PNC Financial Services Group Inc. Has $621,000 Position in Marriott Vacations Worldwide Co. (NYSE:VAC)

Posted by Defense World Staff on Jun 3rd, 2023

PNC Financial Services Group Inc. boosted its position in shares of Marriott Vacations Worldwide Co. (NYSE:VAC – Get Rating) by 2.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,613 shares of the company’s stock after purchasing an additional 114 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Marriott Vacations Worldwide were worth $621,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Penserra Capital Management LLC acquired a new position in Marriott Vacations Worldwide during the first quarter valued at approximately $40,000. Belpointe Asset Management LLC acquired a new position in Marriott Vacations Worldwide during the fourth quarter valued at approximately $36,000. Acadian Asset Management LLC bought a new position in Marriott Vacations Worldwide in the first quarter valued at approximately $55,000. Quadrant Capital Group LLC lifted its stake in Marriott Vacations Worldwide by 235.8% in the third quarter. Quadrant Capital Group LLC now owns 413 shares of the company’s stock valued at $50,000 after buying an additional 290 shares in the last quarter. Finally, Benjamin Edwards Inc. lifted its stake in Marriott Vacations Worldwide by 113.8% in the fourth quarter. Benjamin Edwards Inc. now owns 417 shares of the company’s stock valued at $56,000 after buying an additional 222 shares in the last quarter. Institutional investors and hedge funds own 82.81% of the company’s stock.

Marriott Vacations Worldwide Stock Performance

Shares of VAC stock opened at $129.12 on Friday. The company has a quick ratio of 2.61, a current ratio of 3.18 and a debt-to-equity ratio of 2.04. The company’s fifty day simple moving average is $130.55 and its 200-day simple moving average is $141.07. Marriott Vacations Worldwide Co. has a 12 month low of $110.08 and a 12 month high of $165.85. The firm has a market cap of $4.75 billion, a PE ratio of 13.39, a P/E/G ratio of 1.90 and a beta of 2.04.

Marriott Vacations Worldwide (NYSE:VAC – Get Rating) last posted its quarterly earnings results on Wednesday, May 3rd. The company reported $2.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.84 by $0.70. Marriott Vacations Worldwide had a net margin of 8.80% and a return on equity of 18.78%. The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same period in the prior year, the firm posted $1.70 earnings per share. The company’s quarterly revenue was up 11.1% compared to the same quarter last year. Equities research analysts expect that Marriott Vacations Worldwide Co. will post 11.16 EPS for the current fiscal year.

Marriott Vacations Worldwide Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 8th. Shareholders of record on Thursday, May 25th will be given a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a yield of 2.23%. The ex-dividend date is Wednesday, May 24th. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is currently 29.88%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Credit Suisse Group cut their price target on shares of Marriott Vacations Worldwide from $219.00 to $214.00 and set an “outperform” rating on the stock in a research note on Friday, February 24th. StockNews.com assumed coverage on shares of Marriott Vacations Worldwide in a research note on Thursday, May 18th. They issued a “hold” rating on the stock. Jefferies Financial Group cut their price target on shares of Marriott Vacations Worldwide from $195.00 to $184.00 and set a “buy” rating on the stock in a research note on Friday, February 3rd. Deutsche Bank Aktiengesellschaft cut their price target on shares of Marriott Vacations Worldwide from $191.00 to $188.00 and set a “buy” rating on the stock in a research note on Friday, February 24th. Finally, Bank of America started coverage on shares of Marriott Vacations Worldwide in a research report on Monday, February 6th. They issued a “neutral” rating and a $180.00 price objective on the stock. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Marriott Vacations Worldwide has a consensus rating of “Moderate Buy” and a consensus target price of $191.67.

About Marriott Vacations Worldwide

(Get Rating)

Marriott Vacations Worldwide Corp. is a global vacation company engaged in vacation ownership, exchange, rental and resort and property management, along with related businesses, products and services. It operates through Vacation Ownership and Exchange & Third-Party Management. The Vacation Ownership segment develops, markets, sells, and manages vacation ownership and related products under the Marriott Vacation Club, Grand Residences by Marriott, Sheraton Vacation Club, Westin Vacation Club, and Hyatt Residence Club brands.