Wedge Capital Management L L P NC Increases Stock Position in Marriott Vacations Worldwide Corporation $VAC

Wedge Capital Management L L P NC increased its position in Marriott Vacations Worldwide Corporation (NYSE:VAC) by 2.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 52,754 shares of the company’s stock after purchasing an additional 1,063 shares during the quarter. Wedge Capital Management L L P NC owned 0.15% of Marriott Vacations Worldwide worth $3,815,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Fifth Third Bancorp boosted its stake in Marriott Vacations Worldwide by 136.5% during the 1st quarter. Fifth Third Bancorp now owns 395 shares of the company’s stock valued at $25,000 after acquiring an additional 228 shares during the last quarter. Investment Advisory Group LLC acquired a new position in Marriott Vacations Worldwide during the 1st quarter valued at about $31,000. UMB Bank n.a. increased its stake in Marriott Vacations Worldwide by 194.9% during the 2nd quarter. UMB Bank n.a. now owns 690 shares of the company’s stock valued at $50,000 after buying an additional 456 shares during the period. Caitong International Asset Management Co. Ltd acquired a new position in Marriott Vacations Worldwide during the 1st quarter valued at about $53,000. Finally, Parallel Advisors LLC increased its stake in Marriott Vacations Worldwide by 898.3% during the 2nd quarter. Parallel Advisors LLC now owns 1,198 shares of the company’s stock valued at $87,000 after buying an additional 1,078 shares during the period. 89.52% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on VAC shares. Stifel Nicolaus set a $101.00 price objective on shares of Marriott Vacations Worldwide and gave the company a “buy” rating in a research report on Tuesday, August 5th. The Goldman Sachs Group raised their price objective on shares of Marriott Vacations Worldwide from $55.00 to $65.00 and gave the company a “sell” rating in a research report on Wednesday, August 6th. Truist Financial decreased 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 report on Thursday, August 21st. Finally, Morgan Stanley reiterated an “underweight” rating on shares of Marriott Vacations Worldwide in a report on Tuesday, July 15th. Four investment analysts have rated the stock with a Buy rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $90.50.

Marriott Vacations Worldwide Price Performance

Shares of VAC opened at $76.27 on Monday. The firm has a market cap of $2.64 billion, a PE ratio of 11.47, a PEG ratio of 1.10 and a beta of 1.48. The firm’s 50 day moving average price is $77.49 and its 200 day moving average price is $69.58. The company has a debt-to-equity ratio of 2.17, a quick ratio of 2.90 and a current ratio of 3.55. Marriott Vacations Worldwide Corporation has a twelve month low of $49.22 and a twelve month high of $100.32.

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

Marriott Vacations Worldwide Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Wednesday, September 17th will be given a $0.79 dividend. The ex-dividend date of this dividend is Wednesday, September 17th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 4.1%. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is currently 47.52%.

Marriott Vacations Worldwide Company 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.