Ancora Advisors LLC Invests $1.06 Million 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 bought a new position in shares of Marriott Vacations Worldwide Corporation (NYSE:VAC - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm bought 16,490 shares of the company's stock, valued at approximately $1,059,000.

A number of other hedge funds have also made changes to their positions in the company. Dimensional Fund Advisors LP increased its position in shares of Marriott Vacations Worldwide by 2.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,931,782 shares of the company's stock worth $124,101,000 after purchasing an additional 48,585 shares in the last quarter. Fuller & Thaler Asset Management Inc. increased its holdings in shares of Marriott Vacations Worldwide by 32.2% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 1,822,687 shares of the company's stock worth $117,089,000 after buying an additional 444,126 shares in the last quarter. Hotchkis & Wiley Capital Management LLC increased its holdings in shares of Marriott Vacations Worldwide by 8.1% during the first quarter. Hotchkis & Wiley Capital Management LLC now owns 1,139,334 shares of the company's stock worth $73,191,000 after buying an additional 85,230 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its holdings in Marriott Vacations Worldwide by 2.8% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 800,315 shares of the company's stock valued at $51,413,000 after purchasing an additional 21,631 shares in the last quarter. Finally, Ananym Capital Management LP increased its holdings in Marriott Vacations Worldwide by 75.1% during the 1st quarter. Ananym Capital Management LP now owns 428,647 shares of the company's stock valued at $27,536,000 after purchasing an additional 183,805 shares in the last quarter. Institutional investors and hedge funds own 89.52% of the company's stock.

Marriott Vacations Worldwide Trading Down 1.5%

VAC stock traded down $1.17 during midday trading on Wednesday, reaching $77.12. The stock had a trading volume of 52,777 shares, compared to its average volume of 537,526. The business has a fifty day simple moving average of $78.09 and a two-hundred day simple moving average of $69.66. The company has a quick ratio of 2.90, a current ratio of 3.55 and a debt-to-equity ratio of 2.17. The firm has a market cap of $2.67 billion, a price-to-earnings ratio of 11.59, a PEG ratio of 1.14 and a beta of 1.48. Marriott Vacations Worldwide Corporation has a twelve month low of $49.22 and a twelve month high of $100.32.

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

Marriott Vacations Worldwide Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Wednesday, September 17th will be issued a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend is Wednesday, September 17th. Marriott Vacations Worldwide's payout ratio is currently 47.52%.

Insider Buying and Selling

In related news, Director Christian Asmar acquired 337,551 shares of the firm's stock in a transaction that occurred on Wednesday, June 18th. The stock was acquired at an average cost of $68.11 per share, with a total value of $22,990,598.61. Following the completion of the purchase, the director directly owned 4,045,984 shares in the company, valued at approximately $275,571,970.24. This trade represents a 9.10% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.60% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on VAC. Stifel Nicolaus set a $101.00 price target on Marriott Vacations Worldwide and gave the company a "buy" rating in a report on Tuesday, August 5th. Truist Financial lowered their target price on 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 restated an "underweight" rating on shares of Marriott Vacations Worldwide in a research report on Tuesday, July 15th. Finally, The Goldman Sachs Group raised their price objective on shares of Marriott Vacations Worldwide from $55.00 to $65.00 and gave the company a "sell" rating in a research report on Wednesday, August 6th. Four research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Marriott Vacations Worldwide presently has a consensus rating of "Hold" and a consensus target price of $90.50.

About Marriott Vacations Worldwide

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.