Invictus RG purchased a new position in shares of Marriott Vacations Worldwide Corp (NYSE:VAC) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 2,484 shares of the company’s stock, valued at approximately $336,000.
Other large investors have also modified their holdings of the company. Valeo Financial Advisors LLC bought a new stake in shares of Marriott Vacations Worldwide in the fourth quarter worth $101,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Marriott Vacations Worldwide by 56.5% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,205 shares of the company’s stock worth $163,000 after acquiring an additional 435 shares in the last quarter. Capital Investment Advisors LLC bought a new stake in Marriott Vacations Worldwide during the fourth quarter worth $206,000. Godsey & Gibb Associates acquired a new position in shares of Marriott Vacations Worldwide in the fourth quarter valued at $208,000. Finally, DekaBank Deutsche Girozentrale increased its holdings in shares of Marriott Vacations Worldwide by 87.9% in the third quarter. DekaBank Deutsche Girozentrale now owns 1,896 shares of the company’s stock valued at $210,000 after purchasing an additional 887 shares during the last quarter. Institutional investors own 73.96% of the company’s stock.
In other news, VP Dwight D. Smith sold 1,250 shares of the firm’s stock in a transaction that occurred on Wednesday, March 7th. The shares were sold at an average price of $146.60, for a total transaction of $183,250.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Michael E. Yonker sold 2,636 shares of the firm’s stock in a transaction that occurred on Thursday, March 1st. The stock was sold at an average price of $143.21, for a total transaction of $377,501.56. The disclosure for this sale can be found here. Insiders have sold a total of 5,128 shares of company stock valued at $748,368 in the last three months. Insiders own 3.30% of the company’s stock.
Shares of Marriott Vacations Worldwide Corp (NYSE:VAC) traded down $2.33 during midday trading on Wednesday, reaching $143.93. 199,523 shares of the company were exchanged, compared to its average volume of 187,778. The company has a market cap of $3,922.11, a price-to-earnings ratio of 17.53 and a beta of 1.29. Marriott Vacations Worldwide Corp has a 1-year low of $92.13 and a 1-year high of $154.14. The company has a current ratio of 5.22, a quick ratio of 3.71 and a debt-to-equity ratio of 1.05.
Marriott Vacations Worldwide (NYSE:VAC) last issued its quarterly earnings data on Tuesday, February 27th. The company reported $1.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.40. The business had revenue of $481.22 million during the quarter, compared to analyst estimates of $491.36 million. Marriott Vacations Worldwide had a net margin of 11.61% and a return on equity of 16.46%. The firm’s quarterly revenue was down 14.8% on a year-over-year basis. During the same quarter last year, the business earned $1.83 EPS. analysts predict that Marriott Vacations Worldwide Corp will post 6.94 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date is Wednesday, February 28th. Marriott Vacations Worldwide’s dividend payout ratio is presently 19.49%.
Several research firms have commented on VAC. ValuEngine upgraded shares of Marriott Vacations Worldwide from a “hold” rating to a “buy” rating in a report on Monday, February 5th. SunTrust Banks restated a “hold” rating and issued a $141.00 price target on shares of Marriott Vacations Worldwide in a research note on Tuesday, February 27th. Zacks Investment Research upgraded shares of Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a research note on Friday, January 12th. Finally, Macquarie assumed coverage on shares of Marriott Vacations Worldwide in a research note on Friday, January 5th. They issued an “outperform” rating on the stock. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $136.11.
Marriott Vacations Worldwide 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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