Northern Trust Corp lifted its position in shares of Marriott Vacations Worldwide Corp (NYSE:VAC) by 1.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 439,319 shares of the company’s stock after buying an additional 6,683 shares during the period. Northern Trust Corp’s holdings in Marriott Vacations Worldwide were worth $49,625,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of VAC. Wells Fargo & Company MN boosted its position in shares of Marriott Vacations Worldwide by 4.7% during the first quarter. Wells Fargo & Company MN now owns 54,707 shares of the company’s stock worth $7,287,000 after buying an additional 2,456 shares during the period. PNC Financial Services Group Inc. boosted its position in Marriott Vacations Worldwide by 24.8% during the first quarter. PNC Financial Services Group Inc. now owns 11,123 shares of the company’s stock valued at $1,481,000 after purchasing an additional 2,213 shares during the last quarter. Stifel Financial Corp boosted its position in Marriott Vacations Worldwide by 18.4% during the first quarter. Stifel Financial Corp now owns 2,908 shares of the company’s stock valued at $389,000 after purchasing an additional 452 shares during the last quarter. Principal Financial Group Inc. boosted its position in Marriott Vacations Worldwide by 3.4% during the first quarter. Principal Financial Group Inc. now owns 197,250 shares of the company’s stock valued at $26,274,000 after purchasing an additional 6,558 shares during the last quarter. Finally, Profund Advisors LLC boosted its position in Marriott Vacations Worldwide by 30.0% during the first quarter. Profund Advisors LLC now owns 4,153 shares of the company’s stock valued at $553,000 after purchasing an additional 959 shares during the last quarter. 90.24% of the stock is owned by institutional investors.
Shares of NYSE VAC opened at $93.73 on Friday. Marriott Vacations Worldwide Corp has a 52 week low of $92.00 and a 52 week high of $154.14. The company has a quick ratio of 5.17, a current ratio of 6.99 and a debt-to-equity ratio of 1.25. The company has a market cap of $2.97 billion, a P/E ratio of 16.22, a P/E/G ratio of 1.56 and a beta of 1.41.
Marriott Vacations Worldwide (NYSE:VAC) last issued its quarterly earnings results on Thursday, August 2nd. The company reported $1.59 EPS for the quarter, missing the consensus estimate of $1.84 by ($0.25). The company had revenue of $594.69 million for the quarter, compared to analyst estimates of $595.15 million. Marriott Vacations Worldwide had a net margin of 9.16% and a return on equity of 15.81%. The business’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period last year, the company posted $1.74 earnings per share. As a group, equities research analysts anticipate that Marriott Vacations Worldwide Corp will post 7.18 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 4th. Shareholders of record on Thursday, September 20th were paid a $0.40 dividend. The ex-dividend date was Wednesday, September 19th. This represents a $1.60 annualized dividend and a yield of 1.71%. Marriott Vacations Worldwide’s dividend payout ratio is 27.68%.
Several brokerages recently commented on VAC. ValuEngine cut Marriott Vacations Worldwide from a “hold” rating to a “sell” rating in a research report on Wednesday, September 12th. Stifel Nicolaus reduced their price target on Marriott Vacations Worldwide from $160.00 to $147.00 and set a “buy” rating for the company in a research report on Wednesday, June 20th. Zacks Investment Research raised Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a research report on Thursday, September 13th. Nomura set a $158.00 price target on Marriott Vacations Worldwide and gave the company a “buy” rating in a research report on Thursday, August 23rd. Finally, Jefferies Financial Group began coverage on Marriott Vacations Worldwide in a research report on Monday, July 16th. They set a “buy” rating and a $150.00 price target for the company. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the stock. Marriott Vacations Worldwide currently has an average rating of “Buy” and a consensus target price of $143.07.
Marriott Vacations Worldwide Company 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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