Principal Financial Group Inc. Has $74.37 Million Stock Holdings in Marriott Vacations Worldwide Corporation (NYSE:VAC)

Principal Financial Group Inc. decreased its holdings in shares of Marriott Vacations Worldwide Corporation (NYSE:VAC - Free Report) by 2.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,157,675 shares of the company's stock after selling 24,286 shares during the quarter. Principal Financial Group Inc. owned about 3.35% of Marriott Vacations Worldwide worth $74,369,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently made changes to their positions in VAC. 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 worth $25,000 after buying an additional 228 shares in the last quarter. Investment Advisory Group LLC bought a new stake in shares of Marriott Vacations Worldwide during the 1st quarter valued at $31,000. 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 valued at $53,000 after acquiring an additional 155 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Marriott Vacations Worldwide during the 4th quarter worth about $89,000. Finally, Atala Financial Inc bought a new stake in Marriott Vacations Worldwide during the 4th quarter valued at about $112,000. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Marriott Vacations Worldwide Stock Down 0.3%

VAC traded down $0.28 on Wednesday, reaching $80.21. 134,719 shares of the company traded hands, compared to its average volume of 485,344. The stock's 50 day moving average price is $68.32 and its 200-day moving average price is $72.44. 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 $2.77 billion, a price-to-earnings ratio of 13.72, a PEG ratio of 1.74 and a beta of 1.48. The company has a debt-to-equity ratio of 2.18, a current ratio of 3.16 and a quick ratio of 2.58.

Marriott Vacations Worldwide (NYSE:VAC - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $1.66 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.56 by $0.10. The firm had revenue of $1.20 billion during the quarter, compared to analysts' expectations 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 revenue was up .4% compared to the same quarter last year. During the same period in the previous year, the company earned $1.80 earnings per share. On average, sell-side analysts expect that Marriott Vacations Worldwide Corporation will post 6.23 EPS 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. Investors of record on Friday, May 23rd were paid a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a yield of 3.94%. The ex-dividend date of this dividend was Friday, May 23rd. Marriott Vacations Worldwide's payout ratio is currently 53.92%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on VAC. Barclays lowered their price target 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. Morgan Stanley raised shares of Marriott Vacations Worldwide from an "underweight" rating to an "equal weight" rating and dropped their price objective for the company from $67.00 to $57.00 in a research note on Tuesday, April 22nd. Mizuho decreased their price objective on shares of Marriott Vacations Worldwide from $112.00 to $105.00 and set an "outperform" rating on the stock in a research report on Friday, May 9th. Finally, The Goldman Sachs Group boosted their target price on shares of Marriott Vacations Worldwide from $48.00 to $55.00 and gave the company a "sell" rating in a research note on Friday, May 9th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $92.25.

Insider Activity

In other Marriott Vacations Worldwide news, Director Christian Asmar acquired 412,449 shares of the company's stock in a transaction dated Tuesday, June 17th. The stock was bought at an average price of $67.61 per share, for a total transaction of $27,885,676.89. Following the purchase, the director owned 3,708,433 shares in the company, valued at $250,727,155.13. This represents a 12.51% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through 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.