Marriott Vacations Worldwide Co. (NYSE:VAC) Shares Purchased by AQR Capital Management LLC

AQR Capital Management LLC increased its position in shares of Marriott Vacations Worldwide Co. (NYSE:VAC) by 178.2% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 355,089 shares of the company’s stock after purchasing an additional 227,465 shares during the quarter. AQR Capital Management LLC owned 1.01% of Marriott Vacations Worldwide worth $29,771,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Aristeia Capital L.L.C. purchased a new position in Marriott Vacations Worldwide during the second quarter worth $432,000. Tremblant Capital Group increased its position in Marriott Vacations Worldwide by 79.7% during the second quarter. Tremblant Capital Group now owns 93,858 shares of the company’s stock worth $8,196,000 after buying an additional 41,616 shares in the last quarter. Lombard Odier Asset Management USA Corp increased its position in Marriott Vacations Worldwide by 183.1% during the second quarter. Lombard Odier Asset Management USA Corp now owns 12,586 shares of the company’s stock worth $1,099,000 after buying an additional 8,140 shares in the last quarter. Inspire Investing LLC increased its position in Marriott Vacations Worldwide by 22.5% during the second quarter. Inspire Investing LLC now owns 4,085 shares of the company’s stock worth $357,000 after buying an additional 751 shares in the last quarter. Finally, MQS Management LLC purchased a new position in Marriott Vacations Worldwide during the second quarter worth $288,000. 89.52% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

VAC has been the subject of several recent research reports. JMP Securities dropped their price target on Marriott Vacations Worldwide from $115.00 to $90.00 and set a “market outperform” rating for the company in a research report on Friday, August 2nd. StockNews.com downgraded Marriott Vacations Worldwide from a “hold” rating to a “sell” rating in a research report on Friday, July 19th. Truist Financial dropped their price target on Marriott Vacations Worldwide from $161.00 to $159.00 and set a “buy” rating for the company in a research report on Friday, July 19th. Deutsche Bank Aktiengesellschaft lowered their price objective on Marriott Vacations Worldwide from $121.00 to $95.00 and set a “buy” rating for the company in a research report on Tuesday, August 6th. Finally, Stifel Nicolaus lowered their price objective on Marriott Vacations Worldwide from $108.00 to $96.50 and set a “buy” rating for the company in a research report on Friday, September 13th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Marriott Vacations Worldwide presently has an average rating of “Hold” and a consensus target price of $96.65.

Insiders Place Their Bets

In related news, insider Jason P. Marino acquired 700 shares of Marriott Vacations Worldwide stock in a transaction on Wednesday, September 11th. The shares were bought at an average price of $69.00 per share, for a total transaction of $48,300.00. Following the completion of the purchase, the insider now directly owns 15,851 shares in the company, valued at approximately $1,093,719. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.70% of the stock is currently owned by insiders.

Marriott Vacations Worldwide Price Performance

VAC stock opened at $76.50 on Monday. The stock has a 50-day moving average price of $74.86 and a two-hundred day moving average price of $87.31. Marriott Vacations Worldwide Co. has a 12-month low of $67.28 and a 12-month high of $108.57. The company has a current ratio of 3.28, a quick ratio of 2.72 and a debt-to-equity ratio of 2.21. The company has a market cap of $2.69 billion, a PE ratio of 14.14, a price-to-earnings-growth ratio of 0.70 and a beta of 1.81.

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

Marriott Vacations Worldwide Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Thursday, September 19th will be given a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 3.97%. The ex-dividend date is Thursday, September 19th. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is presently 56.19%.

Marriott Vacations Worldwide 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.