Burgundy Asset Management Ltd. Reduces Position in Marriott Vacations Worldwide Co. (NYSE:VAC)

Burgundy Asset Management Ltd. decreased its holdings in Marriott Vacations Worldwide Co. (NYSE:VAC) by 76.2% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 261,260 shares of the company’s stock after selling 835,026 shares during the quarter. Burgundy Asset Management Ltd. owned 0.74% of Marriott Vacations Worldwide worth $22,813,000 at the end of the most recent quarter.

Other 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% in the first 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 purchased a new stake in Marriott Vacations Worldwide during the 1st quarter valued at $41,000. Quadrant Capital Group LLC raised its stake in Marriott Vacations Worldwide by 20.9% during the 4th quarter. Quadrant Capital Group LLC now owns 1,013 shares of the company’s stock valued at $86,000 after buying an additional 175 shares during the last quarter. Innealta Capital LLC purchased a new position in shares of Marriott Vacations Worldwide in the 2nd quarter worth $90,000. Finally, TFO Wealth Partners LLC grew its holdings in shares of Marriott Vacations Worldwide by 61,550.0% in the fourth quarter. TFO Wealth Partners LLC now owns 1,233 shares of the company’s stock worth $105,000 after acquiring an additional 1,231 shares during the period. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Stifel Nicolaus lowered their target price on Marriott Vacations Worldwide from $108.00 to $96.50 and set a “buy” rating on the stock in a report on Friday, September 13th. The Goldman Sachs Group began coverage on shares of Marriott Vacations Worldwide in a research note on Wednesday. They issued a “sell” rating and a $62.00 price objective on the stock. JMP Securities cut their target price on shares of 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. StockNews.com cut shares of Marriott Vacations Worldwide from a “hold” rating to a “sell” rating in a report on Friday, July 19th. Finally, Deutsche Bank Aktiengesellschaft dropped 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 research note on Tuesday, August 6th. Three analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Marriott Vacations Worldwide currently has a consensus rating of “Hold” and a consensus target price of $97.45.

Marriott Vacations Worldwide Stock Down 2.2 %

VAC opened at $72.29 on Thursday. The stock has a market cap of $2.54 billion, a price-to-earnings ratio of 13.36, a price-to-earnings-growth ratio of 0.64 and a beta of 1.81. The company has a debt-to-equity ratio of 2.21, a quick ratio of 2.72 and a current ratio of 3.28. The firm’s fifty day moving average is $76.97 and its 200 day moving average is $88.40. Marriott Vacations Worldwide Co. has a fifty-two week low of $67.28 and a fifty-two week high of $108.57.

Marriott Vacations Worldwide (NYSE:VAC) last announced 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 net margin of 3.41% and a return on equity of 9.89%. The business had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.21 billion. During the same quarter in the previous year, the firm earned $2.19 earnings per share. Marriott Vacations Worldwide’s revenue was down 3.2% on a year-over-year basis. On average, sell-side analysts forecast that Marriott Vacations Worldwide Co. will post 6.12 earnings per share for the current fiscal year.

Marriott Vacations Worldwide Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Thursday, September 19th will be issued a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 4.21%. The ex-dividend date of this dividend is Thursday, September 19th. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is currently 56.19%.

Insider Activity

In related news, insider Jason P. Marino bought 700 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The stock was bought at an average cost 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 of the company’s stock, valued at approximately $1,093,719. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.70% of the company’s stock.

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.