the stock an “underweight” rating in a research report on Friday, July 17th. Zacks Research cut Marriott Vacations Worldwide from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 2nd. Wells Fargo & Company raised their price target on Marriott Vacations Worldwide from $66.00 to $68.00 and gave the stock an “underweight” rating in a report on Tuesday, July 14th. Weiss Ratings restated a “sell (d)” rating on shares of Marriott Vacations Worldwide in a report on Friday, June 12th. Finally, Mizuho set a $103.00 price objective on shares of Marriott Vacations Worldwide in a research report on Wednesday, May 6th. Seven investment analysts have rated the stock with a Buy rating, two have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $86.70.

Marriott Vacations Worldwide Stock Performance

Shares of VAC stock opened at $97.86 on Wednesday. The business has a fifty day moving average of $90.89 and a 200 day moving average of $73.90. Marriott Vacations Worldwide Corporation has a 1 year low of $44.58 and a 1 year high of $105.97. The company has a debt-to-equity ratio of 2.80, a current ratio of 3.30 and a quick ratio of 2.77. The firm has a market capitalization of $3.36 billion, a price-to-earnings ratio of -9.70, a price-to-earnings-growth ratio of 2.21 and a beta of 1.22.

Marriott Vacations Worldwide (NYSE:VAC) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $1.24 earnings per share 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 for the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter in the previous year, the firm posted $1.66 EPS. The firm’s revenue for the quarter 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. As a group, research analysts expect that Marriott Vacations Worldwide Corporation will post 7.32 earnings per share for the current year.

Marriott Vacations Worldwide Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 27th were given a dividend of $0.80 per share. The ex-dividend date of this dividend was Wednesday, May 27th. This represents a $3.20 dividend on an annualized basis and a yield of 3.3%. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is currently -31.71%.

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.