Range Financial Group LLC Purchases New Stake in Marriott Vacations Worldwide Corporation $VAC

Range Financial Group LLC acquired a new position in shares of Marriott Vacations Worldwide Corporation (NYSE:VAC) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 19,400 shares of the company’s stock, valued at approximately $1,291,000. Range Financial Group LLC owned approximately 0.06% of Marriott Vacations Worldwide as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Norges Bank acquired a new stake in shares of Marriott Vacations Worldwide in the 2nd quarter worth $27,971,000. Senvest Management LLC boosted its position in shares of Marriott Vacations Worldwide by 19.4% during the 2nd quarter. Senvest Management LLC now owns 1,816,012 shares of the company’s stock valued at $131,316,000 after acquiring an additional 294,937 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of Marriott Vacations Worldwide by 71.6% in the second quarter. Arrowstreet Capital Limited Partnership now owns 635,977 shares of the company’s stock valued at $45,987,000 after purchasing an additional 265,278 shares during the period. Geode Capital Management LLC increased its position 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 worth $57,051,000 after purchasing an additional 214,629 shares during the last quarter. Finally, Bridgeway Capital Management LLC purchased a new position in Marriott Vacations Worldwide during the second quarter worth about $12,119,000. Institutional investors and hedge funds own 89.52% of the company’s stock.

Insider Buying and Selling

In other news, Director Christian Asmar purchased 84,000 shares of the stock in a transaction on Wednesday, November 19th. The stock was bought at an average price of $47.44 per share, for a total transaction of $3,984,960.00. Following the acquisition, the director directly owned 4,130,340 shares of the company’s stock, valued at approximately $195,943,329.60. The trade was a 2.08% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director William W. Mccarten acquired 5,000 shares of Marriott Vacations Worldwide stock in a transaction dated Thursday, November 20th. The stock was purchased at an average price of $48.08 per share, for a total transaction of $240,400.00. Following the completion of the acquisition, the director directly owned 13,708 shares in the company, valued at approximately $659,080.64. This represents a 57.42% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought 96,100 shares of company stock valued at $4,566,692 over the last ninety days. 1.60% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Weiss Ratings reissued a “sell (d+)” rating on shares of Marriott Vacations Worldwide in a research note on Monday, December 22nd. Mizuho cut Marriott Vacations Worldwide from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $85.00 to $58.00 in a report on Tuesday, November 11th. Truist Financial cut their target price on Marriott Vacations Worldwide from $127.00 to $81.00 and set a “buy” rating for the company in a research note on Friday, November 14th. The Goldman Sachs Group reduced their target price on Marriott Vacations Worldwide from $63.00 to $54.00 and set a “sell” rating on the stock in a research report on Tuesday, November 11th. Finally, Wall Street Zen upgraded Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a report on Sunday, December 21st. Four analysts have rated the stock with a Buy rating, one has assigned a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $63.38.

Marriott Vacations Worldwide Trading Down 0.8%

NYSE:VAC opened at $58.11 on Tuesday. Marriott Vacations Worldwide Corporation has a 12-month low of $44.58 and a 12-month high of $91.18. The firm has a market cap of $2.01 billion, a PE ratio of 13.03, a price-to-earnings-growth ratio of 1.28 and a beta of 1.37. The company has a current ratio of 3.87, a quick ratio of 3.22 and a debt-to-equity ratio of 2.29. The stock has a fifty day moving average price of $57.06 and a 200 day moving average price of $68.39.

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

Marriott Vacations Worldwide Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 7th. Investors of record on Wednesday, December 24th will be issued a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 5.5%. This is a positive change from Marriott Vacations Worldwide’s previous quarterly dividend of $0.79. The ex-dividend date of this dividend is Wednesday, December 24th. Marriott Vacations Worldwide’s dividend payout ratio is 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.