Verity Asset Management Inc. Buys New Stake in Marriott Vacations Worldwide Corporation (NYSE:VAC)

Verity Asset Management Inc. bought a new stake in shares of Marriott Vacations Worldwide Corporation (NYSE:VAC - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 3,551 shares of the company's stock, valued at approximately $228,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Versor Investments LP bought a new stake in Marriott Vacations Worldwide in the fourth quarter worth $337,000. Charles Schwab Investment Management Inc. boosted its stake in Marriott Vacations Worldwide by 2.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 255,947 shares of the company's stock worth $22,984,000 after purchasing an additional 6,516 shares in the last quarter. Atria Investments Inc purchased a new stake in Marriott Vacations Worldwide during the 4th quarter valued at about $232,000. M&T Bank Corp purchased a new stake in Marriott Vacations Worldwide during the 4th quarter valued at about $265,000. Finally, New South Capital Management Inc. increased its stake in Marriott Vacations Worldwide by 1.0% during the 4th quarter. New South Capital Management Inc. now owns 367,974 shares of the company's stock valued at $33,044,000 after purchasing an additional 3,580 shares in the last quarter. 89.52% of the stock is owned by institutional investors.

Insider Activity at Marriott Vacations Worldwide

In related news, Director Christian Asmar acquired 337,551 shares of the stock in a transaction that occurred on Wednesday, June 18th. The stock was purchased at an average price of $68.11 per share, with a total value of $22,990,598.61. Following the transaction, the director owned 4,045,984 shares of the company's stock, valued at approximately $275,571,970.24. This trade represents a 9.10% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.60% of the company's stock.

Marriott Vacations Worldwide Price Performance

Shares of Marriott Vacations Worldwide stock traded up $3.05 during trading hours on Wednesday, reaching $79.28. The stock had a trading volume of 739,899 shares, compared to its average volume of 484,584. The company has a current ratio of 3.16, a quick ratio of 2.58 and a debt-to-equity ratio of 2.18. The firm has a market capitalization of $2.74 billion, a PE ratio of 13.53, a PEG ratio of 1.67 and a beta of 1.48. The stock's 50 day moving average is $65.86 and its 200 day moving average is $72.85. Marriott Vacations Worldwide Corporation has a twelve month low of $49.22 and a twelve month high of $100.32.

Marriott Vacations Worldwide (NYSE:VAC - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.56 by $0.10. The company had revenue of $1.20 billion during the quarter, compared to analysts' expectations of $1.21 billion. Marriott Vacations Worldwide had a return on equity of 10.43% and a net margin of 4.57%. The firm's quarterly revenue was up .4% on a year-over-year basis. During the same period in the prior year, the business earned $1.80 EPS. Equities analysts expect that Marriott Vacations Worldwide Corporation will post 6.23 earnings per share for the current fiscal year.

Marriott Vacations Worldwide Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 23rd were issued a dividend of $0.79 per share. The ex-dividend date was Friday, May 23rd. This represents a $3.16 dividend on an annualized basis and a dividend yield of 3.99%. Marriott Vacations Worldwide's dividend payout ratio is currently 53.92%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Mizuho dropped their target price on shares of Marriott Vacations Worldwide from $112.00 to $105.00 and set an "outperform" rating on the stock in a research note on Friday, May 9th. Barclays cut their target price 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. The Goldman Sachs Group raised their price target on Marriott Vacations Worldwide from $48.00 to $55.00 and gave the stock a "sell" rating in a research note on Friday, May 9th. Morgan Stanley upgraded Marriott Vacations Worldwide from an "underweight" rating to an "equal weight" rating and cut their price target for the company from $67.00 to $57.00 in a research note on Tuesday, April 22nd. Finally, Truist Financial lowered their price target on Marriott Vacations Worldwide from $142.00 to $140.00 and set a "buy" rating on the stock in a report on Friday, March 7th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $92.25.

Marriott Vacations Worldwide Company 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.