SG Americas Securities LLC lifted its holdings in Marriott Vacations Worldwide Co. (NYSE:VAC) by 19.6% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 13,722 shares of the company’s stock after acquiring an additional 2,247 shares during the quarter. SG Americas Securities LLC owned 0.05% of Marriott Vacations Worldwide worth $1,828,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in VAC. Valeo Financial Advisors LLC bought a new stake in shares of Marriott Vacations Worldwide in the 4th quarter worth approximately $101,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Marriott Vacations Worldwide by 56.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,205 shares of the company’s stock worth $163,000 after acquiring an additional 435 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its holdings in shares of Marriott Vacations Worldwide by 42.0% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,231 shares of the company’s stock worth $166,000 after acquiring an additional 364 shares during the last quarter. Capital Investment Advisors LLC bought a new stake in shares of Marriott Vacations Worldwide in the 4th quarter worth approximately $206,000. Finally, Godsey & Gibb Associates bought a new stake in shares of Marriott Vacations Worldwide in the 4th quarter worth approximately $208,000. Hedge funds and other institutional investors own 73.79% of the company’s stock.
A number of equities research analysts have recently weighed in on the stock. ValuEngine lowered shares of Marriott Vacations Worldwide from a “buy” rating to a “hold” rating in a report on Tuesday, May 1st. Janney Montgomery Scott restated a “buy” rating and issued a $122.61 price objective on shares of Marriott Vacations Worldwide in a report on Tuesday, May 1st. SunTrust Banks upgraded shares of Marriott Vacations Worldwide from a “hold” rating to a “buy” rating in a report on Monday, April 30th. Finally, Deutsche Bank lowered their price objective on shares of Marriott Vacations Worldwide from $139.00 to $130.00 and set a “hold” rating for the company in a report on Friday, May 4th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the stock. Marriott Vacations Worldwide presently has an average rating of “Buy” and a consensus target price of $137.07.
NYSE:VAC opened at $117.69 on Friday. Marriott Vacations Worldwide Co. has a 52 week low of $116.52 and a 52 week high of $118.29. The company has a debt-to-equity ratio of 0.95, a current ratio of 5.59 and a quick ratio of 3.83. The firm has a market cap of $3.10 billion, a P/E ratio of 20.36 and a beta of 1.33.
Marriott Vacations Worldwide (NYSE:VAC) last issued its quarterly earnings data on Thursday, May 3rd. The company reported $1.39 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.50 by ($0.11). The company had revenue of $570.80 million for the quarter, compared to analysts’ expectations of $519.37 million. Marriott Vacations Worldwide had a net margin of 11.25% and a return on equity of 16.31%. The firm’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.22 earnings per share. equities research analysts expect that Marriott Vacations Worldwide Co. will post 7.07 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 11th. Shareholders of record on Monday, May 28th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date is Thursday, May 24th. Marriott Vacations Worldwide’s payout ratio is currently 27.68%.
In other news, VP Dwight D. Smith sold 1,250 shares of the company’s stock in a transaction dated Wednesday, March 7th. The shares were sold at an average price of $146.60, for a total value of $183,250.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Michael E. Yonker sold 2,636 shares of the company’s stock in a transaction dated 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. 3.50% of the stock is currently owned by insiders.
About Marriott Vacations Worldwide
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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