Commonwealth Equity Services LLC Increases Position in Marriott Vacations Worldwide Co. (NYSE:VAC)

Commonwealth Equity Services LLC boosted its holdings in shares of Marriott Vacations Worldwide Co. (NYSE:VAC) by 5.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,251 shares of the company’s stock after acquiring an additional 216 shares during the period. Commonwealth Equity Services LLC’s holdings in Marriott Vacations Worldwide were worth $371,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in Marriott Vacations Worldwide by 4.6% during the 1st quarter. Vanguard Group Inc. now owns 3,266,238 shares of the company’s stock valued at $351,872,000 after acquiring an additional 143,074 shares in the last quarter. Impactive Capital LP purchased a new stake in Marriott Vacations Worldwide during the 1st quarter valued at about $123,613,000. Burgundy Asset Management Ltd. grew its stake in Marriott Vacations Worldwide by 3.0% during the 1st quarter. Burgundy Asset Management Ltd. now owns 1,096,286 shares of the company’s stock valued at $118,103,000 after acquiring an additional 32,218 shares in the last quarter. Norges Bank purchased a new stake in Marriott Vacations Worldwide during the 4th quarter valued at about $31,220,000. Finally, GRS Advisors LLC grew its stake in Marriott Vacations Worldwide by 2,050.8% during the 4th quarter. GRS Advisors LLC now owns 242,288 shares of the company’s stock valued at $20,568,000 after acquiring an additional 231,023 shares in the last quarter. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Insiders Place Their Bets

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

Marriott Vacations Worldwide Price Performance

Shares of NYSE:VAC opened at $74.49 on Monday. The business’s fifty day moving average price is $76.19 and its two-hundred day moving average price is $88.00. The stock has a market cap of $2.62 billion, a PE ratio of 13.77, 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. Marriott Vacations Worldwide Co. has a one year low of $67.28 and a one year high of $108.57.

Marriott Vacations Worldwide (NYSE:VAC) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $1.10 earnings per share 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 analysts’ expectations of $1.21 billion. Marriott Vacations Worldwide had a return on equity of 9.89% and a net margin of 3.41%. The company’s revenue for the quarter was down 3.2% compared to the same quarter last year. During the same period in the prior year, the company earned $2.19 EPS. On average, analysts forecast that Marriott Vacations Worldwide Co. will post 6.12 EPS for the current fiscal year.

Marriott Vacations Worldwide Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. StockNews.com lowered shares of Marriott Vacations Worldwide from a “hold” rating to a “sell” rating in a report on Friday, July 19th. Truist Financial decreased their target price on shares of Marriott Vacations Worldwide from $161.00 to $159.00 and set a “buy” rating on the stock in a report on Friday, July 19th. JMP Securities decreased their target price on shares of Marriott Vacations Worldwide from $115.00 to $90.00 and set a “market outperform” rating on the stock in a report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft decreased their target price 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. Finally, The Goldman Sachs Group assumed coverage on shares of Marriott Vacations Worldwide in a report on Wednesday, September 18th. They issued a “sell” rating and a $62.00 target price on the stock. Three analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average 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.