QS Investors LLC decreased its position in Marriott Vacations Worldwide Corp (NYSE:VAC) by 5.0% during the 4th quarter, HoldingsChannel reports. The fund owned 56,839 shares of the company’s stock after selling 2,982 shares during the quarter. QS Investors LLC’s holdings in Marriott Vacations Worldwide were worth $7,685,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also recently modified their holdings of the company. First Trust Advisors LP boosted its holdings in Marriott Vacations Worldwide by 9.7% during the third quarter. First Trust Advisors LP now owns 25,341 shares of the company’s stock worth $3,156,000 after buying an additional 2,232 shares in the last quarter. Crossmark Global Holdings Inc. purchased a new stake in Marriott Vacations Worldwide during the third quarter worth about $614,000. Breton Hill Capital Ltd. purchased a new stake in Marriott Vacations Worldwide during the third quarter worth about $230,000. BNP Paribas Arbitrage SA boosted its holdings in Marriott Vacations Worldwide by 49.6% during the third quarter. BNP Paribas Arbitrage SA now owns 12,503 shares of the company’s stock worth $1,557,000 after buying an additional 4,147 shares in the last quarter. Finally, Sei Investments Co. boosted its holdings in Marriott Vacations Worldwide by 13.6% during the third quarter. Sei Investments Co. now owns 64,881 shares of the company’s stock worth $8,079,000 after buying an additional 7,774 shares in the last quarter. 73.96% of the stock is currently owned by institutional investors and hedge funds.
In other Marriott Vacations Worldwide news, VP Michael E. Yonker sold 2,636 shares of the company’s stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $143.21, for a total value of $377,501.56. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 transaction of $183,250.00. The disclosure for this sale can be found here. Insiders sold 5,128 shares of company stock worth $748,368 in the last ninety days. Insiders own 3.30% of the company’s stock.
A number of analysts recently commented on VAC shares. Zacks Investment Research downgraded shares of Marriott Vacations Worldwide from a “hold” rating to a “sell” rating in a report on Saturday, January 6th. ValuEngine downgraded shares of Marriott Vacations Worldwide from a “buy” rating to a “hold” rating in a report on Friday, December 1st. SunTrust Banks reissued a “hold” rating and set a $141.00 price objective on shares of Marriott Vacations Worldwide in a report on Tuesday, February 27th. Finally, Macquarie started coverage on shares of Marriott Vacations Worldwide in a report on Friday, January 5th. They set an “outperform” rating on the stock. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $136.11.
Shares of Marriott Vacations Worldwide Corp (NYSE VAC) opened at $147.80 on Tuesday. Marriott Vacations Worldwide Corp has a fifty-two week low of $91.37 and a fifty-two week high of $154.14. The stock has a market cap of $3,932.99, a PE ratio of 25.60 and a beta of 1.29. The company has a debt-to-equity ratio of 1.05, a current ratio of 5.22 and a quick ratio of 3.71.
Marriott Vacations Worldwide (NYSE:VAC) last announced its quarterly earnings results on Tuesday, February 27th. The company reported $1.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.40. Marriott Vacations Worldwide had a net margin of 11.61% and a return on equity of 16.46%. The company had revenue of $481.22 million for the quarter, compared to the consensus estimate of $491.36 million. During the same quarter in the prior year, the firm earned $1.83 earnings per share. The company’s revenue for the quarter was down 14.8% compared to the same quarter last year. equities research analysts expect that Marriott Vacations Worldwide Corp will post 6.94 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.08%. The ex-dividend date of this dividend is Wednesday, February 28th. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is presently 19.49%.
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Marriott Vacations Worldwide Company 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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