Empowered Funds LLC Buys 138,306 Shares of Marriott Vacations Worldwide Corporation $VAC

Empowered Funds LLC grew its stake in shares of Marriott Vacations Worldwide Corporation (NYSE:VAC) by 1,629.6% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 146,793 shares of the company’s stock after buying an additional 138,306 shares during the period. Empowered Funds LLC’s holdings in Marriott Vacations Worldwide were worth $10,615,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the company. Ameritas Advisory Services LLC bought a new position in Marriott Vacations Worldwide during the second quarter valued at about $25,000. Hantz Financial Services Inc. increased its position in shares of Marriott Vacations Worldwide by 627.8% during the second quarter. Hantz Financial Services Inc. now owns 393 shares of the company’s stock valued at $28,000 after purchasing an additional 339 shares during the period. Assetmark Inc. increased its position in shares of Marriott Vacations Worldwide by 90.6% during the second quarter. Assetmark Inc. now owns 427 shares of the company’s stock valued at $31,000 after purchasing an additional 203 shares during the period. Allworth Financial LP raised its stake in shares of Marriott Vacations Worldwide by 79.8% in the second quarter. Allworth Financial LP now owns 473 shares of the company’s stock valued at $34,000 after purchasing an additional 210 shares in the last quarter. Finally, UMB Bank n.a. lifted its position in Marriott Vacations Worldwide by 194.9% in the second quarter. UMB Bank n.a. now owns 690 shares of the company’s stock worth $50,000 after purchasing an additional 456 shares during the period. 89.52% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Marriott Vacations Worldwide

In related news, Director Lizanne Galbreath acquired 5,500 shares of the firm’s stock in a transaction on Tuesday, November 18th. The shares were purchased at an average price of $46.51 per share, with a total value of $255,805.00. Following the acquisition, the director directly owned 25,714 shares in the company, valued at $1,195,958.14. The trade was a 27.21% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. 1.60% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on VAC shares. Weiss Ratings lowered shares of Marriott Vacations Worldwide from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, November 13th. Barclays cut their price target on shares of Marriott Vacations Worldwide from $87.00 to $64.00 and set an “overweight” rating for the company in a research note on Friday, November 7th. The Goldman Sachs Group lowered their price objective on Marriott Vacations Worldwide from $63.00 to $54.00 and set a “sell” rating on the stock in a research note on Tuesday, November 11th. Truist Financial cut their target price on Marriott Vacations Worldwide from $127.00 to $81.00 and set a “buy” rating for the company in a research report on Friday. Finally, Stifel Nicolaus set a $83.00 price target on Marriott Vacations Worldwide in a research report on Thursday, November 6th. Four analysts have rated the stock with a Buy rating, one has given a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $63.38.

Marriott Vacations Worldwide Stock Performance

NYSE:VAC opened at $46.59 on Wednesday. The stock has a market capitalization of $1.61 billion, a P/E ratio of 10.45, a price-to-earnings-growth ratio of 1.02 and a beta of 1.50. The company has a current ratio of 3.87, a quick ratio of 3.22 and a debt-to-equity ratio of 2.29. Marriott Vacations Worldwide Corporation has a 1 year low of $44.58 and a 1 year high of $99.42. The firm has a 50 day moving average of $65.70 and a 200-day moving average of $70.67.

Marriott Vacations Worldwide (NYSE:VAC) last released its quarterly earnings results on Wednesday, November 5th. The company reported $1.69 earnings per share for the quarter, beating analysts’ consensus estimates of $1.64 by $0.05. The firm had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.31 billion. Marriott Vacations Worldwide had a return on equity of 11.44% and a net margin of 3.44%.The business’s revenue was down 3.2% on a year-over-year basis. During the same period last year, the firm posted $1.80 EPS. Marriott Vacations Worldwide has set its FY 2025 guidance at 6.700-7.100 EPS. As a group, sell-side analysts anticipate that Marriott Vacations Worldwide Corporation will post 6.23 EPS for the current fiscal year.

Marriott Vacations Worldwide Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Wednesday, September 17th were issued a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a dividend yield of 6.8%. The ex-dividend date of this dividend was Wednesday, September 17th. Marriott Vacations Worldwide’s payout ratio is currently 70.85%.

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.