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 company's stock in a transaction that occurred on Tuesday, June 17th. The stock was acquired at an average cost of $67.61 per share, with a total value of $27,885,676.89. Following the purchase, the director now directly owns 3,708,433 shares of the company's stock, valued at $250,727,155.13. This trade represents a 12.51% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

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

Marriott Vacations Worldwide Stock Up 2.3%

Shares of NYSE VAC traded up $1.56 during midday trading on Monday, hitting $69.93. The stock had a trading volume of 599,811 shares, compared to its average volume of 461,166. The business's 50 day moving average is $63.10 and its 200-day moving average is $73.80. Marriott Vacations Worldwide Corporation has a 52 week low of $49.22 and a 52 week high of $100.32. 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 company has a market cap of $2.41 billion, a P/E ratio of 11.93, a PEG ratio of 1.50 and a beta of 1.46.

Marriott Vacations Worldwide (NYSE:VAC - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $1.66 earnings per share for the quarter, topping analysts' consensus estimates 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 company had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.21 billion. During the same period in the previous year, the business earned $1.80 EPS. The firm's revenue for the quarter was up .4% on a year-over-year basis. As a group, analysts predict that Marriott Vacations Worldwide Corporation will post 6.23 EPS for the current year.

Marriott Vacations Worldwide Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 23rd were given a dividend of $0.79 per share. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $3.16 annualized dividend and a dividend yield of 4.52%. Marriott Vacations Worldwide's dividend payout ratio (DPR) is presently 53.92%.

Institutional Investors Weigh In On Marriott Vacations Worldwide

Several large investors have recently bought and sold shares of VAC. Empowered Funds LLC purchased a new stake in shares of Marriott Vacations Worldwide during the 4th quarter valued at about $307,000. Rhumbline Advisers raised its holdings in shares of Marriott Vacations Worldwide by 1.0% during the fourth quarter. Rhumbline Advisers now owns 95,457 shares of the company's stock valued at $8,572,000 after purchasing an additional 935 shares during the last quarter. Venturi Wealth Management LLC lifted its position in Marriott Vacations Worldwide by 40.7% during the fourth quarter. Venturi Wealth Management LLC now owns 1,572 shares of the company's stock valued at $141,000 after purchasing an additional 455 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in Marriott Vacations Worldwide in the fourth quarter worth approximately $293,000. Finally, Ieq Capital LLC grew its position in Marriott Vacations Worldwide by 665.3% in the 4th 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 period. 89.52% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

VAC has been the topic of a number of research reports. Stifel Nicolaus dropped their target price on shares of Marriott Vacations Worldwide from $112.00 to $108.00 and set a "buy" rating on the stock in a report on Thursday, February 27th. 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 cut their price objective on shares of Marriott Vacations Worldwide from $112.00 to $105.00 and set an "outperform" rating on the stock in a report on Friday, May 9th. Barclays decreased their target price on shares of Marriott Vacations Worldwide from $97.00 to $88.00 and set an "overweight" rating for the company in a research note on Monday, May 12th. Finally, Morgan Stanley raised Marriott Vacations Worldwide from an "underweight" rating to an "equal weight" rating and dropped their price target for the stock from $67.00 to $57.00 in a research report on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price 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.