Stephanie Sobeck Butera Purchases 650 Shares of Marriott Vacations Worldwide Co. (NYSE:VAC) Stock

Marriott Vacations Worldwide Co. (NYSE:VAC) insider Stephanie Sobeck Butera acquired 650 shares of the stock in a transaction dated Thursday, March 6th. The stock was acquired at an average cost of $71.66 per share, with a total value of $46,579.00. Following the transaction, the insider now owns 8,770 shares of the company’s stock, valued at approximately $628,458.20. This trade represents a 8.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Marriott Vacations Worldwide Trading Up 1.8 %

Shares of VAC opened at $72.99 on Friday. The stock’s 50-day moving average is $84.44 and its two-hundred day moving average is $83.19. The stock has a market cap of $2.55 billion, a PE ratio of 13.90, a P/E/G ratio of 0.67 and a beta of 1.83. Marriott Vacations Worldwide Co. has a 12 month low of $67.28 and a 12 month high of $108.57. The company has a debt-to-equity ratio of 2.19, a current ratio of 3.53 and a quick ratio of 2.86.

Marriott Vacations Worldwide (NYSE:VAC) last issued its quarterly earnings data on Wednesday, February 26th. The company reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.51 by $0.35. The company had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.24 billion. Marriott Vacations Worldwide had a return on equity of 10.89% and a net margin of 4.20%. Equities analysts forecast that Marriott Vacations Worldwide Co. will post 6.23 earnings per share for the current fiscal year.

Marriott Vacations Worldwide Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th will be paid a $0.79 dividend. This represents a $3.16 annualized dividend and a dividend yield of 4.33%. The ex-dividend date is Wednesday, March 5th. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is 56.23%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Forum Financial Management LP acquired a new position in shares of Marriott Vacations Worldwide in the fourth quarter worth about $203,000. Ananym Capital Management LP acquired a new position in shares of Marriott Vacations Worldwide in the fourth quarter worth about $21,987,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Marriott Vacations Worldwide by 16.8% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 96,139 shares of the company’s stock worth $8,633,000 after acquiring an additional 13,840 shares in the last quarter. Voloridge Investment Management LLC acquired a new position in shares of Marriott Vacations Worldwide in the fourth quarter worth about $545,000. Finally, True Wealth Design LLC lifted its stake in shares of Marriott Vacations Worldwide by 35.2% in the fourth quarter. True Wealth Design LLC now owns 595 shares of the company’s stock worth $53,000 after acquiring an additional 155 shares in the last quarter. Institutional investors and hedge funds own 89.52% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Stifel Nicolaus reduced their target price on Marriott Vacations Worldwide from $112.00 to $108.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. Mizuho lifted their target price on Marriott Vacations Worldwide from $117.00 to $120.00 and gave the company an “outperform” rating in a report on Tuesday, February 25th. Morgan Stanley assumed coverage on Marriott Vacations Worldwide in a report on Monday, January 6th. They issued an “underweight” rating and a $87.00 target price on the stock. The Goldman Sachs Group lifted their target price on Marriott Vacations Worldwide from $70.00 to $85.00 and gave the company a “sell” rating in a report on Tuesday, December 10th. Finally, Truist Financial reduced their target price on Marriott Vacations Worldwide from $142.00 to $140.00 and set a “buy” rating on the stock in a report on Friday. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $102.75.

About Marriott Vacations Worldwide

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.