Strs Ohio Makes New Investment in 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 acquired a new position 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 fund acquired 19,656 shares of the company's stock, valued at approximately $1,263,000. Strs Ohio owned about 0.06% of Marriott Vacations Worldwide as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of VAC. Fuller & Thaler Asset Management Inc. increased its holdings in Marriott Vacations Worldwide by 32.2% during 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 purchased a new stake in Marriott Vacations Worldwide during the 4th quarter worth approximately $21,987,000. Long Pond Capital LP purchased a new stake in Marriott Vacations Worldwide during the 1st quarter worth approximately $11,569,000. Hotchkis & Wiley Capital Management LLC increased its holdings 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 worth $73,191,000 after purchasing an additional 85,230 shares during the last quarter. Finally, Nuveen LLC purchased a new stake in Marriott Vacations Worldwide during the 1st quarter worth approximately $4,493,000. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Marriott Vacations Worldwide Stock Performance

NYSE:VAC traded down $1.09 during midday trading on Friday, reaching $76.27. 1,925,803 shares of the company traded hands, compared to its average volume of 402,061. Marriott Vacations Worldwide Corporation has a twelve month low of $49.22 and a twelve month high of $100.32. The firm has a market capitalization of $2.64 billion, a price-to-earnings ratio of 11.47, a price-to-earnings-growth ratio of 1.10 and a beta of 1.48. The company has a debt-to-equity ratio of 2.17, a current ratio of 3.55 and a quick ratio of 2.90. The company has a fifty day moving average price of $77.49 and a 200 day moving average price of $69.58.

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 (EPS) for the quarter, beating analysts' consensus estimates of $1.72 by $0.24. Marriott Vacations Worldwide had a return on equity of 11.74% and a net margin of 5.10%.The business had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same quarter in the previous year, the firm posted $1.10 EPS. The business's revenue for the quarter was up 9.3% compared to the same quarter last year. Marriott Vacations Worldwide has set its FY 2025 guidance at 6.400-7.100 EPS. On average, analysts expect 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. Shareholders of record on Wednesday, September 17th will be given a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date is Wednesday, September 17th. Marriott Vacations Worldwide's payout ratio is 47.52%.

Wall Street Analyst Weigh In

VAC has been the subject of several research reports. Morgan Stanley reiterated an "underweight" rating on shares of Marriott Vacations Worldwide in a research report on Tuesday, July 15th. The Goldman Sachs Group lifted their target price on Marriott Vacations Worldwide from $55.00 to $65.00 and gave the stock a "sell" rating in a research report on Wednesday, August 6th. Truist Financial decreased their target price on Marriott Vacations Worldwide from $128.00 to $127.00 and set a "buy" rating for the company in a research report on Thursday, August 21st. Finally, Stifel Nicolaus set a $101.00 target price on Marriott Vacations Worldwide and gave the stock a "buy" rating in a research report on Tuesday, August 5th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the stock. According to MarketBeat, Marriott Vacations Worldwide currently has a consensus rating of "Hold" and an average 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.