Deprince Race & Zollo Inc. Acquires 110,469 Shares of Marriott Vacations Worldwide Corporation $VAC

Deprince Race & Zollo Inc. raised its holdings in Marriott Vacations Worldwide Corporation (NYSE:VAC) by 34.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 429,639 shares of the company’s stock after acquiring an additional 110,469 shares during the quarter. Deprince Race & Zollo Inc.’s holdings in Marriott Vacations Worldwide were worth $28,597,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in VAC. Nisa Investment Advisors LLC boosted its position in shares of Marriott Vacations Worldwide by 2.8% in the 2nd quarter. Nisa Investment Advisors LLC now owns 5,047 shares of the company’s stock worth $365,000 after purchasing an additional 139 shares during the last quarter. Assetmark Inc. boosted its holdings in Marriott Vacations Worldwide by 90.6% during the second quarter. Assetmark Inc. now owns 427 shares of the company’s stock worth $31,000 after buying an additional 203 shares during the last quarter. Allworth Financial LP grew its position in shares of Marriott Vacations Worldwide by 79.8% during the 2nd quarter. Allworth Financial LP now owns 473 shares of the company’s stock worth $34,000 after buying an additional 210 shares during the period. Blue Trust Inc. grew its position in shares of Marriott Vacations Worldwide by 37.1% during the 3rd quarter. Blue Trust Inc. now owns 950 shares of the company’s stock worth $63,000 after buying an additional 257 shares during the period. Finally, Prime Capital Investment Advisors LLC increased its stake in shares of Marriott Vacations Worldwide by 7.1% in the 2nd quarter. Prime Capital Investment Advisors LLC now owns 4,075 shares of the company’s stock valued at $295,000 after acquiring an additional 269 shares during the last quarter. Institutional investors own 89.52% of the company’s stock.

Marriott Vacations Worldwide Stock Up 0.4%

Shares of VAC stock opened at $58.50 on Friday. Marriott Vacations Worldwide Corporation has a 12-month low of $44.58 and a 12-month high of $91.92. The company has a quick ratio of 3.22, a current ratio of 3.87 and a debt-to-equity ratio of 2.29. The firm has a fifty day moving average of $57.25 and a 200-day moving average of $68.44. The company has a market capitalization of $2.02 billion, a price-to-earnings ratio of 13.12, a P/E/G ratio of 1.28 and a beta of 1.37.

Marriott Vacations Worldwide (NYSE:VAC) last announced its earnings results on Wednesday, November 5th. The company reported $1.69 earnings per share for the quarter, topping analysts’ consensus estimates of $1.64 by $0.05. Marriott Vacations Worldwide had a net margin of 3.44% and a return on equity of 11.44%. The firm had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same period in the prior year, the business earned $1.80 EPS. The company’s revenue for the quarter was down 3.2% compared to the same quarter last year. Marriott Vacations Worldwide has set its FY 2025 guidance at 6.700-7.100 EPS. As a group, equities research analysts predict that Marriott Vacations Worldwide Corporation will post 6.23 earnings per share for the current fiscal year.

Marriott Vacations Worldwide Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 7th. Investors of record on Wednesday, December 24th will be issued a dividend of $0.80 per share. The ex-dividend date is Wednesday, December 24th. This is a boost from Marriott Vacations Worldwide’s previous quarterly dividend of $0.79. This represents a $3.20 dividend on an annualized basis and a dividend yield of 5.5%. Marriott Vacations Worldwide’s dividend payout ratio is 71.75%.

Insiders Place Their Bets

In other news, Director William W. Mccarten bought 5,000 shares of the business’s stock in a transaction on Thursday, November 20th. The shares were purchased at an average price of $48.08 per share, for a total transaction of $240,400.00. Following the purchase, the director owned 13,708 shares of the company’s stock, valued at approximately $659,080.64. The trade was a 57.42% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Lizanne Galbreath purchased 5,500 shares of the firm’s stock in a transaction dated Tuesday, November 18th. The shares were acquired at an average cost of $46.51 per share, with a total value of $255,805.00. Following the completion of the purchase, the director directly owned 25,714 shares in the company, valued at approximately $1,195,958.14. This represents a 27.21% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have acquired 96,100 shares of company stock worth $4,566,692 in the last 90 days. Company insiders own 1.60% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. The Goldman Sachs Group reduced their price objective on shares of Marriott Vacations Worldwide from $63.00 to $54.00 and set a “sell” rating on the stock in a research note on Tuesday, November 11th. Citizens Jmp cut their target price on shares of Marriott Vacations Worldwide from $115.00 to $60.00 and set a “market outperform” rating on the stock in a report on Friday, November 7th. Barclays decreased their price target on shares of Marriott Vacations Worldwide from $87.00 to $64.00 and set an “overweight” rating for the company in a report on Friday, November 7th. Mizuho downgraded Marriott Vacations Worldwide from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $85.00 to $58.00 in a research note on Tuesday, November 11th. Finally, Wells Fargo & Company started coverage on Marriott Vacations Worldwide in a report on Tuesday, November 18th. They set an “underweight” rating and a $37.00 target price on the stock. Four analysts have rated the stock with a Buy rating, one has given a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $63.38.

Marriott Vacations Worldwide Profile

Marriott Vacations Worldwide Corporation, headquartered in Orlando, Florida, specializes in the development, marketing and management of vacation ownership resorts and related products. Originally launched as a division of Marriott International in 1984, the company became a separate publicly traded entity in 2011. Since then, it has expanded its offerings through both organic growth and strategic acquisitions, establishing itself as a leading provider in the global timeshare industry.

The company’s core business activities include selling vacation ownership interests, managing a growing portfolio of branded resorts and operating a loyalty program that allows members to exchange or use points at affiliated properties.