SG Americas Securities LLC Acquires New Holdings in Marriott Vacations Worldwide Corporation (NYSE:VAC)

SG Americas Securities LLC bought a new position in Marriott Vacations Worldwide Corporation (NYSE:VAC - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 6,791 shares of the company's stock, valued at approximately $436,000.

Several other large investors also recently made changes to their positions in VAC. Harbor Capital Advisors Inc. grew its holdings in Marriott Vacations Worldwide by 45.7% in the 1st quarter. Harbor Capital Advisors Inc. now owns 97,411 shares of the company's stock worth $6,258,000 after buying an additional 30,564 shares in the last quarter. Investment Advisory Group LLC bought a new position in shares of Marriott Vacations Worldwide in the first quarter worth $31,000. GAMMA Investing LLC grew its stake in shares of Marriott Vacations Worldwide by 6,557.7% in the first quarter. GAMMA Investing LLC now owns 14,647 shares of the company's stock worth $941,000 after purchasing an additional 14,427 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Marriott Vacations Worldwide by 74.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 13,653 shares of the company's stock valued at $1,226,000 after purchasing an additional 5,816 shares during the period. Finally, Forum Financial Management LP bought a new stake in shares of Marriott Vacations Worldwide during the fourth quarter valued at about $203,000. Institutional investors and hedge funds own 89.52% of the company's stock.

Marriott Vacations Worldwide Price Performance

NYSE:VAC traded up $0.57 on Friday, reaching $73.93. The stock had a trading volume of 5,095,982 shares, compared to its average volume of 482,025. The company has a market capitalization of $2.55 billion, a P/E ratio of 12.62, a price-to-earnings-growth ratio of 1.58 and a beta of 1.46. The stock has a fifty day moving average price of $64.59 and a 200-day moving average price of $73.44. The company has a quick ratio of 2.58, a current ratio of 3.16 and a debt-to-equity ratio of 2.18. Marriott Vacations Worldwide Corporation has a 1-year low of $49.22 and a 1-year high of $100.32.

Marriott Vacations Worldwide (NYSE:VAC - Get Free Report) last released its quarterly 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. Marriott Vacations Worldwide had a return on equity of 10.43% and a net margin of 4.57%. The business had revenue of $1.20 billion during the quarter, compared to analysts' expectations of $1.21 billion. During the same period in the previous year, the business posted $1.80 earnings per share. The firm's revenue for the quarter was up .4% compared to the same quarter last year. Research analysts forecast that Marriott Vacations Worldwide Corporation will post 6.23 EPS for the current year.

Marriott Vacations Worldwide Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 23rd were issued a $0.79 dividend. The ex-dividend date was Friday, May 23rd. This represents a $3.16 dividend on an annualized basis and a yield of 4.27%. Marriott Vacations Worldwide's dividend payout ratio is presently 53.92%.

Wall Street Analysts Forecast Growth

VAC has been the topic of several research analyst reports. Stifel Nicolaus lowered their price target on Marriott Vacations Worldwide from $112.00 to $108.00 and set a "buy" rating on the stock in a research report on Thursday, February 27th. The Goldman Sachs Group boosted their price target on shares of Marriott Vacations Worldwide from $48.00 to $55.00 and gave the stock a "sell" rating in a research report on Friday, May 9th. Morgan Stanley raised shares of Marriott Vacations Worldwide from an "underweight" rating to an "equal weight" rating and cut their price target for the company from $67.00 to $57.00 in a report on Tuesday, April 22nd. Barclays lowered their price objective on shares of Marriott Vacations Worldwide from $97.00 to $88.00 and set an "overweight" rating on the stock in a research note on Monday, May 12th. Finally, Mizuho cut their target price on shares of 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. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Marriott Vacations Worldwide has a consensus rating of "Moderate Buy" and an average price target of $92.25.

Insider Buying and Selling at Marriott Vacations Worldwide

In other news, Director Christian Asmar purchased 337,551 shares of Marriott Vacations Worldwide stock in a transaction dated Wednesday, June 18th. The shares were bought at an average cost of $68.11 per share, with a total value of $22,990,598.61. Following the completion of the transaction, the director now directly owns 4,045,984 shares in the company, valued at $275,571,970.24. This trade represents a 9.10% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.60% of the company's stock.

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.