Marriott Vacations Worldwide Corporation $VAC Shares Acquired by Prime Capital Investment Advisors LLC

Prime Capital Investment Advisors LLC lifted its position in shares of Marriott Vacations Worldwide Corporation (NYSE:VAC) by 7.1% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 4,075 shares of the company’s stock after acquiring an additional 269 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Marriott Vacations Worldwide were worth $295,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Dimensional Fund Advisors LP raised its stake in shares of Marriott Vacations Worldwide by 2.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,931,782 shares of the company’s stock worth $124,101,000 after buying an additional 48,585 shares during the last quarter. Fuller & Thaler Asset Management Inc. raised its stake in shares of Marriott Vacations Worldwide by 32.2% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 1,822,687 shares of the company’s stock worth $117,089,000 after buying an additional 444,126 shares during the last quarter. Hotchkis & Wiley Capital Management LLC raised its stake in shares of Marriott Vacations Worldwide by 8.1% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 1,139,334 shares of the company’s stock worth $73,191,000 after buying an additional 85,230 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its stake in Marriott Vacations Worldwide by 2.8% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 800,315 shares of the company’s stock valued at $51,413,000 after purchasing an additional 21,631 shares during the last quarter. Finally, Ananym Capital Management LP raised its stake in Marriott Vacations Worldwide by 75.1% in the 1st quarter. Ananym Capital Management LP now owns 428,647 shares of the company’s stock valued at $27,536,000 after purchasing an additional 183,805 shares during the last quarter. Institutional investors and hedge funds own 89.52% of the company’s stock.

Analysts Set New Price Targets

VAC has been the subject of several analyst reports. Truist Financial cut their target price on shares of Marriott Vacations Worldwide from $128.00 to $127.00 and set a “buy” rating for the company in a research note on Thursday, August 21st. Morgan Stanley reissued an “underweight” rating on shares of Marriott Vacations Worldwide in a research note on Tuesday, July 15th. The Goldman Sachs Group boosted their target price on shares of Marriott Vacations Worldwide from $55.00 to $65.00 and gave the company a “sell” rating in a research note on Wednesday, August 6th. Stifel Nicolaus set a $101.00 target price on shares of Marriott Vacations Worldwide and gave the company a “buy” rating in a research note on Tuesday, August 5th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Marriott Vacations Worldwide in a research note on Wednesday. Four equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Marriott Vacations Worldwide presently has a consensus rating of “Hold” and an average price target of $90.50.

Marriott Vacations Worldwide Trading Down 3.8%

NYSE VAC opened at $62.40 on Friday. Marriott Vacations Worldwide Corporation has a 12 month low of $49.22 and a 12 month high of $100.32. The company has a 50-day moving average of $73.78 and a 200-day moving average of $69.62. The company has a debt-to-equity ratio of 2.17, a current ratio of 3.55 and a quick ratio of 2.90. The company has a market cap of $2.16 billion, a P/E ratio of 9.38, a P/E/G ratio of 0.91 and a beta of 1.46.

Marriott Vacations Worldwide (NYSE:VAC) last posted its quarterly earnings data on Monday, August 4th. The company reported $1.96 EPS for the quarter, beating analysts’ consensus estimates of $1.72 by $0.24. Marriott Vacations Worldwide had a net margin of 5.10% and a return on equity of 11.74%. The company had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter in the prior year, the company posted $1.10 EPS. The company’s quarterly revenue was up 9.3% compared to the same quarter last year. Marriott Vacations Worldwide has set its FY 2025 guidance at 6.400-7.100 EPS. As a group, equities analysts predict that Marriott Vacations Worldwide Corporation will post 6.23 earnings per share for the current year.

Marriott Vacations Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Wednesday, September 17th were issued a dividend of $0.79 per share. The ex-dividend date was Wednesday, September 17th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 5.1%. Marriott Vacations Worldwide’s payout ratio is presently 47.52%.

About Marriott Vacations Worldwide

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.