Marriott Vacations Worldwide (VAC) Trading 9.7% Higher

Shares of Marriott Vacations Worldwide Corp (NYSE:VAC) traded up 9.7% during mid-day trading on Thursday . The stock traded as high as $98.18 and last traded at $97.08. 847,464 shares were traded during trading, an increase of 109% from the average session volume of 405,607 shares. The stock had previously closed at $88.49.

Several analysts recently issued reports on the stock. ValuEngine cut shares of Marriott Vacations Worldwide from a “hold” rating to a “sell” rating in a research note on Wednesday, September 12th. Zacks Investment Research cut shares of Marriott Vacations Worldwide from a “buy” rating to a “hold” rating in a research note on Friday, October 19th. Finally, Nomura set a $158.00 price objective on shares of Marriott Vacations Worldwide and gave the company a “buy” rating in a research note on Thursday, August 23rd. One research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $137.20.

The company has a debt-to-equity ratio of 1.25, a quick ratio of 5.17 and a current ratio of 6.99. The company has a market cap of $2.30 billion, a price-to-earnings ratio of 16.80, a P/E/G ratio of 1.21 and a beta of 1.41.

Marriott Vacations Worldwide (NYSE:VAC) last posted its quarterly earnings results on Thursday, August 2nd. The company reported $1.59 earnings per share for the quarter, missing the consensus estimate of $1.84 by ($0.25). Marriott Vacations Worldwide had a net margin of 9.16% and a return on equity of 15.81%. The firm had revenue of $594.69 million during the quarter, compared to analysts’ expectations of $595.15 million. During the same period last year, the company earned $1.74 EPS. The business’s quarterly revenue was up 5.7% on a year-over-year basis. Analysts anticipate that Marriott Vacations Worldwide Corp will post 7.18 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, October 4th. Stockholders of record on Thursday, September 20th were paid a $0.40 dividend. The ex-dividend date of this dividend was Wednesday, September 19th. This represents a $1.60 annualized dividend and a dividend yield of 1.65%. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is 27.68%.

Several institutional investors have recently bought and sold shares of the company. BlackRock Inc. grew its stake in shares of Marriott Vacations Worldwide by 10.5% in the 2nd quarter. BlackRock Inc. now owns 3,265,091 shares of the company’s stock valued at $368,825,000 after buying an additional 310,249 shares during the period. FMR LLC grew its stake in shares of Marriott Vacations Worldwide by 1.7% in the 2nd quarter. FMR LLC now owns 1,319,230 shares of the company’s stock valued at $149,020,000 after buying an additional 21,916 shares during the period. Voya Investment Management LLC grew its stake in shares of Marriott Vacations Worldwide by 198.9% in the 2nd quarter. Voya Investment Management LLC now owns 604,559 shares of the company’s stock valued at $68,291,000 after buying an additional 402,323 shares during the period. Millennium Management LLC grew its stake in shares of Marriott Vacations Worldwide by 2,989.3% in the 2nd quarter. Millennium Management LLC now owns 479,464 shares of the company’s stock valued at $54,160,000 after buying an additional 463,944 shares during the period. Finally, Northern Trust Corp grew its stake in shares of Marriott Vacations Worldwide by 1.5% in the 2nd quarter. Northern Trust Corp now owns 439,319 shares of the company’s stock valued at $49,625,000 after buying an additional 6,683 shares during the period. 90.64% of the stock is owned by institutional investors and hedge funds.

Marriott Vacations Worldwide Company Profile (NYSE:VAC)

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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