Hsbc Holdings PLC Reduces Position in Marriott Vacations Worldwide Co. (NYSE:VAC)

Hsbc Holdings PLC cut its stake in Marriott Vacations Worldwide Co. (NYSE:VAC - Free Report) by 75.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,699 shares of the company's stock after selling 26,172 shares during the quarter. Hsbc Holdings PLC's holdings in Marriott Vacations Worldwide were worth $785,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Blue Trust Inc. lifted its holdings in Marriott Vacations Worldwide by 130.7% during the 4th quarter. Blue Trust Inc. now owns 533 shares of the company's stock valued at $48,000 after buying an additional 302 shares in the last quarter. Brown Lisle Cummings Inc. purchased a new position in shares of Marriott Vacations Worldwide during the fourth quarter worth approximately $50,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Marriott Vacations Worldwide in the third quarter valued at approximately $97,000. Atala Financial Inc purchased a new stake in shares of Marriott Vacations Worldwide in the fourth quarter valued at approximately $112,000. Finally, KBC Group NV increased its holdings in Marriott Vacations Worldwide by 51.5% during the 4th quarter. KBC Group NV now owns 1,460 shares of the company's stock worth $131,000 after purchasing an additional 496 shares during the period. 89.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

VAC has been the topic of several research reports. Mizuho cut their price target on Marriott Vacations Worldwide from $112.00 to $105.00 and set an "outperform" rating on the stock in a research note on Friday. Stifel Nicolaus cut their target price on shares of 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. Barclays lowered their price target on shares of Marriott Vacations Worldwide from $116.00 to $97.00 and set an "overweight" rating for the company in a research report on Friday, February 28th. The Goldman Sachs Group upped their target price on Marriott Vacations Worldwide from $48.00 to $55.00 and gave the stock a "sell" rating in a report on Friday. Finally, Morgan Stanley upgraded 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. One equities 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 data from MarketBeat, Marriott Vacations Worldwide currently has a consensus rating of "Moderate Buy" and an average target price of $93.38.

Insider Activity at Marriott Vacations Worldwide

In related news, insider Stephanie Sobeck Butera bought 650 shares of the business's stock in a transaction dated Thursday, March 6th. The stock was acquired at an average price of $71.66 per share, with a total value of $46,579.00. Following the completion of the purchase, the insider now directly owns 8,770 shares of the company's stock, valued at approximately $628,458.20. This trade represents a 8.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. 1.60% of the stock is owned by company insiders.

Marriott Vacations Worldwide Stock Performance

NYSE:VAC traded up $0.34 during mid-day trading on Friday, hitting $64.66. The company's stock had a trading volume of 595,989 shares, compared to its average volume of 447,660. The business's fifty day moving average is $60.61 and its two-hundred day moving average is $78.50. The stock has a market cap of $2.23 billion, a price-to-earnings ratio of 12.32, a PEG ratio of 0.67 and a beta of 1.42. Marriott Vacations Worldwide Co. has a 1 year low of $49.22 and a 1 year high of $102.39. The company has a debt-to-equity ratio of 2.19, a current ratio of 3.53 and a quick ratio of 2.86.

Marriott Vacations Worldwide (NYSE:VAC - Get Free Report) last announced 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. The company had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.21 billion. Marriott Vacations Worldwide had a return on equity of 10.89% and a net margin of 4.20%. Marriott Vacations Worldwide's revenue for the quarter was up .4% on a year-over-year basis. During the same period in the previous year, the company posted $1.80 earnings per share. Analysts anticipate that Marriott Vacations Worldwide Co. will post 6.23 EPS for the current fiscal year.

Marriott Vacations Worldwide Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th were given a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a dividend yield of 4.89%. The ex-dividend date of this dividend was Wednesday, March 5th. Marriott Vacations Worldwide's dividend payout ratio (DPR) is presently 56.23%.

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.