Insider Buying: Marriott Vacations Worldwide Corporation (NYSE:VAC) Director Buys 337,551 Shares of Stock

Marriott Vacations Worldwide Corporation (NYSE:VAC - Get Free Report) Director Christian Asmar acquired 337,551 shares of the stock in a transaction dated Wednesday, June 18th. The stock was acquired at an average price of $68.11 per share, for a total transaction of $22,990,598.61. Following the purchase, the director now directly owns 4,045,984 shares in the company, valued at approximately $275,571,970.24. This trade represents a 9.10% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink.

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

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

Marriott Vacations Worldwide Price Performance

VAC stock traded up $1.56 during trading on Monday, reaching $69.93. The company's stock had a trading volume of 599,811 shares, compared to its average volume of 461,166. The company's fifty day moving average is $63.10 and its 200-day moving average is $73.80. Marriott Vacations Worldwide Corporation has a 1 year low of $49.22 and a 1 year high of $100.32. The company has a market capitalization of $2.41 billion, a P/E ratio of 11.93, a price-to-earnings-growth ratio of 1.50 and a beta of 1.46. 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 released 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 return on equity of 10.43% and a net margin of 4.57%. The firm had revenue of $1.20 billion during the quarter, compared to analysts' expectations of $1.21 billion. During the same quarter last year, the business posted $1.80 earnings per share. The firm's revenue was up .4% on a year-over-year basis. On average, research analysts expect that Marriott Vacations Worldwide Corporation will post 6.23 earnings per share 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. Stockholders of record on Friday, May 23rd were given a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a dividend yield of 4.52%. The ex-dividend date of this dividend was Friday, May 23rd. Marriott Vacations Worldwide's payout ratio is currently 53.92%.

Hedge Funds Weigh In On Marriott Vacations Worldwide

A number of hedge funds and other institutional investors have recently modified their holdings of VAC. Fifth Third Bancorp lifted its position in Marriott Vacations Worldwide by 136.5% during the first 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. True Wealth Design LLC raised its position in Marriott Vacations Worldwide by 35.2% during the fourth quarter. True Wealth Design LLC now owns 595 shares of the company's stock valued at $53,000 after purchasing an additional 155 shares during the period. Caitong International Asset Management Co. Ltd purchased a new position in shares of Marriott Vacations Worldwide in the 1st quarter worth approximately $53,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Marriott Vacations Worldwide during the 4th quarter valued at approximately $89,000. Finally, Atala Financial Inc bought a new position in shares of Marriott Vacations Worldwide during the 4th quarter valued at approximately $112,000. Institutional investors own 89.52% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Morgan Stanley upgraded shares of Marriott Vacations Worldwide from an "underweight" rating to an "equal weight" rating and decreased their price target for the stock from $67.00 to $57.00 in a research report on Tuesday, April 22nd. Truist Financial decreased their target price 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. Stifel Nicolaus cut their price target on Marriott Vacations Worldwide from $112.00 to $108.00 and set a "buy" rating for the company in a report on Thursday, February 27th. Mizuho reduced their price target on Marriott Vacations Worldwide from $112.00 to $105.00 and set an "outperform" rating for the company in a research report on Friday, May 9th. Finally, The Goldman Sachs Group lifted their price objective 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. 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 stock. According to MarketBeat.com, the company currently has a consensus 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.