Verity Asset Management Inc. Has $373,000 Stock Holdings in Marriott Vacations Worldwide Corporation $VAC

Verity Asset Management Inc. increased its holdings in Marriott Vacations Worldwide Corporation (NYSE:VAC) by 45.4% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 5,163 shares of the company’s stock after buying an additional 1,612 shares during the quarter. Verity Asset Management Inc.’s holdings in Marriott Vacations Worldwide were worth $373,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Ameritas Advisory Services LLC bought a new stake in shares of Marriott Vacations Worldwide in the 2nd quarter valued at approximately $25,000. Hantz Financial Services Inc. grew its stake in shares of Marriott Vacations Worldwide by 627.8% in the 2nd quarter. Hantz Financial Services Inc. now owns 393 shares of the company’s stock valued at $28,000 after purchasing an additional 339 shares during the period. Assetmark Inc. grew its stake in shares of Marriott Vacations Worldwide by 90.6% in the 2nd quarter. Assetmark Inc. now owns 427 shares of the company’s stock valued at $31,000 after purchasing an additional 203 shares during the period. UMB Bank n.a. grew its stake in shares of Marriott Vacations Worldwide by 194.9% in the 2nd quarter. UMB Bank n.a. now owns 690 shares of the company’s stock valued at $50,000 after purchasing an additional 456 shares during the period. Finally, Caitong International Asset Management Co. Ltd bought a new stake in shares of Marriott Vacations Worldwide in the 1st quarter valued at approximately $53,000. 89.52% of the stock is currently owned by institutional investors.

Marriott Vacations Worldwide Stock Up 2.3%

Shares of VAC opened at $67.48 on Tuesday. The company has a market capitalization of $2.33 billion, a P/E ratio of 10.15, a PEG ratio of 0.95 and a beta of 1.50. The company has a debt-to-equity ratio of 2.17, a current ratio of 3.55 and a quick ratio of 2.90. Marriott Vacations Worldwide Corporation has a one year low of $49.22 and a one year high of $100.32. The business’s 50 day simple moving average is $71.72 and its 200-day simple moving average is $71.00.

Marriott Vacations Worldwide (NYSE:VAC) last released its quarterly earnings results on Monday, August 4th. The company reported $1.96 EPS for the quarter, beating the consensus estimate of $1.72 by $0.24. Marriott Vacations Worldwide had a net margin of 5.10% and a return on equity of 11.74%. The business had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same period in the prior year, the firm earned $1.10 earnings per share. Marriott Vacations Worldwide’s revenue was up 9.3% compared to the same quarter last year. As a group, sell-side analysts predict that Marriott Vacations Worldwide Corporation will post 6.23 EPS for the current fiscal year.

Marriott Vacations Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Wednesday, September 17th were issued a dividend of $0.79 per share. The ex-dividend date of this dividend was Wednesday, September 17th. This represents a $3.16 annualized dividend and a yield of 4.7%. Marriott Vacations Worldwide’s dividend payout ratio is currently 47.52%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on VAC. Weiss Ratings reiterated a “hold (c-)” rating on shares of Marriott Vacations Worldwide in a research note on Thursday, October 30th. Stifel Nicolaus set a $101.00 price objective on Marriott Vacations Worldwide and gave the company a “buy” rating in a research note on Tuesday, August 5th. The Goldman Sachs Group upped their price objective on Marriott Vacations Worldwide from $55.00 to $65.00 and gave the company a “sell” rating in a research note on Wednesday, August 6th. Morgan Stanley set a $70.00 price objective on Marriott Vacations Worldwide in a research note on Wednesday, October 22nd. Finally, Truist Financial lowered their price objective on Marriott Vacations Worldwide from $128.00 to $127.00 and set a “buy” rating on the stock in a research note on Thursday, August 21st. Four research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $92.67.

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.