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

Marriott Vacations Worldwide Co. (NYSE:VAC) insider Stephanie Sobeck Butera bought 650 shares of the stock in a transaction on Thursday, March 6th. The stock was purchased at an average cost of $71.66 per share, with a total value of $46,579.00. Following the acquisition, the insider now owns 8,770 shares in the company, valued at approximately $628,458.20. This represents a 8.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Marriott Vacations Worldwide Stock Up 1.8 %

Shares of NYSE:VAC opened at $72.99 on Friday. The stock has a market cap of $2.55 billion, a price-to-earnings ratio of 13.90, a PEG ratio of 0.67 and a beta of 1.83. The company has a quick ratio of 2.86, a current ratio of 3.53 and a debt-to-equity ratio of 2.19. Marriott Vacations Worldwide Co. has a 12-month low of $67.28 and a 12-month high of $108.57. The business’s 50 day moving average is $84.79 and its 200 day moving average is $83.10.

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

Marriott Vacations Worldwide Announces Dividend

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

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Verity Asset Management Inc. raised its stake in shares of Marriott Vacations Worldwide by 3.1% in the third quarter. Verity Asset Management Inc. now owns 4,303 shares of the company’s stock valued at $316,000 after buying an additional 131 shares during the period. True Wealth Design LLC raised 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 valued at $53,000 after buying an additional 155 shares during the period. Pacer Advisors Inc. raised its stake in shares of Marriott Vacations Worldwide by 2.7% in the fourth quarter. Pacer Advisors Inc. now owns 6,404 shares of the company’s stock valued at $575,000 after buying an additional 166 shares during the period. Stifel Financial Corp raised its stake in shares of Marriott Vacations Worldwide by 3.4% in the third quarter. Stifel Financial Corp now owns 5,596 shares of the company’s stock valued at $411,000 after buying an additional 184 shares during the period. Finally, Xponance Inc. raised its stake in shares of Marriott Vacations Worldwide by 6.2% in the fourth quarter. Xponance Inc. now owns 3,809 shares of the company’s stock valued at $342,000 after buying an additional 221 shares during the period. Hedge funds and other institutional investors own 89.52% of the company’s stock.

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.