SG Americas Securities LLC Purchases Shares of 6,791 Marriott Vacations Worldwide Corporation (NYSE:VAC)

SG Americas Securities LLC purchased a new stake in shares of Marriott Vacations Worldwide Corporation (NYSE:VAC - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 6,791 shares of the company's stock, valued at approximately $436,000.

A number of other institutional investors have also bought and sold shares of the company. Point72 Asset Management L.P. acquired a new position in shares of Marriott Vacations Worldwide during the fourth quarter valued at about $37,974,000. Norges Bank purchased a new stake in Marriott Vacations Worldwide in the 4th quarter valued at about $31,677,000. AQR Capital Management LLC increased its stake in Marriott Vacations Worldwide by 47.2% in the 4th quarter. AQR Capital Management LLC now owns 765,480 shares of the company's stock valued at $68,510,000 after buying an additional 245,427 shares during the last quarter. Ananym Capital Management LP purchased a new stake in Marriott Vacations Worldwide in the 4th quarter valued at about $21,987,000. Finally, Arrowstreet Capital Limited Partnership grew its position in shares of Marriott Vacations Worldwide by 45.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 475,938 shares of the company's stock valued at $42,739,000 after acquiring an additional 148,457 shares during the period. Institutional investors own 89.52% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on VAC shares. Stifel Nicolaus reduced their target price on shares of Marriott Vacations Worldwide from $112.00 to $108.00 and set a "buy" rating for the company in a research report on Thursday, February 27th. Morgan Stanley upgraded shares of Marriott Vacations Worldwide from an "underweight" rating to an "equal weight" rating and lowered their target price for the stock from $67.00 to $57.00 in a research note on Tuesday, April 22nd. Mizuho dropped their price objective 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. Barclays dropped their price target on 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. Finally, The Goldman Sachs Group lifted their price target 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. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $92.25.

Marriott Vacations Worldwide Stock Up 2.3%

Shares of NYSE:VAC opened at $69.93 on Tuesday. Marriott Vacations Worldwide Corporation has a 1 year low of $49.22 and a 1 year high of $100.32. The company has a market cap of $2.41 billion, a PE ratio of 11.93, a P/E/G ratio of 1.50 and a beta of 1.46. The stock's 50-day moving average is $63.42 and its 200 day moving average is $73.62. 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 quarterly earnings results on Wednesday, May 7th. The company reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.56 by $0.10. The company had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.21 billion. Marriott Vacations Worldwide had a return on equity of 10.43% and a net margin of 4.57%. The firm's quarterly revenue was up .4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.80 EPS. Sell-side analysts anticipate that Marriott Vacations Worldwide Corporation will post 6.23 EPS for the current year.

Marriott Vacations Worldwide Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 23rd were paid a dividend of $0.79 per share. The ex-dividend date was Friday, May 23rd. This represents a $3.16 annualized dividend and a yield of 4.52%. Marriott Vacations Worldwide's dividend payout ratio is 53.92%.

Insider Buying and Selling at Marriott Vacations Worldwide

In other news, Director Christian Asmar purchased 412,449 shares of the company'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 purchase, the director now directly owns 3,708,433 shares in the company, valued at approximately $250,727,155.13. This represents a 12.51% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible 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.

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