Ancora Advisors LLC Takes Position in Marriott Vacations Worldwide Corporation $VAC

Key Points

• Ancora Advisors LLC has acquired 16,490 shares of Marriott Vacations Worldwide Corporation (NYSE: VAC) in the 1st quarter, valued at approximately $1,059,000.
• The company's quarterly earnings exceeded expectations, reporting $1.96 EPS against a consensus of $1.72, with revenues of $1.25 billion.
• Marriott Vacations Worldwide announced a quarterly dividend of $0.79 per share, with an annualized yield of 4.0%, to be paid on October 1st.

Ancora Advisors LLC purchased a new stake in Marriott Vacations Worldwide Corporation (NYSE:VAC - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 16,490 shares of the company's stock, valued at approximately $1,059,000.

A number of other large investors have also recently modified their holdings of VAC. Northern Trust Corp boosted its holdings in shares of Marriott Vacations Worldwide by 32.1% in the fourth quarter. Northern Trust Corp now owns 323,770 shares of the company's stock valued at $29,075,000 after purchasing an additional 78,618 shares during the period. Mercer Global Advisors Inc. ADV purchased a new stake in shares of Marriott Vacations Worldwide in the fourth quarter valued at approximately $302,000. AXA S.A. boosted its holdings in shares of Marriott Vacations Worldwide by 2.5% in the fourth quarter. AXA S.A. now owns 41,189 shares of the company's stock valued at $3,699,000 after purchasing an additional 989 shares during the period. Algert Global LLC purchased a new stake in shares of Marriott Vacations Worldwide in the fourth quarter valued at approximately $244,000. Finally, Captrust Financial Advisors purchased a new stake in shares of Marriott Vacations Worldwide in the fourth quarter valued at approximately $440,000. Hedge funds and other institutional investors own 89.52% of the company's stock.

Analysts Set New Price Targets

VAC has been the subject of a number of research reports. Barclays lowered their price target on Marriott Vacations Worldwide from $97.00 to $88.00 and set an "overweight" rating for the company in a report on Monday, May 12th. The Goldman Sachs Group boosted their price target on Marriott Vacations Worldwide from $55.00 to $65.00 and gave the company a "sell" rating in a report on Wednesday, August 6th. Truist Financial reduced their price objective on shares of Marriott Vacations Worldwide from $128.00 to $127.00 and set a "buy" rating for the company in a research note on Thursday, August 21st. Morgan Stanley reissued an "underweight" rating on shares of Marriott Vacations Worldwide in a research note on Tuesday, July 15th. Finally, Stifel Nicolaus set a $101.00 price objective on shares of Marriott Vacations Worldwide and gave the stock a "buy" rating in a research note on Tuesday, August 5th. Four analysts have rated the stock with a Buy rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $90.50.

Marriott Vacations Worldwide Stock Down 0.0%

Shares of VAC stock traded down $0.04 during trading hours on Friday, reaching $78.78. 338,348 shares of the company's stock were exchanged, compared to its average volume of 318,706. The stock's 50 day moving average is $77.93 and its 200-day moving average is $69.65. The company has a market cap of $2.73 billion, a price-to-earnings ratio of 11.85, a P/E/G ratio of 1.15 and a beta of 1.48. The company has a current ratio of 3.55, a quick ratio of 2.90 and a debt-to-equity ratio of 2.17. Marriott Vacations Worldwide Corporation has a fifty-two week low of $49.22 and a fifty-two week high of $100.32.

Marriott Vacations Worldwide (NYSE:VAC - Get Free Report) last issued its quarterly earnings results on Monday, August 4th. The company reported $1.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.72 by $0.24. The business had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.22 billion. Marriott Vacations Worldwide had a return on equity of 11.74% and a net margin of 5.10%.The business's quarterly revenue was up 9.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.10 earnings per share. Marriott Vacations Worldwide has set its FY 2025 guidance at 6.400-7.100 EPS. Analysts predict that Marriott Vacations Worldwide Corporation will post 6.23 earnings per share for the current fiscal year.

Marriott Vacations Worldwide Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Wednesday, September 17th will be given a dividend of $0.79 per share. The ex-dividend date of this dividend is Wednesday, September 17th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 4.0%. Marriott Vacations Worldwide's dividend payout ratio is presently 47.52%.

Insider Activity

In other Marriott Vacations Worldwide news, Director Christian Asmar purchased 412,449 shares of Marriott Vacations Worldwide stock in a transaction dated Tuesday, June 17th. The shares were acquired at an average cost of $67.61 per share, with a total value of $27,885,676.89. Following the completion of the transaction, the director owned 3,708,433 shares in the company, valued at approximately $250,727,155.13. This trade represents a 12.51% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 1.60% 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.