Marriott Vacations Worldwide Co. (NYSE:VAC) Shares Sold by Swiss National Bank

Swiss National Bank trimmed its holdings in Marriott Vacations Worldwide Co. (NYSE:VAC - Free Report) by 11.2% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 68,336 shares of the company's stock after selling 8,600 shares during the quarter. Swiss National Bank owned about 0.19% of Marriott Vacations Worldwide worth $5,801,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Allspring Global Investments Holdings LLC boosted its stake in shares of Marriott Vacations Worldwide by 1,075.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,763 shares of the company's stock worth $278,000 after buying an additional 2,528 shares during the last quarter. Coldstream Capital Management Inc. boosted its position in Marriott Vacations Worldwide by 12.0% in the third quarter. Coldstream Capital Management Inc. now owns 2,563 shares of the company's stock worth $258,000 after purchasing an additional 274 shares during the last quarter. Signaturefd LLC grew its stake in shares of Marriott Vacations Worldwide by 342.3% during the 3rd quarter. Signaturefd LLC now owns 1,150 shares of the company's stock valued at $116,000 after purchasing an additional 890 shares during the period. EverSource Wealth Advisors LLC increased its position in shares of Marriott Vacations Worldwide by 194.1% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 250 shares of the company's stock valued at $25,000 after purchasing an additional 165 shares during the last quarter. Finally, LSV Asset Management lifted its stake in shares of Marriott Vacations Worldwide by 0.3% in the 3rd quarter. LSV Asset Management now owns 508,112 shares of the company's stock worth $51,131,000 after purchasing an additional 1,535 shares during the period. 89.52% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on VAC shares. JMP Securities upped their target price on shares of Marriott Vacations Worldwide from $105.00 to $115.00 and gave the company a "market outperform" rating in a report on Monday, February 26th. Mizuho assumed coverage on Marriott Vacations Worldwide in a report on Tuesday, March 26th. They issued a "buy" rating and a $128.00 target price on the stock. Deutsche Bank Aktiengesellschaft lifted their target price on Marriott Vacations Worldwide from $116.00 to $121.00 and gave the company a "buy" rating in a research report on Thursday, May 9th. Stifel Nicolaus upped their price target on Marriott Vacations Worldwide from $115.00 to $117.00 and gave the stock a "buy" rating in a research report on Tuesday, May 7th. Finally, Barclays lifted their price objective on Marriott Vacations Worldwide from $102.00 to $106.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 8th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Marriott Vacations Worldwide has an average rating of "Hold" and an average price target of $112.22.

Marriott Vacations Worldwide Price Performance

NYSE VAC traded down $1.73 on Friday, reaching $98.23. The company had a trading volume of 198,515 shares, compared to its average volume of 506,733. The firm's 50 day moving average price is $99.92 and its 200 day moving average price is $89.90. Marriott Vacations Worldwide Co. has a 12 month low of $72.78 and a 12 month high of $134.09. The stock has a market capitalization of $3.45 billion, a PE ratio of 18.16 and a beta of 1.85. The company has a quick ratio of 2.62, a current ratio of 3.12 and a debt-to-equity ratio of 2.22.

Marriott Vacations Worldwide (NYSE:VAC - Get Free Report) last issued its earnings results on Monday, May 6th. The company reported $1.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.66 by $0.14. Marriott Vacations Worldwide had a return on equity of 11.77% and a net margin of 4.50%. The firm had revenue of $1.20 billion for the quarter, compared to analysts' expectations of $1.17 billion. During the same period in the previous year, the firm posted $2.54 earnings per share. The business's revenue was up 2.2% compared to the same quarter last year. As a group, equities analysts predict that Marriott Vacations Worldwide Co. will post 7.72 earnings per share for the current year.

Marriott Vacations Worldwide Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 6th. Investors of record on Thursday, May 23rd will be issued a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a dividend yield of 3.09%. The ex-dividend date is Wednesday, May 22nd. Marriott Vacations Worldwide's dividend payout ratio (DPR) is presently 56.19%.

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.