Federated Hermes Inc. Sells 1,395 Shares of Marriott Vacations Worldwide Co. (NYSE:VAC)

Federated Hermes Inc. reduced its holdings in shares of Marriott Vacations Worldwide Co. (NYSE:VAC) by 17.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,805 shares of the company’s stock after selling 1,395 shares during the quarter. Federated Hermes Inc.’s holdings in Marriott Vacations Worldwide were worth $594,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Picton Mahoney Asset Management bought a new position in Marriott Vacations Worldwide during the first quarter worth $4,676,000. Harbor Capital Advisors Inc. grew its stake in Marriott Vacations Worldwide by 335.6% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 25,457 shares of the company’s stock valued at $2,223,000 after buying an additional 19,613 shares during the last quarter. Capital World Investors bought a new position in Marriott Vacations Worldwide in the 4th quarter valued at about $210,000. Blueshift Asset Management LLC acquired a new stake in Marriott Vacations Worldwide during the fourth quarter worth approximately $252,000. Finally, Vanguard Group Inc. boosted its holdings in shares of Marriott Vacations Worldwide by 4.6% during the first quarter. Vanguard Group Inc. now owns 3,266,238 shares of the company’s stock worth $351,872,000 after acquiring an additional 143,074 shares during the period. 89.52% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently weighed in on VAC. JMP Securities dropped their price target on 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. The Goldman Sachs Group initiated coverage on shares of Marriott Vacations Worldwide in a research note on Wednesday, September 18th. They issued a “sell” rating and a $62.00 price target on the stock. Stifel Nicolaus dropped 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. StockNews.com lowered shares of Marriott Vacations Worldwide from a “hold” rating to a “sell” rating in a research report on Friday, July 19th. Finally, Barclays dropped their price target on shares of Marriott Vacations Worldwide from $106.00 to $82.00 and set an “equal weight” rating for the company in a research report on Friday, August 2nd. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $97.45.

Insider Buying and Selling

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

Marriott Vacations Worldwide Stock Up 1.0 %

Shares of VAC opened at $75.22 on Tuesday. The firm has a 50 day simple moving average of $75.96 and a two-hundred day simple moving average of $87.87. The company has a debt-to-equity ratio of 2.21, a current ratio of 3.28 and a quick ratio of 2.72. Marriott Vacations Worldwide Co. has a one year low of $67.28 and a one year high of $108.57. The company has a market cap of $2.65 billion, a P/E ratio of 13.90, a P/E/G ratio of 0.64 and a beta of 1.81.

Marriott Vacations Worldwide (NYSE:VAC) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $1.10 EPS for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.89). The business had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.21 billion. Marriott Vacations Worldwide had a return on equity of 9.89% and a net margin of 3.41%. Marriott Vacations Worldwide’s quarterly revenue was down 3.2% on a year-over-year basis. During the same period last year, the firm posted $2.19 EPS. Research 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 declared a quarterly dividend, which will be paid on Thursday, October 3rd. Investors of record on Thursday, September 19th will be issued a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a dividend yield of 4.04%. The ex-dividend date of this dividend is Thursday, September 19th. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is presently 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.