Wealth Enhancement Advisory Services LLC Has $400,000 Holdings in Marriott Vacations Worldwide Corporation (NYSE:VAC)

Wealth Enhancement Advisory Services LLC decreased its stake in Marriott Vacations Worldwide Corporation (NYSE:VAC - Free Report) by 54.4% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,226 shares of the company's stock after selling 7,427 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Marriott Vacations Worldwide were worth $400,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Fifth Third Bancorp boosted its position in 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 period. SG Americas Securities LLC acquired a new stake in Marriott Vacations Worldwide during the 1st quarter worth about $436,000. Harbor Capital Advisors Inc. boosted its position in Marriott Vacations Worldwide by 45.7% during the 1st quarter. Harbor Capital Advisors Inc. now owns 97,411 shares of the company's stock worth $6,258,000 after acquiring an additional 30,564 shares during the period. Investment Advisory Group LLC acquired a new stake in Marriott Vacations Worldwide during the 1st quarter worth about $31,000. Finally, GAMMA Investing LLC boosted its position in Marriott Vacations Worldwide by 6,557.7% during the 1st quarter. GAMMA Investing LLC now owns 14,647 shares of the company's stock worth $941,000 after acquiring an additional 14,427 shares during the period. Institutional investors and hedge funds own 89.52% of the company's stock.

Marriott Vacations Worldwide Stock Up 3.4%

Shares of VAC traded up $2.75 during midday trading on Thursday, reaching $83.36. 542,068 shares of the stock were exchanged, compared to its average volume of 487,296. The firm has a 50 day simple moving average of $69.37 and a 200-day simple moving average of $72.45. 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 12-month low of $49.22 and a 12-month high of $100.32. The company has a market cap of $2.88 billion, a price-to-earnings ratio of 14.23, a P/E/G ratio of 1.77 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, 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 for the quarter, compared to the consensus estimate of $1.21 billion. During the same period last year, the business earned $1.80 EPS. The firm's revenue 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Investors 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 3.79%. The ex-dividend date was Friday, May 23rd. Marriott Vacations Worldwide's payout ratio is 53.92%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on VAC shares. Morgan Stanley upgraded Marriott Vacations Worldwide from an "underweight" rating to an "equal weight" rating and decreased their price objective for the stock from $67.00 to $57.00 in a research report on Tuesday, April 22nd. Mizuho decreased their price objective on Marriott Vacations Worldwide from $112.00 to $105.00 and set an "outperform" rating for the company in a research report on Friday, May 9th. The Goldman Sachs Group raised their price objective 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. 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 research note on Monday, May 12th. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $92.25.

Insider Buying and Selling at Marriott Vacations Worldwide

In related news, Director Christian Asmar acquired 412,449 shares of the business's stock in a transaction that occurred on Tuesday, June 17th. The shares were acquired at an average cost of $67.61 per share, with a total value of $27,885,676.89. Following the purchase, the director owned 3,708,433 shares of the company's stock, valued at approximately $250,727,155.13. The trade was a 12.51% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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.