Schwab Charles Investment Management Inc. increased its stake in shares of Marriott Vacations Worldwide Corp (NYSE:VAC) by 7.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 149,988 shares of the company’s stock after purchasing an additional 10,555 shares during the quarter. Schwab Charles Investment Management Inc. owned about 0.57% of Marriott Vacations Worldwide worth $18,679,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Campbell & CO Investment Adviser LLC acquired a new position in Marriott Vacations Worldwide in the third quarter valued at approximately $328,000. Legal & General Group Plc lifted its holdings in Marriott Vacations Worldwide by 2.4% in the third quarter. Legal & General Group Plc now owns 46,975 shares of the company’s stock valued at $5,849,000 after buying an additional 1,119 shares during the period. ETRADE Capital Management LLC lifted its holdings in Marriott Vacations Worldwide by 13.7% in the third quarter. ETRADE Capital Management LLC now owns 10,762 shares of the company’s stock valued at $1,340,000 after buying an additional 1,294 shares during the period. Teachers Retirement System of The State of Kentucky lifted its holdings in Marriott Vacations Worldwide by 2.6% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 23,852 shares of the company’s stock valued at $2,970,000 after buying an additional 603 shares during the period. Finally, American International Group Inc. lifted its holdings in Marriott Vacations Worldwide by 5.3% in the third quarter. American International Group Inc. now owns 17,629 shares of the company’s stock valued at $2,195,000 after buying an additional 880 shares during the period. 74.00% of the stock is currently owned by institutional investors and hedge funds.
VAC has been the topic of several analyst reports. Nomura increased their price objective on shares of Marriott Vacations Worldwide from $151.00 to $160.00 and gave the company a “buy” rating in a report on Friday, November 3rd. Instinet started coverage on shares of Marriott Vacations Worldwide in a report on Wednesday, October 25th. They issued a “buy” rating and a $151.00 price objective on the stock. Stifel Nicolaus reiterated a “buy” rating and issued a $130.00 target price (up from $120.00) on shares of Marriott Vacations Worldwide in a report on Thursday, September 21st. Zacks Investment Research lowered shares of Marriott Vacations Worldwide from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 5th. Finally, ValuEngine lowered shares of Marriott Vacations Worldwide from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company. Marriott Vacations Worldwide presently has an average rating of “Hold” and an average target price of $133.22.
In related news, VP Michael E. Yonker sold 2,500 shares of the firm’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $134.43, for a total transaction of $336,075.00. Following the sale, the vice president now directly owns 3,128 shares in the company, valued at $420,497.04. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO R. Lee Cunningham sold 9,000 shares of the firm’s stock in a transaction on 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 sale, the chief operating officer now owns 19,356 shares in the company, valued at $2,613,447.12. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 14,312 shares of company stock worth $1,925,645. 3.30% of the stock is currently owned by company insiders.
Shares of Marriott Vacations Worldwide Corp (NYSE VAC) traded up $1.34 during trading hours on Thursday, hitting $136.33. 163,873 shares of the company were exchanged, compared to its average volume of 163,947. Marriott Vacations Worldwide Corp has a fifty-two week low of $79.83 and a fifty-two week high of $143.53. The company has a current ratio of 6.64, a quick ratio of 4.65 and a debt-to-equity ratio of 1.21. The firm has a market capitalization of $3,610.00, a price-to-earnings ratio of 22.46 and a beta of 1.20.
Marriott Vacations Worldwide (NYSE:VAC) last issued its quarterly earnings data on Thursday, November 2nd. The company reported $1.41 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.27. Marriott Vacations Worldwide had a net margin of 8.28% and a return on equity of 17.91%. The business had revenue of $486.99 million for the quarter, compared to analyst estimates of $470.05 million. During the same period last year, the business posted $0.96 earnings per share. The firm’s quarterly revenue was up 21.2% on a year-over-year basis. equities analysts predict that Marriott Vacations Worldwide Corp will post 5.38 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 4th. Investors of record on Thursday, December 21st were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.17%. This is a positive change from Marriott Vacations Worldwide’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Wednesday, December 20th. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is presently 26.36%.
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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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