William Mccarten Purchases 5,000 Shares of Marriott Vacations Worldwide (NYSE:VAC) Stock

Marriott Vacations Worldwide Corporation (NYSE:VAC) Director William Mccarten bought 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 20th. The shares were acquired at an average cost of $48.08 per share, for a total transaction of $240,400.00. Following the completion of the acquisition, the director directly owned 13,708 shares in the company, valued at $659,080.64. The trade was a 57.42% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Marriott Vacations Worldwide Stock Performance

VAC stock traded up $3.93 during midday trading on Friday, reaching $50.74. 796,209 shares of the company were exchanged, compared to its average volume of 548,276. The company has a debt-to-equity ratio of 2.29, a current ratio of 3.87 and a quick ratio of 3.22. The business has a 50-day moving average price of $64.46 and a two-hundred day moving average price of $70.34. Marriott Vacations Worldwide Corporation has a one year low of $44.58 and a one year high of $99.42. The firm has a market capitalization of $1.76 billion, a price-to-earnings ratio of 11.38, a price-to-earnings-growth ratio of 1.04 and a beta of 1.50.

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

Marriott Vacations Worldwide Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Wednesday, September 17th were given a dividend of $0.79 per share. The ex-dividend date was Wednesday, September 17th. This represents a $3.16 annualized dividend and a yield of 6.2%. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is 70.85%.

Institutional Trading of Marriott Vacations Worldwide

A number of institutional investors have recently modified their holdings of VAC. Blueshift Asset Management LLC acquired a new stake in Marriott Vacations Worldwide during the first quarter worth about $358,000. Allianz Asset Management GmbH raised its position in shares of Marriott Vacations Worldwide by 109.3% in the 1st quarter. Allianz Asset Management GmbH now owns 75,676 shares of the company’s stock valued at $4,861,000 after buying an additional 39,522 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of Marriott Vacations Worldwide by 1.9% during the 1st quarter. Northern Trust Corp now owns 329,952 shares of the company’s stock worth $21,196,000 after acquiring an additional 6,182 shares during the period. Hsbc Holdings PLC boosted its position in shares of Marriott Vacations Worldwide by 94.2% during the 1st quarter. Hsbc Holdings PLC now owns 16,895 shares of the company’s stock worth $1,081,000 after acquiring an additional 8,196 shares in the last quarter. Finally, Mubadala Investment Co PJSC bought a new position in Marriott Vacations Worldwide in the first quarter valued at approximately $1,760,000. 89.52% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on VAC. Mizuho downgraded Marriott Vacations Worldwide from an “outperform” rating to a “neutral” rating and decreased their target price for the company from $85.00 to $58.00 in a research report on Tuesday, November 11th. The Goldman Sachs Group reduced their price target on Marriott Vacations Worldwide from $63.00 to $54.00 and set a “sell” rating for the company in a research note on Tuesday, November 11th. Stifel Nicolaus set a $83.00 price objective on Marriott Vacations Worldwide in a report on Thursday, November 6th. Wells Fargo & Company began coverage on Marriott Vacations Worldwide in a report on Tuesday. They set an “underweight” rating and a $37.00 target price for the company. Finally, Citizens Jmp decreased their price target on shares of Marriott Vacations Worldwide from $115.00 to $60.00 and set a “market outperform” rating on the stock in a research note on Friday, November 7th. Four analysts have rated the stock with a Buy rating, one has assigned a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $63.38.

Marriott Vacations Worldwide Company 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.