Marriot Vacations Worldwide Corporation (NYSE:VAC) announced a quarterly dividend on Friday, September 8th, NASDAQ reports. Investors of record on Thursday, September 21st will be given a dividend of 0.35 per share on Thursday, October 5th. This represents a $1.40 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend is Wednesday, September 20th.
Marriot Vacations Worldwide Corporation has a dividend payout ratio of 25.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Marriot Vacations Worldwide Corporation to earn $6.13 per share next year, which means the company should continue to be able to cover its $1.40 annual dividend with an expected future payout ratio of 22.8%.
Marriot Vacations Worldwide Corporation (NYSE VAC) opened at 115.09 on Friday. The firm’s 50-day moving average is $113.48 and its 200-day moving average is $110.18. Marriot Vacations Worldwide Corporation has a 52 week low of $59.33 and a 52 week high of $128.25. The firm has a market cap of $3.11 billion, a price-to-earnings ratio of 20.70 and a beta of 1.15.
Marriot Vacations Worldwide Corporation (NYSE:VAC) last issued its quarterly earnings results on Thursday, August 3rd. The company reported $1.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.26 by $0.34. Marriot Vacations Worldwide Corporation had a net margin of 7.90% and a return on equity of 16.96%. The company had revenue of $497.62 million during the quarter, compared to the consensus estimate of $489.85 million. During the same quarter in the previous year, the firm earned $1.08 earnings per share. The firm’s quarterly revenue was up 17.6% on a year-over-year basis. On average, equities analysts anticipate that Marriot Vacations Worldwide Corporation will post $5.56 earnings per share for the current year.
VAC has been the subject of several recent analyst reports. Zacks Investment Research downgraded shares of Marriot Vacations Worldwide Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, June 21st. ValuEngine upgraded shares of Marriot Vacations Worldwide Corporation from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Buckingham Research initiated coverage on shares of Marriot Vacations Worldwide Corporation in a research report on Monday, June 19th. They set a “buy” rating and a $142.00 price objective for the company. BidaskClub upgraded shares of Marriot Vacations Worldwide Corporation from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 13th. Finally, Stifel Nicolaus boosted their price objective on shares of Marriot Vacations Worldwide Corporation from $102.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday, May 22nd. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $125.43.
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In other Marriot Vacations Worldwide Corporation news, VP John E. Geller, Jr. sold 7,366 shares of the business’s stock in a transaction on Monday, June 26th. The shares were sold at an average price of $119.70, for a total value of $881,710.20. Following the transaction, the vice president now directly owns 82,206 shares of the company’s stock, valued at approximately $9,840,058.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Stephen P. Weisz sold 9,851 shares of the business’s stock in a transaction on Monday, June 26th. The shares were sold at an average price of $119.84, for a total transaction of $1,180,543.84. Following the completion of the transaction, the chief executive officer now directly owns 179,185 shares in the company, valued at $21,473,530.40. The disclosure for this sale can be found here. Insiders sold a total of 54,323 shares of company stock worth $6,399,563 over the last three months. 3.30% of the stock is currently owned by corporate insiders.
Marriot Vacations Worldwide Corporation announced that its Board of Directors has authorized a stock repurchase program on Thursday, August 3rd that authorizes the company to buyback 1,000,000 shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s management believes its shares are undervalued.
Marriot Vacations Worldwide Corporation Company Profile
Marriott Vacations Worldwide Corporation focuses on vacation ownership, based on number of owners, number of resorts and revenues. The Company is an exclusive worldwide developer, marketer, seller and manager of vacation ownership and related products under the Marriott Vacation Club and Grand Residences by Marriott brands.
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