Marriott Vacations Worldwide Co. (NYSE: VAC – Get Rating) declared a quarterly dividend on Friday, May 13, Zacks reports. Shareholders of record on Thursday, May 26 will receive a dividend of 0.62 per share on Thursday, June 9. This represents an annualized dividend of $2.48 and a yield of 1.74%. The ex-date of this dividend is Wednesday, May 25.
Marriott Vacations Worldwide has decreased its dividend by an average of 13.2% per year for the past three years and has increased its dividend each year for the past 1 consecutive years. Marriott Vacations Worldwide has a dividend payout ratio of 21.5%, indicating that its dividend is sufficiently covered by earnings. Stock analysts expect Marriott Vacations Worldwide to earn $11.53 per share next year, meaning the company should continue to be able to cover its annual dividend of $2.48 with a ratio of expected future payout of 21.5%.
NYSE VAC shares opened at $142.19 on Friday. The company has a current ratio of 2.86, a quick ratio of 2.31 and a debt ratio of 1.60. The company has a market capitalization of $5.89 billion, a price-earnings ratio of 47.40 and a beta of 2.14. Marriott Vacations Worldwide has a 12-month minimum of $132.79 and a 12-month maximum of $176.85. The stock has a 50-day moving average price of $150.03 and a two-hundred-day moving average price of $158.43.
Marriott Vacations Worldwide (NYSE:VAC – Get Rating) last released quarterly earnings data on Thursday, May 5. The company reported earnings per share (EPS) of $1.70 for the quarter, beating the consensus estimate of $1.53 by $0.17. Marriott Vacations Worldwide recorded a return on equity of 9.84% and a net margin of 3.23%. The company posted revenue of $1.05 billion in the quarter, versus a consensus estimate of $1.04 billion. In the same quarter a year earlier, the company posted ($0.49) earnings per share. The company’s revenue increased by 38.6% compared to the same quarter last year. On average, sell-side analysts expect Marriott Vacations Worldwide to post earnings per share of 9.66 for the current year.
Separately, StockNews.com began covering Marriott Vacations Worldwide in a research note on Thursday, March 31. They issued a “holding” rating for the company. One research analyst has assigned the stock a hold rating, four have issued a buy rating and one has assigned the company’s stock a strong buy rating. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $202.60.
In other Marriott Vacations Worldwide news, Executive Vice President Lizabeth Kane-Hanan sold 6,308 shares in a trade that took place Friday, March 18. The stock was sold at an average price of $157.44, for a total transaction of $993,131.52. The transaction was disclosed in a legal filing with the SEC, which is available via this hyperlink. Additionally, Vice Chairman Michael E. Yonker sold 1,000 shares in a trade that took place on Friday, March 25. The stock was sold at an average price of $155.35, for a total value of $155,350.00. The disclosure of this sale can be found here. Company insiders own 2.60% of the company’s shares.
Several institutional investors have recently bought and sold shares of VAC. BlackRock Inc. increased its holdings of Marriott Vacations Worldwide stock by 2.9% during the 4th quarter. BlackRock Inc. now owns 3,535,693 shares of the company worth $597,461,000 after purchasing an additional 99,965 shares last quarter. Charles Schwab Investment Management Inc. increased its equity stake in Marriott Vacations Worldwide by 27.5% in Q1. Charles Schwab Investment Management Inc. now owns 444,878 shares of the company worth $70,158,000 after purchasing an additional 96,027 shares in the last quarter. Goldman Sachs Group Inc. increased its equity stake in Marriott Vacations Worldwide by 22.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 487,689 shares of the company worth $82,410,000 after purchasing an additional 90,651 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Marriott Vacations Worldwide by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 3,711,264 shares of the company worth $585,266,000 after purchasing an additional 18,944 shares in the last quarter. Finally, Prudential Financial Inc. increased its stake in Marriott Vacations Worldwide shares by 383.0% in the 1st quarter. Prudential Financial Inc. now owns 22,883 shares of the company worth $3,609,000 after purchasing an additional 18,145 shares last quarter. Hedge funds and other institutional investors own 86.67% of the company’s shares.
About Marriott Vacations Worldwide (Get an evaluation)
Marriott Vacations Worldwide Corporation, a vacation company, develops, markets, sells and manages vacation ownership and related products. It operates through two segments, Vacation Ownership and Exchange & Third-Party Management. The Company manages vacation ownership and related products under the Marriott Vacation Club, Grand Residences by Marriott, Sheraton Vacation Club, Westin Vacation Club, Hyatt Residence Club and Marriott Vacation Club Pulse brands.
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