Dimensional Fund Advisors LP Acquires 207,938 Shares of Marriott Vacations Worldwide Co. (NYSE:VAC)

Dimensional Fund Advisors LP raised its holdings in shares of Marriott Vacations Worldwide Co. (NYSE:VAC) by 14.9% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 1,599,789 shares of the company’s stock after acquiring an additional 207,938 shares during the period. Dimensional Fund Advisors LP owned approximately 4.55% of Marriott Vacations Worldwide worth $139,687,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in VAC. Allspring Global Investments Holdings LLC raised its position in shares of Marriott Vacations Worldwide by 615.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 286 shares of the company’s stock valued at $31,000 after acquiring an additional 246 shares during the last quarter. Fidelis Capital Partners LLC bought a new stake in shares of Marriott Vacations Worldwide during the 1st quarter valued at $41,000. Quadrant Capital Group LLC raised its position in shares of Marriott Vacations Worldwide by 20.9% during the 4th quarter. Quadrant Capital Group LLC now owns 1,013 shares of the company’s stock valued at $86,000 after acquiring an additional 175 shares during the last quarter. Innealta Capital LLC bought a new stake in shares of Marriott Vacations Worldwide during the 2nd quarter valued at $90,000. Finally, TFO Wealth Partners LLC increased its position in shares of Marriott Vacations Worldwide by 61,550.0% in the 4th quarter. TFO Wealth Partners LLC now owns 1,233 shares of the company’s stock valued at $105,000 after buying an additional 1,231 shares in the last quarter. Institutional investors own 89.52% of the company’s stock.

Insider Activity at Marriott Vacations Worldwide

In related news, insider Jason P. Marino acquired 700 shares of the business’s stock in a transaction on Wednesday, September 11th. The stock was purchased at an average cost of $69.00 per share, for a total transaction of $48,300.00. Following the completion of the transaction, the insider now directly owns 15,851 shares of the company’s stock, valued at approximately $1,093,719. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.70% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms recently commented on VAC. Truist Financial lowered their price objective on shares of Marriott Vacations Worldwide from $161.00 to $159.00 and set a “buy” rating for the company in a research report on Friday, July 19th. The Goldman Sachs Group began coverage on shares of Marriott Vacations Worldwide in a research report on Wednesday. They issued a “sell” rating and a $62.00 price objective for the company. StockNews.com cut shares of Marriott Vacations Worldwide from a “hold” rating to a “sell” rating in a research report on Friday, July 19th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Marriott Vacations Worldwide from $121.00 to $95.00 and set a “buy” rating for the company in a research report on Tuesday, August 6th. Finally, Mizuho lowered their target price on Marriott Vacations Worldwide from $128.00 to $126.00 and set a “buy” rating for the company in a report on Friday, June 14th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $97.45.

Marriott Vacations Worldwide Trading Down 0.1 %

Marriott Vacations Worldwide stock opened at $74.49 on Friday. The firm has a 50-day moving average of $76.19 and a 200-day moving average of $88.05. Marriott Vacations Worldwide Co. has a one year low of $67.28 and a one year high of $108.57. The company has a debt-to-equity ratio of 2.21, a current ratio of 3.28 and a quick ratio of 2.72. The company has a market cap of $2.62 billion, a price-to-earnings ratio of 13.77, a P/E/G ratio of 0.64 and a beta of 1.81.

Marriott Vacations Worldwide (NYSE:VAC) last posted its quarterly earnings data 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 return on equity of 9.89% and a net margin of 3.41%. The business had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same quarter in the prior year, the company earned $2.19 earnings per share. The company’s quarterly revenue was down 3.2% on a year-over-year basis. On average, equities analysts expect that Marriott Vacations Worldwide Co. will post 6.12 earnings per share for the current fiscal year.

Marriott Vacations Worldwide Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 3rd. Investors of record on Thursday, September 19th will be paid a $0.76 dividend. The ex-dividend date is Thursday, September 19th. This represents a $3.04 annualized dividend and a yield of 4.08%. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is currently 56.19%.

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.