Marriott Vacations Worldwide Corporation (NYSE:VAC) Shares Sold by Pacer Advisors Inc.

Key Points

• Pacer Advisors Inc. sold 71.2% of its stake in Marriott Vacations Worldwide, reducing their holdings to 1,843 shares valued at $118,000.
• Marriott Vacations Worldwide reported a quarterly earnings of $1.66 per share, exceeding analysts' expectations, although revenue increased only slightly year-over-year to $1.20 billion.
• The company announced a quarterly dividend of $0.79 per share, representing an annualized yield of 4.3% with a payout ratio of 53.92%.

Pacer Advisors Inc. lowered its stake in shares of Marriott Vacations Worldwide Corporation (NYSE:VAC - Free Report) by 71.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,843 shares of the company's stock after selling 4,561 shares during the period. Pacer Advisors Inc.'s holdings in Marriott Vacations Worldwide were worth $118,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. True Wealth Design LLC increased its position in shares of 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 in the last quarter. Fifth Third Bancorp raised its stake in Marriott Vacations Worldwide by 136.5% in the first quarter. Fifth Third Bancorp now owns 395 shares of the company's stock valued at $25,000 after buying an additional 228 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in Marriott Vacations Worldwide by 7.1% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 3,827 shares of the company's stock valued at $246,000 after buying an additional 253 shares during the last quarter. Grandview Asset Management LLC boosted its holdings in Marriott Vacations Worldwide by 4.5% in the first 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. 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 worth $385,000 after acquiring an additional 443 shares during the last quarter. Institutional investors own 89.52% of the company's stock.

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 stock was bought at an average cost of $68.11 per share, for a total transaction of $22,990,598.61. Following the completion of the transaction, the director owned 4,045,984 shares of the company's stock, valued at approximately $275,571,970.24. The trade was a 9.10% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 1.60% of the company's stock.

Marriott Vacations Worldwide Stock Performance

Shares of NYSE:VAC traded up $1.04 during trading on Monday, hitting $74.55. 633,542 shares of the stock traded hands, compared to its average volume of 567,807. The company has a quick ratio of 2.58, a current ratio of 3.16 and a debt-to-equity ratio of 2.18. The company has a fifty day moving average price of $74.00 and a two-hundred day moving average price of $71.51. Marriott Vacations Worldwide Corporation has a 52-week low of $49.22 and a 52-week high of $100.32. The company has a market cap of $2.57 billion, a price-to-earnings ratio of 12.72, a P/E/G ratio of 1.62 and a beta of 1.49.

Marriott Vacations Worldwide (NYSE:VAC - Get Free Report) last issued its quarterly earnings data on Monday, August 4th. The company reported $1.96 earnings per share for the quarter, topping analysts' consensus estimates of $1.76 by $0.20. Marriott Vacations Worldwide had a net margin of 4.57% and a return on equity of 10.43%. As a group, equities analysts predict that Marriott Vacations Worldwide Corporation will post 6.23 EPS for the current year.

Marriott Vacations Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 23rd were paid a $0.79 dividend. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $3.16 dividend on an annualized basis and a yield of 4.2%. Marriott Vacations Worldwide's dividend payout ratio (DPR) is currently 53.92%.

Wall Street Analyst Weigh In

VAC has been the topic of several research analyst reports. Barclays dropped 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 research report on Monday, May 12th. Mizuho reduced their target price 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 raised their price objective on Marriott Vacations Worldwide from $48.00 to $55.00 and gave the stock a "sell" rating in a research note on Friday, May 9th. Finally, Morgan Stanley reiterated an "underweight" rating on shares of Marriott Vacations Worldwide in a research report on Tuesday, July 15th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Marriott Vacations Worldwide presently has an average rating of "Hold" and a consensus price target of $92.57.

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.