Wealth Enhancement Advisory Services LLC Reduces Stock Position in Marriott Vacations Worldwide Corporation (NYSE:VAC)

Wealth Enhancement Advisory Services LLC reduced its position in shares of Marriott Vacations Worldwide Corporation (NYSE:VAC - Free Report) by 54.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). 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 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in VAC. Charles Schwab Investment Management Inc. increased its stake in shares of Marriott Vacations Worldwide by 2.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 255,947 shares of the company's stock worth $22,984,000 after purchasing an additional 6,516 shares in the last quarter. Atria Investments Inc purchased a new position in shares of Marriott Vacations Worldwide in the fourth quarter worth about $232,000. M&T Bank Corp purchased a new position in shares of Marriott Vacations Worldwide in the fourth quarter worth about $265,000. Inceptionr LLC purchased a new position in shares of Marriott Vacations Worldwide in the fourth quarter worth about $207,000. Finally, AlphaQuest LLC purchased a new position in shares of Marriott Vacations Worldwide in the fourth quarter worth about $243,000. 89.52% of the stock is owned by institutional investors.

Marriott Vacations Worldwide Price Performance

Shares of NYSE:VAC traded up $1.41 during trading on Tuesday, reaching $80.60. The company had a trading volume of 540,851 shares, compared to its average volume of 485,711. The company has a fifty day moving average of $67.83 and a two-hundred day moving average of $72.39. The stock has a market capitalization of $2.78 billion, a P/E ratio of 13.75, a price-to-earnings-growth ratio of 1.76 and a beta of 1.48. Marriott Vacations Worldwide Corporation has a 12 month low of $49.22 and a 12 month high of $100.32. The company has a current ratio of 3.16, a quick ratio of 2.58 and a debt-to-equity ratio of 2.18.

Marriott Vacations Worldwide (NYSE:VAC - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $1.66 EPS for the quarter, topping analysts' consensus estimates 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 firm had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same quarter in the prior year, the firm earned $1.80 EPS. The business's revenue for the quarter was up .4% compared to the same quarter last year. Equities research analysts forecast that Marriott Vacations Worldwide Corporation will post 6.23 earnings per share for the current year.

Marriott Vacations Worldwide Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 23rd were issued a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a dividend yield of 3.92%. The ex-dividend date was Friday, May 23rd. Marriott Vacations Worldwide's dividend payout ratio is currently 53.92%.

Insider Activity at Marriott Vacations Worldwide

In other Marriott Vacations Worldwide news, Director Christian Asmar bought 412,449 shares of Marriott Vacations Worldwide stock in a transaction that occurred on Tuesday, June 17th. The shares were bought at an average price of $67.61 per share, with a total value 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 trade represents a 12.51% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.60% of the company's stock.

Analysts Set New Price Targets

VAC has been the subject of several recent research reports. Mizuho reduced 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. Barclays decreased 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 report on Monday, May 12th. 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 report on Friday, May 9th. Finally, Morgan Stanley raised shares of Marriott Vacations Worldwide from an "underweight" rating to an "equal weight" rating and decreased their target price for the stock from $67.00 to $57.00 in a report on Tuesday, April 22nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $92.25.

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.