Legal & General Group Plc grew its position in Marriot Vacations Worldwide Corporation (NYSE:VAC) by 2.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 46,975 shares of the company’s stock after acquiring an additional 1,119 shares during the quarter. Legal & General Group Plc owned approximately 0.18% of Marriot Vacations Worldwide worth $5,849,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently modified their holdings of VAC. Prudential Financial Inc. grew its stake in Marriot Vacations Worldwide by 15.2% during the 2nd quarter. Prudential Financial Inc. now owns 58,053 shares of the company’s stock worth $6,836,000 after buying an additional 7,674 shares during the last quarter. Northern Trust Corp grew its stake in Marriot Vacations Worldwide by 4.5% during the 2nd quarter. Northern Trust Corp now owns 446,755 shares of the company’s stock worth $52,605,000 after buying an additional 19,203 shares during the last quarter. First Trust Advisors LP grew its stake in Marriot Vacations Worldwide by 43.9% during the 2nd quarter. First Trust Advisors LP now owns 23,109 shares of the company’s stock worth $2,721,000 after buying an additional 7,045 shares during the last quarter. Cambria Investment Management L.P. bought a new position in Marriot Vacations Worldwide during the 2nd quarter worth $856,000. Finally, Virginia Retirement Systems ET AL grew its stake in Marriot Vacations Worldwide by 235.5% during the 2nd quarter. Virginia Retirement Systems ET AL now owns 10,400 shares of the company’s stock worth $1,225,000 after buying an additional 7,300 shares during the last quarter. Institutional investors and hedge funds own 74.04% of the company’s stock.
In other news, COO R. Lee Cunningham sold 9,000 shares of the company’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $135.02, for a total transaction of $1,215,180.00. Following the completion of the sale, the chief operating officer now owns 19,356 shares in the company, valued at approximately $2,613,447.12. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Melquiades R. Martinez sold 2,812 shares of the company’s stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $133.14, for a total value of $374,389.68. Following the sale, the director now owns 445 shares of the company’s stock, valued at approximately $59,247.30. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,312 shares of company stock worth $1,925,645. Insiders own 3.30% of the company’s stock.
A number of brokerages have issued reports on VAC. ValuEngine lowered Marriot Vacations Worldwide from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Nomura boosted their price target on Marriot Vacations Worldwide from $151.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, November 3rd. Instinet began coverage on Marriot Vacations Worldwide in a research report on Wednesday, October 25th. They set a “buy” rating and a $151.00 price target for the company. Zacks Investment Research lowered Marriot Vacations Worldwide from a “hold” rating to a “sell” rating in a research report on Wednesday, October 25th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $130.00 price objective (up previously from $120.00) on shares of Marriot Vacations Worldwide in a report on Thursday, September 21st. Two research analysts have rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $133.22.
Shares of Marriot Vacations Worldwide Corporation (NYSE:VAC) traded up $2.19 during midday trading on Friday, hitting $131.60. The stock had a trading volume of 463,260 shares, compared to its average volume of 155,477. Marriot Vacations Worldwide Corporation has a twelve month low of $79.79 and a twelve month high of $143.53. The stock has a market capitalization of $3,486.74, a P/E ratio of 21.72 and a beta of 1.19. The company has a debt-to-equity ratio of 1.21, a quick ratio of 4.65 and a current ratio of 6.64.
Marriot Vacations Worldwide (NYSE:VAC) last posted its quarterly earnings results on Thursday, November 2nd. The company reported $1.41 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.27. Marriot Vacations Worldwide had a return on equity of 17.91% and a net margin of 8.28%. The firm had revenue of $486.99 million for the quarter, compared to analyst estimates of $470.05 million. During the same period in the previous year, the firm earned $0.96 earnings per share. Marriot Vacations Worldwide’s quarterly revenue was up 21.2% on a year-over-year basis. research analysts anticipate that Marriot Vacations Worldwide Corporation will post 5.38 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, January 4th. Shareholders of record on Thursday, December 21st will be given a $0.40 dividend. This is a positive change from Marriot Vacations Worldwide’s previous quarterly dividend of $0.35. This represents a $1.60 annualized dividend and a yield of 1.22%. The ex-dividend date is Wednesday, December 20th. Marriot Vacations Worldwide’s dividend payout ratio is presently 23.10%.
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Marriot Vacations Worldwide 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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