Petrus Trust Company LTA Acquires Shares of 5,972 Marriott Vacations Worldwide Corporation $VAC

Key Points

• Petrus Trust Company LTA acquired 5,972 shares of Marriott Vacations Worldwide Corporation (NYSE: VAC) during the first quarter, valued at approximately $384,000.
• The company's recent quarterly earnings report showed a profit of $1.96 per share, exceeding analyst estimates, with a revenue of $1.25 billion for the quarter.
• Marriott Vacations Worldwide announced a quarterly dividend of $0.79 per share, representing an annualized yield of 4.0%.

Petrus Trust Company LTA acquired a new stake in 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 5,972 shares of the company's stock, valued at approximately $384,000.

Several other institutional investors also recently bought and sold shares of VAC. Fuller & Thaler Asset Management Inc. grew its holdings in Marriott Vacations Worldwide by 32.2% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 1,822,687 shares of the company's stock valued at $117,089,000 after purchasing an additional 444,126 shares during the period. Point72 Asset Management L.P. acquired a new stake in Marriott Vacations Worldwide in the fourth quarter valued at approximately $37,974,000. Ananym Capital Management LP acquired a new stake in Marriott Vacations Worldwide in the fourth quarter valued at approximately $21,987,000. Long Pond Capital LP acquired a new stake in Marriott Vacations Worldwide in the first quarter valued at approximately $11,569,000. Finally, Hotchkis & Wiley Capital Management LLC grew its holdings in Marriott Vacations Worldwide by 8.1% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 1,139,334 shares of the company's stock valued at $73,191,000 after purchasing an additional 85,230 shares during the period. 89.52% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Christian Asmar acquired 412,449 shares of the stock in a transaction on Tuesday, June 17th. The shares were bought at an average price of $67.61 per share, with a total value of $27,885,676.89. Following the completion of 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.60% of the company's stock.

Marriott Vacations Worldwide Stock Performance

NYSE VAC opened at $78.78 on Monday. The stock's fifty day moving average is $77.93 and its two-hundred day moving average is $69.65. The firm has a market capitalization of $2.73 billion, a P/E ratio of 11.85, a price-to-earnings-growth ratio of 1.15 and a beta of 1.48. 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 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 released its quarterly earnings data on Monday, August 4th. The company reported $1.96 earnings per share for the quarter, topping analysts' consensus estimates of $1.72 by $0.24. The company had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.22 billion. Marriott Vacations Worldwide had a return on equity of 11.74% and a net margin of 5.10%.The firm's revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.10 earnings per share. Marriott Vacations Worldwide has set its FY 2025 guidance at 6.400-7.100 EPS. On average, research analysts anticipate that Marriott Vacations Worldwide Corporation will post 6.23 earnings per share for the current year.

Marriott Vacations Worldwide Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Wednesday, September 17th will be paid 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 yield of 4.0%. Marriott Vacations Worldwide's payout ratio is 47.52%.

Wall Street Analysts Forecast Growth

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

Marriott Vacations Worldwide 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.

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