Marriott Vacations Worldwide Co. (NYSE:VAC) CFO Anthony E. Terry Purchases 1,800 Shares of Stock

Posted by on Aug 9th, 2023

Marriott Vacations Worldwide Co. (NYSE:VAC – Get Free Report) CFO Anthony E. Terry bought 1,800 shares of the firm’s stock in a transaction dated Monday, August 7th. The stock was purchased at an average price of $113.55 per share, for a total transaction of $204,390.00. Following the transaction, the chief financial officer now owns 13,087 shares of the company’s stock, valued at $1,486,028.85. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.

Marriott Vacations Worldwide Price Performance

VAC stock opened at $112.05 on Wednesday. Marriott Vacations Worldwide Co. has a 1 year low of $109.00 and a 1 year high of $165.85. The company has a debt-to-equity ratio of 2.03, a quick ratio of 2.73 and a current ratio of 3.32. The stock’s 50 day moving average price is $126.07 and its 200 day moving average price is $135.91. The firm has a market cap of $4.09 billion, a P/E ratio of 12.68, a PEG ratio of 1.91 and a beta of 2.00.

Marriott Vacations Worldwide (NYSE:VAC – Get Free Report) last issued its quarterly earnings results on Wednesday, August 2nd. The company reported $2.19 earnings per share for the quarter, missing analysts’ consensus estimates of $2.81 by ($0.62). The business had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.24 billion. Marriott Vacations Worldwide had a return on equity of 17.65% and a net margin of 7.81%. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period in the prior year, the company earned $2.87 EPS. On average, sell-side analysts expect that Marriott Vacations Worldwide Co. will post 9.94 earnings per share for the current fiscal year.

Marriott Vacations Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 8th. Investors of record on Thursday, May 25th were issued a $0.72 dividend. The ex-dividend date was Wednesday, May 24th. This represents a $2.88 annualized dividend and a yield of 2.57%. Marriott Vacations Worldwide’s dividend payout ratio is currently 32.58%.

Institutional Trading of Marriott Vacations Worldwide

Several large investors have recently modified their holdings of VAC. AE Wealth Management LLC lifted its position in shares of Marriott Vacations Worldwide by 4.7% during the first quarter. AE Wealth Management LLC now owns 1,661 shares of the company’s stock worth $224,000 after purchasing an additional 74 shares during the last quarter. Rockefeller Capital Management L.P. lifted its holdings in Marriott Vacations Worldwide by 56.9% in the fourth quarter. Rockefeller Capital Management L.P. now owns 204 shares of the company’s stock worth $27,000 after acquiring an additional 74 shares during the last quarter. Fifth Third Bancorp lifted its holdings in Marriott Vacations Worldwide by 2.4% in the first quarter. Fifth Third Bancorp now owns 3,454 shares of the company’s stock worth $466,000 after acquiring an additional 80 shares during the last quarter. Wellington Management Group LLP lifted its holdings in Marriott Vacations Worldwide by 5.0% in the first quarter. Wellington Management Group LLP now owns 1,905 shares of the company’s stock worth $257,000 after acquiring an additional 91 shares during the last quarter. Finally, Ethic Inc. lifted its holdings in Marriott Vacations Worldwide by 3.7% in the first quarter. Ethic Inc. now owns 2,779 shares of the company’s stock worth $438,000 after acquiring an additional 100 shares during the last quarter. 83.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

VAC has been the topic of a number of analyst reports. Barclays reduced their price objective on Marriott Vacations Worldwide from $174.00 to $131.00 and set an “overweight” rating on the stock in a research report on Friday, August 4th. Truist Financial dropped their price objective on Marriott Vacations Worldwide from $223.00 to $219.00 in a research note on Tuesday, May 16th. Finally, StockNews.com initiated coverage on Marriott Vacations Worldwide in a research note on Thursday, May 18th. They issued a “hold” rating for the company. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, Marriott Vacations Worldwide has an average rating of “Moderate Buy” and a consensus target price of $186.00.

View Our Latest Report on Marriott Vacations Worldwide

About Marriott Vacations Worldwide

(Get Free Report)

Marriott Vacations Worldwide Corporation, a vacation company, develops, markets, sells, and manages vacation ownership and related products. It operates through two segments, Vacation Ownership and Exchange & Third-Party Management. The company manages vacation ownership and related products under the Marriott Vacation Club, Grand Residences by Marriott, Sheraton Vacation Club, Westin Vacation Club, Hyatt Residence Club, and Marriott Vacation Club Pulse brands.

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