Marriott Vacations Worldwide Co. (NYSE:VAC) Insider Stephanie Sobeck Butera Purchases 650 Shares

Marriott Vacations Worldwide Co. (NYSE:VAC - Get Free Report) insider Stephanie Sobeck Butera purchased 650 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were bought at an average cost of $71.66 per share, for a total transaction of $46,579.00. Following the acquisition, the insider now owns 8,770 shares of the company's stock, valued at approximately $628,458.20. The trade was a 8.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Marriott Vacations Worldwide Stock Down 2.4 %

NYSE:VAC traded down $1.76 during trading hours on Monday, reaching $71.17. The company's stock had a trading volume of 747,789 shares, compared to its average volume of 463,475. The company has a debt-to-equity ratio of 2.19, a current ratio of 3.53 and a quick ratio of 2.86. The company has a market cap of $2.48 billion, a price-to-earnings ratio of 13.56, a price-to-earnings-growth ratio of 0.67 and a beta of 1.83. Marriott Vacations Worldwide Co. has a one year low of $67.28 and a one year high of $108.57. The business's 50-day moving average is $84.44 and its 200-day moving average is $83.26.

Marriott Vacations Worldwide (NYSE:VAC - Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The company reported $1.86 EPS for the quarter, beating analysts' consensus estimates of $1.51 by $0.35. The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.24 billion. Marriott Vacations Worldwide had a net margin of 4.20% and a return on equity of 10.89%. Equities research analysts predict that Marriott Vacations Worldwide Co. will post 6.23 EPS for the current year.

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Marriott Vacations Worldwide Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th will be paid a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a yield of 4.44%. The ex-dividend date is Wednesday, March 5th. Marriott Vacations Worldwide's payout ratio is currently 56.23%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in VAC. True Wealth Design LLC acquired a new stake in shares of Marriott Vacations Worldwide during the 3rd quarter worth about $32,000. Capital Performance Advisors LLP acquired a new stake in shares of Marriott Vacations Worldwide during the third quarter worth approximately $39,000. Blue Trust Inc. boosted its holdings in shares of Marriott Vacations Worldwide by 130.7% in the 4th quarter. Blue Trust Inc. now owns 533 shares of the company's stock worth $48,000 after acquiring an additional 302 shares in the last quarter. Brown Lisle Cummings Inc. bought a new stake in Marriott Vacations Worldwide during the 4th quarter worth approximately $50,000. Finally, Quarry LP grew its position in Marriott Vacations Worldwide by 81.6% during the 3rd quarter. Quarry LP now owns 808 shares of the company's stock worth $59,000 after acquiring an additional 363 shares during the last quarter. Institutional investors and hedge funds own 89.52% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on VAC shares. The Goldman Sachs Group increased their target price on shares of Marriott Vacations Worldwide from $70.00 to $85.00 and gave the company a "sell" rating in a report on Tuesday, December 10th. Morgan Stanley assumed coverage on shares of Marriott Vacations Worldwide in a research report on Monday, January 6th. They set an "underweight" rating and a $87.00 target price on the stock. Truist Financial cut their price objective on shares of Marriott Vacations Worldwide from $142.00 to $140.00 and set a "buy" rating on the stock in a report on Friday. Barclays dropped their price target on Marriott Vacations Worldwide from $116.00 to $97.00 and set an "overweight" rating for the company in a research note on Friday, February 28th. Finally, Stifel Nicolaus cut their target price on shares of Marriott Vacations Worldwide from $112.00 to $108.00 and set a "buy" rating on the stock in a research note on Thursday, February 27th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $102.75.

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.