Canada Pension Plan Investment Board acquired a new stake in shares of Marriott Vacations Worldwide Corp (NYSE:VAC) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 4,362 shares of the company’s stock, valued at approximately $487,000.
Other institutional investors have also recently made changes to their positions in the company. Itau Unibanco Holding S.A. bought a new position in shares of Marriott Vacations Worldwide during the 2nd quarter valued at about $108,000. Macquarie Group Ltd. increased its position in shares of Marriott Vacations Worldwide by 266.7% during the 2nd quarter. Macquarie Group Ltd. now owns 1,100 shares of the company’s stock valued at $124,000 after purchasing an additional 800 shares during the last quarter. Moneta Group Investment Advisors LLC bought a new position in shares of Marriott Vacations Worldwide during the 2nd quarter valued at about $132,000. Cerebellum GP LLC bought a new position in shares of Marriott Vacations Worldwide during the 3rd quarter valued at about $151,000. Finally, Ferguson Wellman Capital Management Inc. bought a new position in shares of Marriott Vacations Worldwide during the 2nd quarter valued at about $211,000. Hedge funds and other institutional investors own 79.25% of the company’s stock.
In related news, VP John E. Geller, Jr. bought 6,000 shares of the company’s stock in a transaction that occurred on Monday, November 12th. The stock was bought at an average cost of $76.73 per share, for a total transaction of $460,380.00. Following the acquisition, the vice president now directly owns 79,165 shares of the company’s stock, valued at approximately $6,074,330.45. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Stephen P. Weisz acquired 2,355 shares of the company’s stock in a transaction on Friday, November 9th. The stock was acquired at an average price of $81.22 per share, with a total value of $191,273.10. Following the acquisition, the chief executive officer now owns 186,352 shares in the company, valued at approximately $15,135,509.44. The disclosure for this purchase can be found here. Insiders have purchased a total of 14,735 shares of company stock valued at $1,156,758 over the last 90 days. 3.50% of the stock is currently owned by company insiders.
Shares of VAC stock opened at $72.57 on Tuesday. The stock has a market cap of $3.40 billion, a P/E ratio of 12.56, a P/E/G ratio of 1.24 and a beta of 1.52. Marriott Vacations Worldwide Corp has a 1-year low of $70.50 and a 1-year high of $154.14. The company has a debt-to-equity ratio of 1.11, a current ratio of 3.83 and a quick ratio of 3.00.
Marriott Vacations Worldwide (NYSE:VAC) last issued its earnings results on Wednesday, November 7th. The company reported $1.42 earnings per share for the quarter, missing the consensus estimate of $1.76 by ($0.34). The company had revenue of $750.00 million for the quarter, compared to analysts’ expectations of $717.48 million. Marriott Vacations Worldwide had a net margin of 4.04% and a return on equity of 10.28%. The company’s revenue was up 41.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.39 earnings per share. As a group, equities research analysts expect that Marriott Vacations Worldwide Corp will post 5.83 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, January 3rd. Investors of record on Thursday, December 20th will be issued a dividend of $0.45 per share. The ex-dividend date is Wednesday, December 19th. This is a boost from Marriott Vacations Worldwide’s previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a yield of 2.48%. Marriott Vacations Worldwide’s dividend payout ratio is currently 27.68%.
Several equities analysts have recently commented on the company. Zacks Investment Research upgraded Marriott Vacations Worldwide from a “hold” rating to a “buy” rating and set a $95.00 price objective on the stock in a research report on Wednesday, October 31st. Macquarie lowered Marriott Vacations Worldwide from an “outperform” rating to a “neutral” rating in a research report on Thursday, November 15th. ValuEngine upgraded Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a research report on Friday, September 21st. Finally, Nomura set a $158.00 price objective on Marriott Vacations Worldwide and gave the company a “buy” rating in a research report on Thursday, August 23rd. 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. The company currently has an average rating of “Buy” and a consensus target price of $137.20.
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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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