Marriott Vacations Worldwide Corporation (NYSE:VAC) Shares Sold by Principal Financial Group Inc.

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

Several other institutional investors and hedge funds have also modified their holdings of VAC. Fifth Third Bancorp boosted its stake in shares of Marriott Vacations Worldwide by 136.5% during the 1st quarter. Fifth Third Bancorp now owns 395 shares of the company's stock worth $25,000 after acquiring an additional 228 shares during 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 raised its position in shares of Marriott Vacations Worldwide by 35.2% during the 4th quarter. True Wealth Design LLC now owns 595 shares of the company's stock valued at $53,000 after purchasing an additional 155 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Marriott Vacations Worldwide during the 4th quarter valued at $89,000. Finally, Atala Financial Inc bought a new stake in shares of Marriott Vacations Worldwide during the 4th quarter valued at $112,000. Hedge funds and other institutional investors own 89.52% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently commented on VAC shares. 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. Morgan Stanley upgraded shares of Marriott Vacations Worldwide from an "underweight" rating to an "equal weight" rating and reduced their price target for the company from $67.00 to $57.00 in a report on Tuesday, April 22nd. The Goldman Sachs Group lifted their price objective on shares of 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, Barclays dropped 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 note on Monday, May 12th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, Marriott Vacations Worldwide presently has an average rating of "Moderate Buy" and a consensus target price of $92.25.

Marriott Vacations Worldwide Stock Performance

Shares of Marriott Vacations Worldwide stock traded down $0.83 during trading on Monday, hitting $79.29. 580,694 shares of the company's stock were exchanged, compared to its average volume of 485,219. The company has a debt-to-equity ratio of 2.18, a quick ratio of 2.58 and a current ratio of 3.16. The business has a 50-day simple moving average of $67.36 and a 200-day simple moving average of $72.46. Marriott Vacations Worldwide Corporation has a 52-week low of $49.22 and a 52-week high of $100.32. The stock has a market capitalization of $2.74 billion, a price-to-earnings ratio of 13.53, a PEG ratio of 1.76 and a beta of 1.48.

Marriott Vacations Worldwide (NYSE:VAC - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $1.66 earnings per share for the quarter, topping analysts' consensus estimates of $1.56 by $0.10. The business had revenue of $1.20 billion during the quarter, compared to the consensus estimate 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 quarter in the prior year, the firm posted $1.80 earnings per share. On average, research analysts forecast 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. 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 3.99%. The ex-dividend date was Friday, May 23rd. Marriott Vacations Worldwide's dividend payout ratio (DPR) is 53.92%.

Insider Activity

In other Marriott Vacations Worldwide news, Director Christian Asmar bought 337,551 shares of the business's stock in a transaction that occurred on Wednesday, June 18th. The shares were purchased at an average cost of $68.11 per share, with a total value of $22,990,598.61. Following the purchase, the director directly owned 4,045,984 shares in the company, 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 can be accessed through the SEC website. Company 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.