Coronation Fund Managers Ltd. Buys 22,968 Shares of Marriott Vacations Worldwide Co. (NYSE:VAC)

Coronation Fund Managers Ltd. raised its holdings in shares of Marriott Vacations Worldwide Co. (NYSE:VAC - Free Report) by 162.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,117 shares of the company's stock after purchasing an additional 22,968 shares during the quarter. Coronation Fund Managers Ltd. owned 0.11% of Marriott Vacations Worldwide worth $3,241,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of VAC. Allspring Global Investments Holdings LLC boosted its holdings in shares of Marriott Vacations Worldwide by 615.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 286 shares of the company's stock worth $31,000 after buying an additional 246 shares during the last quarter. Fidelis Capital Partners LLC purchased a new position in shares of Marriott Vacations Worldwide in the 1st quarter worth about $41,000. Quarry LP lifted its holdings in Marriott Vacations Worldwide by 368.4% during the second quarter. Quarry LP now owns 445 shares of the company's stock valued at $39,000 after purchasing an additional 350 shares during the last quarter. Innealta Capital LLC purchased a new stake in Marriott Vacations Worldwide during the second quarter valued at about $90,000. Finally, TFO Wealth Partners LLC lifted its holdings in Marriott Vacations Worldwide by 61,550.0% during the fourth quarter. TFO Wealth Partners LLC now owns 1,233 shares of the company's stock valued at $105,000 after purchasing an additional 1,231 shares during the last quarter. Institutional investors own 89.52% of the company's stock.

Marriott Vacations Worldwide Price Performance

Shares of VAC stock traded down $0.44 during trading on Thursday, hitting $73.84. The company had a trading volume of 370,667 shares, compared to its average volume of 473,058. Marriott Vacations Worldwide Co. has a 52 week low of $67.28 and a 52 week high of $108.57. The stock has a market capitalization of $2.60 billion, a price-to-earnings ratio of 13.65, a price-to-earnings-growth ratio of 0.70 and a beta of 1.81. The stock's 50-day moving average is $74.14 and its two-hundred day moving average is $86.87. The company has a quick ratio of 2.72, a current ratio of 3.28 and a debt-to-equity ratio of 2.21.

Marriott Vacations Worldwide (NYSE:VAC - Get Free Report) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $1.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.99 by ($0.89). The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.21 billion. Marriott Vacations Worldwide had a return on equity of 9.89% and a net margin of 3.41%. Marriott Vacations Worldwide's revenue was down 3.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.19 earnings per share. As a group, analysts predict that Marriott Vacations Worldwide Co. will post 6.11 EPS for the current fiscal year.

Marriott Vacations Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Thursday, September 19th will be issued a dividend of $0.76 per share. The ex-dividend date of this dividend is Thursday, September 19th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 4.12%. Marriott Vacations Worldwide's dividend payout ratio (DPR) is 56.19%.

Wall Street Analyst Weigh In

Several research firms have commented on VAC. Mizuho dropped their price objective on shares of Marriott Vacations Worldwide from $128.00 to $126.00 and set a "buy" rating on the stock in a report on Friday, June 14th. The Goldman Sachs Group initiated coverage on shares of Marriott Vacations Worldwide in a report on Wednesday, September 18th. They issued a "sell" rating and a $62.00 price target on the stock. StockNews.com downgraded shares of Marriott Vacations Worldwide from a "hold" rating to a "sell" rating in a report on Friday, July 19th. Truist Financial lowered their price target on shares of Marriott Vacations Worldwide from $161.00 to $159.00 and set a "buy" rating on the stock in a report on Friday, July 19th. Finally, Stifel Nicolaus lowered their price target on shares of Marriott Vacations Worldwide from $108.00 to $96.50 and set a "buy" rating on the stock in a report on Friday, September 13th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, Marriott Vacations Worldwide has an average rating of "Hold" and an average target price of $96.65.

Insiders Place Their Bets

In other news, insider Jason P. Marino bought 700 shares of Marriott Vacations Worldwide stock in a transaction on Wednesday, September 11th. The shares were purchased at an average price of $69.00 per share, for a total transaction of $48,300.00. Following the acquisition, the insider now owns 15,851 shares of the company's stock, valued at $1,093,719. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.70% 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.