Jefferies Group LLC cut its position in Marriott Vacations Worldwide Corp (NYSE:VAC) by 4.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 69,748 shares of the company’s stock after selling 2,996 shares during the quarter. Jefferies Group LLC’s holdings in Marriott Vacations Worldwide were worth $6,724,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Signaturefd LLC grew its stake in shares of Marriott Vacations Worldwide by 211.8% in the first quarter. Signaturefd LLC now owns 265 shares of the company’s stock valued at $25,000 after buying an additional 180 shares in the last quarter. Steward Partners Investment Advisory LLC bought a new position in shares of Marriott Vacations Worldwide in the second quarter valued at $26,000. Asset Planning Services Ltd. grew its stake in shares of Marriott Vacations Worldwide by 11.8% in the second quarter. Asset Planning Services Ltd. now owns 1,190 shares of the company’s stock valued at $115,000 after buying an additional 126 shares in the last quarter. Advisory Services Network LLC grew its stake in shares of Marriott Vacations Worldwide by 1,048.5% in the second quarter. Advisory Services Network LLC now owns 1,562 shares of the company’s stock valued at $151,000 after buying an additional 1,426 shares in the last quarter. Finally, Piedmont Investment Advisors Inc. bought a new position in shares of Marriott Vacations Worldwide in the first quarter valued at $208,000. 81.35% of the stock is owned by institutional investors and hedge funds.
In other Marriott Vacations Worldwide news, Director Thomas J. Hutchison III sold 2,500 shares of the firm’s stock in a transaction on Tuesday, June 25th. The stock was sold at an average price of $94.55, for a total transaction of $236,375.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Stephen P. Weisz purchased 4,000 shares of the business’s stock in a transaction on Monday, August 5th. The shares were acquired at an average cost of $83.70 per share, with a total value of $334,800.00. The disclosure for this purchase can be found here. Company insiders own 2.30% of the company’s stock.
VAC has been the subject of several analyst reports. ValuEngine raised shares of Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a research note on Monday, July 29th. JPMorgan Chase & Co. raised shares of Marriott Vacations Worldwide from a “neutral” rating to an “overweight” rating and raised their target price for the company from $98.00 to $118.00 in a research note on Tuesday, August 20th. Finally, Deutsche Bank reissued a “hold” rating and issued a $107.00 target price on shares of Marriott Vacations Worldwide in a research note on Sunday, August 4th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $123.67.
Shares of NYSE:VAC traded up $0.47 during midday trading on Friday, hitting $107.77. The stock had a trading volume of 97,939 shares, compared to its average volume of 369,894. The business’s 50-day simple moving average is $96.43 and its 200-day simple moving average is $97.57. Marriott Vacations Worldwide Corp has a 12 month low of $60.67 and a 12 month high of $119.30. The company has a market cap of $4.77 billion, a P/E ratio of 18.33, a PEG ratio of 1.53 and a beta of 1.68. The company has a quick ratio of 2.62, a current ratio of 3.41 and a debt-to-equity ratio of 1.21.
Marriott Vacations Worldwide (NYSE:VAC) last announced its quarterly earnings results on Wednesday, July 31st. The company reported $1.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.24. Marriott Vacations Worldwide had a return on equity of 8.11% and a net margin of 1.50%. The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter last year, the firm posted $1.59 EPS. The company’s quarterly revenue was up 79.5% on a year-over-year basis. As a group, equities analysts predict that Marriott Vacations Worldwide Corp will post 7.96 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Thursday, September 19th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.67%. The ex-dividend date of this dividend is Wednesday, September 18th. Marriott Vacations Worldwide’s dividend payout ratio is 30.61%.
About Marriott Vacations Worldwide
Marriott Vacations Worldwide Corporation develops, markets, sells, and manages vacation ownership and related products under the Marriott Vacation Club, Grand Residences by Marriott, Sheraton, Westin, Hyatt Residence Club brands, and Marriott Vacation Club Pulse brands. The company operates through two segments, Vacation Ownership and Exchange & Third-Party Management.
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