Readystate Asset Management LP decreased its holdings in Marriott Vacations Worldwide Corporation (NYSE:VAC - Free Report) by 42.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,283 shares of the company's stock after selling 3,953 shares during the quarter. Readystate Asset Management LP's holdings in Marriott Vacations Worldwide were worth $339,000 as of its most recent filing with the SEC.
Several other large investors have also recently bought and sold shares of VAC. Y Intercept Hong Kong Ltd acquired a new stake in shares of Marriott Vacations Worldwide during the first quarter valued at $406,000. Allianz Asset Management GmbH raised its holdings in shares of Marriott Vacations Worldwide by 109.3% during the 1st quarter. Allianz Asset Management GmbH now owns 75,676 shares of the company's stock valued at $4,861,000 after buying an additional 39,522 shares during the period. Envestnet Asset Management Inc. increased its holdings in Marriott Vacations Worldwide by 8.0% during the 1st quarter. Envestnet Asset Management Inc. now owns 5,993 shares of the company's stock worth $385,000 after purchasing an additional 443 shares during the last quarter. Teacher Retirement System of Texas purchased a new stake in Marriott Vacations Worldwide during the 1st quarter worth approximately $279,000. Finally, Verity Asset Management Inc. acquired a new position in shares of Marriott Vacations Worldwide in the 1st quarter worth approximately $228,000. Hedge funds and other institutional investors own 89.52% of the company's stock.
Insider Buying and Selling 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 shares were purchased at an average cost of $67.61 per share, for a total transaction of $27,885,676.89. Following the transaction, the director directly owned 3,708,433 shares of the company's stock, valued at approximately $250,727,155.13. This trade represents a 12.51% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.60% of the stock is owned by corporate insiders.
Marriott Vacations Worldwide Stock Performance
Shares of NYSE VAC traded down $1.04 during midday trading on Monday, reaching $83.15. The company's stock had a trading volume of 44,179 shares, compared to its average volume of 565,092. Marriott Vacations Worldwide Corporation has a 12-month low of $49.22 and a 12-month high of $100.32. The firm has a 50 day moving average price of $72.97 and a 200-day moving average price of $71.72. The stock has a market capitalization of $2.87 billion, a P/E ratio of 14.22, a PEG ratio of 1.85 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 announced its earnings results on Wednesday, May 7th. The company reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.56 by $0.10. The company had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.21 billion. Marriott Vacations Worldwide had a net margin of 4.57% and a return on equity of 10.43%. The firm's quarterly revenue was up .4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.80 earnings per share. As a group, equities analysts predict that Marriott Vacations Worldwide Corporation will post 6.23 earnings per share for the current year.
Marriott Vacations Worldwide Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 23rd were issued a $0.79 dividend. This represents a $3.16 annualized dividend and a yield of 3.80%. The ex-dividend date of this dividend was Friday, May 23rd. Marriott Vacations Worldwide's dividend payout ratio is currently 53.92%.
Analyst Ratings Changes
VAC has been the subject of a number of analyst reports. The Goldman Sachs Group boosted their price target on Marriott Vacations Worldwide from $48.00 to $55.00 and gave the stock a "sell" rating in a research report on Friday, May 9th. Mizuho lowered 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. Morgan Stanley reiterated an "underweight" rating on shares of Marriott Vacations Worldwide in a research note on Tuesday, July 15th. Finally, Barclays cut their price target on Marriott Vacations Worldwide from $97.00 to $88.00 and set an "overweight" rating for the company in a report on Monday, May 12th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $92.25.
Check Out Our Latest Research Report on VAC
Marriott Vacations Worldwide Company Profile
(
Free Report)
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.
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