Van Berkom & Associates Inc. Acquires 115,993 Shares of Marriott Vacations Worldwide Co. (NYSE:VAC)

Van Berkom & Associates Inc. boosted its stake in shares of Marriott Vacations Worldwide Co. (NYSE:VAC) by 19.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 722,164 shares of the company’s stock after purchasing an additional 115,993 shares during the quarter. Van Berkom & Associates Inc.’s holdings in Marriott Vacations Worldwide were worth $63,059,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC boosted its holdings in shares of Marriott Vacations Worldwide by 615.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 286 shares of the company’s stock worth $31,000 after buying an additional 246 shares during the period. Fidelis Capital Partners LLC acquired a new stake in Marriott Vacations Worldwide during the first quarter worth approximately $41,000. Quadrant Capital Group LLC boosted its holdings in shares of Marriott Vacations Worldwide by 20.9% during the fourth quarter. Quadrant Capital Group LLC now owns 1,013 shares of the company’s stock worth $86,000 after acquiring an additional 175 shares during the period. Innealta Capital LLC acquired a new stake in Marriott Vacations Worldwide during the 2nd quarter worth approximately $90,000. Finally, TFO Wealth Partners LLC boosted its stake in Marriott Vacations Worldwide by 61,550.0% in the 4th quarter. TFO Wealth Partners LLC now owns 1,233 shares of the company’s stock valued at $105,000 after purchasing an additional 1,231 shares during the period. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have weighed in on VAC shares. Stifel Nicolaus lowered their price objective on 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 dropped their price objective on shares of Marriott Vacations Worldwide from $115.00 to $90.00 and set a “market outperform” rating for the company in a research note on Friday, August 2nd. StockNews.com downgraded shares of Marriott Vacations Worldwide from a “hold” rating to a “sell” rating in a report on Friday, July 19th. Mizuho dropped their price target on shares of Marriott Vacations Worldwide from $128.00 to $126.00 and set a “buy” rating for the company in a research report on Friday, June 14th. Finally, Truist Financial cut their price target on Marriott Vacations Worldwide from $161.00 to $159.00 and set a “buy” rating for the company in a research note on Friday, July 19th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Marriott Vacations Worldwide has an average rating of “Hold” and an average price target of $102.67.

Marriott Vacations Worldwide Price Performance

Shares of VAC traded down $0.82 during midday trading on Monday, hitting $70.86. The company’s stock had a trading volume of 12,842 shares, compared to its average volume of 478,225. The company has a quick ratio of 2.72, a current ratio of 3.28 and a debt-to-equity ratio of 2.21. Marriott Vacations Worldwide Co. has a one year low of $68.34 and a one year high of $108.57. The stock has a market capitalization of $2.48 billion, a price-to-earnings ratio of 13.25, a price-to-earnings-growth ratio of 0.66 and a beta of 1.81. The company’s fifty day simple moving average is $78.56 and its two-hundred day simple moving average is $89.54.

Marriott Vacations Worldwide (NYSE:VAC) last released its earnings results on Wednesday, July 31st. The company reported $1.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter in the prior year, the firm earned $2.19 EPS. The business’s revenue was down 3.2% on a year-over-year basis. As a group, equities analysts expect that Marriott Vacations Worldwide Co. will post 6.12 earnings per share for the current fiscal year.

Marriott Vacations Worldwide Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Thursday, September 19th will be paid a dividend of $0.76 per share. The ex-dividend date is Thursday, September 19th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 4.29%. Marriott Vacations Worldwide’s payout ratio is presently 56.19%.

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.