Vanguard Group Inc. Has $309.78 Million Holdings in Marriott Vacations Worldwide Co. (NYSE:VAC)

Vanguard Group Inc. cut its holdings in shares of Marriott Vacations Worldwide Co. (NYSE:VAC) by 2.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,078,390 shares of the company’s stock after selling 92,017 shares during the quarter. Vanguard Group Inc. owned 8.67% of Marriott Vacations Worldwide worth $309,778,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Raymond James & Associates raised its holdings in Marriott Vacations Worldwide by 6.0% in the 1st quarter. Raymond James & Associates now owns 2,004 shares of the company’s stock valued at $316,000 after acquiring an additional 113 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in Marriott Vacations Worldwide by 5.6% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 4,483 shares of the company’s stock valued at $707,000 after purchasing an additional 238 shares in the last quarter. Acadian Asset Management LLC bought a new stake in Marriott Vacations Worldwide during the first quarter worth about $55,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in Marriott Vacations Worldwide by 10.5% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 15,611 shares of the company’s stock worth $2,462,000 after buying an additional 1,489 shares in the last quarter. Finally, Great West Life Assurance Co. Can increased its holdings in Marriott Vacations Worldwide by 8.2% in the 1st quarter. Great West Life Assurance Co. Can now owns 23,651 shares of the company’s stock valued at $3,832,000 after buying an additional 1,801 shares during the period. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on VAC shares. Barclays upped their price target on shares of Marriott Vacations Worldwide from $90.00 to $102.00 and gave the stock an “equal weight” rating in a report on Friday, February 23rd. Jefferies Financial Group lifted their price target on Marriott Vacations Worldwide from $90.00 to $92.00 and gave the company a “hold” rating in a research note on Tuesday, January 2nd. Mizuho started coverage on Marriott Vacations Worldwide in a research report on Tuesday. They set a “buy” rating and a $128.00 price objective for the company. JMP Securities raised their price objective on Marriott Vacations Worldwide from $105.00 to $115.00 and gave the company a “market outperform” rating in a research note on Monday, February 26th. Finally, JPMorgan Chase & Co. boosted their target price on Marriott Vacations Worldwide from $93.00 to $107.00 and gave the stock a “neutral” rating in a research note on Friday, February 23rd. Two analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $109.71.

Marriott Vacations Worldwide Price Performance

Marriott Vacations Worldwide stock opened at $105.30 on Thursday. The stock has a 50-day moving average price of $90.88 and a two-hundred day moving average price of $88.84. Marriott Vacations Worldwide Co. has a 12 month low of $72.78 and a 12 month high of $140.30. The company has a market capitalization of $3.70 billion, a PE ratio of 16.85 and a beta of 1.84. The company has a current ratio of 3.15, a quick ratio of 2.64 and a debt-to-equity ratio of 2.16.

Marriott Vacations Worldwide (NYSE:VAC) last issued its quarterly earnings data on Wednesday, February 21st. The company reported $1.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.80 by $0.08. Marriott Vacations Worldwide had a net margin of 5.37% and a return on equity of 13.21%. The business had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same quarter last year, the business earned $2.74 EPS. The firm’s quarterly revenue was up .5% on a year-over-year basis. Analysts expect that Marriott Vacations Worldwide Co. will post 7.81 EPS for the current year.

Marriott Vacations Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 14th. Stockholders of record on Thursday, February 29th were issued a dividend of $0.76 per share. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 2.89%. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is presently 48.64%.

Marriott Vacations Worldwide Company Profile

Marriott Vacations Worldwide Corporation, a vacation company, develops, markets, sells, and manages vacation ownership and related businesses, products, and services in the United States and internationally. It operates through two segments, Vacation Ownership and Exchange & Third-Party Management.