Inspire Investing LLC Acquires 751 Shares of Marriott Vacations Worldwide Co. (NYSE:VAC)

Inspire Investing LLC lifted its holdings in Marriott Vacations Worldwide Co. (NYSE:VAC) by 22.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,085 shares of the company’s stock after acquiring an additional 751 shares during the period. Inspire Investing LLC’s holdings in Marriott Vacations Worldwide were worth $357,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC purchased a new position in Marriott Vacations Worldwide during the fourth quarter worth $552,000. Quadrant Capital Group LLC lifted its holdings in shares of Marriott Vacations Worldwide by 20.9% in the 4th quarter. Quadrant Capital Group LLC now owns 1,013 shares of the company’s stock worth $86,000 after acquiring an additional 175 shares during the last quarter. Norges Bank purchased a new position in shares of Marriott Vacations Worldwide during the 4th quarter worth about $31,220,000. Coldstream Capital Management Inc. grew its holdings in Marriott Vacations Worldwide by 17.1% during the 4th quarter. Coldstream Capital Management Inc. now owns 3,001 shares of the company’s stock valued at $255,000 after purchasing an additional 438 shares during the last quarter. Finally, Quest Partners LLC purchased a new stake in Marriott Vacations Worldwide in the 4th quarter worth about $141,000. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Insider Buying and Selling

In other Marriott Vacations Worldwide news, insider Jason P. Marino acquired 700 shares of the company’s stock in a transaction dated Wednesday, September 11th. The shares were acquired at an average cost of $69.00 per share, with a total value of $48,300.00. Following the acquisition, the insider now directly owns 15,851 shares of the company’s stock, valued at $1,093,719. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.70% of the stock is owned by corporate insiders.

Marriott Vacations Worldwide Stock Down 0.1 %

NYSE:VAC opened at $74.49 on Friday. The company’s 50 day moving average is $76.19 and its two-hundred day moving average is $88.05. The company has a market cap of $2.62 billion, a PE ratio of 13.77, a P/E/G ratio of 0.64 and a beta of 1.81. Marriott Vacations Worldwide Co. has a twelve month low of $67.28 and a twelve 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 released its earnings results on Wednesday, July 31st. The company reported $1.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.99 by ($0.89). Marriott Vacations Worldwide had a net margin of 3.41% and a return on equity of 9.89%. The firm had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.21 billion. During the same period in the previous year, the company earned $2.19 earnings per share. Marriott Vacations Worldwide’s revenue was down 3.2% on a year-over-year basis. Analysts anticipate that Marriott Vacations Worldwide Co. will post 6.12 EPS for the current year.

Marriott Vacations Worldwide Dividend Announcement

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 given a $0.76 dividend. The ex-dividend date of this dividend is Thursday, September 19th. This represents a $3.04 dividend on an annualized basis and a yield of 4.08%. Marriott Vacations Worldwide’s dividend payout ratio is currently 56.19%.

Wall Street Analyst Weigh In

VAC has been the subject of several recent analyst reports. StockNews.com lowered Marriott Vacations Worldwide from a “hold” rating to a “sell” rating in a research report on Friday, July 19th. 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 report on Friday, June 14th. Deutsche Bank Aktiengesellschaft decreased their target price on Marriott Vacations Worldwide from $121.00 to $95.00 and set a “buy” rating for the company in a research report on Tuesday, August 6th. Stifel Nicolaus cut their price target on shares of Marriott Vacations Worldwide from $108.00 to $96.50 and set a “buy” rating on the stock in a report on Friday, September 13th. Finally, Barclays decreased their price objective on shares of 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. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Marriott Vacations Worldwide presently has an average rating of “Hold” and a consensus price target of $97.45.

Marriott Vacations Worldwide 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.