Marriott Vacations Worldwide Corporation (NYSE:VAC) Shares Sold by Cwm LLC

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 position in Marriott Vacations Worldwide Corporation (NYSE:VAC - Free Report) by 69.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Envestnet Asset Management Inc. increased its position in Marriott Vacations Worldwide by 8.0% during the 1st quarter. Envestnet Asset Management Inc. now owns 5,993 shares of the company's stock worth $385,000 after purchasing an additional 443 shares during the period. Teacher Retirement System of Texas acquired a new stake in shares of Marriott Vacations Worldwide in the first quarter valued at about $279,000. Verity Asset Management Inc. acquired a new position in Marriott Vacations Worldwide during the first quarter worth about $228,000. Cambridge Investment Research Advisors Inc. lifted its position in shares of Marriott Vacations Worldwide by 7.1% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 3,827 shares of the company's stock valued at $246,000 after acquiring an additional 253 shares during the period. Finally, Grandview Asset Management LLC boosted its stake in shares of Marriott Vacations Worldwide by 4.5% during the 1st quarter. Grandview Asset Management LLC now owns 6,920 shares of the company's stock worth $445,000 after acquiring an additional 300 shares in the last quarter. 89.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently weighed in on VAC. The Goldman Sachs Group raised their price target on Marriott Vacations Worldwide from $48.00 to $55.00 and gave the company a "sell" rating in a research report on Friday, May 9th. Barclays dropped their price target on Marriott Vacations Worldwide from $97.00 to $88.00 and set an "overweight" rating for the company in a research report on Monday, May 12th. Morgan Stanley reiterated an "underweight" rating on shares of Marriott Vacations Worldwide in a research report on Tuesday, July 15th. Finally, Mizuho reduced their target price on shares of Marriott Vacations Worldwide from $112.00 to $105.00 and set an "outperform" rating on the stock in a report on Friday, May 9th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $92.25.

Insider Transactions at Marriott Vacations Worldwide

In related news, Director Christian Asmar acquired 337,551 shares of Marriott Vacations Worldwide stock in a transaction on Wednesday, June 18th. The shares were bought at an average price of $68.11 per share, for a total transaction of $22,990,598.61. Following the completion of the purchase, the director directly owned 4,045,984 shares in the company, valued at $275,571,970.24. This trade represents a 9.10% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.60% of the company's stock.

Marriott Vacations Worldwide Trading Down 1.8%

Shares of VAC traded down $1.47 during mid-day trading on Wednesday, reaching $79.91. The company had a trading volume of 394,938 shares, compared to its average volume of 450,188. Marriott Vacations Worldwide Corporation has a fifty-two week low of $49.22 and a fifty-two week high of $100.32. The firm has a fifty day simple moving average of $73.71 and a 200-day simple moving average of $71.84. The stock has a market cap of $2.76 billion, a price-to-earnings ratio of 13.64, a price-to-earnings-growth ratio of 1.79 and a beta of 1.48. 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 issued its earnings results on Wednesday, May 7th. The company reported $1.66 earnings per share for the quarter, beating analysts' consensus estimates of $1.56 by $0.10. The firm had revenue of $1.20 billion for the quarter, compared to analysts' expectations of $1.21 billion. Marriott Vacations Worldwide had a return on equity of 10.43% and a net margin of 4.57%. The firm's revenue for the quarter was up .4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.80 earnings per share. On average, sell-side analysts anticipate that Marriott Vacations Worldwide Corporation will post 6.23 EPS for the current fiscal year.

Marriott Vacations Worldwide Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 23rd were issued a dividend of $0.79 per share. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $3.16 annualized dividend and a dividend yield of 3.95%. Marriott Vacations Worldwide's payout ratio is 53.92%.

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.