Municipal Employees Retirement System of Michigan trimmed its holdings in Marriott Vacations Worldwide Corp (NYSE:VAC) by 13.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,170 shares of the company’s stock after selling 1,480 shares during the quarter. Municipal Employees Retirement System of Michigan’s holdings in Marriott Vacations Worldwide were worth $1,240,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Bamco Inc. NY raised its stake in shares of Marriott Vacations Worldwide by 0.6% during the third quarter. Bamco Inc. NY now owns 2,162,214 shares of the company’s stock worth $269,261,000 after purchasing an additional 13,800 shares during the last quarter. Valeo Financial Advisors LLC purchased a new stake in shares of Marriott Vacations Worldwide during the fourth quarter worth approximately $101,000. Swiss National Bank raised its stake in shares of Marriott Vacations Worldwide by 1.6% during the fourth quarter. Swiss National Bank now owns 38,945 shares of the company’s stock worth $5,266,000 after purchasing an additional 600 shares during the last quarter. Arizona State Retirement System raised its stake in shares of Marriott Vacations Worldwide by 218.7% during the fourth quarter. Arizona State Retirement System now owns 39,631 shares of the company’s stock worth $5,359,000 after purchasing an additional 27,196 shares during the last quarter. Finally, BlackRock Inc. raised its stake in shares of Marriott Vacations Worldwide by 0.5% during the fourth quarter. BlackRock Inc. now owns 2,879,448 shares of the company’s stock worth $389,331,000 after purchasing an additional 14,786 shares during the last quarter. 73.97% of the stock is owned by hedge funds and other institutional investors.
Marriott Vacations Worldwide Corp (NYSE:VAC) opened at $140.98 on Tuesday. The stock has a market capitalization of $3,762.36, a price-to-earnings ratio of 24.49 and a beta of 1.29. The company has a debt-to-equity ratio of 1.05, a current ratio of 5.22 and a quick ratio of 3.71. Marriott Vacations Worldwide Corp has a 52-week low of $93.30 and a 52-week high of $154.14.
Marriott Vacations Worldwide (NYSE:VAC) last released its quarterly earnings data on Tuesday, February 27th. The company reported $1.56 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.16 by $0.40. The firm had revenue of $481.22 million during the quarter, compared to analysts’ expectations of $491.36 million. Marriott Vacations Worldwide had a return on equity of 16.46% and a net margin of 11.61%. Marriott Vacations Worldwide’s revenue was down 14.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.83 earnings per share. equities analysts expect that Marriott Vacations Worldwide Corp will post 6.94 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend was Wednesday, February 28th. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is 19.49%.
Several research firms have recently commented on VAC. Macquarie assumed coverage on Marriott Vacations Worldwide in a research note on Friday, January 5th. They set an “outperform” rating for the company. SunTrust Banks reiterated a “hold” rating and issued a $141.00 price objective on shares of Marriott Vacations Worldwide in a research report on Tuesday, February 27th. ValuEngine upgraded Marriott Vacations Worldwide from a “hold” rating to a “buy” rating in a research report on Monday, February 5th. Finally, Zacks Investment Research upgraded Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a research report on Friday, January 12th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $136.11.
In other Marriott Vacations Worldwide news, VP Michael E. Yonker sold 2,636 shares of the company’s stock in a transaction on Thursday, March 1st. The stock was sold at an average price of $143.21, for a total value of $377,501.56. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Dwight D. Smith sold 1,250 shares of the company’s stock in a transaction on Wednesday, March 7th. The shares were sold at an average price of $146.60, for a total value of $183,250.00. The disclosure for this sale can be found here. Insiders sold 5,128 shares of company stock worth $748,368 in the last three months. 3.30% of the stock is owned by corporate insiders.
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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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