Atlantic Union Bankshares Corp Invests $218,000 in Marriott Vacations Worldwide Corporation $VAC

Atlantic Union Bankshares Corp bought a new position in Marriott Vacations Worldwide Corporation (NYSE:VAC) during the 2nd quarter, Holdings Channel reports. The firm bought 3,019 shares of the company’s stock, valued at approximately $218,000.

A number of other large investors have also bought and sold shares of VAC. Nisa Investment Advisors LLC raised its position in Marriott Vacations Worldwide by 2.8% in the 2nd quarter. Nisa Investment Advisors LLC now owns 5,047 shares of the company’s stock valued at $365,000 after purchasing an additional 139 shares during the last quarter. Assetmark Inc. grew its holdings in shares of Marriott Vacations Worldwide by 90.6% during the second quarter. Assetmark Inc. now owns 427 shares of the company’s stock worth $31,000 after purchasing an additional 203 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in shares of Marriott Vacations Worldwide by 7.1% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 3,827 shares of the company’s stock valued at $246,000 after buying an additional 253 shares in the last quarter. Prime Capital Investment Advisors LLC raised its holdings in shares of Marriott Vacations Worldwide by 7.1% in the second quarter. Prime Capital Investment Advisors LLC now owns 4,075 shares of the company’s stock valued at $295,000 after buying an additional 269 shares during the last quarter. Finally, Hantz Financial Services Inc. raised its holdings in shares of Marriott Vacations Worldwide by 627.8% in the second quarter. Hantz Financial Services Inc. now owns 393 shares of the company’s stock valued at $28,000 after buying an additional 339 shares during the last quarter. 89.52% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. The Goldman Sachs Group increased their price objective on shares of Marriott Vacations Worldwide from $55.00 to $65.00 and gave the stock a “sell” rating in a report on Wednesday, August 6th. Weiss Ratings reissued a “hold (c-)” rating on shares of Marriott Vacations Worldwide in a report on Thursday, October 30th. Stifel Nicolaus set a $83.00 price objective on shares of Marriott Vacations Worldwide in a research report on Thursday. Citizens Jmp decreased 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 report on Friday. Finally, Barclays lowered their target price on Marriott Vacations Worldwide from $87.00 to $64.00 and set an “overweight” rating for the company in a research note on Friday. Five investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $82.00.

Marriott Vacations Worldwide Price Performance

Shares of VAC stock opened at $47.00 on Monday. The firm’s 50 day moving average price is $70.07 and its two-hundred day moving average price is $71.13. The company has a debt-to-equity ratio of 2.29, a quick ratio of 3.22 and a current ratio of 3.87. Marriott Vacations Worldwide Corporation has a 52-week low of $46.46 and a 52-week high of $99.42. The stock has a market cap of $1.63 billion, a PE ratio of 10.54, a PEG ratio of 0.68 and a beta of 1.50.

Marriott Vacations Worldwide (NYSE:VAC) last issued its earnings results on Wednesday, November 5th. The company reported $1.69 EPS for the quarter, beating the consensus estimate of $1.64 by $0.05. The company had revenue of $1.26 billion during 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 business’s revenue for the quarter was down 3.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.80 EPS. Marriott Vacations Worldwide has set its FY 2025 guidance at 6.700-7.100 EPS. As a group, analysts forecast that Marriott Vacations Worldwide Corporation will post 6.23 EPS for the current year.

Marriott Vacations Worldwide Dividend Announcement

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

Marriott Vacations Worldwide Profile

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.