Allianz Asset Management GmbH Increases Holdings in Marriott Vacations Worldwide Corporation (NYSE:VAC)

Key Points

• Allianz Asset Management GmbH increased its stake in Marriott Vacations Worldwide by 109.3% in Q1, owning 75,676 shares worth $4.86 million.
• Marriott Vacations Worldwide's recent quarterly earnings beat expectations, reporting $1.66 EPS while revenues reached $1.20 billion.
• The company announced a quarterly dividend of $0.79, which translates to an annual yield of 3.82% and a payout ratio of 53.92%.

Allianz Asset Management GmbH lifted its stake in Marriott Vacations Worldwide Corporation (NYSE:VAC - Free Report) by 109.3% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 75,676 shares of the company's stock after purchasing an additional 39,522 shares during the quarter. Allianz Asset Management GmbH owned about 0.22% of Marriott Vacations Worldwide worth $4,861,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Dark Forest Capital Management LP bought a new stake in shares of Marriott Vacations Worldwide during the 4th quarter worth approximately $734,000. Ananym Capital Management LP bought a new position in shares of Marriott Vacations Worldwide in the 4th quarter worth $21,987,000. GAMMA Investing LLC raised its position in shares of Marriott Vacations Worldwide by 6,557.7% in the 1st quarter. GAMMA Investing LLC now owns 14,647 shares of the company's stock worth $941,000 after acquiring an additional 14,427 shares in the last quarter. Captrust Financial Advisors bought a new position in shares of Marriott Vacations Worldwide in the 4th quarter worth $440,000. Finally, Family Office Research LLC purchased a new stake in Marriott Vacations Worldwide in the fourth quarter valued at about $1,702,000. Hedge funds and other institutional investors own 89.52% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on VAC shares. Mizuho decreased their price target on Marriott Vacations Worldwide from $112.00 to $105.00 and set an "outperform" rating for the company in a research note on Friday, May 9th. The Goldman Sachs Group increased their price target on Marriott Vacations Worldwide from $48.00 to $55.00 and gave the company a "sell" rating in a research note on Friday, May 9th. Barclays cut their price objective on Marriott Vacations Worldwide from $97.00 to $88.00 and set an "overweight" rating on the stock in a report on Monday, May 12th. Finally, Morgan Stanley reissued an "underweight" rating on shares of Marriott Vacations Worldwide in a report on Tuesday, July 15th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $92.25.

Insider Buying and Selling at Marriott Vacations Worldwide

In other news, Director Christian Asmar bought 412,449 shares of the firm's stock in a transaction dated Tuesday, June 17th. The shares were acquired at an average price of $67.61 per share, for a total transaction of $27,885,676.89. Following the completion of the transaction, the director directly owned 3,708,433 shares in the company, valued at $250,727,155.13. The trade was a 12.51% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.60% of the stock is currently owned by company insiders.

Marriott Vacations Worldwide Stock Performance

Marriott Vacations Worldwide stock traded down $1.16 during midday trading on Friday, hitting $73.31. 147,807 shares of the company were exchanged, compared to its average volume of 563,255. The firm has a market capitalization of $2.53 billion, a PE ratio of 12.44, a price-to-earnings-growth ratio of 1.76 and a beta of 1.48. Marriott Vacations Worldwide Corporation has a fifty-two week low of $49.22 and a fifty-two week high of $100.32. The business has a fifty day simple moving average of $73.84 and a two-hundred day simple moving average of $71.78. The company has a debt-to-equity ratio of 2.18, a quick ratio of 2.58 and a current ratio of 3.16.

Marriott Vacations Worldwide (NYSE:VAC - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $1.66 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.56 by $0.10. The company had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.21 billion. Marriott Vacations Worldwide had a return on equity of 10.43% and a net margin of 4.57%. Marriott Vacations Worldwide's revenue for the quarter was up .4% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.80 earnings per share. On average, sell-side analysts forecast that Marriott Vacations Worldwide Corporation will post 6.23 earnings per share for the current year.

Marriott Vacations Worldwide Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 23rd were given a $0.79 dividend. This represents a $3.16 annualized dividend and a dividend yield of 4.3%. The ex-dividend date was Friday, May 23rd. Marriott Vacations Worldwide's dividend payout ratio (DPR) is 53.92%.

Marriott Vacations Worldwide Company Profile

Marriott Vacations Worldwide Corporation, a vacation company, develops, markets, sells, and manages vacation ownership and related businesses, products, and services in the United States and internationally. It operates through two segments, Vacation Ownership and Exchange & Third-Party Management.