Federated Hermes Inc. raised its holdings in shares of Marriott Vacations Worldwide Co. (NYSE:VAC – Get Rating) by 10.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,992 shares of the company's stock after purchasing an additional 654 shares during the period. Federated Hermes Inc.'s holdings in Marriott Vacations Worldwide were worth $812,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently added to or reduced their stakes in the business. Cibc World Market Inc. increased its stake in Marriott Vacations Worldwide by 3.7% in the second quarter. Cibc World Market Inc. now owns 1,919 shares of the company's stock valued at $223,000 after purchasing an additional 69 shares in the last quarter. Ethic Inc. increased its position in shares of Marriott Vacations Worldwide by 3.7% in the 1st quarter. Ethic Inc. now owns 2,779 shares of the company's stock valued at $438,000 after buying an additional 100 shares in the last quarter. Raymond James & Associates increased its position in shares of Marriott Vacations Worldwide by 6.0% in the 1st quarter. Raymond James & Associates now owns 2,004 shares of the company's stock valued at $316,000 after buying an additional 113 shares in the last quarter. Crossmark Global Holdings Inc. increased its position in shares of Marriott Vacations Worldwide by 3.3% in the 1st quarter. Crossmark Global Holdings Inc. now owns 3,721 shares of the company's stock valued at $587,000 after buying an additional 120 shares in the last quarter. Finally, BTC Capital Management Inc. increased its position in shares of Marriott Vacations Worldwide by 6.1% in the 2nd quarter. BTC Capital Management Inc. now owns 2,089 shares of the company's stock valued at $244,000 after buying an additional 120 shares in the last quarter. 82.81% of the stock is currently owned by institutional investors and hedge funds.
Get Marriott Vacations Worldwide alerts:Marriott Vacations Worldwide Price Performance
Shares of NYSE VAC opened at $134.12 on Tuesday. The firm has a market cap of $5.14 billion, a PE ratio of 16.52 and a beta of 2.06. The company has a current ratio of 3.31, a quick ratio of 2.70 and a debt-to-equity ratio of 1.73. Marriott Vacations Worldwide Co. has a 1-year low of $110.08 and a 1-year high of $174.74. The company has a fifty day moving average price of $141.84 and a 200 day moving average price of $135.80.
Marriott Vacations Worldwide (NYSE:VAC – Get Rating) last announced its earnings results on Monday, October 31st. The company reported $3.02 earnings per share for the quarter, topping analysts' consensus estimates of $2.63 by $0.39. The firm had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.18 billion. Marriott Vacations Worldwide had a net margin of 7.97% and a return on equity of 15.95%. The company's revenue for the quarter was up 19.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.60 EPS. Research analysts predict that Marriott Vacations Worldwide Co. will post 10.45 earnings per share for the current fiscal year.Marriott Vacations Worldwide Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 5th. Stockholders of record on Thursday, December 22nd will be paid a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a dividend yield of 2.15%. This is an increase from Marriott Vacations Worldwide's previous quarterly dividend of $0.62. The ex-dividend date of this dividend is Wednesday, December 21st. Marriott Vacations Worldwide's dividend payout ratio is currently 35.47%.
Wall Street Analysts Forecast Growth
VAC has been the subject of a number of recent analyst reports. Credit Suisse Group lowered their price objective on shares of Marriott Vacations Worldwide from $227.00 to $219.00 and set an "outperform" rating for the company in a research report on Wednesday, November 2nd. StockNews.com initiated coverage on shares of Marriott Vacations Worldwide in a research report on Wednesday, October 12th. They issued a "buy" rating for the company. Finally, Truist Financial upped their price objective 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. Four investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Marriott Vacations Worldwide presently has an average rating of "Buy" and a consensus target price of $195.25.
Marriott Vacations Worldwide Company Profile
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Marriott Vacations Worldwide Corporation, a vacation company, develops, markets, sells, and manages vacation ownership and related products. It operates through two segments, Vacation Ownership and Exchange & Third-Party Management. The company manages vacation ownership and related products under the Marriott Vacation Club, Grand Residences by Marriott, Sheraton Vacation Club, Westin Vacation Club, Hyatt Residence Club, and Marriott Vacation Club Pulse brands.
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