Christian Asmar Acquires 412,449 Shares of Marriott Vacations Worldwide Corporation (NYSE:VAC) Stock

Marriott Vacations Worldwide Corporation (NYSE:VAC - Get Free Report) Director Christian Asmar purchased 412,449 shares of the firm's stock in a transaction dated Tuesday, June 17th. The shares were acquired at an average cost of $67.61 per share, with a total value of $27,885,676.89. Following the completion of the purchase, the director now directly owns 3,708,433 shares in the company, valued at approximately $250,727,155.13. This represents a 12.51% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Christian Asmar also recently made the following trade(s):

• On Wednesday, June 18th, Christian Asmar bought 337,551 shares of Marriott Vacations Worldwide stock. The stock was acquired at an average cost of $68.11 per share, with a total value of $22,990,598.61.

Marriott Vacations Worldwide Stock Performance

Shares of NYSE VAC traded up $0.26 during midday trading on Friday, hitting $68.26. 495,749 shares of the company's stock were exchanged, compared to its average volume of 460,609. The company has a quick ratio of 2.58, a current ratio of 3.16 and a debt-to-equity ratio of 2.18. The firm has a market capitalization of $2.36 billion, a PE ratio of 11.65, a price-to-earnings-growth ratio of 1.49 and a beta of 1.46. Marriott Vacations Worldwide Corporation has a 12 month low of $49.22 and a 12 month high of $100.32. The company's 50 day moving average price is $63.10 and its 200 day moving average price is $74.13.

Marriott Vacations Worldwide (NYSE:VAC - Get Free Report) last announced its quarterly 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. Marriott Vacations Worldwide had a return on equity of 10.43% and a net margin of 4.57%. The business had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter last year, the firm posted $1.80 EPS. The company's quarterly revenue was up .4% on a year-over-year basis. As a group, analysts predict that Marriott Vacations Worldwide Corporation will post 6.23 earnings per share for the current fiscal year.

Marriott Vacations Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 23rd were issued a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a yield of 4.63%. The ex-dividend date was Friday, May 23rd. Marriott Vacations Worldwide's dividend payout ratio is 53.92%.

Hedge Funds Weigh In On Marriott Vacations Worldwide

A number of large investors have recently made changes to their positions in the company. Empowered Funds LLC bought a new position in shares of Marriott Vacations Worldwide during the fourth quarter worth approximately $307,000. Rhumbline Advisers boosted its stake in shares of Marriott Vacations Worldwide by 1.0% in the 4th quarter. Rhumbline Advisers now owns 95,457 shares of the company's stock valued at $8,572,000 after purchasing an additional 935 shares in the last quarter. Venturi Wealth Management LLC increased its position in Marriott Vacations Worldwide by 40.7% during the 4th quarter. Venturi Wealth Management LLC now owns 1,572 shares of the company's stock worth $141,000 after purchasing an additional 455 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in shares of Marriott Vacations Worldwide in the 4th quarter valued at $293,000. Finally, Ieq Capital LLC grew its holdings in shares of Marriott Vacations Worldwide by 665.3% during the fourth quarter. Ieq Capital LLC now owns 20,945 shares of the company's stock worth $1,881,000 after purchasing an additional 18,208 shares during the last quarter. Institutional investors own 89.52% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on VAC shares. Stifel Nicolaus reduced their price objective on shares of Marriott Vacations Worldwide from $112.00 to $108.00 and set a "buy" rating for the company in a research note on Thursday, February 27th. Morgan Stanley upgraded shares of Marriott Vacations Worldwide from an "underweight" rating to an "equal weight" rating and reduced their price objective for the stock from $67.00 to $57.00 in a research note on Tuesday, April 22nd. Mizuho dropped their price objective on 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. The Goldman Sachs Group increased their price objective on Marriott Vacations Worldwide from $48.00 to $55.00 and gave the company a "sell" rating in a report on Friday, May 9th. Finally, Truist Financial decreased their target price on shares of Marriott Vacations Worldwide from $142.00 to $140.00 and set a "buy" rating for the company in a research note on Friday, March 7th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Marriott Vacations Worldwide presently has an average rating of "Moderate Buy" and a consensus price target of $92.25.

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.