Xponance Inc. Sells 391 Shares of Marriott Vacations Worldwide Co. (NYSE:VAC)

Xponance Inc. trimmed its holdings in shares of Marriott Vacations Worldwide Co. (NYSE:VAC) by 9.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,627 shares of the company’s stock after selling 391 shares during the quarter. Xponance Inc.’s holdings in Marriott Vacations Worldwide were worth $317,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in VAC. Janney Montgomery Scott LLC bought a new stake in shares of Marriott Vacations Worldwide during the fourth quarter worth $552,000. TFO Wealth Partners LLC increased its stake in shares of Marriott Vacations Worldwide by 61,550.0% during the fourth 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 during the period. Blueshift Asset Management LLC purchased a new position in shares of Marriott Vacations Worldwide during the fourth quarter valued at $252,000. Capital World Investors bought a new stake in shares of Marriott Vacations Worldwide in the fourth quarter valued at about $210,000. Finally, Nebula Research & Development LLC raised its holdings in shares of Marriott Vacations Worldwide by 64.1% in the fourth quarter. Nebula Research & Development LLC now owns 10,007 shares of the company’s stock valued at $849,000 after acquiring an additional 3,910 shares in the last quarter. 89.52% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

VAC has been the subject of several recent research reports. Stifel Nicolaus decreased their price objective on Marriott Vacations Worldwide from $108.00 to $96.50 and set a “buy” rating for the company in a report on Friday, September 13th. Deutsche Bank Aktiengesellschaft decreased their price objective on Marriott Vacations Worldwide from $121.00 to $95.00 and set a “buy” rating for the company in a report on Tuesday, August 6th. JMP Securities decreased their price objective 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. Mizuho decreased 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. Finally, Truist Financial decreased their price objective on Marriott Vacations Worldwide from $161.00 to $159.00 and set a “buy” rating for the company in a report on Friday, July 19th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Marriott Vacations Worldwide currently has an average rating of “Hold” and a consensus price target of $96.65.

Insider Activity at Marriott Vacations Worldwide

In other news, insider Jason P. Marino bought 700 shares of the company’s stock in a transaction that occurred 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 in the company, valued at $1,093,719. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.70% of the stock is owned by insiders.

Marriott Vacations Worldwide Stock Performance

VAC opened at $73.74 on Wednesday. Marriott Vacations Worldwide Co. has a 52-week low of $67.28 and a 52-week high of $108.57. 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 company has a market cap of $2.59 billion, a P/E ratio of 13.63, a price-to-earnings-growth ratio of 0.70 and a beta of 1.81. The firm’s 50-day moving average price is $74.28 and its 200-day moving average price is $86.96.

Marriott Vacations Worldwide (NYSE:VAC) last posted its quarterly earnings data 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 company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same quarter last year, the company earned $2.19 EPS. The business’s revenue was down 3.2% compared to the same quarter last year. As a group, equities analysts anticipate that Marriott Vacations Worldwide Co. will post 6.11 EPS for the current fiscal 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 is Thursday, September 19th. This represents a $3.04 dividend on an annualized basis and a yield of 4.12%. Marriott Vacations Worldwide’s dividend payout ratio is currently 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.