MQS Management LLC Buys New Position in Marriott Vacations Worldwide Co. (NYSE:VAC)

MQS Management LLC purchased a new position in Marriott Vacations Worldwide Co. (NYSE:VAC) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 3,303 shares of the company’s stock, valued at approximately $288,000.

Other large investors have also added to or reduced their stakes in the company. Picton Mahoney Asset Management purchased a new stake in shares of Marriott Vacations Worldwide in the 1st quarter worth about $4,676,000. Harbor Capital Advisors Inc. lifted its holdings in Marriott Vacations Worldwide by 335.6% in the second quarter. Harbor Capital Advisors Inc. now owns 25,457 shares of the company’s stock worth $2,223,000 after buying an additional 19,613 shares during the period. Capital World Investors bought a new stake in Marriott Vacations Worldwide during the 4th quarter valued at approximately $210,000. Blueshift Asset Management LLC purchased a new position in shares of Marriott Vacations Worldwide during the 4th quarter worth approximately $252,000. Finally, Vanguard Group Inc. raised its position in shares of Marriott Vacations Worldwide by 4.6% in the 1st quarter. Vanguard Group Inc. now owns 3,266,238 shares of the company’s stock worth $351,872,000 after acquiring an additional 143,074 shares in the last quarter. Institutional investors own 89.52% of the company’s stock.

Insiders Place Their Bets

In other news, insider Jason P. Marino purchased 700 shares of the company’s stock in a transaction dated Wednesday, September 11th. The shares were purchased at an average cost of $69.00 per share, for a total transaction of $48,300.00. Following the purchase, the insider now directly owns 15,851 shares in the company, valued at approximately $1,093,719. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.70% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on VAC shares. Stifel Nicolaus dropped their price target on Marriott Vacations Worldwide from $108.00 to $96.50 and set a “buy” rating on the stock in a research report on Friday, September 13th. Mizuho dropped their target price on shares of Marriott Vacations Worldwide from $128.00 to $126.00 and set a “buy” rating on the stock in a report on Friday, June 14th. Truist Financial decreased their price target on shares of Marriott Vacations Worldwide from $161.00 to $159.00 and set a “buy” rating for the company in a research note on Friday, July 19th. JMP Securities cut their price objective on shares of Marriott Vacations Worldwide from $115.00 to $90.00 and set a “market outperform” rating on the stock in a report on Friday, August 2nd. Finally, Barclays lowered their target price on shares of Marriott Vacations Worldwide from $106.00 to $82.00 and set an “equal weight” rating for the company in a report on Friday, August 2nd. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $97.45.

Marriott Vacations Worldwide Stock Down 0.1 %

Marriott Vacations Worldwide stock opened at $74.49 on Friday. Marriott Vacations Worldwide Co. has a 12 month low of $67.28 and a 12 month high of $108.57. The stock has a fifty day simple moving average of $76.44 and a two-hundred day simple moving average of $88.19. The company has a current ratio of 3.28, a quick ratio of 2.72 and a debt-to-equity ratio of 2.21. The firm has a market cap of $2.62 billion, a price-to-earnings ratio of 13.77, a PEG ratio of 0.64 and a beta of 1.81.

Marriott Vacations Worldwide (NYSE:VAC) last issued its earnings results on Wednesday, July 31st. The company reported $1.10 earnings per share for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.89). The business had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.21 billion. Marriott Vacations Worldwide had a return on equity of 9.89% and a net margin of 3.41%. Marriott Vacations Worldwide’s quarterly revenue was down 3.2% compared to the same quarter last year. During the same period last year, the firm posted $2.19 EPS. Equities analysts predict that Marriott Vacations Worldwide Co. will post 6.12 EPS for the current fiscal year.

Marriott Vacations Worldwide Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 3rd. Investors of record on Thursday, September 19th will be issued a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 4.08%. The ex-dividend date of this dividend is Thursday, September 19th. Marriott Vacations Worldwide’s dividend payout ratio is currently 56.19%.

About Marriott Vacations Worldwide

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.