Shares of Marriott Vacations Worldwide Corporation (NYSE:VAC – Get Free Report) have received an average recommendation of “Hold” from the fourteen brokerages that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $111.91.
A number of brokerages have weighed in on VAC. Wells Fargo & Company decreased their target price on Marriott Vacations Worldwide from $100.00 to $97.00 and set an “underweight” rating for the company in a research report on Thursday, November 5th. Barclays dropped their price target on shares of Marriott Vacations Worldwide from $140.00 to $139.00 and set an “overweight” rating on the stock in a report on Thursday, November 5th. JPMorgan Chase & Co. dropped their price target on shares of Marriott Vacations Worldwide from $125.00 to $124.00 and set an “overweight” rating on the stock in a report on Thursday, November 5th. Susquehanna lifted their price target on shares of Marriott Vacations Worldwide from $110.00 to $115.00 and gave the stock a “neutral” rating in a research note on Thursday, October 15th. Finally, Deutsche Bank reissued a “buy” rating and set a $134.00 price objective on shares of Marriott Vacations Worldwide in a report on Wednesday, August 12th.
View Our Latest Report on Marriott Vacations Worldwide
Insiders Place Their Bets
In other news, Director Christian Asmar sold 750,000 shares of the stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $111.49, for a total transaction of $83,617,500.00. Following the transaction, the director directly owned 3,380,818 shares of the company’s stock, valued at $376,927,398.82. This represents a 18.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Kathleen A. Pighini sold 2,500 shares of the firm’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $120.00, for a total value of $300,000.00. Following the completion of the transaction, the insider owned 10,821 shares in the company, valued at approximately $1,298,520. This trade represents a 18.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 13.30% of the stock is currently owned by insiders.
Institutional Trading of Marriott Vacations Worldwide
Several large investors have recently modified their holdings of VAC. Legal & General Group Plc bought a new position in Marriott Vacations Worldwide in the second quarter valued at about $6,681,000. Penn Capital Management Company LLC bought a new stake in shares of Marriott Vacations Worldwide during the 2nd quarter valued at about $16,611,000. Bank of New York Mellon Corp bought a new stake in shares of Marriott Vacations Worldwide during the 2nd quarter valued at about $17,975,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Marriott Vacations Worldwide during the 2nd quarter valued at about $8,269,000. Finally, Illinois Municipal Retirement Fund purchased a new stake in shares of Marriott Vacations Worldwide during the 1st quarter valued at about $868,000. Institutional investors own 89.52% of the company’s stock.
Marriott Vacations Worldwide Trading Up 1.4%
Shares of NYSE VAC opened at $117.25 on Monday. The firm’s 50 day moving average price is $107.05 and its 200-day moving average price is $88.41. Marriott Vacations Worldwide has a 52-week low of $44.58 and a 52-week high of $131.34. The company has a debt-to-equity ratio of 2.55, a quick ratio of 3.18 and a current ratio of 3.78. The company has a market cap of $4.04 billion, a PE ratio of -15.78, a P/E/G ratio of 2.47 and a beta of 1.31.
Marriott Vacations Worldwide (NYSE:VAC – Get Free Report) last announced its quarterly earnings data on Wednesday, November 4th. The company reported $2.64 earnings per share for the quarter, topping analysts’ consensus estimates of $2.57 by $0.07. The company had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.42 billion. Marriott Vacations Worldwide had a negative net margin of 4.75% and a positive return on equity of 14.36%. The firm’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.69 EPS. On average, equities research analysts expect that Marriott Vacations Worldwide will post 9.07 EPS for the current fiscal year.
Marriott Vacations Worldwide Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th were given a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend was Wednesday, September 16th. Marriott Vacations Worldwide’s payout ratio is -43.07%.
Marriott Vacations Worldwide Company Profile
Marriott Vacations Worldwide Corporation is a global vacation ownership and leisure company. It develops, markets and sells vacation ownership interests, and operates and manages resorts and related vacation programs. Its portfolio includes Marriott Vacation Club, Sheraton Vacation Club, Westin Vacation Club, Hyatt Vacation Club and other vacation ownership brands. The company also offers vacation exchange, rental and membership services, including through Interval International. Its resorts and programs serve travelers in destinations across the Americas, the Caribbean, Europe and the Asia-Pacific region.
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