LSV Asset Management Lowers Holdings in Marriott Vacations Worldwide Corporation (NYSE:VAC)

Key Points

• LSV Asset Management reduced its holdings in Marriott Vacations Worldwide by 17.9% during the first quarter, owning 222,522 shares after selling 48,550 shares, representing a value of approximately $14.3 million.
• Marriott Vacations Worldwide's stock is down 1.8%, trading at $73.02, amidst various recent adjustments to analyst price targets, with a consensus rating of "Hold" and a target price of $91.57.
• The company reported earnings of $1.96 per share for the last quarter, exceeding analysts’ expectations, and announced a quarterly dividend of $0.79, reflecting a yield of 4.3%.

LSV Asset Management lessened its stake in shares of Marriott Vacations Worldwide Corporation (NYSE:VAC - Free Report) by 17.9% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 222,522 shares of the company's stock after selling 48,550 shares during the period. LSV Asset Management owned about 0.64% of Marriott Vacations Worldwide worth $14,295,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of VAC. Fifth Third Bancorp raised its holdings in Marriott Vacations Worldwide by 136.5% during the 1st quarter. Fifth Third Bancorp now owns 395 shares of the company's stock valued at $25,000 after acquiring an additional 228 shares during the period. Investment Advisory Group LLC purchased a new position in Marriott Vacations Worldwide in the 1st quarter worth approximately $31,000. True Wealth Design LLC lifted 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 purchasing an additional 155 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Marriott Vacations Worldwide during the 4th quarter valued at $89,000. Finally, Sterling Capital Management LLC boosted its holdings in Marriott Vacations Worldwide by 57.6% during the 4th quarter. Sterling Capital Management LLC now owns 2,092 shares of the company's stock valued at $188,000 after acquiring an additional 765 shares during the period. Hedge funds and other institutional investors own 89.52% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on VAC shares. Morgan Stanley reiterated an "underweight" rating on shares of Marriott Vacations Worldwide in a report on Tuesday, July 15th. Barclays decreased 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 report on Monday, May 12th. Mizuho decreased their target price 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 objective on Marriott Vacations Worldwide and gave the company a "buy" rating in a research report on Tuesday. Finally, The Goldman Sachs Group lifted their price objective on shares of Marriott Vacations Worldwide from $55.00 to $65.00 and gave the stock a "sell" rating in a research note on Wednesday. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $92.67.

Insider Transactions at Marriott Vacations Worldwide

In other news, Director Christian Asmar acquired 412,449 shares of the firm's stock in a transaction dated Tuesday, June 17th. The stock was acquired at an average cost of $67.61 per share, with a total value of $27,885,676.89. Following the transaction, the director owned 3,708,433 shares in the company, valued at approximately $250,727,155.13. This trade represents a 12.51% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.60% of the company's stock.

Marriott Vacations Worldwide Stock Down 1.0%

Shares of VAC stock traded down $0.75 during trading hours on Thursday, reaching $71.43. 438,391 shares of the company's stock were exchanged, compared to its average volume of 569,957. The company has a current ratio of 3.16, a quick ratio of 2.58 and a debt-to-equity ratio of 1.29. The stock's 50 day moving average is $74.38 and its 200-day moving average is $71.45. The company has a market cap of $2.47 billion, a price-to-earnings ratio of 10.74, a P/E/G ratio of 1.60 and a beta of 1.49. Marriott Vacations Worldwide Corporation has a fifty-two week low of $49.22 and a fifty-two week high of $100.32.

Marriott Vacations Worldwide (NYSE:VAC - Get Free Report) last issued its quarterly 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. The company had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.22 billion. Marriott Vacations Worldwide had a net margin of 5.10% and a return on equity of 11.74%. The firm's revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.10 EPS. Analysts predict that Marriott Vacations Worldwide Corporation will post 6.23 earnings per share for the current fiscal year.

Marriott Vacations Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 23rd were paid 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 yield of 4.4%. Marriott Vacations Worldwide's dividend payout ratio is presently 53.92%.

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.