Marriott Vacations Worldwide Co. (NYSE:VAC) CEO John E. Geller, Jr. Buys 5,000 Shares

Posted by on Aug 9th, 2023

Marriott Vacations Worldwide Co. (NYSE:VAC – Get Free Report) CEO John E. Geller, Jr. acquired 5,000 shares of the firm’s stock in a transaction on Monday, August 7th. The shares were acquired at an average price of $112.84 per share, with a total value of $564,200.00. Following the completion of the transaction, the chief executive officer now directly owns 43,323 shares in the company, valued at approximately $4,888,567.32. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Marriott Vacations Worldwide Stock Down 0.4 %

Shares of Marriott Vacations Worldwide stock opened at $112.05 on Wednesday. The firm has a market cap of $4.09 billion, a price-to-earnings ratio of 12.68, a P/E/G ratio of 1.91 and a beta of 2.00. The company has a debt-to-equity ratio of 2.03, a current ratio of 3.32 and a quick ratio of 2.73. Marriott Vacations Worldwide Co. has a 52-week low of $109.00 and a 52-week high of $165.85. The stock has a 50-day simple moving average of $126.07 and a 200-day simple moving average of $135.91.

Marriott Vacations Worldwide (NYSE:VAC – Get Free Report) last posted its earnings results on Wednesday, August 2nd. The company reported $2.19 earnings per share for the quarter, missing the consensus estimate of $2.81 by ($0.62). Marriott Vacations Worldwide had a return on equity of 17.65% and a net margin of 7.81%. The company had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.24 billion. During the same quarter last year, the firm posted $2.87 earnings per share. The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. On average, equities research 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 announced 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 (DPR) is currently 32.58%.

Wall Street Analyst Weigh In

A number of brokerages have commented on VAC. Truist Financial decreased their price objective on Marriott Vacations Worldwide from $223.00 to $219.00 in a research report on Tuesday, May 16th. Barclays decreased their price objective on Marriott Vacations Worldwide from $174.00 to $131.00 and set an “overweight” rating for the company in a research report on Friday, August 4th. Finally, StockNews.com began coverage on Marriott Vacations Worldwide in a research report on Thursday, May 18th. They set a “hold” rating for the company. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Marriott Vacations Worldwide currently has an average rating of “Moderate Buy” and an average target price of $186.00.

View Our Latest Stock Report on VAC

Institutional Investors Weigh In On Marriott Vacations Worldwide

Several institutional investors and hedge funds have recently added to or reduced their stakes in VAC. Raymond James & Associates lifted its holdings in Marriott Vacations Worldwide by 6.0% in the 1st quarter. Raymond James & Associates now owns 2,004 shares of the company’s stock worth $316,000 after purchasing an additional 113 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its position in Marriott Vacations Worldwide by 5.6% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 4,483 shares of the company’s stock worth $707,000 after buying an additional 238 shares during the period. Acadian Asset Management LLC bought a new position in Marriott Vacations Worldwide in the 1st quarter worth approximately $55,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Marriott Vacations Worldwide by 10.5% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 15,611 shares of the company’s stock worth $2,462,000 after buying an additional 1,489 shares during the period. Finally, Great West Life Assurance Co. Can increased its position in Marriott Vacations Worldwide by 8.2% in the 1st quarter. Great West Life Assurance Co. Can now owns 23,651 shares of the company’s stock worth $3,832,000 after buying an additional 1,801 shares during the period. 83.91% of the stock is currently owned by institutional investors and hedge funds.

Marriott Vacations Worldwide Company Profile

(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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