XTX Topco Ltd Acquires New Position in Marriott Vacations Worldwide Co. (NYSE:VAC)

XTX Topco Ltd acquired a new position in Marriott Vacations Worldwide Co. (NYSE:VAC) during the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 9,651 shares of the company’s stock, valued at approximately $843,000.

A number of other institutional investors also recently made changes to their positions in VAC. Dimensional Fund Advisors LP boosted its stake in shares of Marriott Vacations Worldwide by 14.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,599,789 shares of the company’s stock valued at $139,687,000 after buying an additional 207,938 shares during the last quarter. Qsemble Capital Management LP acquired a new stake in Marriott Vacations Worldwide in the 2nd quarter valued at about $312,000. Van Berkom & Associates Inc. boosted its stake in shares of Marriott Vacations Worldwide by 19.1% during the 2nd quarter. Van Berkom & Associates Inc. now owns 722,164 shares of the company’s stock worth $63,059,000 after acquiring an additional 115,993 shares in the last quarter. Connable Office Inc. increased its position in shares of Marriott Vacations Worldwide by 33.2% in the second quarter. Connable Office Inc. now owns 3,457 shares of the company’s stock worth $302,000 after acquiring an additional 862 shares in the last quarter. Finally, Savant Capital LLC lifted its stake in Marriott Vacations Worldwide by 0.5% in the 2nd quarter. Savant Capital LLC now owns 147,133 shares of the company’s stock worth $12,848,000 after acquiring an additional 784 shares in the last quarter. 89.52% of the stock is owned by institutional investors and hedge funds.

Marriott Vacations Worldwide Trading Down 0.1 %

Shares of VAC opened at $74.49 on Monday. Marriott Vacations Worldwide Co. has a twelve month low of $67.28 and a twelve month high of $108.57. The stock has a market capitalization of $2.62 billion, a P/E ratio of 13.77, a PEG ratio of 0.64 and a beta of 1.81. The company has a quick ratio of 2.72, a current ratio of 3.28 and a debt-to-equity ratio of 2.21. The firm has a fifty day simple moving average of $76.19 and a two-hundred day simple moving average of $88.00.

Marriott Vacations Worldwide (NYSE:VAC) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $1.10 earnings per share for the quarter, missing the consensus estimate of $1.99 by ($0.89). The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.21 billion. Marriott Vacations Worldwide had a net margin of 3.41% and a return on equity of 9.89%. Marriott Vacations Worldwide’s revenue was down 3.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.19 earnings per share. On average, research analysts anticipate that Marriott Vacations Worldwide Co. will post 6.12 EPS for the current year.

Marriott Vacations Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Thursday, September 19th will be issued a $0.76 dividend. The ex-dividend date of this dividend is Thursday, September 19th. This represents a $3.04 dividend on an annualized basis and a yield of 4.08%. Marriott Vacations Worldwide’s dividend payout ratio is currently 56.19%.

Analyst Ratings Changes

VAC has been the subject of a number of analyst reports. Mizuho reduced their price objective on shares of Marriott Vacations Worldwide from $128.00 to $126.00 and set a “buy” rating for the company in a research note on Friday, June 14th. StockNews.com downgraded shares of Marriott Vacations Worldwide from a “hold” rating to a “sell” rating in a research note on Friday, July 19th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Marriott Vacations Worldwide from $121.00 to $95.00 and set a “buy” rating on the stock in a research report on Tuesday, August 6th. JMP Securities dropped their price target on Marriott Vacations Worldwide from $115.00 to $90.00 and set a “market outperform” rating on the stock in a research note on Friday, August 2nd. Finally, Truist Financial decreased their price target 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. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $97.45.

Insiders Place Their Bets

In other Marriott Vacations Worldwide news, insider Jason P. Marino purchased 700 shares of the stock in a transaction that occurred on Wednesday, September 11th. The stock was purchased at an average price of $69.00 per share, with a total value of $48,300.00. Following the acquisition, the insider now 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 can be accessed through this link. 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.