Marriott Vacations Worldwide Co. (NYSE:VAC – Get Rating) VP Dwight D. Smith sold 2,627 shares of the stock in a transaction dated Monday, January 23rd. The shares were sold at an average price of $157.00, for a total transaction of $412,439.00. Following the transaction, the vice president now owns 14,485 shares of the company's stock, valued at approximately $2,274,145. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Marriott Vacations Worldwide Stock Performance
NYSE VAC traded up $0.50 during trading on Tuesday, hitting $155.56. 253,264 shares of the company's stock traded hands, compared to its average volume of 437,844. The stock has a market capitalization of $5.96 billion, a price-to-earnings ratio of 19.10 and a beta of 2.05. Marriott Vacations Worldwide Co. has a 12-month low of $110.08 and a 12-month high of $173.44. The company has a debt-to-equity ratio of 1.73, a quick ratio of 2.70 and a current ratio of 3.31. The business has a 50 day moving average of $142.57 and a 200-day moving average of $139.09.
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Marriott Vacations Worldwide (NYSE:VAC – Get Rating) last announced its quarterly earnings results on Monday, October 31st. The company reported $3.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.63 by $0.39. Marriott Vacations Worldwide had a net margin of 7.97% and a return on equity of 15.95%. The firm had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same period in the prior year, the firm posted $1.60 earnings per share. The company's revenue for the quarter was up 19.0% on a year-over-year basis. As a group, equities research analysts anticipate that Marriott Vacations Worldwide Co. will post 10.45 earnings per share for the current fiscal year.
Marriott Vacations Worldwide Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, January 5th. Stockholders of record on Thursday, December 22nd were issued a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a dividend yield of 1.85%. This is an increase from Marriott Vacations Worldwide's previous quarterly dividend of $0.62. The ex-dividend date of this dividend was Wednesday, December 21st. Marriott Vacations Worldwide's dividend payout ratio is presently 35.47%.
Analysts Set New Price Targets
Several research firms recently weighed in on VAC. Truist Financial increased their price target on shares of Marriott Vacations Worldwide from $202.00 to $205.00 and gave the company a "buy" rating in a research report on Tuesday, November 15th. Credit Suisse Group dropped their price objective on shares of Marriott Vacations Worldwide from $227.00 to $219.00 and set an "outperform" rating on the stock in a report on Wednesday, November 2nd. Finally, StockNews.com assumed coverage on shares of Marriott Vacations Worldwide in a report on Wednesday, October 12th. They set a "buy" rating on the stock. Four research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Marriott Vacations Worldwide has a consensus rating of "Buy" and an average target price of $195.25.
Institutional Investors Weigh In On Marriott Vacations Worldwide
A number of institutional investors and hedge funds have recently modified their holdings of the company. Xponance Inc. lifted its holdings in shares of Marriott Vacations Worldwide by 8.6% in the fourth quarter. Xponance Inc. now owns 5,014 shares of the company's stock worth $675,000 after buying an additional 395 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Marriott Vacations Worldwide by 228.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,349 shares of the company's stock worth $316,000 after purchasing an additional 1,634 shares during the last quarter. Maryland State Retirement & Pension System bought a new position in shares of Marriott Vacations Worldwide in the fourth quarter worth approximately $427,000. Ferguson Wellman Capital Management Inc. bought a new position in shares of Marriott Vacations Worldwide in the fourth quarter worth approximately $251,000. Finally, Assenagon Asset Management S.A. increased its position in shares of Marriott Vacations Worldwide by 53.2% in the fourth quarter. Assenagon Asset Management S.A. now owns 268,779 shares of the company's stock worth $36,175,000 after purchasing an additional 93,302 shares during the last quarter. 82.81% of the stock is owned by hedge funds and other institutional investors.
About Marriott Vacations Worldwide
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Marriott Vacations Worldwide Corp. is a global vacation company engaged in vacation ownership, exchange, rental and resort and property management, along with related businesses, products and services. It operates through Vacation Ownership and Exchange & Third-Party Management. The Vacation Ownership segment develops, markets, sells, and manages vacation ownership and related products under the Marriott Vacation Club, Grand Residences by Marriott, Sheraton Vacation Club, Westin Vacation Club, and Hyatt Residence Club brands.
Further Reading
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