Northern Trust Corp Grows Stock Holdings in Marriott Vacations Worldwide Co. (NYSE:VAC)

Northern Trust Corp grew its holdings in Marriott Vacations Worldwide Co. (NYSE:VAC - Free Report) by 32.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 323,770 shares of the company's stock after buying an additional 78,618 shares during the period. Northern Trust Corp owned approximately 0.93% of Marriott Vacations Worldwide worth $29,075,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Pacer Advisors Inc. lifted its holdings in shares of Marriott Vacations Worldwide by 2.7% in the 4th quarter. Pacer Advisors Inc. now owns 6,404 shares of the company's stock worth $575,000 after acquiring an additional 166 shares during the last quarter. Xponance Inc. raised its position in Marriott Vacations Worldwide by 6.2% in the 4th quarter. Xponance Inc. now owns 3,809 shares of the company's stock worth $342,000 after purchasing an additional 221 shares during the period. Blue Trust Inc. boosted its position in shares of Marriott Vacations Worldwide by 130.7% during the fourth quarter. Blue Trust Inc. now owns 533 shares of the company's stock valued at $48,000 after buying an additional 302 shares during the period. Venturi Wealth Management LLC grew its position in Marriott Vacations Worldwide by 40.7% in the 4th quarter. Venturi Wealth Management LLC now owns 1,572 shares of the company's stock valued at $141,000 after acquiring an additional 455 shares during the last quarter. Finally, Tidal Investments LLC grew its holdings in shares of Marriott Vacations Worldwide by 6.1% in the third quarter. Tidal Investments LLC now owns 8,098 shares of the company's stock worth $595,000 after purchasing an additional 464 shares during the last quarter. 89.52% of the stock is currently owned by institutional investors.

Marriott Vacations Worldwide Stock Up 0.1%

VAC stock traded up $0.07 on Friday, hitting $71.46. 57,926 shares of the company's stock were exchanged, compared to its average volume of 539,942. The firm has a 50 day moving average price of $60.55 and a two-hundred day moving average price of $78.31. Marriott Vacations Worldwide Co. has a 12-month low of $49.22 and a 12-month high of $100.32. The stock has a market cap of $2.47 billion, a P/E ratio of 13.62, a price-to-earnings-growth ratio of 0.67 and a beta of 1.42. The company has a debt-to-equity ratio of 2.19, a quick ratio of 2.86 and a current ratio of 3.53.

Marriott Vacations Worldwide (NYSE:VAC - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $1.66 earnings per share for the quarter, topping analysts' consensus estimates of $1.56 by $0.10. Marriott Vacations Worldwide had a return on equity of 10.89% and a net margin of 4.20%. The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same quarter in the previous year, the firm earned $1.80 earnings per share. The company's revenue was up .4% on a year-over-year basis. As a group, equities research analysts expect that Marriott Vacations Worldwide Co. will post 6.23 EPS for the current fiscal year.

Marriott Vacations Worldwide Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 23rd will be paid a dividend of $0.79 per share. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $3.16 dividend on an annualized basis and a yield of 4.42%. Marriott Vacations Worldwide's payout ratio is 53.92%.

Insider Buying and Selling at Marriott Vacations Worldwide

In other news, insider Stephanie Sobeck Butera acquired 650 shares of the business's stock in a transaction dated Thursday, March 6th. The shares were acquired at an average cost of $71.66 per share, with a total value of $46,579.00. Following the completion of the acquisition, the insider now 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 acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 1.60% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Barclays decreased their price target on shares of Marriott Vacations Worldwide from $97.00 to $88.00 and set an "overweight" rating for the company in a research note on Monday. 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 research note on Tuesday, April 22nd. Mizuho reduced their price target on shares of Marriott Vacations Worldwide from $112.00 to $105.00 and set an "outperform" rating for the company in a report on Friday, May 9th. Stifel Nicolaus dropped their price objective on 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. Finally, The Goldman Sachs Group boosted 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. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $92.25.

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.