Neo Ivy Capital Management Purchases New Position in Marriott Vacations Worldwide Corporation (NYSE:VAC)

Key Points

• Neo Ivy Capital Management has acquired a new stake in Marriott Vacations Worldwide by purchasing 9,520 shares valued at approximately $612,000.
• In recent trading, the company's share price reached $84.16 with a 1-year low of $49.22 and a high of $100.32.
• Marriott Vacations Worldwide has announced a quarterly dividend of $0.79 per share, representing an annualized yield of 3.75%.

Neo Ivy Capital Management acquired a new stake in shares of Marriott Vacations Worldwide Corporation (NYSE:VAC - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 9,520 shares of the company's stock, valued at approximately $612,000.

Several other institutional investors also recently bought and sold shares of the business. Y Intercept Hong Kong Ltd purchased a new position in Marriott Vacations Worldwide during the first quarter valued at approximately $406,000. Allianz Asset Management GmbH increased its holdings in Marriott Vacations Worldwide by 109.3% during the first quarter. Allianz Asset Management GmbH now owns 75,676 shares of the company's stock valued at $4,861,000 after buying an additional 39,522 shares during the period. Envestnet Asset Management Inc. increased its holdings in Marriott Vacations Worldwide by 8.0% during the first quarter. Envestnet Asset Management Inc. now owns 5,993 shares of the company's stock valued at $385,000 after buying an additional 443 shares during the period. Teacher Retirement System of Texas purchased a new position in Marriott Vacations Worldwide during the first quarter valued at approximately $279,000. Finally, Verity Asset Management Inc. purchased a new position in Marriott Vacations Worldwide during the first quarter valued at approximately $228,000. 89.52% of the stock is owned by hedge funds and other institutional investors.

Marriott Vacations Worldwide Stock Performance

Shares of NYSE VAC traded down $1.47 during trading on Monday, reaching $82.72. 402,811 shares of the company traded hands, compared to its average volume of 567,699. The firm's fifty day simple moving average is $72.97 and its 200 day simple moving average is $71.72. The stock has a market cap of $2.86 billion, a P/E ratio of 14.12, a PEG ratio of 1.85 and a beta of 1.48. Marriott Vacations Worldwide Corporation has a 12-month low of $49.22 and a 12-month high of $100.32. The company has a current ratio of 3.16, a quick ratio of 2.58 and a debt-to-equity ratio of 2.18.

Marriott Vacations Worldwide (NYSE:VAC - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported $1.66 earnings per share for the quarter, beating analysts' consensus estimates of $1.56 by $0.10. The business had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.21 billion. Marriott Vacations Worldwide had a return on equity of 10.43% and a net margin of 4.57%. The company's revenue was up .4% on a year-over-year basis. During the same quarter last year, the business posted $1.80 EPS. As a group, research analysts anticipate that Marriott Vacations Worldwide Corporation will post 6.23 earnings per share for the current fiscal year.

Marriott Vacations Worldwide Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 23rd were paid a dividend of $0.79 per share. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $3.16 dividend on an annualized basis and a dividend yield of 3.82%. Marriott Vacations Worldwide's payout ratio is currently 53.92%.

Insider Buying and Selling at Marriott Vacations Worldwide

In related news, Director Christian Asmar acquired 412,449 shares of Marriott Vacations Worldwide stock in a transaction on Tuesday, June 17th. The stock was acquired at an average price of $67.61 per share, for a total transaction of $27,885,676.89. Following the purchase, the director owned 3,708,433 shares of the company's stock, valued at approximately $250,727,155.13. This represents a 12.51% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.60% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Morgan Stanley reiterated an "underweight" rating on shares of Marriott Vacations Worldwide in a report on Tuesday, July 15th. The Goldman Sachs Group upped their target price on Marriott Vacations Worldwide from $48.00 to $55.00 and gave the company a "sell" rating in a research report on Friday, May 9th. Mizuho cut their target price on Marriott Vacations Worldwide from $112.00 to $105.00 and set an "outperform" rating on the stock in a research report on Friday, May 9th. Finally, Barclays cut their target price on Marriott Vacations Worldwide from $97.00 to $88.00 and set an "overweight" rating on the stock in a research report on Monday, May 12th. Two analysts have rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $92.25.

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.