Scientech Research LLC Purchases Shares of 2,851 Marriott Vacations Worldwide Co. (NYSE:VAC)

Scientech Research LLC bought a new position in Marriott Vacations Worldwide Co. (NYSE:VAC) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,851 shares of the company’s stock, valued at approximately $249,000.

Other hedge funds have also recently bought and sold shares of the company. Janney Montgomery Scott LLC acquired a new position in Marriott Vacations Worldwide during the 4th quarter worth about $552,000. TFO Wealth Partners LLC grew its stake in Marriott Vacations Worldwide by 61,550.0% in the fourth quarter. TFO Wealth Partners LLC now owns 1,233 shares of the company’s stock valued at $105,000 after acquiring an additional 1,231 shares during the period. Campbell & CO Investment Adviser LLC increased its stake in Marriott Vacations Worldwide by 718.3% during the 4th quarter. Campbell & CO Investment Adviser LLC now owns 20,588 shares of the company’s stock worth $1,748,000 after purchasing an additional 18,072 shares in the last quarter. Blueshift Asset Management LLC bought a new stake in shares of Marriott Vacations Worldwide during the fourth quarter worth $252,000. Finally, Burgundy Asset Management Ltd. raised its stake in shares of Marriott Vacations Worldwide by 55.0% in the 4th quarter. Burgundy Asset Management Ltd. now owns 1,064,068 shares of the company’s stock valued at $90,329,000 after purchasing an additional 377,766 shares during the period. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

VAC has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Marriott Vacations Worldwide from $121.00 to $95.00 and set a “buy” rating on the stock in a report on Tuesday, August 6th. Truist Financial reduced their target price on Marriott Vacations Worldwide from $161.00 to $159.00 and set a “buy” rating for the company in a research note on Friday, July 19th. StockNews.com cut shares of Marriott Vacations Worldwide from a “hold” rating to a “sell” rating in a report on Friday, July 19th. The Goldman Sachs Group began coverage on Marriott Vacations Worldwide in a report on Wednesday, September 18th. They set a “sell” rating and a $62.00 target price for the company. Finally, JMP Securities cut their price target on Marriott Vacations Worldwide from $115.00 to $90.00 and set a “market outperform” rating for the company in a research note on Friday, August 2nd. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $96.65.

Marriott Vacations Worldwide Trading Down 3.9 %

VAC opened at $73.48 on Tuesday. The company’s 50 day moving average is $74.57 and its 200-day moving average is $87.14. The company has a market cap of $2.58 billion, a P/E ratio of 13.58, a PEG ratio of 0.70 and a beta of 1.81. Marriott Vacations Worldwide Co. has a 1-year low of $67.28 and a 1-year high of $108.57. The company has a current ratio of 3.28, a quick ratio of 2.72 and a debt-to-equity ratio of 2.21.

Marriott Vacations Worldwide (NYSE:VAC) last announced its quarterly earnings results on Wednesday, July 31st. The company reported $1.10 EPS for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.89). Marriott Vacations Worldwide had a net margin of 3.41% and a return on equity of 9.89%. The firm had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same period in the previous year, the business posted $2.19 earnings per share. The business’s revenue for the quarter was down 3.2% compared to the same quarter last year. Equities research analysts predict that Marriott Vacations Worldwide Co. will post 6.11 earnings per share for the current fiscal year.

Marriott Vacations Worldwide Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Thursday, September 19th will be given a dividend of $0.76 per share. The ex-dividend date of this dividend is Thursday, September 19th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 4.14%. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is 56.19%.

Insider Transactions at Marriott Vacations Worldwide

In other Marriott Vacations Worldwide news, insider Jason P. Marino bought 700 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The shares were bought at an average price of $69.00 per share, for a total transaction of $48,300.00. Following the transaction, the insider now directly owns 15,851 shares in the company, valued at $1,093,719. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.70% of the company’s stock.

Marriott Vacations Worldwide Profile

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.