Jason P. Marino Buys 700 Shares of Marriott Vacations Worldwide Co. (NYSE:VAC) Stock

Marriott Vacations Worldwide Co. (NYSE:VAC) insider Jason P. Marino acquired 700 shares of the stock in a transaction that occurred on Wednesday, September 11th. The shares were bought at an average price of $69.00 per share, with a total value of $48,300.00. Following the completion of the transaction, the insider now owns 15,851 shares in the company, valued at $1,093,719. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Marriott Vacations Worldwide Price Performance

Shares of VAC opened at $69.21 on Thursday. The business has a 50-day moving average of $77.73 and a 200-day moving average of $89.04. The company has a debt-to-equity ratio of 2.21, a current ratio of 3.28 and a quick ratio of 2.72. The company has a market capitalization of $2.43 billion, a price-to-earnings ratio of 12.79, a price-to-earnings-growth ratio of 0.66 and a beta of 1.81. Marriott Vacations Worldwide Co. has a 1 year low of $67.28 and a 1 year high of $108.57.

Marriott Vacations Worldwide (NYSE:VAC) last released 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 firm had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.21 billion. Marriott Vacations Worldwide had a net margin of 3.41% and a return on equity of 9.89%. The business’s revenue for the quarter was down 3.2% compared to the same quarter last year. During the same period in the prior year, the company posted $2.19 EPS. As a group, equities research 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 paid a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 4.39%. The ex-dividend date of this dividend is Thursday, September 19th. Marriott Vacations Worldwide’s dividend payout ratio is presently 56.19%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. StockNews.com cut shares of Marriott Vacations Worldwide from a “hold” rating to a “sell” rating in a research note on Friday, July 19th. Barclays reduced their price objective on Marriott Vacations Worldwide from $106.00 to $82.00 and set an “equal weight” rating on the stock in a research report on Friday, August 2nd. Stifel Nicolaus dropped their target price on Marriott Vacations Worldwide from $117.00 to $108.00 and set a “buy” rating for the company in a research report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft cut their price target on Marriott Vacations Worldwide from $121.00 to $95.00 and set a “buy” rating on the stock in a research note on Tuesday, August 6th. Finally, Mizuho lowered their price objective on Marriott Vacations Worldwide from $128.00 to $126.00 and set a “buy” rating for the company in a research note on Friday, June 14th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $102.67.

Institutional Trading of Marriott Vacations Worldwide

A number of institutional investors have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC raised its position in shares of Marriott Vacations Worldwide by 615.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 286 shares of the company’s stock worth $31,000 after acquiring an additional 246 shares in the last quarter. Quarry LP grew its stake in Marriott Vacations Worldwide by 368.4% during the second quarter. Quarry LP now owns 445 shares of the company’s stock worth $39,000 after purchasing an additional 350 shares during the period. Fidelis Capital Partners LLC acquired a new stake in Marriott Vacations Worldwide during the first quarter worth approximately $41,000. Quadrant Capital Group LLC increased its holdings in Marriott Vacations Worldwide by 20.9% in the fourth quarter. Quadrant Capital Group LLC now owns 1,013 shares of the company’s stock worth $86,000 after purchasing an additional 175 shares in the last quarter. Finally, Innealta Capital LLC acquired a new position in Marriott Vacations Worldwide in the second quarter valued at approximately $90,000. Institutional investors 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.