Stock Traders Buy High Volume of Put Options on Marriott Vacations Worldwide (VAC)

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Marriott Vacations Worldwide Corp (NYSE:VAC) was the target of some unusual options trading on Wednesday. Stock investors acquired 1,315 put options on the stock. This represents an increase of 1,242% compared to the average volume of 98 put options.

In related news, Director Charles Elliott Andrews acquired 6,380 shares of the company’s stock in a transaction on Wednesday, November 28th. The shares were acquired at an average cost of $79.17 per share, for a total transaction of $505,104.60. Following the purchase, the director now owns 6,380 shares in the company, valued at $505,104.60. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 3.50% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. We Are One Seven LLC bought a new position in Marriott Vacations Worldwide in the 4th quarter worth about $32,000. Exane Derivatives bought a new stake in shares of Marriott Vacations Worldwide during the 4th quarter valued at about $38,000. Doyle Wealth Management bought a new stake in shares of Marriott Vacations Worldwide during the 4th quarter valued at about $38,000. Huntington National Bank boosted its position in shares of Marriott Vacations Worldwide by 65.4% during the 4th quarter. Huntington National Bank now owns 579 shares of the company’s stock valued at $41,000 after acquiring an additional 229 shares during the last quarter. Finally, Private Capital Group LLC boosted its position in shares of Marriott Vacations Worldwide by 205.2% during the 4th quarter. Private Capital Group LLC now owns 757 shares of the company’s stock valued at $53,000 after acquiring an additional 509 shares during the last quarter. Institutional investors and hedge funds own 81.40% of the company’s stock.

Shares of NYSE VAC opened at $97.00 on Thursday. Marriott Vacations Worldwide has a 52 week low of $60.67 and a 52 week high of $150.00. The company has a quick ratio of 3.00, a current ratio of 3.83 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $4.48 billion, a price-to-earnings ratio of 15.98, a P/E/G ratio of 1.21 and a beta of 1.63.

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 14th. Shareholders of record on Thursday, February 28th will be paid a $0.45 dividend. The ex-dividend date is Wednesday, February 27th. This represents a $1.80 annualized dividend and a yield of 1.86%. Marriott Vacations Worldwide’s dividend payout ratio is currently 31.14%.

Several equities research analysts have recently issued reports on the company. Zacks Investment Research lowered Marriott Vacations Worldwide from a “buy” rating to a “hold” rating in a research report on Saturday, February 9th. ValuEngine raised Marriott Vacations Worldwide from a “strong sell” rating to a “sell” rating in a research report on Thursday, January 24th. Macquarie lowered Marriott Vacations Worldwide from an “outperform” rating to a “neutral” rating in a research report on Thursday, November 15th. Finally, Deutsche Bank decreased their price objective on Marriott Vacations Worldwide from $134.00 to $93.00 and set a “hold” rating for the company in a report on Monday, January 7th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company’s stock. Marriott Vacations Worldwide has a consensus rating of “Buy” and a consensus price target of $132.58.

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Marriott Vacations Worldwide Company 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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