Scopus Asset Management L.P. decreased its stake in Marriott Vacations Worldwide Corp (NYSE:VAC) by 54.0% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 265,960 shares of the company’s stock after selling 312,811 shares during the quarter. Scopus Asset Management L.P. owned 1.00% of Marriott Vacations Worldwide worth $35,426,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also made changes to their positions in the stock. Valeo Financial Advisors LLC bought a new position in shares of Marriott Vacations Worldwide during the 4th quarter worth approximately $101,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Marriott Vacations Worldwide by 56.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,205 shares of the company’s stock worth $163,000 after buying an additional 435 shares during the period. Ladenburg Thalmann Financial Services Inc. raised its position in 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 valued at $166,000 after purchasing an additional 364 shares during the last quarter. Element Capital Management LLC bought a new position in Marriott Vacations Worldwide in the 1st quarter valued at $228,000. Finally, Xact Kapitalforvaltning AB bought a new position in Marriott Vacations Worldwide in the 4th quarter valued at $239,000. 72.72% of the stock is owned by hedge funds and other institutional investors.
Shares of Marriott Vacations Worldwide opened at $112.96 on Friday, Marketbeat reports. The company has a debt-to-equity ratio of 0.95, a current ratio of 5.59 and a quick ratio of 3.83. Marriott Vacations Worldwide Corp has a 12-month low of $107.17 and a 12-month high of $154.14. The firm has a market cap of $2.89 billion, a P/E ratio of 18.23 and a beta of 1.33.
Marriott Vacations Worldwide (NYSE:VAC) last issued its earnings results on Thursday, May 3rd. The company reported $1.39 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.50 by ($0.11). Marriott Vacations Worldwide had a net margin of 11.25% and a return on equity of 16.31%. The firm had revenue of $570.80 million during the quarter, compared to analyst estimates of $519.37 million. During the same quarter in the prior year, the business earned $1.22 earnings per share. The business’s quarterly revenue was up 8.0% on a year-over-year basis. analysts expect that Marriott Vacations Worldwide Corp will post 7.09 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, June 11th. Investors of record on Monday, May 28th were issued a $0.40 dividend. The ex-dividend date of this dividend was Thursday, May 24th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.42%. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is presently 27.68%.
A number of research firms have recently weighed in on VAC. Wolfe Research started coverage on Marriott Vacations Worldwide in a research report on Friday, June 8th. They set an “outperform” rating for the company. Stifel Nicolaus decreased their target price on Marriott Vacations Worldwide from $160.00 to $147.00 and set a “buy” rating for the company in a research note on Wednesday, June 20th. SunTrust Banks boosted their price target on Marriott Vacations Worldwide to $149.00 and gave the company a “hold” rating in a report on Tuesday, March 27th. They noted that the move was a valuation call. ValuEngine lowered Marriott Vacations Worldwide from a “buy” rating to a “hold” rating in a report on Tuesday, May 1st. Finally, Credit Suisse Group assumed coverage on Marriott Vacations Worldwide in a research note on Friday, May 18th. They issued an “outperform” rating and a $146.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $139.40.
In related news, CEO Stephen P. Weisz bought 4,058 shares of the business’s stock in a transaction that occurred on Friday, June 15th. The stock was bought at an average cost of $117.86 per share, for a total transaction of $478,275.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Stephen P. Weisz bought 3,500 shares of the business’s stock in a transaction that occurred on Thursday, June 28th. The stock was bought at an average price of $108.43 per share, with a total value of $379,505.00. Following the completion of the transaction, the chief executive officer now directly owns 180,017 shares of the company’s stock, valued at approximately $19,519,243.31. The disclosure for this purchase can be found here. Insiders own 3.50% of the company’s stock.
Marriott Vacations Worldwide Profile
Marriott Vacations Worldwide Corporation develops, markets, sells, and manages vacation ownership and related products under the Marriott Vacation Club, Grand Residences by Marriott, and Marriott Vacation Club Pulse brands. It operates through three segments: North America, Asia Pacific, and Europe. The company also develops, markets, and sells vacation ownership and related products under The Ritz-Carlton Destination Club brand; and holds right to develop, market, and sell ownership residential products under The Ritz-Carlton Residences brand.
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