Lizanne Galbreath Acquires 5,500 Shares of Marriott Vacations Worldwide (NYSE:VAC) Stock

Marriott Vacations Worldwide Corporation (NYSE:VAC) Director Lizanne Galbreath bought 5,500 shares of Marriott Vacations Worldwide stock in a transaction dated Tuesday, November 18th. The stock was purchased at an average cost of $46.51 per share, for a total transaction of $255,805.00. Following the purchase, the director owned 25,714 shares of the company’s stock, valued at approximately $1,195,958.14. This trade represents a 27.21% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Marriott Vacations Worldwide Trading Up 0.6%

NYSE:VAC traded up $0.29 during mid-day trading on Tuesday, hitting $46.59. 914,181 shares of the stock traded hands, compared to its average volume of 544,942. The company has a quick ratio of 3.22, a current ratio of 3.87 and a debt-to-equity ratio of 2.29. Marriott Vacations Worldwide Corporation has a 52 week low of $44.58 and a 52 week high of $99.42. The stock has a market capitalization of $1.61 billion, a price-to-earnings ratio of 10.45, a PEG ratio of 1.00 and a beta of 1.50. The firm’s 50 day moving average is $66.33 and its two-hundred day moving average is $70.76.

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

Marriott Vacations Worldwide Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Wednesday, September 17th were issued a dividend of $0.79 per share. The ex-dividend date was Wednesday, September 17th. This represents a $3.16 dividend on an annualized basis and a yield of 6.8%. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is presently 70.85%.

Institutional Investors Weigh In On Marriott Vacations Worldwide

Hedge funds have recently made changes to their positions in the stock. Envestnet Asset Management Inc. raised its holdings in Marriott Vacations Worldwide by 8.0% in the first quarter. Envestnet Asset Management Inc. now owns 5,993 shares of the company’s stock worth $385,000 after purchasing an additional 443 shares in the last quarter. Allianz Asset Management GmbH grew 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 worth $4,861,000 after buying an additional 39,522 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new position in shares of Marriott Vacations Worldwide during the 1st quarter worth approximately $406,000. Neo Ivy Capital Management purchased a new stake in Marriott Vacations Worldwide during the first quarter valued at approximately $612,000. Finally, XTX Topco Ltd boosted its stake in Marriott Vacations Worldwide by 17.8% in the first quarter. XTX Topco Ltd now owns 3,485 shares of the company’s stock valued at $224,000 after acquiring an additional 526 shares in the last quarter. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on VAC. Mizuho downgraded shares of Marriott Vacations Worldwide from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $85.00 to $58.00 in a research note on Tuesday, November 11th. Truist Financial lowered their price target on Marriott Vacations Worldwide from $127.00 to $81.00 and set a “buy” rating for the company in a report on Friday. Barclays reduced their price objective on Marriott Vacations Worldwide from $87.00 to $64.00 and set an “overweight” rating on the stock in a report on Friday, November 7th. Citizens Jmp dropped their price target on Marriott Vacations Worldwide from $115.00 to $60.00 and set a “market outperform” rating on the stock in a research report on Friday, November 7th. Finally, Morgan Stanley set a $70.00 price objective on Marriott Vacations Worldwide in a report on Wednesday, October 22nd. Four research analysts have rated the stock with a Buy rating, one has given a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently 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.