Marriott Vacations Worldwide (NYSE:VAC) Stock Price Crosses Above Two Hundred Day Moving Average on Analyst Downgrade
by Sarita Garza · The Markets DailyMarriott Vacations Worldwide Corporation (NYSE:VAC – Get Free Report)’s stock price passed above its two hundred day moving average during trading on Thursday after Susquehanna raised their price target on the stock from $110.00 to $115.00. The stock has a two hundred day moving average of $94.89 and traded as high as $114.24. Susquehanna currently has a neutral rating on the stock. Marriott Vacations Worldwide shares last traded at $112.8660, with a volume of 267,129 shares.
A number of other equities research analysts have also recently issued reports on the stock. Weiss Ratings upgraded shares of Marriott Vacations Worldwide from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, October 8th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $134.00 target price on shares of Marriott Vacations Worldwide in a report on Wednesday, August 12th. Barclays increased their price target on Marriott Vacations Worldwide from $94.00 to $140.00 and gave the stock an “overweight” rating in a research report on Friday, August 7th. JPMorgan Chase & Co. started coverage on Marriott Vacations Worldwide in a research report on Thursday, October 8th. They issued an “overweight” rating and a $125.00 price objective for the company. Finally, Wells Fargo & Company increased their target price on Marriott Vacations Worldwide from $68.00 to $101.00 and gave the stock an “underweight” rating in a report on Friday, August 7th. Eight investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $108.00.
Check Out Our Latest Research Report on Marriott Vacations Worldwide
Insider Activity
In related news, insider Kathleen A. Pighini sold 2,500 shares of the stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $120.00, for a total transaction of $300,000.00. Following the completion of the transaction, the insider directly owned 10,821 shares in the company, valued at approximately $1,298,520. This trade represents a 18.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Christian Asmar sold 750,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $111.49, for a total value of $83,617,500.00. Following the transaction, the director directly owned 3,380,818 shares in the company, valued at $376,927,398.82. This trade represents a 18.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 13.30% of the stock is currently owned by insiders.
Institutional Investors Weigh In On Marriott Vacations Worldwide
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Penn Capital Management Company LLC bought a new position in Marriott Vacations Worldwide in the 2nd quarter valued at approximately $16,611,000. Bank of New York Mellon Corp bought a new stake in shares of Marriott Vacations Worldwide during the second quarter worth $17,975,000. Legal & General Group Plc bought a new stake in shares of Marriott Vacations Worldwide during the second quarter worth $6,681,000. Illinois Municipal Retirement Fund acquired a new position in shares of Marriott Vacations Worldwide during the first quarter worth $868,000. Finally, Corient Private Wealth LP acquired a new position in shares of Marriott Vacations Worldwide during the second quarter worth $1,880,000. Institutional investors and hedge funds own 89.52% of the company’s stock.
Marriott Vacations Worldwide Stock Down 3.2%
The company has a market capitalization of $3.76 billion, a price-to-earnings ratio of -11.23, a P/E/G ratio of 2.49 and a beta of 1.30. The company has a debt-to-equity ratio of 2.65, a current ratio of 3.56 and a quick ratio of 2.99. The firm’s fifty day moving average price is $106.46 and its 200-day moving average price is $94.99.
Marriott Vacations Worldwide (NYSE:VAC – Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported $2.31 EPS for the quarter, beating analysts’ consensus estimates of $1.97 by $0.34. Marriott Vacations Worldwide had a positive return on equity of 12.27% and a negative net margin of 6.47%. The firm had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same period last year, the firm posted $1.96 earnings per share. The business’s revenue for the quarter was up 5.9% on a year-over-year basis. Marriott Vacations Worldwide has set its FY 2026 guidance at 8.250-9.050 EPS. Sell-side analysts expect that Marriott Vacations Worldwide Corporation will post 8.77 earnings per share for the current fiscal year.
Marriott Vacations Worldwide Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th were paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Wednesday, September 16th. Marriott Vacations Worldwide’s payout ratio is currently -32.85%.
Marriott Vacations Worldwide Company Profile
Marriott Vacations Worldwide Corporation (NYSE:VAC) is a global vacation ownership and leisure travel company. It develops, markets, sells, and manages vacation ownership interests, which provide customers with access to accommodations and resort experiences through points-based and deeded ownership programs. The company also operates related vacation exchange, rental, resort management, and travel businesses.
Its portfolio includes vacation ownership and related offerings under brands such as Marriott Vacation Club, Sheraton Vacation Club, Westin Vacation Club, Grand Residences by Marriott, and Aqua-Aston.
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