Semanteon Capital Management LP Buys New Shares in Marriott Vacations Worldwide Co. (NYSE:VAC)

Semanteon Capital Management LP bought a new stake in shares of Marriott Vacations Worldwide Co. (NYSE:VAC) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 3,209 shares of the company’s stock, valued at approximately $236,000.

Other large investors have also made changes to their positions in the company. Retirement Systems of Alabama boosted its holdings in Marriott Vacations Worldwide by 0.3% in the 1st quarter. Retirement Systems of Alabama now owns 41,478 shares of the company’s stock worth $4,468,000 after buying an additional 109 shares during the last quarter. Diversified Trust Co increased its position in shares of Marriott Vacations Worldwide by 3.0% during the first quarter. Diversified Trust Co now owns 3,833 shares of the company’s stock worth $413,000 after acquiring an additional 112 shares during the period. Covestor Ltd increased its position in shares of Marriott Vacations Worldwide by 10.5% during the first quarter. Covestor Ltd now owns 1,670 shares of the company’s stock worth $180,000 after acquiring an additional 159 shares during the period. State of Michigan Retirement System increased its position in shares of Marriott Vacations Worldwide by 2.5% during the first quarter. State of Michigan Retirement System now owns 8,113 shares of the company’s stock worth $874,000 after acquiring an additional 200 shares during the period. Finally, Commonwealth Equity Services LLC grew its stake in shares of Marriott Vacations Worldwide by 5.4% during the second quarter. Commonwealth Equity Services LLC now owns 4,251 shares of the company’s stock worth $371,000 after purchasing an additional 216 shares in the last quarter. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Marriott Vacations Worldwide news, insider Jason P. Marino bought 700 shares of Marriott Vacations Worldwide stock in a transaction dated Wednesday, September 11th. The shares were bought at an average price of $69.00 per share, with a total value of $48,300.00. Following the purchase, the insider now owns 15,851 shares of the company’s stock, valued at $1,093,719. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 1.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on VAC shares. Deutsche Bank Aktiengesellschaft decreased 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 note on Tuesday, August 6th. StockNews.com lowered shares of Marriott Vacations Worldwide from a “hold” rating to a “sell” rating 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, September 18th. They set a “sell” rating and a $62.00 target price on the stock. Truist Financial decreased their target price on shares of Marriott Vacations Worldwide from $161.00 to $159.00 and set a “buy” rating on the stock in a research report on Friday, July 19th. Finally, JMP Securities cut their target price on shares of 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. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Marriott Vacations Worldwide presently has a consensus rating of “Hold” and a consensus target price of $96.65.

Marriott Vacations Worldwide Stock Performance

VAC stock opened at $79.63 on Tuesday. The firm has a 50 day moving average of $74.19 and a two-hundred day moving average of $83.45. The company has a quick ratio of 2.72, a current ratio of 3.28 and a debt-to-equity ratio of 2.21. Marriott Vacations Worldwide Co. has a 12 month low of $67.28 and a 12 month high of $108.57. The company has a market capitalization of $2.80 billion, a price-to-earnings ratio of 14.72, a P/E/G ratio of 0.71 and a beta of 1.80.

Marriott Vacations Worldwide (NYSE:VAC) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $1.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.89). Marriott Vacations Worldwide had a net margin of 3.41% and a return on equity of 9.89%. The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.21 billion. During the same quarter in the prior year, the company posted $2.19 EPS. The company’s quarterly revenue was down 3.2% compared to the same quarter last year. As a group, equities analysts anticipate that Marriott Vacations Worldwide Co. will post 6.11 EPS for the current fiscal year.

Marriott Vacations Worldwide Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Thursday, September 19th were issued a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 3.82%. The ex-dividend date of this dividend was Thursday, September 19th. Marriott Vacations Worldwide’s dividend payout ratio is currently 56.19%.

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.