National Bank of Canada FI Decreases Stock Position in Marriott Vacations Worldwide Co. (NYSE:VAC)

National Bank of Canada FI lessened its position in shares of Marriott Vacations Worldwide Co. (NYSE:VAC) by 78.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 550 shares of the company’s stock after selling 2,008 shares during the period. National Bank of Canada FI’s holdings in Marriott Vacations Worldwide were worth $46,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in VAC. Charles Schwab Investment Management Inc. boosted its position in Marriott Vacations Worldwide by 7.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 453,849 shares of the company’s stock worth $38,527,000 after purchasing an additional 33,373 shares during the period. Aigen Investment Management LP lifted its position in shares of Marriott Vacations Worldwide by 53.7% during the fourth quarter. Aigen Investment Management LP now owns 28,672 shares of the company’s stock worth $2,434,000 after acquiring an additional 10,016 shares in the last quarter. Picton Mahoney Asset Management bought a new position in shares of Marriott Vacations Worldwide in the first quarter worth $4,676,000. Dimensional Fund Advisors LP grew its position in shares of Marriott Vacations Worldwide by 5.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,387,206 shares of the company’s stock valued at $117,763,000 after purchasing an additional 66,362 shares in the last quarter. Finally, Harbor Capital Advisors Inc. raised its stake in shares of Marriott Vacations Worldwide by 335.6% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 25,457 shares of the company’s stock valued at $2,223,000 after purchasing an additional 19,613 shares during the period. Institutional investors own 89.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on VAC. Barclays cut their target price on Marriott Vacations Worldwide from $106.00 to $82.00 and set an “equal weight” rating for the company in a research note on Friday, August 2nd. Truist Financial reduced their price objective on shares of Marriott Vacations Worldwide from $161.00 to $159.00 and set a “buy” rating for the company in a research note on Friday, July 19th. JMP Securities cut their price target on shares of Marriott Vacations Worldwide from $115.00 to $90.00 and set a “market outperform” rating for the company in a report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Marriott Vacations Worldwide from $121.00 to $95.00 and set a “buy” rating on the stock in a report on Tuesday, August 6th. Finally, Mizuho dropped their price objective on Marriott Vacations Worldwide from $128.00 to $126.00 and set a “buy” rating for the company in a research note on Friday, June 14th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $101.39.

Insider Buying and Selling

In related news, insider Jason P. Marino acquired 700 shares of the company’s stock in a transaction dated Wednesday, September 11th. The stock was purchased at an average price of $69.00 per share, with a total value of $48,300.00. Following the completion of the purchase, the insider now owns 15,851 shares in the company, valued at approximately $1,093,719. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 1.70% of the stock is owned by corporate insiders.

Marriott Vacations Worldwide Price Performance

Shares of Marriott Vacations Worldwide stock opened at $73.29 on Monday. The business’s 50-day moving average price is $77.32 and its 200-day moving average price is $88.69. The firm has a market capitalization of $2.57 billion, a PE ratio of 13.55, a price-to-earnings-growth ratio of 0.64 and a beta of 1.81. Marriott Vacations Worldwide Co. has a 12 month low of $67.28 and a 12 month high of $108.57. The company has a current ratio of 3.28, a quick ratio of 2.72 and a debt-to-equity ratio of 2.21.

Marriott Vacations Worldwide (NYSE:VAC) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $1.10 earnings per share for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.89). Marriott Vacations Worldwide had a return on equity of 9.89% and a net margin of 3.41%. The business had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter in the previous year, the firm posted $2.19 earnings per share. The company’s revenue was down 3.2% compared to the same quarter last year. Sell-side analysts forecast that Marriott Vacations Worldwide Co. will post 6.12 EPS for the current fiscal year.

Marriott Vacations Worldwide Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Thursday, September 19th will be paid a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a dividend yield of 4.15%. The ex-dividend date is Thursday, September 19th. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is presently 56.19%.

About Marriott Vacations Worldwide

Marriott Vacations Worldwide Corporation, a vacation company, develops, markets, sells, and manages vacation ownership and related businesses, products, and services in the United States and internationally. It operates through two segments, Vacation Ownership and Exchange & Third-Party Management.