Marriott Vacations Worldwide Corp (NYSE:VAC) VP Dwight D. Smith sold 1,250 shares of the business’s stock in a transaction that occurred on Wednesday, March 7th. The shares were sold at an average price of $146.60, for a total transaction of $183,250.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Shares of Marriott Vacations Worldwide stock traded down $2.19 on Monday, reaching $131.01. The stock had a trading volume of 199,583 shares, compared to its average volume of 187,596. The company has a current ratio of 5.22, a quick ratio of 3.71 and a debt-to-equity ratio of 1.05. Marriott Vacations Worldwide Corp has a fifty-two week low of $96.42 and a fifty-two week high of $154.14. The stock has a market capitalization of $3,534.67, a price-to-earnings ratio of 22.67 and a beta of 1.32.
Marriott Vacations Worldwide (NYSE:VAC) last issued its quarterly earnings data on Tuesday, February 27th. The company reported $1.56 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.16 by $0.40. Marriott Vacations Worldwide had a net margin of 11.61% and a return on equity of 16.46%. The business had revenue of $481.22 million during the quarter, compared to analysts’ expectations of $491.36 million. During the same period in the previous year, the company earned $1.83 earnings per share. Marriott Vacations Worldwide’s revenue for the quarter was down 14.8% on a year-over-year basis. research analysts predict that Marriott Vacations Worldwide Corp will post 6.94 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date of this dividend was Wednesday, February 28th. Marriott Vacations Worldwide’s payout ratio is 27.68%.
VAC has been the subject of several recent research reports. Zacks Investment Research downgraded shares of Marriott Vacations Worldwide from a “hold” rating to a “sell” rating in a research report on Saturday, January 6th. ValuEngine raised shares of Marriott Vacations Worldwide from a “hold” rating to a “buy” rating in a research report on Monday, February 5th. SunTrust Banks boosted their target price on shares of Marriott Vacations Worldwide to $149.00 and gave the stock a “hold” rating in a research report on Tuesday, March 27th. They noted that the move was a valuation call. Finally, Macquarie initiated coverage on shares of Marriott Vacations Worldwide in a research report on Friday, January 5th. They issued an “outperform” rating for the company. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $137.00.
Institutional investors have recently modified their holdings of the company. Bamco Inc. NY lifted its stake in shares of Marriott Vacations Worldwide by 0.6% in the third quarter. Bamco Inc. NY now owns 2,162,214 shares of the company’s stock worth $269,261,000 after buying an additional 13,800 shares during the last quarter. Swiss National Bank lifted its stake in shares of Marriott Vacations Worldwide by 1.6% in the fourth quarter. Swiss National Bank now owns 38,945 shares of the company’s stock worth $5,266,000 after buying an additional 600 shares during the last quarter. Valeo Financial Advisors LLC acquired a new stake in shares of Marriott Vacations Worldwide in the fourth quarter worth $101,000. BlackRock Inc. lifted its stake in shares of Marriott Vacations Worldwide by 0.5% in the fourth quarter. BlackRock Inc. now owns 2,879,448 shares of the company’s stock worth $389,331,000 after buying an additional 14,786 shares during the last quarter. Finally, Arizona State Retirement System raised its stake in Marriott Vacations Worldwide by 218.7% during the 4th quarter. Arizona State Retirement System now owns 39,631 shares of the company’s stock valued at $5,359,000 after purchasing an additional 27,196 shares during the last quarter. Institutional investors and hedge funds own 73.97% of the company’s stock.
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Marriott Vacations Worldwide Company Profile
Marriott Vacations Worldwide Corporation focuses on vacation ownership, based on number of owners, number of resorts and revenues. The Company is an exclusive worldwide developer, marketer, seller and manager of vacation ownership and related products under the Marriott Vacation Club and Grand Residences by Marriott brands.
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