Jefferies Financial Group Inc. Has $888,000 Stock Holdings in Marriott Vacations Worldwide Corporation (NYSE:VAC)

Key Points

• Jefferies Financial Group Inc. significantly reduced its stake in Marriott Vacations Worldwide by 98.6%, selling 986,181 shares and now holding just 13,819 shares worth $888,000.
• Despite Jefferies' exit, other institutional investors such as XTX Topco Ltd and Allianz Asset Management GmbH increased their stakes in Marriott Vacations Worldwide, suggesting ongoing interest in the company.
• Marriott Vacations Worldwide recently reported a net margin of 5.10% and a revenue increase of 9.3% year-over-year, with an earnings per share (EPS) of $1.96, exceeding analysts' expectations.

Jefferies Financial Group Inc. reduced its holdings in Marriott Vacations Worldwide Corporation (NYSE:VAC - Free Report) by 98.6% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 13,819 shares of the company's stock after selling 986,181 shares during the quarter. Jefferies Financial Group Inc.'s holdings in Marriott Vacations Worldwide were worth $888,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Fifth Third Bancorp raised its stake in shares of Marriott Vacations Worldwide by 136.5% during the first quarter. Fifth Third Bancorp now owns 395 shares of the company's stock valued at $25,000 after purchasing an additional 228 shares in the last quarter. Investment Advisory Group LLC acquired a new position in shares of Marriott Vacations Worldwide in the first quarter worth $31,000. True Wealth Design LLC lifted its stake in Marriott Vacations Worldwide by 35.2% in the fourth quarter. True Wealth Design LLC now owns 595 shares of the company's stock valued at $53,000 after acquiring an additional 155 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Marriott Vacations Worldwide during the 4th quarter worth about $89,000. Finally, Sterling Capital Management LLC raised its holdings in Marriott Vacations Worldwide by 57.6% in the 4th quarter. Sterling Capital Management LLC now owns 2,092 shares of the company's stock worth $188,000 after acquiring an additional 765 shares during the period. Institutional investors and hedge funds own 89.52% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Morgan Stanley reaffirmed an "underweight" rating on shares of Marriott Vacations Worldwide in a research report on Tuesday, July 15th. The Goldman Sachs Group increased their target price on shares of Marriott Vacations Worldwide from $55.00 to $65.00 and gave the stock a "sell" rating in a report on Wednesday. Mizuho cut their price target on Marriott Vacations Worldwide from $112.00 to $105.00 and set an "outperform" rating on the stock in a report on Friday, May 9th. Stifel Nicolaus set a $101.00 price target on Marriott Vacations Worldwide and gave the company a "buy" rating in a research note on Tuesday. Finally, Barclays reduced their price objective on shares of 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. Two analysts have rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $92.67.

Marriott Vacations Worldwide Price Performance

VAC traded down $0.75 on Thursday, hitting $71.43. 438,391 shares of the stock were exchanged, compared to its average volume of 569,957. The business has a 50-day moving average of $74.38 and a two-hundred day moving average of $71.45. The firm has a market capitalization of $2.47 billion, a price-to-earnings ratio of 10.74, a PEG ratio of 1.60 and a beta of 1.49. The company has a debt-to-equity ratio of 1.29, a current ratio of 3.16 and a quick ratio of 2.58. Marriott Vacations Worldwide Corporation has a 12 month low of $49.22 and a 12 month high of $100.32.

Marriott Vacations Worldwide (NYSE:VAC - Get Free Report) last issued its earnings results on Monday, August 4th. The company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.72 by $0.24. Marriott Vacations Worldwide had a return on equity of 11.74% and a net margin of 5.10%. The firm had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter in the previous year, the firm earned $1.10 earnings per share. The business's quarterly revenue was up 9.3% on a year-over-year basis. Sell-side analysts forecast that Marriott Vacations Worldwide Corporation will post 6.23 EPS for the current fiscal year.

Marriott Vacations Worldwide Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 23rd were paid a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend was Friday, May 23rd. Marriott Vacations Worldwide's dividend payout ratio is currently 53.92%.

Insider Activity at Marriott Vacations Worldwide

In other news, Director Christian Asmar bought 337,551 shares of the stock in a transaction that occurred on Wednesday, June 18th. The stock was acquired at an average price of $68.11 per share, with a total value of $22,990,598.61. Following the completion of the purchase, the director directly owned 4,045,984 shares of the company's stock, valued at approximately $275,571,970.24. This represents a 9.10% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 1.60% of the company's stock.

Marriott Vacations Worldwide 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.