Paloma Partners Management Co raised its stake in Marriott Vacations Worldwide Corp (NYSE:VAC) by 195.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,031 shares of the company’s stock after buying an additional 4,651 shares during the quarter. Paloma Partners Management Co’s holdings in Marriott Vacations Worldwide were worth $951,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. BlackRock Inc. lifted its position in Marriott Vacations Worldwide by 0.5% in the fourth quarter. BlackRock Inc. now owns 2,879,448 shares of the company’s stock valued at $389,331,000 after buying an additional 14,786 shares during the last quarter. Nicholas Investment Partners LP acquired a new stake in shares of Marriott Vacations Worldwide during the fourth quarter worth about $3,134,000. Bamco Inc. NY lifted its position in shares of Marriott Vacations Worldwide by 0.6% during the third quarter. Bamco Inc. NY now owns 2,162,214 shares of the company’s stock worth $269,261,000 after purchasing an additional 13,800 shares in the last quarter. Rothschild Asset Management Inc. lifted its position in shares of Marriott Vacations Worldwide by 5.7% during the third quarter. Rothschild Asset Management Inc. now owns 343,916 shares of the company’s stock worth $42,828,000 after purchasing an additional 18,396 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in shares of Marriott Vacations Worldwide during the fourth quarter worth about $22,781,000. 73.97% of the stock is currently owned by institutional investors.
Several analysts have recently issued reports on VAC shares. ValuEngine raised shares of Marriott Vacations Worldwide from a “hold” rating to a “buy” rating in a research report on Monday, February 5th. SunTrust Banks reissued a “hold” rating and set a $141.00 price target on shares of Marriott Vacations Worldwide in a research report on Tuesday, February 27th. Zacks Investment Research raised shares of Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a research report on Friday, January 12th. Finally, Macquarie started coverage on shares of Marriott Vacations Worldwide in a research report on Friday, January 5th. They set an “outperform” rating on the stock. One investment 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. Marriott Vacations Worldwide presently has a consensus rating of “Buy” and a consensus price target of $136.11.
In related news, VP Dwight D. Smith sold 1,250 shares of the firm’s stock in a transaction that occurred on Wednesday, March 7th. The shares were sold at an average price of $146.60, for a total value of $183,250.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Michael E. Yonker sold 1,242 shares of the firm’s stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $151.06, for a total transaction of $187,616.52. Following the completion of the sale, the vice president now directly owns 4,894 shares in the company, valued at approximately $739,287.64. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,128 shares of company stock worth $748,368. 3.30% of the stock is owned by corporate insiders.
Shares of Marriott Vacations Worldwide Corp (NYSE:VAC) opened at $140.98 on Tuesday. The firm has a market cap of $3,762.36, a P/E ratio of 24.49 and a beta of 1.29. Marriott Vacations Worldwide Corp has a 1-year low of $93.30 and a 1-year high of $154.14. The company has a quick ratio of 3.71, a current ratio of 5.22 and a debt-to-equity ratio of 1.05.
Marriott Vacations Worldwide (NYSE:VAC) last issued its earnings results on Tuesday, February 27th. The company reported $1.56 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.16 by $0.40. The firm had revenue of $481.22 million for the quarter, compared to analysts’ expectations of $491.36 million. Marriott Vacations Worldwide had a net margin of 11.61% and a return on equity of 16.46%. The firm’s revenue was down 14.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.83 earnings per share. equities analysts forecast that Marriott Vacations Worldwide Corp will post 6.94 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Thursday, March 1st were issued a $0.40 dividend. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $1.60 annualized dividend and a yield of 1.13%. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is 19.49%.
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About Marriott Vacations Worldwide
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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