Marriott Vacations Worldwide Corporation (NYSE:VAC) Receives Consensus Recommendation of “Hold” from Analysts

Marriott Vacations Worldwide Corporation (NYSE:VAC) has received an average recommendation of “Hold” from the nine brokerages that are currently covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $63.3750.

A number of equities research analysts have recently weighed in on the company. Truist Financial dropped their target price on Marriott Vacations Worldwide from $127.00 to $81.00 and set a “buy” rating for the company in a report on Friday, November 14th. The Goldman Sachs Group cut their price target on shares of Marriott Vacations Worldwide from $63.00 to $54.00 and set a “sell” rating on the stock in a report on Tuesday, November 11th. Wells Fargo & Company assumed coverage on Marriott Vacations Worldwide in a research report on Tuesday, November 18th. They set an “underweight” rating and a $37.00 target price for the company. Wall Street Zen upgraded Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a research report on Sunday, December 21st. Finally, Mizuho lowered Marriott Vacations Worldwide from an “outperform” rating to a “neutral” rating and cut their price objective for the stock from $85.00 to $58.00 in a research note on Tuesday, November 11th.

Insider Buying and Selling

In other Marriott Vacations Worldwide news, Director Christian Asmar purchased 84,000 shares of the firm’s stock in a transaction on Wednesday, November 19th. The stock was purchased at an average cost of $47.44 per share, for a total transaction of $3,984,960.00. Following the acquisition, the director owned 4,130,340 shares in the company, valued at approximately $195,943,329.60. The trade was a 2.08% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William W. Mccarten acquired 5,000 shares of the company’s stock in a transaction dated Thursday, November 20th. The stock was acquired at an average cost of $48.08 per share, for a total transaction of $240,400.00. Following the completion of the purchase, the director directly owned 13,708 shares in the company, valued at $659,080.64. This trade represents a 57.42% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders purchased 96,209 shares of company stock worth $4,573,353. Corporate insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On Marriott Vacations Worldwide

A number of hedge funds have recently added to or reduced their stakes in the business. Diversified Trust Co. increased its stake in Marriott Vacations Worldwide by 6.1% during the 4th quarter. Diversified Trust Co. now owns 4,077 shares of the company’s stock valued at $235,000 after purchasing an additional 234 shares in the last quarter. IFP Advisors Inc increased its position in shares of Marriott Vacations Worldwide by 1,828.0% during the third quarter. IFP Advisors Inc now owns 482 shares of the company’s stock worth $32,000 after acquiring an additional 457 shares in the last quarter. CIBC Private Wealth Group LLC lifted its position in Marriott Vacations Worldwide by 194.0% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,035 shares of the company’s stock valued at $69,000 after acquiring an additional 683 shares in the last quarter. CIBC Bancorp USA Inc. acquired a new position in Marriott Vacations Worldwide during the 3rd quarter valued at about $267,000. Finally, Caitong International Asset Management Co. Ltd increased its holdings in Marriott Vacations Worldwide by 39,966.7% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 1,202 shares of the company’s stock worth $80,000 after purchasing an additional 1,199 shares in the last quarter. 89.52% of the stock is currently owned by institutional investors.

Marriott Vacations Worldwide Stock Down 1.8%

Marriott Vacations Worldwide stock opened at $64.18 on Tuesday. The company’s 50-day moving average price is $55.51 and its two-hundred day moving average price is $67.80. The company has a quick ratio of 3.22, a current ratio of 3.87 and a debt-to-equity ratio of 2.29. The stock has a market cap of $2.22 billion, a P/E ratio of 14.39, a P/E/G ratio of 1.38 and a beta of 1.35. Marriott Vacations Worldwide has a twelve month low of $44.58 and a twelve month high of $91.18.

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

Marriott Vacations Worldwide Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 7th. Stockholders of record on Wednesday, December 24th were given a $0.80 dividend. This is an increase from Marriott Vacations Worldwide’s previous quarterly dividend of $0.79. The ex-dividend date was Wednesday, December 24th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 5.0%. Marriott Vacations Worldwide’s dividend payout ratio is presently 71.75%.

Marriott Vacations Worldwide Company Profile

Marriott Vacations Worldwide Corporation, headquartered in Orlando, Florida, specializes in the development, marketing and management of vacation ownership resorts and related products. Originally launched as a division of Marriott International in 1984, the company became a separate publicly traded entity in 2011. Since then, it has expanded its offerings through both organic growth and strategic acquisitions, establishing itself as a leading provider in the global timeshare industry.

The company’s core business activities include selling vacation ownership interests, managing a growing portfolio of branded resorts and operating a loyalty program that allows members to exchange or use points at affiliated properties.