American International Group Inc. trimmed its position in shares of Marriott Vacations Worldwide Corp (NYSE:VAC) by 20.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,686 shares of the company’s stock after selling 3,600 shares during the period. American International Group Inc. owned 0.05% of Marriott Vacations Worldwide worth $1,823,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. Swiss National Bank raised its position in shares of Marriott Vacations Worldwide by 1.6% during the 4th quarter. Swiss National Bank now owns 38,945 shares of the company’s stock valued at $5,266,000 after purchasing an additional 600 shares during the period. Valeo Financial Advisors LLC bought a new stake in shares of Marriott Vacations Worldwide during the 4th quarter valued at $101,000. BlackRock Inc. raised its position in shares of Marriott Vacations Worldwide by 0.5% during the 4th quarter. BlackRock Inc. now owns 2,879,448 shares of the company’s stock valued at $389,331,000 after purchasing an additional 14,786 shares during the period. Ladenburg Thalmann Financial Services Inc. increased its holdings in Marriott Vacations Worldwide by 42.0% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,231 shares of the company’s stock valued at $166,000 after acquiring an additional 364 shares during the last quarter. Finally, Virtu Financial LLC bought a new stake in Marriott Vacations Worldwide in the 4th quarter valued at $496,000. Hedge funds and other institutional investors own 72.88% of the company’s stock.
VAC has been the topic of a number of research reports. SunTrust Banks reiterated a “hold” rating and issued a $141.00 price target on shares of Marriott Vacations Worldwide in a report on Tuesday, February 27th. ValuEngine downgraded shares of Marriott Vacations Worldwide from a “buy” rating to a “hold” rating in a report on Tuesday, May 1st. Janney Montgomery Scott reiterated a “buy” rating and issued a $122.61 price target on shares of Marriott Vacations Worldwide in a report on Tuesday, May 1st. Deutsche Bank reduced their price target on shares of Marriott Vacations Worldwide from $139.00 to $130.00 and set a “hold” rating on the stock in a report on Friday, May 4th. Finally, Credit Suisse Group initiated coverage on shares of Marriott Vacations Worldwide in a report on Friday, May 18th. They issued an “outperform” rating and a $146.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the stock. Marriott Vacations Worldwide presently has a consensus rating of “Buy” and an average target price of $137.96.
Marriott Vacations Worldwide (NYSE:VAC) last issued its quarterly earnings data on Thursday, May 3rd. The company reported $1.39 EPS for the quarter, missing analysts’ consensus estimates of $1.50 by ($0.11). Marriott Vacations Worldwide had a return on equity of 16.31% and a net margin of 11.25%. The business had revenue of $570.80 million during the quarter, compared to analysts’ expectations of $519.37 million. During the same period in the previous year, the business earned $1.22 earnings per share. The business’s quarterly revenue was up 8.0% on a year-over-year basis. analysts expect that Marriott Vacations Worldwide Corp will post 7.07 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 11th. Shareholders of record on Monday, May 28th were paid a $0.40 dividend. The ex-dividend date of this dividend was Thursday, May 24th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.34%. Marriott Vacations Worldwide’s payout ratio is currently 27.68%.
Marriott Vacations Worldwide Profile
Marriott Vacations Worldwide Corporation develops, markets, sells, and manages vacation ownership and related products under the Marriott Vacation Club, Grand Residences by Marriott, and Marriott Vacation Club Pulse brands. It operates through three segments: North America, Asia Pacific, and Europe. The company also develops, markets, and sells vacation ownership and related products under The Ritz-Carlton Destination Club brand; and holds right to develop, market, and sell ownership residential products under The Ritz-Carlton Residences brand.
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