M&T Bank Corp Invests $668,000 in Marriott Vacations Worldwide Corporation $VAC

M&T Bank Corp purchased a new position in shares of Marriott Vacations Worldwide Corporation (NYSE:VAC) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 11,579 shares of the company’s stock, valued at approximately $668,000.

Other hedge funds have also modified their holdings of the company. Algert Global LLC increased its holdings in shares of Marriott Vacations Worldwide by 43.2% during the 3rd quarter. Algert Global LLC now owns 105,332 shares of the company’s stock worth $7,011,000 after buying an additional 31,770 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Marriott Vacations Worldwide in the third quarter valued at approximately $1,284,000. Dimensional Fund Advisors LP lifted its holdings in Marriott Vacations Worldwide by 2.9% in the third quarter. Dimensional Fund Advisors LP now owns 1,950,309 shares of the company’s stock valued at $129,820,000 after acquiring an additional 54,285 shares during the last quarter. Deprince Race & Zollo Inc. grew its position in Marriott Vacations Worldwide by 15.8% in the fourth quarter. Deprince Race & Zollo Inc. now owns 497,423 shares of the company’s stock worth $28,696,000 after acquiring an additional 67,784 shares during the period. Finally, Harbor Capital Advisors Inc. grew its position in Marriott Vacations Worldwide by 25.1% in the fourth quarter. Harbor Capital Advisors Inc. now owns 39,499 shares of the company’s stock worth $2,279,000 after acquiring an additional 7,922 shares during the period. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Wells Fargo & Company lifted their target price on Marriott Vacations Worldwide from $46.00 to $58.00 and gave the company an “underweight” rating in a research report on Friday, February 27th. Stifel Nicolaus increased their price target on Marriott Vacations Worldwide from $77.00 to $85.00 and gave the stock a “buy” rating in a report on Thursday, February 26th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $92.00 price objective on shares of Marriott Vacations Worldwide in a research report on Thursday. Morgan Stanley decreased their target price on shares of Marriott Vacations Worldwide from $52.00 to $50.00 and set an “underweight” rating on the stock in a research report on Friday, April 10th. Finally, Citizens Jmp lowered shares of Marriott Vacations Worldwide from an “outperform” rating to a “market perform” rating in a research note on Monday, March 9th. Six investment analysts have rated the stock with a Buy rating, two have given a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $75.30.

Insider Transactions at Marriott Vacations Worldwide

In other Marriott Vacations Worldwide news, insider Michael Flaskey bought 14,862 shares of Marriott Vacations Worldwide stock in a transaction on Tuesday, March 10th. The shares were bought at an average cost of $67.26 per share, for a total transaction of $999,618.12. Following the acquisition, the insider directly owned 14,862 shares in the company, valued at $999,618.12. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 13.30% of the stock is currently owned by company insiders.

Marriott Vacations Worldwide Price Performance

Marriott Vacations Worldwide stock opened at $72.70 on Friday. The company’s 50 day simple moving average is $68.17 and its 200-day simple moving average is $61.55. The company has a market capitalization of $2.49 billion, a price-to-earnings ratio of -7.84, a price-to-earnings-growth ratio of 1.71 and a beta of 1.20. Marriott Vacations Worldwide Corporation has a 1 year low of $44.58 and a 1 year high of $86.33. The company has a debt-to-equity ratio of 2.85, a quick ratio of 2.94 and a current ratio of 3.48.

Marriott Vacations Worldwide (NYSE:VAC) last released its quarterly earnings results on Wednesday, February 25th. The company reported $1.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.72 by $0.14. The business had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.30 billion. Marriott Vacations Worldwide had a negative net margin of 6.12% and a positive return on equity of 11.77%. The business’s revenue was down .3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.86 EPS. Marriott Vacations Worldwide has set its FY 2026 guidance at 7.050-7.800 EPS. As a group, equities research analysts expect that Marriott Vacations Worldwide Corporation will post 7.31 earnings per share for the current year.

Marriott Vacations Worldwide Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 18th. Shareholders of record on Wednesday, March 4th were issued a dividend of $0.80 per share. The ex-dividend date was Wednesday, March 4th. This represents a $3.20 dividend on an annualized basis and a yield of 4.4%. Marriott Vacations Worldwide’s dividend payout ratio is -34.52%.

Marriott Vacations Worldwide 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.