Verity Asset Management Inc. Invests $228,000 in Marriott Vacations Worldwide Corporation (NYSE:VAC)

Verity Asset Management Inc. purchased 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 Securities and Exchange Commission (SEC). The fund purchased 3,551 shares of the company's stock, valued at approximately $228,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP increased its holdings in Marriott Vacations Worldwide by 6.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,883,197 shares of the company's stock valued at $169,110,000 after purchasing an additional 116,854 shares during the period. Fuller & Thaler Asset Management Inc. boosted its holdings in shares of Marriott Vacations Worldwide by 5.7% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 1,378,561 shares of the company's stock worth $123,795,000 after buying an additional 74,956 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its position in shares of Marriott Vacations Worldwide by 0.9% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 778,684 shares of the company's stock worth $69,926,000 after buying an additional 7,046 shares during the period. AQR Capital Management LLC increased its stake in shares of Marriott Vacations Worldwide by 47.2% in the 4th quarter. AQR Capital Management LLC now owns 765,480 shares of the company's stock valued at $68,510,000 after acquiring an additional 245,427 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of Marriott Vacations Worldwide by 45.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 475,938 shares of the company's stock valued at $42,739,000 after acquiring an additional 148,457 shares during the period. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Marriott Vacations Worldwide Trading Up 1.2%

NYSE:VAC traded up $0.94 during trading hours on Friday, hitting $80.12. The company had a trading volume of 361,729 shares, compared to its average volume of 485,186. The company has a debt-to-equity ratio of 2.18, a current ratio of 3.16 and a quick ratio of 2.58. Marriott Vacations Worldwide Corporation has a 52 week low of $49.22 and a 52 week high of $100.32. The stock has a 50-day moving average price of $67.36 and a 200 day moving average price of $72.70. The company has a market capitalization of $2.77 billion, a PE ratio of 13.67, a price-to-earnings-growth ratio of 1.76 and a beta of 1.48.

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, topping the consensus estimate of $1.56 by $0.10. Marriott Vacations Worldwide had a net margin of 4.57% and a return on equity of 10.43%. The business had revenue of $1.20 billion during the quarter, compared to analysts' expectations of $1.21 billion. During the same period in the previous year, the company earned $1.80 earnings per share. The business's revenue for the quarter was up .4% compared to the same quarter last year. On average, equities research analysts predict that Marriott Vacations Worldwide Corporation will post 6.23 EPS for the current fiscal year.

Marriott Vacations Worldwide Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 23rd were paid a dividend of $0.79 per share. The ex-dividend date was Friday, May 23rd. This represents a $3.16 annualized dividend and a yield of 3.94%. Marriott Vacations Worldwide's payout ratio is currently 53.92%.

Insider Buying and Selling at Marriott Vacations Worldwide

In other Marriott Vacations Worldwide news, Director Christian Asmar bought 412,449 shares of the business's stock in a transaction dated Tuesday, June 17th. The shares were purchased 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 in the company, valued at $250,727,155.13. This represents a 12.51% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 1.60% of the company's stock.

Analysts Set New Price Targets

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

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.