Christian Asmar Buys 337,551 Shares of Marriott Vacations Worldwide Corporation (NYSE:VAC) Stock

Marriott Vacations Worldwide Corporation (NYSE:VAC - Get Free Report) Director Christian Asmar purchased 337,551 shares of Marriott Vacations Worldwide stock in a transaction that occurred on Wednesday, June 18th. The shares were bought at an average price of $68.11 per share, with a total value of $22,990,598.61. Following the transaction, the director now owns 4,045,984 shares of the company's stock, valued at $275,571,970.24. This trade represents a 9.10% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Tuesday, June 17th, Christian Asmar acquired 412,449 shares of Marriott Vacations Worldwide stock. The shares were purchased at an average cost of $67.61 per share, with a total value of $27,885,676.89.

Marriott Vacations Worldwide Stock Up 0.4%

Marriott Vacations Worldwide stock traded up $0.26 during trading hours on Friday, hitting $68.26. The stock had a trading volume of 495,749 shares, compared to its average volume of 460,609. The stock's 50-day moving average price is $63.10 and its 200-day moving average price is $74.13. The stock has a market capitalization of $2.36 billion, a P/E 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 has a quick ratio of 2.58, a current ratio of 3.16 and a debt-to-equity ratio of 2.18.

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

Marriott Vacations Worldwide Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 23rd were paid a $0.79 dividend. This represents a $3.16 annualized dividend and a dividend yield of 4.63%. The ex-dividend date was Friday, May 23rd. Marriott Vacations Worldwide's dividend payout ratio (DPR) is currently 53.92%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on VAC shares. Morgan Stanley raised Marriott Vacations Worldwide from an "underweight" rating to an "equal weight" rating and dropped their price target for the company from $67.00 to $57.00 in a research report on Tuesday, April 22nd. Truist Financial reduced their target price on Marriott Vacations Worldwide from $142.00 to $140.00 and set a "buy" rating for the company in a research report on Friday, March 7th. Stifel Nicolaus dropped 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 report on Thursday, February 27th. The Goldman Sachs Group lifted their price target on shares of Marriott Vacations Worldwide from $48.00 to $55.00 and gave the stock a "sell" rating in a research note on Friday, May 9th. Finally, Mizuho reduced their price target on Marriott Vacations Worldwide from $112.00 to $105.00 and set an "outperform" rating on the stock in a research report on Friday, May 9th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Marriott Vacations Worldwide has an average rating of "Moderate Buy" and a consensus price target of $92.25.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Fifth Third Bancorp boosted its holdings in shares of Marriott Vacations Worldwide by 136.5% during the 1st quarter. Fifth Third Bancorp now owns 395 shares of the company's stock valued at $25,000 after purchasing an additional 228 shares during the last quarter. Investment Advisory Group LLC purchased a new stake in shares of Marriott Vacations Worldwide in the first quarter worth about $31,000. True Wealth Design LLC grew its holdings in Marriott Vacations Worldwide by 35.2% during the 4th quarter. True Wealth Design LLC now owns 595 shares of the company's stock valued at $53,000 after buying an additional 155 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in Marriott Vacations Worldwide in the 1st quarter worth approximately $53,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in Marriott Vacations Worldwide in the 4th quarter worth approximately $89,000. Hedge funds and other institutional investors own 89.52% of the company's stock.

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.