Marriott Vacations Worldwide Corp (NYSE:VAC) CEO Stephen P. Weisz purchased 3,500 shares of the firm’s stock in a transaction on Thursday, June 28th. The shares were purchased at an average cost of $108.43 per share, with a total value of $379,505.00. Following the completion of the transaction, the chief executive officer now owns 180,017 shares of the company’s stock, valued at approximately $19,519,243.31. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Shares of Marriott Vacations Worldwide stock traded up $4.29 during midday trading on Friday, hitting $112.96. The company had a trading volume of 856,445 shares, compared to its average volume of 325,036. The firm has a market capitalization of $2.89 billion, a P/E ratio of 18.23 and a beta of 1.33. The company has a quick ratio of 3.83, a current ratio of 5.59 and a debt-to-equity ratio of 0.95. Marriott Vacations Worldwide Corp has a 12-month low of $107.17 and a 12-month high of $154.14.
Marriott Vacations Worldwide (NYSE:VAC) last announced its quarterly earnings data on Thursday, May 3rd. The company reported $1.39 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.50 by ($0.11). The company had revenue of $570.80 million during the quarter, compared to analysts’ expectations of $519.37 million. Marriott Vacations Worldwide had a net margin of 11.25% and a return on equity of 16.31%. The business’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.22 earnings per share. research analysts anticipate that Marriott Vacations Worldwide Corp will post 7.09 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 11th. Investors of record on Monday, May 28th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.42%. The ex-dividend date was Thursday, May 24th. Marriott Vacations Worldwide’s payout ratio is currently 27.68%.
Several institutional investors have recently made changes to their positions in VAC. Teacher Retirement System of Texas raised its position in shares of Marriott Vacations Worldwide by 315.3% in the 4th quarter. Teacher Retirement System of Texas now owns 7,903 shares of the company’s stock valued at $1,069,000 after purchasing an additional 6,000 shares during the last quarter. California Public Employees Retirement System raised its position in shares of Marriott Vacations Worldwide by 2.6% in the 4th quarter. California Public Employees Retirement System now owns 75,626 shares of the company’s stock valued at $10,225,000 after purchasing an additional 1,911 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its position in shares of Marriott Vacations Worldwide by 14.3% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 3,893 shares of the company’s stock valued at $527,000 after purchasing an additional 488 shares during the last quarter. Rhumbline Advisers increased its holdings in Marriott Vacations Worldwide by 14.2% in the 4th quarter. Rhumbline Advisers now owns 59,826 shares of the company’s stock worth $8,089,000 after buying an additional 7,436 shares during the period. Finally, BlackRock Inc. increased its holdings in Marriott Vacations Worldwide by 0.5% in the 4th quarter. BlackRock Inc. now owns 2,879,448 shares of the company’s stock worth $389,331,000 after buying an additional 14,786 shares during the period. 72.72% of the stock is owned by hedge funds and other institutional investors.
Several analysts have commented on VAC shares. Deutsche Bank decreased their price target on shares of Marriott Vacations Worldwide from $139.00 to $130.00 and set a “hold” rating for the company in a research report on Friday, May 4th. Janney Montgomery Scott reissued a “buy” rating and set a $122.61 price target on shares of Marriott Vacations Worldwide in a research report on Tuesday, May 1st. Credit Suisse Group started coverage on shares of Marriott Vacations Worldwide in a research report on Friday, May 18th. They set an “outperform” rating and a $146.00 price target for the company. ValuEngine lowered shares of Marriott Vacations Worldwide from a “hold” rating to a “sell” rating in a research report on Tuesday. Finally, SunTrust Banks raised shares of Marriott Vacations Worldwide from a “hold” rating to a “buy” rating in a research report on Monday, April 30th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company. Marriott Vacations Worldwide currently has a consensus rating of “Hold” and a consensus target price of $139.40.
Marriott Vacations Worldwide Company Profile
Marriott Vacations Worldwide Corporation develops, markets, sells, and manages vacation ownership and related products under the Marriott Vacation Club, Grand Residences by Marriott, and Marriott Vacation Club Pulse brands. It operates through three segments: North America, Asia Pacific, and Europe. The company also develops, markets, and sells vacation ownership and related products under The Ritz-Carlton Destination Club brand; and holds right to develop, market, and sell ownership residential products under The Ritz-Carlton Residences brand.
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