Northern Trust Corp Buys 6,182 Shares of Marriott Vacations Worldwide Corporation $VAC

Northern Trust Corp raised its holdings in shares of Marriott Vacations Worldwide Corporation (NYSE:VAC - Free Report) by 1.9% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 329,952 shares of the company's stock after purchasing an additional 6,182 shares during the period. Northern Trust Corp owned 0.95% of Marriott Vacations Worldwide worth $21,196,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in VAC. Point72 Asset Management L.P. acquired a new position in Marriott Vacations Worldwide during the 4th quarter valued at about $37,974,000. Ananym Capital Management LP bought a new stake in shares of Marriott Vacations Worldwide in the 4th quarter valued at about $21,987,000. Nuveen LLC bought a new stake in shares of Marriott Vacations Worldwide in the 1st quarter valued at about $4,493,000. Dimensional Fund Advisors LP increased its stake in shares of Marriott Vacations Worldwide by 2.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,931,782 shares of the company's stock valued at $124,101,000 after acquiring an additional 48,585 shares during the last quarter. Finally, Allianz Asset Management GmbH increased its stake in shares of Marriott Vacations Worldwide by 109.3% in the 1st quarter. Allianz Asset Management GmbH now owns 75,676 shares of the company's stock valued at $4,861,000 after acquiring an additional 39,522 shares during the last quarter. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Marriott Vacations Worldwide

In other Marriott Vacations Worldwide news, Director Christian Asmar purchased 412,449 shares of the firm's stock in a transaction dated Tuesday, June 17th. The stock was bought at an average cost of $67.61 per share, with a total value of $27,885,676.89. Following the purchase, 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 ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 1.60% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have recently commented on VAC. Truist Financial lowered their price target 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. 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 research note on Monday, May 12th. Mizuho lowered their price target on Marriott Vacations Worldwide from $112.00 to $105.00 and set an "outperform" rating for the company in a research note on Friday, May 9th. The Goldman Sachs Group upped their price target on Marriott Vacations Worldwide from $55.00 to $65.00 and gave the company a "sell" rating in a research note on Wednesday, August 6th. Finally, Morgan Stanley reaffirmed an "underweight" rating on shares of Marriott Vacations Worldwide in a research note on Tuesday, July 15th. Four investment analysts have rated the stock with a Buy rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $90.50.

Marriott Vacations Worldwide Stock Up 1.4%

NYSE VAC traded up $1.12 during trading hours on Thursday, reaching $78.85. 322,680 shares of the company's stock were exchanged, compared to its average volume of 543,574. The company has a market capitalization of $2.73 billion, a price-to-earnings ratio of 11.86, a price-to-earnings-growth ratio of 1.13 and a beta of 1.48. Marriott Vacations Worldwide Corporation has a one year low of $49.22 and a one year high of $100.32. The company's 50-day moving average is $77.72 and its two-hundred day moving average is $70.04. The company has a debt-to-equity ratio of 2.17, a quick ratio of 2.90 and a current ratio of 3.55.

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 for the quarter, topping the consensus estimate of $1.72 by $0.24. The company had revenue of $1.25 billion during the quarter, compared to analysts' expectations of $1.22 billion. Marriott Vacations Worldwide had a net margin of 5.10% and a return on equity of 11.74%. The business's quarterly revenue was up 9.3% on a year-over-year basis. During the same period last year, the business earned $1.10 EPS. Marriott Vacations Worldwide has set its FY 2025 guidance at 6.400-7.100 EPS. On average, 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 will be paid on Wednesday, October 1st. Stockholders of record on Wednesday, September 17th will be paid a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend is Wednesday, September 17th. Marriott Vacations Worldwide's dividend payout ratio (DPR) is currently 47.52%.

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.