Macquarie Group Ltd. Trims Stock Position in Marriott Vacations Worldwide Co. (NYSE:VAC)

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Macquarie Group Ltd. decreased its holdings in Marriott Vacations Worldwide Co. (NYSE:VAC – Get Rating) by 4.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 449,370 shares of the company’s stock after selling 19,650 shares during the quarter. Macquarie Group Ltd. owned about 1.17% of Marriott Vacations Worldwide worth $54,832,000 at the end of the most recent quarter.

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Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Cibc World Market Inc. grew its stake in shares of Marriott Vacations Worldwide by 3.7% during the 2nd quarter. Cibc World Market Inc. now owns 1,919 shares of the company’s stock worth $223,000 after purchasing an additional 69 shares during the period. Fifth Third Bancorp grew its stake in shares of Marriott Vacations Worldwide by 2.5% during the 3rd quarter. Fifth Third Bancorp now owns 3,625 shares of the company’s stock worth $442,000 after purchasing an additional 89 shares during the period. Ethic Inc. grew its stake in shares of Marriott Vacations Worldwide by 3.7% during the 1st quarter. Ethic Inc. now owns 2,779 shares of the company’s stock worth $438,000 after purchasing an additional 100 shares during the period. Raymond James & Associates grew its stake in shares of Marriott Vacations Worldwide by 6.0% during the 1st quarter. Raymond James & Associates now owns 2,004 shares of the company’s stock worth $316,000 after purchasing an additional 113 shares during the period. Finally, BTC Capital Management Inc. grew its stake in shares of Marriott Vacations Worldwide by 6.1% during the 2nd quarter. BTC Capital Management Inc. now owns 2,089 shares of the company’s stock worth $244,000 after purchasing an additional 120 shares during the period. Hedge funds and other institutional investors own 82.81% of the company’s stock.

Insider Transactions at Marriott Vacations Worldwide

In other news, VP Dwight D. Smith sold 2,627 shares of the firm’s stock in a transaction that occurred on Monday, January 23rd. The shares were sold at an average price of $157.00, for a total transaction of $412,439.00. Following the completion of the sale, the vice president now owns 14,485 shares of the company’s stock, valued at $2,274,145. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 2.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on VAC shares. Truist Financial increased their price objective on shares of Marriott Vacations Worldwide from $205.00 to $223.00 and gave the company a “buy” rating in a research note on Tuesday. Jefferies Financial Group reduced their target price on shares of Marriott Vacations Worldwide from $195.00 to $184.00 and set a “buy” rating on the stock in a report on Friday, February 3rd. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Marriott Vacations Worldwide from $191.00 to $188.00 and set a “buy” rating on the stock in a report on Friday, February 24th. Bank of America started coverage on shares of Marriott Vacations Worldwide in a report on Monday, February 6th. They issued a “neutral” rating and a $180.00 target price on the stock. Finally, StockNews.com lowered shares of Marriott Vacations Worldwide from a “buy” rating to a “hold” rating in a report on Friday, February 24th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $192.33.

Marriott Vacations Worldwide Stock Down 0.1 %

Shares of NYSE:VAC opened at $152.18 on Thursday. The company has a quick ratio of 2.73, a current ratio of 3.26 and a debt-to-equity ratio of 2.01. Marriott Vacations Worldwide Co. has a 52-week low of $110.08 and a 52-week high of $165.85. The company has a 50 day moving average of $150.54 and a two-hundred day moving average of $143.79. The company has a market capitalization of $5.67 billion, a price-to-earnings ratio of 17.27 and a beta of 2.06.

Marriott Vacations Worldwide (NYSE:VAC – Get Rating) last issued its quarterly earnings data on Wednesday, February 22nd. The company reported $2.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.85 by ($0.11). Marriott Vacations Worldwide had a net margin of 8.40% and a return on equity of 17.13%. The firm had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same period last year, the business earned $2.38 EPS. The firm’s revenue was up 8.0% compared to the same quarter last year. As a group, analysts forecast that Marriott Vacations Worldwide Co. will post 11.4 earnings per share for the current fiscal year.

Marriott Vacations Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 16th. Stockholders of record on Thursday, March 2nd will be given a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date is Wednesday, March 1st. Marriott Vacations Worldwide’s payout ratio is currently 32.69%.

Marriott Vacations Worldwide Profile

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Marriott Vacations Worldwide Corp. is a global vacation company engaged in vacation ownership, exchange, rental and resort and property management, along with related businesses, products and services. It operates through Vacation Ownership and Exchange & Third-Party Management. The Vacation Ownership segment develops, markets, sells, and manages vacation ownership and related products under the Marriott Vacation Club, Grand Residences by Marriott, Sheraton Vacation Club, Westin Vacation Club, and Hyatt Residence Club brands.