Neo Ivy Capital Management Buys Shares of 9,520 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 13F filing with the SEC. The firm acquired 9,520 shares of the company's stock, valued at approximately $612,000.

A number of other hedge funds have also recently bought and sold shares of the company. Xponance Inc. raised its holdings in shares of Marriott Vacations Worldwide by 6.2% in the fourth quarter. Xponance Inc. now owns 3,809 shares of the company's stock valued at $342,000 after purchasing an additional 221 shares during the last quarter. KLP Kapitalforvaltning AS bought a new stake in Marriott Vacations Worldwide in the 4th quarter worth about $633,000. Prudential Financial Inc. purchased a new stake in Marriott Vacations Worldwide in the 4th quarter valued at about $1,564,000. Norges Bank purchased a new stake in Marriott Vacations Worldwide in the 4th quarter valued at about $31,677,000. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of Marriott Vacations Worldwide by 45.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 475,938 shares of the company's stock worth $42,739,000 after buying an additional 148,457 shares in the last quarter. 89.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on VAC shares. Mizuho reduced their target price on Marriott Vacations Worldwide from $112.00 to $105.00 and set an "outperform" rating for the company in a report on Friday, May 9th. Barclays reduced their price objective on Marriott Vacations Worldwide from $97.00 to $88.00 and set an "overweight" rating for the company in a research note on Monday, May 12th. The Goldman Sachs Group raised 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. Finally, Morgan Stanley reissued an "underweight" rating on shares of Marriott Vacations Worldwide in a report on Tuesday, July 15th. Two analysts have rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Marriott Vacations Worldwide presently has an average rating of "Hold" and a consensus price target of $92.25.

Insider Buying and Selling

In other Marriott Vacations Worldwide news, Director Christian Asmar bought 412,449 shares of the stock in a transaction on Tuesday, June 17th. The shares were acquired at an average price of $67.61 per share, with a total value of $27,885,676.89. Following the acquisition, the director directly owned 3,708,433 shares of the company's stock, valued at $250,727,155.13. The trade was a 12.51% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.60% of the company's stock.

Marriott Vacations Worldwide Stock Performance

Shares of NYSE VAC traded down $0.50 during trading on Wednesday, reaching $80.88. 46,763 shares of the stock traded hands, compared to its average volume of 562,600. The company has a debt-to-equity ratio of 2.18, a current ratio of 3.16 and a quick ratio of 2.58. The stock has a market capitalization of $2.79 billion, a P/E ratio of 13.80, a price-to-earnings-growth ratio of 1.82 and a beta of 1.48. Marriott Vacations Worldwide Corporation has a 52-week low of $49.22 and a 52-week high of $100.32. The company has a 50-day moving average of $73.44 and a 200-day moving average of $71.78.

Marriott Vacations Worldwide (NYSE:VAC - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported $1.66 EPS for the quarter, beating the consensus estimate of $1.56 by $0.10. The business had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.21 billion. Marriott Vacations Worldwide had a net margin of 4.57% and a return on equity of 10.43%. The company's revenue was up .4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.80 earnings per share. Analysts forecast that Marriott Vacations Worldwide Corporation will post 6.23 EPS for the current fiscal year.

Marriott Vacations Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 23rd were paid a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a dividend yield of 3.91%. The ex-dividend date of this dividend was Friday, May 23rd. Marriott Vacations Worldwide's payout ratio is currently 53.92%.

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.