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

Marriott Vacations Worldwide Corporation (NYSE:VAC) Director William Mccarten acquired 5,000 shares of Marriott Vacations Worldwide stock in a transaction that occurred on Thursday, November 20th. The stock was acquired at an average cost of $48.08 per share, for a total transaction of $240,400.00. Following the completion of the purchase, the director directly owned 13,708 shares of the company’s stock, valued at $659,080.64. This represents a 57.42% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Marriott Vacations Worldwide Price Performance

Shares of VAC stock traded up $3.93 on Friday, reaching $50.74. The company had a trading volume of 796,209 shares, compared to its average volume of 548,276. The business’s 50-day moving average is $64.46 and its 200 day moving average is $70.34. Marriott Vacations Worldwide Corporation has a one year low of $44.58 and a one year high of $99.42. The company has a quick ratio of 3.22, a current ratio of 3.87 and a debt-to-equity ratio of 2.29. The stock has a market capitalization of $1.76 billion, a PE 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 announced its quarterly earnings results on Wednesday, November 5th. The company reported $1.69 earnings per share (EPS) 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 firm’s revenue was down 3.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.80 EPS. 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 fiscal year.

Marriott Vacations Worldwide Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Wednesday, September 17th were paid a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date was Wednesday, September 17th. Marriott Vacations Worldwide’s dividend payout ratio is presently 70.85%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on VAC shares. The Goldman Sachs Group reduced their price objective on Marriott Vacations Worldwide from $63.00 to $54.00 and set a “sell” rating on the stock in a research report on Tuesday, November 11th. Stifel Nicolaus set a $83.00 price target on Marriott Vacations Worldwide in a report on Thursday, November 6th. Morgan Stanley set a $70.00 price objective on Marriott Vacations Worldwide in a research note on Wednesday, October 22nd. Wells Fargo & Company initiated coverage on shares of Marriott Vacations Worldwide in a research report on Tuesday. They set an “underweight” rating and a $37.00 target price on the stock. Finally, Truist Financial reduced their target price on shares of Marriott Vacations Worldwide from $127.00 to $81.00 and set a “buy” rating on the stock in a report on Friday, November 14th. Four research analysts have rated the stock with a Buy rating, one has issued a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $63.38.

Hedge Funds Weigh In On Marriott Vacations Worldwide

A number of hedge funds and other institutional investors have recently made changes to their positions in VAC. CIBC Bancorp USA Inc. acquired a new stake in Marriott Vacations Worldwide during the 3rd quarter valued at approximately $267,000. Caitong International Asset Management Co. Ltd lifted its position in shares of Marriott Vacations Worldwide by 39,966.7% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 1,202 shares of the company’s stock worth $80,000 after purchasing an additional 1,199 shares during the period. Advisory Services Network LLC bought a new stake in shares of Marriott Vacations Worldwide in the 3rd quarter valued at $27,000. CANADA LIFE ASSURANCE Co increased its position in shares of Marriott Vacations Worldwide by 5.2% during the third quarter. CANADA LIFE ASSURANCE Co now owns 26,785 shares of the company’s stock worth $1,855,000 after buying an additional 1,323 shares during the period. Finally, Dark Forest Capital Management LP raised its stake in Marriott Vacations Worldwide by 11.0% during the third quarter. Dark Forest Capital Management LP now owns 71,319 shares of the company’s stock worth $4,747,000 after buying an additional 7,092 shares during the last quarter. 89.52% of the stock is owned by institutional investors and hedge funds.

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.