Strs Ohio Buys Shares of 19,656 Marriott Vacations Worldwide Corporation $VAC

Key Points

• Strs Ohio has acquired a new position in Marriott Vacations Worldwide by purchasing 19,656 shares valued at approximately $1.26 million.
• Marriott Vacations Worldwide reported $1.96 earnings per share for the latest quarter, exceeding analysts' estimates, and has set its FY 2025 guidance at $6.400-7.100 EPS.
• The company recently declared a quarterly dividend of $0.79 per share, with an expected annualized dividend yield of 4.1%.

Strs Ohio bought a new position in Marriott Vacations Worldwide Corporation (NYSE:VAC - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 19,656 shares of the company's stock, valued at approximately $1,263,000. Strs Ohio owned approximately 0.06% of Marriott Vacations Worldwide at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Fuller & Thaler Asset Management Inc. lifted its holdings in shares of Marriott Vacations Worldwide by 32.2% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 1,822,687 shares of the company's stock worth $117,089,000 after purchasing an additional 444,126 shares during the last quarter. Ananym Capital Management LP bought a new stake in Marriott Vacations Worldwide during the 4th quarter valued at $21,987,000. Long Pond Capital LP bought a new stake in Marriott Vacations Worldwide during the 1st quarter valued at $11,569,000. Hotchkis & Wiley Capital Management LLC raised its stake in Marriott Vacations Worldwide by 8.1% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 1,139,334 shares of the company's stock valued at $73,191,000 after acquiring an additional 85,230 shares in the last quarter. Finally, Nuveen LLC bought a new stake in Marriott Vacations Worldwide during the 1st quarter valued at $4,493,000. Institutional investors and hedge funds own 89.52% of the company's stock.

Marriott Vacations Worldwide Price Performance

Shares of NYSE VAC traded up $1.72 during mid-day trading on Thursday, reaching $77.46. The company had a trading volume of 396,744 shares, compared to its average volume of 325,391. The company has a current ratio of 3.55, a quick ratio of 2.90 and a debt-to-equity ratio of 2.17. The stock has a market cap of $2.68 billion, a PE ratio of 11.65, a P/E/G ratio of 1.10 and a beta of 1.48. The company has a 50-day moving average price of $77.64 and a two-hundred day moving average price of $69.58. Marriott Vacations Worldwide Corporation has a 1-year low of $49.22 and a 1-year high of $100.32.

Marriott Vacations Worldwide (NYSE:VAC - Get Free Report) last issued its earnings results on Monday, August 4th. The company reported $1.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.72 by $0.24. The business had revenue of $1.25 billion for the quarter, compared to analysts' expectations of $1.22 billion. Marriott Vacations Worldwide had a return on equity of 11.74% and a net margin of 5.10%.The company's quarterly revenue was up 9.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.10 EPS. Marriott Vacations Worldwide has set its FY 2025 guidance at 6.400-7.100 EPS. On average, equities analysts anticipate that Marriott Vacations Worldwide Corporation will post 6.23 earnings per share for the current year.

Marriott Vacations Worldwide Dividend Announcement

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 issued a dividend of $0.79 per share. The ex-dividend date is Wednesday, September 17th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 4.1%. Marriott Vacations Worldwide's payout ratio is currently 47.52%.

Analysts Set New Price Targets

VAC has been the topic of several recent analyst reports. The Goldman Sachs Group lifted their target price 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. Stifel Nicolaus set a $101.00 price objective on 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. Finally, Truist Financial dropped their price objective 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. Four investment analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price 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.