Marriott Vacations Worldwide (NYSE:VAC) Shares Gap Up After Insider Buying Activity

Marriott Vacations Worldwide Co. (NYSE:VAC)’s share price gapped up prior to trading on Thursday following insider buying activity. The stock had previously closed at $69.21, but opened at $71.23. Marriott Vacations Worldwide shares last traded at $70.08, with a volume of 18,626 shares changing hands.

Specifically, insider Jason P. Marino acquired 700 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The stock was acquired at an average price of $69.00 per share, with a total value of $48,300.00. Following the acquisition, the insider now directly owns 15,851 shares in the company, valued at approximately $1,093,719. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Analyst Upgrades and Downgrades

Several research firms recently commented on VAC. Stifel Nicolaus dropped their price target on shares of Marriott Vacations Worldwide from $117.00 to $108.00 and set a “buy” rating on the stock in a research report on Thursday, August 1st. JMP Securities lowered their target price on Marriott Vacations Worldwide from $115.00 to $90.00 and set a “market outperform” rating for the company in a report on Friday, August 2nd. Barclays dropped their price objective on Marriott Vacations Worldwide from $106.00 to $82.00 and set an “equal weight” rating on the stock in a report on Friday, August 2nd. StockNews.com downgraded Marriott Vacations Worldwide from a “hold” rating to a “sell” rating in a research note on Friday, July 19th. Finally, Truist Financial cut their price objective on shares of Marriott Vacations Worldwide from $161.00 to $159.00 and set a “buy” rating for the company in a research report on Friday, July 19th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, Marriott Vacations Worldwide has an average rating of “Hold” and an average price target of $102.67.

Marriott Vacations Worldwide Stock Up 0.8 %

The company has a quick ratio of 2.72, a current ratio of 3.28 and a debt-to-equity ratio of 2.21. The firm has a 50 day moving average price of $77.73 and a two-hundred day moving average price of $89.04. The company has a market capitalization of $2.45 billion, a price-to-earnings ratio of 12.79, a P/E/G ratio of 0.66 and a beta of 1.81.

Marriott Vacations Worldwide (NYSE:VAC) last posted its earnings results on Wednesday, July 31st. The company reported $1.10 EPS for the quarter, missing the consensus estimate of $1.99 by ($0.89). Marriott Vacations Worldwide had a net margin of 3.41% and a return on equity of 9.89%. The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same period last year, the company posted $2.19 earnings per share. The firm’s revenue for the quarter was down 3.2% compared to the same quarter last year. As a group, sell-side analysts expect that Marriott Vacations Worldwide Co. will post 6.12 earnings per share for the current year.

Marriott Vacations Worldwide Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Thursday, September 19th will be paid a $0.76 dividend. The ex-dividend date is Thursday, September 19th. This represents a $3.04 annualized dividend and a dividend yield of 4.36%. Marriott Vacations Worldwide’s dividend payout ratio is currently 56.19%.

Institutional Trading of Marriott Vacations Worldwide

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. lifted its position in shares of Marriott Vacations Worldwide by 7.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 453,849 shares of the company’s stock valued at $38,527,000 after acquiring an additional 33,373 shares in the last quarter. Aigen Investment Management LP grew its holdings in shares of Marriott Vacations Worldwide by 53.7% during the fourth quarter. Aigen Investment Management LP now owns 28,672 shares of the company’s stock valued at $2,434,000 after buying an additional 10,016 shares in the last quarter. Picton Mahoney Asset Management acquired a new position in Marriott Vacations Worldwide during the first quarter valued at $4,676,000. Dimensional Fund Advisors LP lifted its stake in Marriott Vacations Worldwide by 5.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,387,206 shares of the company’s stock worth $117,763,000 after acquiring an additional 66,362 shares in the last quarter. Finally, Harbor Capital Advisors Inc. boosted its position in Marriott Vacations Worldwide by 335.6% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 25,457 shares of the company’s stock worth $2,223,000 after acquiring an additional 19,613 shares during the period. Institutional investors and hedge funds own 89.52% of the company’s stock.

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.