Wealth Enhancement Advisory Services LLC Trims Holdings in Marriott Vacations Worldwide Corporation (NYSE:VAC)

Wealth Enhancement Advisory Services LLC reduced its holdings in Marriott Vacations Worldwide Corporation (NYSE:VAC - Free Report) by 54.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,226 shares of the company's stock after selling 7,427 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Marriott Vacations Worldwide were worth $400,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Point72 Asset Management L.P. acquired a new stake in shares of Marriott Vacations Worldwide during the fourth quarter valued at about $37,974,000. Norges Bank acquired a new stake in shares of Marriott Vacations Worldwide during the fourth quarter valued at about $31,677,000. AQR Capital Management LLC increased its position in shares of Marriott Vacations Worldwide by 47.2% during the fourth quarter. AQR Capital Management LLC now owns 765,480 shares of the company's stock valued at $68,510,000 after acquiring an additional 245,427 shares during the last quarter. Ananym Capital Management LP acquired a new stake in shares of Marriott Vacations Worldwide during the fourth quarter valued at about $21,987,000. Finally, Arrowstreet Capital Limited Partnership increased its position in shares of Marriott Vacations Worldwide by 45.3% during the fourth 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 last quarter. 89.52% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Christian Asmar bought 412,449 shares of the stock in a transaction dated Tuesday, June 17th. The stock was acquired at an average price of $67.61 per share, for a total transaction of $27,885,676.89. Following the acquisition, the director owned 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 document filed with the SEC, which can be accessed through the SEC website. Insiders own 1.60% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on VAC. Morgan Stanley upgraded shares of Marriott Vacations Worldwide from an "underweight" rating to an "equal weight" rating and dropped their price target for the company from $67.00 to $57.00 in a research report on Tuesday, April 22nd. Barclays cut their target price 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. Mizuho cut their target price on shares of Marriott Vacations Worldwide from $112.00 to $105.00 and set an "outperform" rating on the stock in a research note on Friday, May 9th. Finally, The Goldman Sachs Group upped their target price 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. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Marriott Vacations Worldwide currently has a consensus rating of "Moderate Buy" and a consensus target price of $92.25.

Marriott Vacations Worldwide Stock Down 1.0%

NYSE VAC traded down $0.83 on Monday, hitting $79.29. 580,694 shares of the stock were exchanged, compared to its average volume of 485,219. 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 fifty-two week low of $49.22 and a fifty-two week high of $100.32. The company has a market cap of $2.74 billion, a PE ratio of 13.53, a PEG ratio of 1.76 and a beta of 1.48. The company has a 50-day moving average price of $67.36 and a 200-day moving average price of $72.46.

Marriott Vacations Worldwide (NYSE:VAC - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $1.66 EPS for the quarter, topping the consensus estimate of $1.56 by $0.10. Marriott Vacations Worldwide had a net margin of 4.57% and a return on equity of 10.43%. The company had revenue of $1.20 billion during the quarter, compared to analysts' expectations of $1.21 billion. During the same quarter in the previous year, the business posted $1.80 EPS. The firm's revenue was up .4% on a year-over-year basis. Sell-side analysts anticipate 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. Stockholders of record on Friday, May 23rd were issued a $0.79 dividend. This represents a $3.16 annualized dividend and a dividend yield of 3.99%. The ex-dividend date of this dividend was Friday, May 23rd. Marriott Vacations Worldwide's payout ratio is 53.92%.

About Marriott Vacations Worldwide

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.