Marriott Vacations Worldwide (NYSE:VAC) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Marriott Vacations Worldwide (NYSE:VAC) from a sell rating to a hold rating in a research report released on Sunday.

VAC has been the subject of several other research reports. Weiss Ratings restated a “sell (d+)” rating on shares of Marriott Vacations Worldwide in a report on Monday, December 15th. Truist Financial cut their target price on Marriott Vacations Worldwide from $127.00 to $81.00 and set a “buy” rating on the stock in a report on Friday, November 14th. Mizuho lowered Marriott Vacations Worldwide from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $85.00 to $58.00 in a report on Tuesday, November 11th. Wells Fargo & Company initiated coverage on shares of Marriott Vacations Worldwide in a report on Tuesday, November 18th. They set an “underweight” rating and a $37.00 price objective on the stock. Finally, Morgan Stanley set a $70.00 target price on Marriott Vacations Worldwide in a research note on Wednesday, October 22nd. Four research analysts have rated the stock with a Buy rating, one has issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $63.38.

Marriott Vacations Worldwide Stock Down 0.3%

Shares of NYSE:VAC opened at $59.08 on Friday. Marriott Vacations Worldwide has a 52-week low of $44.58 and a 52-week high of $92.19. The company has a fifty day moving average of $57.75 and a 200-day moving average of $68.64. The company has a debt-to-equity ratio of 2.29, a quick ratio of 3.22 and a current ratio of 3.87. The company has a market capitalization of $2.04 billion, a PE ratio of 13.25, a price-to-earnings-growth ratio of 1.29 and a beta of 1.37.

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

Marriott Vacations Worldwide Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 7th. Investors of record on Wednesday, December 24th will be issued a $0.80 dividend. This is an increase from Marriott Vacations Worldwide’s previous quarterly dividend of $0.79. The ex-dividend date of this dividend is Wednesday, December 24th. This represents a $3.20 annualized dividend and a yield of 5.4%. Marriott Vacations Worldwide’s payout ratio is 70.85%.

Insiders Place Their Bets

In other Marriott Vacations Worldwide news, Director Lizanne Galbreath acquired 5,500 shares of the company’s stock in a transaction on Tuesday, November 18th. The shares were acquired at an average cost of $46.51 per share, with a total value of $255,805.00. Following the completion of the acquisition, 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jonice M. Gray bought 1,100 shares of Marriott Vacations Worldwide stock in a transaction dated Tuesday, November 25th. The stock was acquired at an average price of $54.47 per share, with a total value of $59,917.00. Following the purchase, the director directly owned 13,205 shares of the company’s stock, valued at approximately $719,276.35. This represents a 9.09% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased a total of 96,100 shares of company stock worth $4,566,692 in the last ninety days. 1.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Marriott Vacations Worldwide

A number of hedge funds and other institutional investors have recently bought and sold shares of VAC. Norges Bank bought a new position in shares of Marriott Vacations Worldwide in the second quarter valued at approximately $27,971,000. Senvest Management LLC increased its holdings 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 worth $131,316,000 after buying an additional 294,937 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in Marriott Vacations Worldwide by 71.6% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 635,977 shares of the company’s stock worth $45,987,000 after purchasing an additional 265,278 shares during the period. Capital World Investors bought a new position in shares of Marriott Vacations Worldwide in the third quarter worth approximately $226,000. Finally, Geode Capital Management LLC increased its stake in shares of Marriott Vacations Worldwide by 37.4% in 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 during the period. Institutional investors own 89.52% of the company’s stock.

Marriott Vacations Worldwide Company 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.