Public Employees Retirement System of Ohio Sells 10,716 Shares of Marriott Vacations Worldwide Corporation $VAC

Key Points

• Public Employees Retirement System of Ohio reduced its stake in Marriott Vacations Worldwide by 26.2%, selling 10,716 shares and now holds approximately 30,143 shares, valued at about $2.18 million.
• Marriott Vacations Worldwide reported a quarterly EPS of $1.96, exceeding analysts' expectations, with revenues of $1.25 billion and a net margin of 5.10%.
• The company declared a quarterly dividend of $0.79 per share, resulting in an annualized yield of 4.7% and a payout ratio of 47.52%.

Public Employees Retirement System of Ohio lessened its position in shares of Marriott Vacations Worldwide Corporation (NYSE:VAC - Free Report) by 26.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 30,143 shares of the company's stock after selling 10,716 shares during the period. Public Employees Retirement System of Ohio owned approximately 0.09% of Marriott Vacations Worldwide worth $2,180,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of VAC. Fifth Third Bancorp increased its holdings in Marriott Vacations Worldwide by 136.5% during the 1st quarter. Fifth Third Bancorp now owns 395 shares of the company's stock worth $25,000 after acquiring an additional 228 shares during the period. Investment Advisory Group LLC bought a new stake in Marriott Vacations Worldwide during the 1st quarter worth approximately $31,000. UMB Bank n.a. increased its holdings in Marriott Vacations Worldwide by 194.9% during the 2nd quarter. UMB Bank n.a. now owns 690 shares of the company's stock worth $50,000 after acquiring an additional 456 shares during the period. Caitong International Asset Management Co. Ltd purchased a new position in Marriott Vacations Worldwide in the 1st quarter worth approximately $53,000. Finally, GAMMA Investing LLC grew its stake in Marriott Vacations Worldwide by 356.1% in the 2nd quarter. GAMMA Investing LLC now owns 1,040 shares of the company's stock worth $75,000 after buying an additional 812 shares in the last quarter. Institutional investors own 89.52% of the company's stock.

Marriott Vacations Worldwide Price Performance

Shares of Marriott Vacations Worldwide stock opened at $67.17 on Friday. Marriott Vacations Worldwide Corporation has a 52-week low of $49.22 and a 52-week high of $100.32. The stock has a market capitalization of $2.32 billion, a price-to-earnings ratio of 10.10, a price-to-earnings-growth ratio of 0.96 and a beta of 1.47. The company has a fifty day moving average of $75.41 and a 200-day moving average of $69.63. 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 announced its quarterly earnings data on Monday, August 4th. The company reported $1.96 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.72 by $0.24. Marriott Vacations Worldwide had a net margin of 5.10% and a return on equity of 11.74%. The company had revenue of $1.25 billion during the quarter, compared to analysts' expectations of $1.22 billion. During the same quarter in the prior year, the company earned $1.10 EPS. The firm'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. Equities research analysts expect that Marriott Vacations Worldwide Corporation will post 6.23 EPS for the current year.

Marriott Vacations Worldwide Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Wednesday, September 17th were issued a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date was Wednesday, September 17th. Marriott Vacations Worldwide's dividend payout ratio is currently 47.52%.

Analyst Ratings Changes

VAC has been the subject of a number of research reports. Stifel Nicolaus set a $101.00 price target on shares of Marriott Vacations Worldwide and gave the stock a "buy" rating in a research note on Tuesday, August 5th. Morgan Stanley reissued an "underweight" rating on shares of Marriott Vacations Worldwide in a research note on Tuesday, July 15th. The Goldman Sachs Group boosted their price target on shares of Marriott Vacations Worldwide from $55.00 to $65.00 and gave the stock a "sell" rating in a research note on Wednesday, August 6th. Finally, Truist Financial cut their price target on shares of 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. Four analysts have rated the stock with a Buy rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Marriott Vacations Worldwide has a consensus rating of "Hold" and an average price target 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.

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