Marriott Vacations Worldwide Corporation $VAC Stake Lowered by LSV Asset Management

LSV Asset Management decreased its stake in Marriott Vacations Worldwide Corporation (NYSE:VAC) by 5.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 189,632 shares of the company’s stock after selling 11,490 shares during the period. LSV Asset Management owned 0.55% of Marriott Vacations Worldwide worth $12,622,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Norges Bank bought a new stake in Marriott Vacations Worldwide in the second quarter valued at $27,971,000. Senvest Management LLC boosted its position in shares of Marriott Vacations Worldwide by 19.4% during the second quarter. Senvest Management LLC now owns 1,816,012 shares of the company’s stock worth $131,316,000 after buying an additional 294,937 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in Marriott Vacations Worldwide by 71.6% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 635,977 shares of the company’s stock worth $45,987,000 after buying an additional 265,278 shares in the last quarter. Geode Capital Management LLC grew its holdings in Marriott Vacations Worldwide by 37.4% in the 2nd quarter. Geode Capital Management LLC now owns 788,879 shares of the company’s stock worth $57,051,000 after buying an additional 214,629 shares in the last quarter. Finally, Bridgeway Capital Management LLC acquired a new stake in Marriott Vacations Worldwide in the 2nd quarter valued at approximately $12,119,000. 89.52% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Christian Asmar bought 84,000 shares of the firm’s stock in a transaction on Wednesday, November 19th. The stock was bought at an average cost of $47.44 per share, for a total transaction of $3,984,960.00. Following the completion of the acquisition, the director directly owned 4,130,340 shares in the company, valued at $195,943,329.60. This represents a 2.08% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Lizanne Galbreath purchased 5,500 shares of Marriott Vacations Worldwide stock in a transaction that occurred on Tuesday, November 18th. The stock was purchased at an average price of $46.51 per share, with a total value of $255,805.00. Following the transaction, the director owned 25,714 shares in the company, valued at $1,195,958.14. This represents a 27.21% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders have acquired 96,209 shares of company stock worth $4,573,353. 1.60% of the stock is owned by company insiders.

Marriott Vacations Worldwide Stock Up 1.2%

VAC stock opened at $53.97 on Friday. The firm has a market cap of $1.87 billion, a PE ratio of 12.10, a P/E/G ratio of 1.34 and a beta of 1.33. Marriott Vacations Worldwide Corporation has a 12 month low of $44.58 and a 12 month high of $91.18. The company has a debt-to-equity ratio of 2.29, a current ratio of 3.87 and a quick ratio of 3.22. The firm has a 50 day simple moving average of $57.80 and a 200 day simple moving average of $63.93.

Marriott Vacations Worldwide Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 7th. Investors of record on Wednesday, December 24th were paid a $0.80 dividend. The ex-dividend date of this dividend was Wednesday, December 24th. This represents a $3.20 dividend on an annualized basis and a yield of 5.9%. This is an increase from Marriott Vacations Worldwide’s previous quarterly dividend of $0.79. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is 71.75%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Zacks Research cut Marriott Vacations Worldwide from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 20th. Mizuho downgraded shares of Marriott Vacations Worldwide from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $85.00 to $58.00 in a report on Tuesday, November 11th. Wall Street Zen raised shares of Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a research note on Saturday. Morgan Stanley restated an “underweight” rating and set a $52.00 price target (down from $70.00) on shares of Marriott Vacations Worldwide in a research report on Friday, January 16th. Finally, Truist Financial decreased their price objective on shares of Marriott Vacations Worldwide from $127.00 to $81.00 and set a “buy” rating for the company in a report on Friday, November 14th. Four investment analysts have rated the stock with a Buy rating, one has given a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus price target of $61.13.

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.