9,651 Shares in Marriott Vacations Worldwide Co. (NYSE:VAC) Bought by XTX Topco Ltd

XTX Topco Ltd acquired a new stake in Marriott Vacations Worldwide Co. (NYSE:VAC) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 9,651 shares of the company’s stock, valued at approximately $843,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Impactive Capital LP acquired a new stake in Marriott Vacations Worldwide during the first quarter valued at $123,613,000. Burgundy Asset Management Ltd. raised its holdings in Marriott Vacations Worldwide by 55.0% in the 4th quarter. Burgundy Asset Management Ltd. now owns 1,064,068 shares of the company’s stock worth $90,329,000 after purchasing an additional 377,766 shares during the period. Norges Bank purchased a new position in Marriott Vacations Worldwide during the fourth quarter worth approximately $31,220,000. Capital World Investors purchased a new stake in shares of Marriott Vacations Worldwide in the fourth quarter valued at approximately $210,000. Finally, GRS Advisors LLC raised its stake in shares of Marriott Vacations Worldwide by 2,050.8% during the 4th quarter. GRS Advisors LLC now owns 242,288 shares of the company’s stock worth $20,568,000 after buying an additional 231,023 shares during the period. 89.52% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Mizuho cut their price target on shares of Marriott Vacations Worldwide from $128.00 to $126.00 and set a “buy” rating for the company in a report on Friday, June 14th. Deutsche Bank Aktiengesellschaft cut their price objective on Marriott Vacations Worldwide from $121.00 to $95.00 and set a “buy” rating for the company in a research note on Tuesday, August 6th. The Goldman Sachs Group began coverage on Marriott Vacations Worldwide in a research note on Wednesday, September 18th. They issued a “sell” rating and a $62.00 price target on the stock. JMP Securities lowered their target price on shares of Marriott Vacations Worldwide from $115.00 to $90.00 and set a “market outperform” rating on the stock in a research note on Friday, August 2nd. Finally, StockNews.com lowered shares of Marriott Vacations Worldwide from a “hold” rating to a “sell” rating in a report on Friday, July 19th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $97.45.

Insider Transactions at Marriott Vacations Worldwide

In other news, insider Jason P. Marino purchased 700 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The stock was bought at an average price of $69.00 per share, for a total transaction of $48,300.00. Following the completion of the purchase, the insider now directly owns 15,851 shares of the company’s stock, valued at $1,093,719. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.70% of the company’s stock.

Marriott Vacations Worldwide Trading Down 0.1 %

Shares of NYSE VAC opened at $74.49 on Monday. The stock has a fifty day simple moving average of $76.19 and a 200-day simple moving average of $88.00. Marriott Vacations Worldwide Co. has a twelve month low of $67.28 and a twelve month high of $108.57. 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 stock has a market capitalization of $2.62 billion, a PE ratio of 13.77, a PEG ratio of 0.64 and a beta of 1.81.

Marriott Vacations Worldwide (NYSE:VAC) last announced its quarterly earnings data 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). Marriott Vacations Worldwide had a net margin of 3.41% and a return on equity of 9.89%. The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.21 billion. During the same quarter last year, the firm posted $2.19 EPS. The company’s revenue for the quarter was down 3.2% on a year-over-year basis. On average, equities analysts forecast that Marriott Vacations Worldwide Co. will post 6.12 earnings per share for the current year.

Marriott Vacations Worldwide Announces Dividend

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

Marriott Vacations Worldwide 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.