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Great West Life Assurance Co. Can Acquires Shares of 24,920 Marriott Vacations Worldwide Co. (NYSE:VAC)

Defense World · Jan 25, 2023 06:31

Great West Life Assurance Co. Can acquired a new stake in shares of Marriott Vacations Worldwide Co. (NYSE:VAC – Get Rating) in the third quarter, HoldingsChannel reports. The fund acquired 24,920 shares of the company's stock, valued at approximately $3,035,000.

Other hedge funds have also recently bought and sold shares of the company. Raymond James & Associates lifted its holdings in Marriott Vacations Worldwide by 6.0% during the 1st quarter. Raymond James & Associates now owns 2,004 shares of the company's stock worth $316,000 after buying an additional 113 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in Marriott Vacations Worldwide by 5.6% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 4,483 shares of the company's stock worth $707,000 after buying an additional 238 shares during the last quarter. Acadian Asset Management LLC bought a new position in Marriott Vacations Worldwide during the 1st quarter worth approximately $55,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in Marriott Vacations Worldwide by 10.5% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 15,611 shares of the company's stock worth $2,462,000 after buying an additional 1,489 shares during the last quarter. Finally, Cibc World Market Inc. bought a new position in Marriott Vacations Worldwide during the 1st quarter worth approximately $292,000. Institutional investors and hedge funds own 82.81% of the company's stock.

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Insider Activity at Marriott Vacations Worldwide

In other news, VP Dwight D. Smith sold 2,627 shares of Marriott Vacations Worldwide stock in a transaction on Monday, January 23rd. The stock was sold at an average price of $157.00, for a total transaction of $412,439.00. Following the transaction, the vice president now directly owns 14,485 shares in the company, valued at approximately $2,274,145. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.60% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms have commented on VAC. StockNews.com began coverage on Marriott Vacations Worldwide in a report on Wednesday, October 12th. They set a "buy" rating on the stock. Truist Financial raised their price target on Marriott Vacations Worldwide from $202.00 to $205.00 and gave the stock a "buy" rating in a report on Tuesday, November 15th. Finally, Credit Suisse Group cut their price target on Marriott Vacations Worldwide from $227.00 to $219.00 and set an "outperform" rating on the stock in a report on Wednesday, November 2nd. Four investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $195.25.

Marriott Vacations Worldwide Stock Up 0.3 %

VAC opened at $155.56 on Wednesday. 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 current ratio of 3.31 and a quick ratio of 2.70. The stock has a market cap of $5.96 billion, a P/E ratio of 19.16 and a beta of 2.05. The stock's 50 day moving average price is $142.75 and its 200 day moving average price is $139.35.

Marriott Vacations Worldwide (NYSE:VAC – Get Rating) last posted its earnings results on Monday, October 31st. The company reported $3.02 EPS for the quarter, beating the consensus estimate of $2.63 by $0.39. Marriott Vacations Worldwide had a return on equity of 15.95% and a net margin of 7.97%. The firm had revenue of $1.25 billion for the quarter, compared to analysts' expectations of $1.18 billion. During the same period last year, the firm earned $1.60 EPS. The firm's revenue was up 19.0% compared to the same quarter last year. As a group, research analysts predict that Marriott Vacations Worldwide Co. will post 10.45 earnings per share for the current year.

Marriott Vacations Worldwide Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 5th. Investors of record on Thursday, December 22nd were given a $0.72 dividend. This is a boost from Marriott Vacations Worldwide's previous quarterly dividend of $0.62. This represents a $2.88 annualized dividend and a yield of 1.85%. The ex-dividend date of this dividend was Wednesday, December 21st. Marriott Vacations Worldwide's dividend payout ratio (DPR) is currently 35.47%.

Marriott Vacations Worldwide Company Profile

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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.