Marriott Vacations Worldwide (NYSE:VAC) Shares Gap Up Following Insider Buying Activity

Marriott Vacations Worldwide Co. (NYSE:VAC)’s share price gapped up before the market opened on Thursday following insider buying activity. The stock had previously closed at $69.21, but opened at $71.23. Marriott Vacations Worldwide shares last traded at $70.08, with a volume of 18,626 shares traded.

Specifically, insider Jason P. Marino acquired 700 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The stock was purchased at an average cost of $69.00 per share, for a total transaction of $48,300.00. Following the completion of the acquisition, the insider now directly owns 15,851 shares of the company’s stock, valued at approximately $1,093,719. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Wall Street Analyst Weigh In

Several research firms have recently commented on VAC. StockNews.com lowered shares of Marriott Vacations Worldwide from a “hold” rating to a “sell” rating in a report on Friday, July 19th. Deutsche Bank Aktiengesellschaft dropped their target price on Marriott Vacations Worldwide from $121.00 to $95.00 and set a “buy” rating on the stock in a research report on Tuesday, August 6th. Mizuho cut their price target on Marriott Vacations Worldwide from $128.00 to $126.00 and set a “buy” rating on the stock in a report on Friday, June 14th. Stifel Nicolaus decreased their price objective on Marriott Vacations Worldwide from $108.00 to $96.50 and set a “buy” rating for the company in a research note on Friday. Finally, Truist Financial cut their target price on Marriott Vacations Worldwide from $161.00 to $159.00 and set a “buy” rating on the stock in a research note on Friday, July 19th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Marriott Vacations Worldwide presently has an average rating of “Hold” and an average target price of $101.39.

Marriott Vacations Worldwide Stock Up 2.7 %

The company has a market capitalization of $2.57 billion, a price-to-earnings ratio of 13.55, a PEG ratio of 0.64 and a beta of 1.81. The company has a debt-to-equity ratio of 2.21, a quick ratio of 2.72 and a current ratio of 3.28. The business’s 50 day moving average is $77.32 and its 200 day moving average is $88.77.

Marriott Vacations Worldwide (NYSE:VAC) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $1.10 EPS for the quarter, missing the consensus estimate of $1.99 by ($0.89). The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.21 billion. Marriott Vacations Worldwide had a return on equity of 9.89% and a net margin of 3.41%. The company’s quarterly revenue was down 3.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.19 earnings per share. Sell-side analysts anticipate that Marriott Vacations Worldwide Co. will post 6.12 earnings per share for the current year.

Marriott Vacations Worldwide Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 3rd. Investors of record on Thursday, September 19th will be given a $0.76 dividend. The ex-dividend date is Thursday, September 19th. This represents a $3.04 dividend on an annualized basis and a yield of 4.15%. Marriott Vacations Worldwide’s dividend payout ratio is currently 56.19%.

Hedge Funds Weigh In On Marriott Vacations Worldwide

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Charles Schwab Investment Management Inc. lifted its holdings in shares of Marriott Vacations Worldwide by 7.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 453,849 shares of the company’s stock valued at $38,527,000 after buying an additional 33,373 shares during the period. Aigen Investment Management LP grew its stake in shares of Marriott Vacations Worldwide by 53.7% during the 4th quarter. Aigen Investment Management LP now owns 28,672 shares of the company’s stock worth $2,434,000 after purchasing an additional 10,016 shares during the period. Picton Mahoney Asset Management acquired a new stake in shares of Marriott Vacations Worldwide during the 1st quarter worth approximately $4,676,000. Dimensional Fund Advisors LP increased its holdings in shares of Marriott Vacations Worldwide by 5.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,387,206 shares of the company’s stock valued at $117,763,000 after purchasing an additional 66,362 shares in the last quarter. Finally, Harbor Capital Advisors Inc. lifted its stake in shares of Marriott Vacations Worldwide by 335.6% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 25,457 shares of the company’s stock valued at $2,223,000 after purchasing an additional 19,613 shares during the period. Institutional investors and hedge funds own 89.52% of the company’s stock.

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.