Marriott Vacations Worldwide (NYSE:VAC) had its price target cut by SunTrust Banks from $148.00 to $147.00 in a report issued on Wednesday, BenzingaRatingsTable reports. They currently have a buy rating on the stock.
Other equities research analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. cut their price objective on shares of Marriott Vacations Worldwide from $118.00 to $117.00 and set an overweight rating on the stock in a report on Monday, October 7th. Nomura set a $136.00 price objective on shares of Marriott Vacations Worldwide and gave the stock a buy rating in a report on Wednesday, October 9th. ValuEngine upgraded shares of Marriott Vacations Worldwide from a sell rating to a hold rating in a report on Monday, July 29th. Finally, Deutsche Bank restated a hold rating and issued a $107.00 price objective on shares of Marriott Vacations Worldwide in a report on Sunday, October 6th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of Buy and an average target price of $123.17.
Shares of NYSE VAC traded up $0.67 during midday trading on Wednesday, hitting $109.12. 4,613 shares of the company traded hands, compared to its average volume of 367,765. Marriott Vacations Worldwide has a 12-month low of $60.67 and a 12-month high of $113.08. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.62 and a current ratio of 3.41. The stock has a 50-day moving average price of $103.91 and a 200 day moving average price of $98.78. The firm has a market cap of $4.63 billion, a P/E ratio of 18.49, a P/E/G ratio of 1.49 and a beta of 1.71.
Marriott Vacations Worldwide (NYSE:VAC) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $1.99 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.75 by $0.24. The business had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.11 billion. Marriott Vacations Worldwide had a net margin of 1.50% and a return on equity of 8.11%. The business’s revenue was up 79.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.59 earnings per share. As a group, equities analysts expect that Marriott Vacations Worldwide will post 7.94 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Thursday, September 19th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date of this dividend was Wednesday, September 18th. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is presently 30.61%.
In other news, Director Thomas J. Hutchison III sold 984 shares of the company’s stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $107.71, for a total value of $105,986.64. Following the transaction, the director now owns 20,449 shares in the company, valued at $2,202,561.79. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO R. Lee Cunningham sold 2,226 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $107.37, for a total transaction of $239,005.62. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. Steward Partners Investment Advisory LLC bought a new position in shares of Marriott Vacations Worldwide in the second quarter worth approximately $26,000. Doyle Wealth Management bought a new position in shares of Marriott Vacations Worldwide in the second quarter worth approximately $52,000. Asset Planning Services Ltd. lifted its stake in shares of Marriott Vacations Worldwide by 11.8% in the second quarter. Asset Planning Services Ltd. now owns 1,190 shares of the company’s stock worth $115,000 after buying an additional 126 shares in the last quarter. Advisory Services Network LLC lifted its stake in shares of Marriott Vacations Worldwide by 1,048.5% in the second quarter. Advisory Services Network LLC now owns 1,562 shares of the company’s stock worth $151,000 after buying an additional 1,426 shares in the last quarter. Finally, Greenwood Capital Associates LLC bought a new position in shares of Marriott Vacations Worldwide in the second quarter worth approximately $270,000. Hedge funds and other institutional investors own 81.41% of the company’s stock.
About Marriott Vacations Worldwide
Marriott Vacations Worldwide Corporation develops, markets, sells, and manages vacation ownership and related products under the Marriott Vacation Club, Grand Residences by Marriott, Sheraton, Westin, Hyatt Residence Club brands, and Marriott Vacation Club Pulse brands. The company operates through two segments, Vacation Ownership and Exchange & Third-Party Management.
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