3,303 Shares in Marriott Vacations Worldwide Co. (NYSE:VAC) Acquired by MQS Management LLC

MQS Management LLC acquired a new stake in shares of Marriott Vacations Worldwide Co. (NYSE:VAC) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,303 shares of the company’s stock, valued at approximately $288,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Allspring Global Investments Holdings LLC grew its stake in shares of Marriott Vacations Worldwide by 615.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 286 shares of the company’s stock worth $31,000 after acquiring an additional 246 shares during the period. Fidelis Capital Partners LLC bought a new position in Marriott Vacations Worldwide during the first quarter worth about $41,000. Quadrant Capital Group LLC increased its stake in shares of Marriott Vacations Worldwide by 20.9% in the fourth quarter. Quadrant Capital Group LLC now owns 1,013 shares of the company’s stock worth $86,000 after purchasing an additional 175 shares in the last quarter. Innealta Capital LLC purchased a new position in shares of Marriott Vacations Worldwide in the second quarter worth about $90,000. Finally, TFO Wealth Partners LLC lifted its stake in shares of Marriott Vacations Worldwide by 61,550.0% during the 4th quarter. TFO Wealth Partners LLC now owns 1,233 shares of the company’s stock valued at $105,000 after buying an additional 1,231 shares in the last quarter. 89.52% of the stock is owned by institutional investors.

Insider Activity at Marriott Vacations Worldwide

In other news, insider Jason P. Marino purchased 700 shares of the business’s stock in a transaction on Wednesday, September 11th. The shares were acquired at an average price of $69.00 per share, with a total value of $48,300.00. Following the acquisition, the insider now directly owns 15,851 shares in the company, valued at $1,093,719. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.70% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

VAC has been the subject of a number of recent research reports. Stifel Nicolaus reduced their price objective on shares of Marriott Vacations Worldwide from $108.00 to $96.50 and set a “buy” rating for the company in a research note on Friday, September 13th. JMP Securities reduced their price target on Marriott Vacations Worldwide from $115.00 to $90.00 and set a “market outperform” rating for the company in a research report on Friday, August 2nd. Mizuho dropped their price objective on Marriott Vacations Worldwide from $128.00 to $126.00 and set a “buy” rating on the stock in a report on Friday, June 14th. Barclays reduced their target price on Marriott Vacations Worldwide from $106.00 to $82.00 and set an “equal weight” rating for the company in a report on Friday, August 2nd. Finally, Deutsche Bank Aktiengesellschaft lowered 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. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $97.45.

Marriott Vacations Worldwide Price Performance

Shares of NYSE:VAC opened at $74.49 on Friday. The company has a quick ratio of 2.72, a current ratio of 3.28 and a debt-to-equity ratio of 2.21. The stock has a market cap of $2.62 billion, a PE ratio of 13.77, a PEG ratio of 0.64 and a beta of 1.81. The company’s fifty day moving average is $76.44 and its 200 day moving average is $88.19. Marriott Vacations Worldwide Co. has a 52 week low of $67.28 and a 52 week high of $108.57.

Marriott Vacations Worldwide (NYSE:VAC) last released its quarterly earnings data on Wednesday, July 31st. The company reported $1.10 EPS for the quarter, missing the consensus estimate 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 company had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.21 billion. During the same quarter in the prior year, the firm posted $2.19 EPS. The firm’s quarterly revenue was down 3.2% on a year-over-year basis. Research analysts anticipate that Marriott Vacations Worldwide Co. will post 6.12 earnings per share for the current year.

Marriott Vacations Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 3rd. Investors of record on Thursday, September 19th will be paid a $0.76 dividend. This represents a $3.04 annualized dividend and a dividend yield of 4.08%. The ex-dividend date of this dividend is Thursday, September 19th. Marriott Vacations Worldwide’s payout ratio is 56.19%.

Marriott Vacations Worldwide Company Profile

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.