Marriott Vacations Worldwide Corporation $VAC Shares Bought by Allianz Asset Management GmbH

Allianz Asset Management GmbH lifted its holdings in Marriott Vacations Worldwide Corporation (NYSE:VAC) by 17.1% during the third quarter, Holdings Channel reports. The institutional investor owned 89,622 shares of the company’s stock after purchasing an additional 13,082 shares during the quarter. Allianz Asset Management GmbH’s holdings in Marriott Vacations Worldwide were worth $5,965,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Norges Bank acquired a new position in shares of Marriott Vacations Worldwide during the 2nd quarter worth $27,971,000. Senvest Management LLC lifted its stake in shares of Marriott Vacations Worldwide by 19.4% in the second quarter. Senvest Management LLC now owns 1,816,012 shares of the company’s stock valued at $131,316,000 after purchasing an additional 294,937 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in Marriott Vacations Worldwide by 71.6% during the second quarter. Arrowstreet Capital Limited Partnership now owns 635,977 shares of the company’s stock worth $45,987,000 after buying an additional 265,278 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Marriott Vacations Worldwide by 37.4% during the second quarter. Geode Capital Management LLC now owns 788,879 shares of the company’s stock worth $57,051,000 after buying an additional 214,629 shares in the last quarter. Finally, Bridgeway Capital Management LLC acquired a new position in Marriott Vacations Worldwide during the second quarter worth about $12,119,000. Institutional investors and hedge funds own 89.52% of the company’s stock.

Insider Buying and Selling at Marriott Vacations Worldwide

In other news, Director Dianna Morgan purchased 500 shares of the firm’s stock in a transaction on Friday, November 21st. The shares were bought at an average cost of $51.22 per share, with a total value of $25,610.00. Following the purchase, the director directly owned 23,094 shares of the company’s stock, valued at approximately $1,182,874.68. This trade represents a 2.21% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Christian Asmar purchased 84,000 shares of the stock in a transaction dated Wednesday, November 19th. The shares were purchased at an average price of $47.44 per share, with a total value of $3,984,960.00. Following the completion of the acquisition, the director owned 4,130,340 shares of the company’s stock, valued at approximately $195,943,329.60. This represents a 2.08% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders have acquired 96,209 shares of company stock valued at $4,573,353. 1.60% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms have recently issued reports on VAC. Stifel Nicolaus set a $83.00 price target on shares of Marriott Vacations Worldwide in a research report on Thursday, November 6th. Wall Street Zen downgraded Marriott Vacations Worldwide from a “hold” rating to a “sell” rating in a research note on Saturday, January 17th. Mizuho downgraded Marriott Vacations Worldwide from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $85.00 to $58.00 in a research report on Tuesday, November 11th. Zacks Research lowered Marriott Vacations Worldwide from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 20th. Finally, The Goldman Sachs Group dropped their price target on Marriott Vacations Worldwide from $63.00 to $54.00 and set a “sell” rating for the company in a research report on Tuesday, November 11th. Four investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and five have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Marriott Vacations Worldwide presently has an average rating of “Reduce” and a consensus price target of $61.13.

Marriott Vacations Worldwide Price Performance

VAC stock opened at $54.90 on Tuesday. The stock’s 50 day moving average price is $57.82 and its 200 day moving average price is $64.59. The firm has a market cap of $1.90 billion, a P/E ratio of 12.31, a PEG ratio of 1.38 and a beta of 1.33. 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 1 year low of $44.58 and a 1 year high of $91.18.

Marriott Vacations Worldwide Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 7th. Investors of record on Wednesday, December 24th were paid a dividend of $0.80 per share. The ex-dividend date of this dividend was Wednesday, December 24th. This is an increase from Marriott Vacations Worldwide’s previous quarterly dividend of $0.79. This represents a $3.20 dividend on an annualized basis and a dividend yield of 5.8%. Marriott Vacations Worldwide’s dividend payout ratio is 71.75%.

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.