Spire Wealth Management decreased its stake in shares of Marriott Vacations Worldwide Co. (NYSE: VAC – Get Rating) by 7.0% during the first quarter, according to the company in its latest SEC filing. The fund held 1,185 shares of the company after selling 89 shares during the period. Spire Wealth Management’s holdings in Marriott Vacations Worldwide were worth $187,000 when it last filed with the SEC.
A number of other big investors also changed their positions in the stock. Principal Financial Group Inc. increased its stake in Marriott Vacations Worldwide by 7.5% during the 4th quarter. Principal Financial Group Inc. now owns 1,796,449 shares of the company valued at $303,287,000 after purchasing an additional 124,659 shares during the period. Senvest Management LLC increased its stake in Marriott Vacations Worldwide by 1.8% during the 4th quarter. Senvest Management LLC now owns 1,365,065 shares of the company valued at $230,669,000 after purchasing an additional 24,392 shares during the period. State Street Corp increased its stake in Marriott Vacations Worldwide by 2.6% in the fourth quarter. State Street Corp now owns 1,079,058 shares of the company valued at $182,919,000 after purchasing an additional 27,056 shares during the period. Geode Capital Management LLC increased its stake in Marriott Vacations Worldwide by 10.5% during the 4th quarter. Geode Capital Management LLC now owns 599,165 shares of the company valued at $101,246,000 after purchasing an additional 57,148 shares during the period. Finally, TimesSquare Capital Management LLC increased its stake in Marriott Vacations Worldwide by 6.9% in the 4th quarter. TimesSquare Capital Management LLC now owns 540,100 shares of the company valued at $91,266,000 after purchasing an additional 34,800 shares during the period. Hedge funds and other institutional investors own 86.67% of the company’s shares.
VAC shares opened at $120.33 on Tuesday. Marriott Vacations Worldwide Co. has a 12 month minimum of $110.08 and a 12 month maximum of $174.74. The company has a current ratio of 2.86, a quick ratio of 2.31 and a debt ratio of 1.60. The stock has a 50-day moving average of $136.50 and a two-hundred-day moving average of $151.36. The company has a market capitalization of $4.99 billion, a P/E ratio of 40.11 and a beta of 2.15.
Marriott Vacations Worldwide (NYSE: VAC – Get Rating) last released its results on Thursday, May 5. The company reported earnings per share (EPS) of $1.70 for the quarter, beating analyst consensus estimates of $1.47 by $0.23. 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 $1.04 billion expected by analysts. During the same period of the previous year, the company posted an EPS of ($0.49). Marriott Vacations Worldwide quarterly revenue increased 38.6% over the same quarter last year. Sell-side analysts expect Marriott Vacations Worldwide Co. to post earnings per share of 9.98 for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, June 9. Shareholders of record on Thursday, May 26 received a dividend of $0.62. The ex-dividend date was Wednesday, May 25. This represents a dividend of $2.48 on an annualized basis and a dividend yield of 2.06%. Marriott Vacations Worldwide’s payout ratio is currently 82.67%.
Several analysts have recently weighed in on VAC shares. Barclays began covering Marriott Vacations Worldwide in a research note on Tuesday, June 28. They set an “overweight” rating and a target price of $136.00 for the company. StockNews.com downgraded Marriott Vacations Worldwide from a “buy” rating to a “hold” rating in a Wednesday, June 22 research report. Finally, Deutsche Bank Aktiengesellschaft lowered its price target on Marriott Vacations Worldwide from $202.00 to $188.00 in a Friday, June 17 research report. One equity research analyst gave the stock a hold rating and five gave the company’s stock a buy rating. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $187.00.
About Marriott Vacations Worldwide (Get a rating)
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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