Cwm LLC Sells 8,048 Shares of Marriott Vacations Worldwide Corporation (NYSE:VAC)

Key Points

• Cwm LLC has reduced its stake in Marriott Vacations Worldwide Corporation by 69.1%, selling 8,048 shares during the first quarter, and now holds 3,593 shares valued at $231,000.
• Insider trading activity includes a significant purchase by Director Christian Asmar, who bought 337,551 shares for approximately $22.99 million, increasing his ownership by 9.10%.
• Marriott Vacations Worldwide recently announced a quarterly dividend of $0.79 per share, representing a dividend yield of 3.75%, with a payout ratio of 53.92%.

Cwm LLC lowered its holdings in Marriott Vacations Worldwide Corporation (NYSE:VAC - Free Report) by 69.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,593 shares of the company's stock after selling 8,048 shares during the quarter. Cwm LLC's holdings in Marriott Vacations Worldwide were worth $231,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in VAC. True Wealth Design LLC grew its stake in Marriott Vacations Worldwide by 35.2% during the fourth quarter. True Wealth Design LLC now owns 595 shares of the company's stock worth $53,000 after buying an additional 155 shares during the last quarter. Fifth Third Bancorp grew its stake in Marriott Vacations Worldwide by 136.5% during the first quarter. Fifth Third Bancorp now owns 395 shares of the company's stock worth $25,000 after buying an additional 228 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in shares of Marriott Vacations Worldwide by 7.1% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 3,827 shares of the company's stock valued at $246,000 after purchasing an additional 253 shares during the last quarter. Grandview Asset Management LLC grew its stake in shares of Marriott Vacations Worldwide by 4.5% during the first quarter. Grandview Asset Management LLC now owns 6,920 shares of the company's stock valued at $445,000 after purchasing an additional 300 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in shares of Marriott Vacations Worldwide by 8.0% during the first quarter. Envestnet Asset Management Inc. now owns 5,993 shares of the company's stock valued at $385,000 after purchasing an additional 443 shares during the last quarter. Institutional investors own 89.52% of the company's stock.

Insider Activity

In related news, Director Christian Asmar bought 337,551 shares of the business's stock in a transaction dated Wednesday, June 18th. The stock was bought at an average price of $68.11 per share, for a total transaction of $22,990,598.61. Following the purchase, the director owned 4,045,984 shares in the company, valued at $275,571,970.24. This represents a 9.10% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.60% of the company's stock.

Marriott Vacations Worldwide Stock Up 2.2%

Marriott Vacations Worldwide stock opened at $84.16 on Friday. The company has a market cap of $2.91 billion, a P/E ratio of 14.36, a price-to-earnings-growth ratio of 1.85 and a beta of 1.48. Marriott Vacations Worldwide Corporation has a 1-year low of $49.22 and a 1-year high of $100.32. The company has a fifty day simple moving average of $72.97 and a 200 day simple moving average of $71.81. The company has a current ratio of 3.16, a quick ratio of 2.58 and a debt-to-equity ratio of 2.18.

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

Marriott Vacations Worldwide Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 23rd were paid a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a dividend yield of 3.75%. The ex-dividend date of this dividend was Friday, May 23rd. Marriott Vacations Worldwide's dividend payout ratio is presently 53.92%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Morgan Stanley restated an "underweight" rating on shares of Marriott Vacations Worldwide in a report on Tuesday, July 15th. The Goldman Sachs Group increased their target price on shares of Marriott Vacations Worldwide from $48.00 to $55.00 and gave the stock a "sell" rating in a report on Friday, May 9th. Barclays cut their target price on shares of 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, Mizuho lowered their price objective on shares of Marriott Vacations Worldwide from $112.00 to $105.00 and set an "outperform" rating for the company in a research report on Friday, May 9th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $92.25.

About Marriott Vacations Worldwide

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.

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