Intech Investment Management LLC Invests $788,000 in Marriott Vacations Worldwide Corporation $VAC

Intech Investment Management LLC purchased a new stake in Marriott Vacations Worldwide Corporation (NYSE:VAC) in the 2nd quarter, HoldingsChannel.com reports. The firm purchased 10,893 shares of the company’s stock, valued at approximately $788,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its stake in Marriott Vacations Worldwide by 2.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,931,782 shares of the company’s stock worth $124,101,000 after purchasing an additional 48,585 shares during the period. Fuller & Thaler Asset Management Inc. increased its position in shares of Marriott Vacations Worldwide by 32.2% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 1,822,687 shares of the company’s stock valued at $117,089,000 after buying an additional 444,126 shares during the period. Hotchkis & Wiley Capital Management LLC lifted its holdings in shares of Marriott Vacations Worldwide by 8.1% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 1,139,334 shares of the company’s stock worth $73,191,000 after buying an additional 85,230 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its position in shares of Marriott Vacations Worldwide by 2.8% in the first quarter. T. Rowe Price Investment Management Inc. now owns 800,315 shares of the company’s stock valued at $51,413,000 after acquiring an additional 21,631 shares during the period. Finally, Geode Capital Management LLC grew its stake in Marriott Vacations Worldwide by 37.4% during the second quarter. Geode Capital Management LLC now owns 788,879 shares of the company’s stock valued at $57,051,000 after acquiring an additional 214,629 shares in the last quarter. 89.52% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Marriott Vacations Worldwide in a report on Tuesday. Barclays reduced 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 report on Friday, November 7th. Wells Fargo & Company started coverage on Marriott Vacations Worldwide in a research report on Tuesday, November 18th. They issued an “underweight” rating and a $37.00 price objective on the stock. Citizens Jmp dropped their price objective on Marriott Vacations Worldwide from $115.00 to $60.00 and set a “market outperform” rating for the company in a research note on Friday, November 7th. Finally, Truist Financial decreased their target price on Marriott Vacations Worldwide from $127.00 to $81.00 and set a “buy” rating on the stock in a research note on Friday, November 14th. Four investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Marriott Vacations Worldwide presently has a consensus rating of “Hold” and an average price target of $63.38.

Insider Buying and Selling

In other Marriott Vacations Worldwide news, Director Lizanne Galbreath purchased 5,500 shares of the firm’s stock in a transaction on Tuesday, November 18th. The shares were purchased at an average cost of $46.51 per share, with a total value of $255,805.00. Following the completion of the purchase, the director owned 25,714 shares of the company’s stock, valued at $1,195,958.14. The trade was a 27.21% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director William W. Mccarten acquired 5,000 shares of the business’s stock in a transaction dated Thursday, November 20th. The stock was acquired at an average cost of $48.08 per share, with a total value of $240,400.00. Following the purchase, the director directly owned 13,708 shares in the company, valued at $659,080.64. This represents a 57.42% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have purchased a total of 96,100 shares of company stock worth $4,566,692 over the last ninety days. Corporate insiders own 1.60% of the company’s stock.

Marriott Vacations Worldwide Stock Performance

Marriott Vacations Worldwide stock opened at $54.98 on Thursday. Marriott Vacations Worldwide Corporation has a fifty-two week low of $44.58 and a fifty-two week high of $99.42. The firm’s fifty day moving average price is $62.56 and its 200-day moving average price is $70.19. The stock has a market cap of $1.90 billion, a P/E ratio of 12.33, a price-to-earnings-growth ratio of 1.20 and a beta of 1.50. The company has a debt-to-equity ratio of 2.29, a quick ratio of 3.22 and a current ratio of 3.87.

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

Marriott Vacations Worldwide Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Wednesday, September 17th were issued a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a dividend yield of 5.7%. The ex-dividend date of this dividend was Wednesday, September 17th. Marriott Vacations Worldwide’s dividend payout ratio (DPR) 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.