UBS Asset Management Americas Inc. Acquires 534 Shares of Marriott Vacations Worldwide Corp (VAC)

UBS Asset Management Americas Inc. raised its holdings in shares of Marriott Vacations Worldwide Corp (NYSE:VAC) by 4.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,811 shares of the company’s stock after purchasing an additional 534 shares during the quarter. UBS Asset Management Americas Inc. owned approximately 0.05% of Marriott Vacations Worldwide worth $1,867,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Marriott Vacations Worldwide by 56.5% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,205 shares of the company’s stock valued at $163,000 after purchasing an additional 435 shares during the last quarter. Capital Investment Advisors LLC purchased a new stake in Marriott Vacations Worldwide during the fourth quarter valued at about $206,000. Godsey & Gibb Associates purchased a new stake in Marriott Vacations Worldwide during the fourth quarter valued at about $208,000. DekaBank Deutsche Girozentrale lifted its holdings in Marriott Vacations Worldwide by 87.9% during the third quarter. DekaBank Deutsche Girozentrale now owns 1,896 shares of the company’s stock valued at $210,000 after purchasing an additional 887 shares during the last quarter. Finally, Macquarie Group Ltd. purchased a new stake in Marriott Vacations Worldwide during the third quarter valued at about $212,000. 73.97% of the stock is currently owned by institutional investors and hedge funds.

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Several research firms have commented on VAC. ValuEngine raised shares of Marriott Vacations Worldwide from a “hold” rating to a “buy” rating in a report on Monday, February 5th. SunTrust Banks reaffirmed a “hold” rating and set a $141.00 price objective on shares of Marriott Vacations Worldwide in a report on Tuesday, February 27th. Zacks Investment Research raised shares of Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a report on Friday, January 12th. Finally, Macquarie began coverage on shares of Marriott Vacations Worldwide in a report on Friday, January 5th. They set an “outperform” rating on the stock. One investment analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $136.11.

Shares of Marriott Vacations Worldwide Corp (NYSE:VAC) opened at $140.98 on Tuesday. Marriott Vacations Worldwide Corp has a fifty-two week low of $93.30 and a fifty-two week high of $154.14. The stock has a market cap of $3,762.36, a PE ratio of 17.17 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 (NYSE:VAC) last announced its quarterly earnings results on Tuesday, February 27th. The company reported $1.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $481.22 million for the quarter, compared to the consensus estimate of $491.36 million. During the same period in the prior year, the firm posted $1.83 earnings per share. The company’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 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date of this dividend was Wednesday, February 28th. Marriott Vacations Worldwide’s payout ratio is 19.49%.

In related news, VP Michael E. Yonker sold 2,636 shares of the firm’s stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $143.21, for a total value of $377,501.56. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Dwight D. Smith sold 1,250 shares of the firm’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 disclosure for this sale can be found here. Over the last three months, insiders sold 5,128 shares of company stock worth $748,368. Insiders own 3.30% of the company’s stock.

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About Marriott Vacations Worldwide

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.

Institutional Ownership by Quarter for Marriott Vacations Worldwide (NYSE:VAC)

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