CAPROCK Group Inc. Decreases Position in Marriott Vacations Worldwide Corp (VAC)

CAPROCK Group Inc. cut its stake in shares of Marriott Vacations Worldwide Corp (NYSE:VAC) by 25.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,768 shares of the company’s stock after selling 615 shares during the quarter. CAPROCK Group Inc.’s holdings in Marriott Vacations Worldwide were worth $242,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in the stock. Amalgamated Bank grew its holdings in shares of Marriott Vacations Worldwide by 1.7% during the 2nd quarter. Amalgamated Bank now owns 3,097 shares of the company’s stock valued at $365,000 after purchasing an additional 51 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Marriott Vacations Worldwide by 7.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,170 shares of the company’s stock valued at $138,000 after purchasing an additional 77 shares during the last quarter. HighTower Advisors LLC grew its holdings in shares of Marriott Vacations Worldwide by 10.8% during the 2nd quarter. HighTower Advisors LLC now owns 2,769 shares of the company’s stock valued at $325,000 after purchasing an additional 271 shares during the last quarter. Louisiana State Employees Retirement System grew its holdings in shares of Marriott Vacations Worldwide by 4.1% during the 4th quarter. Louisiana State Employees Retirement System now owns 10,100 shares of the company’s stock valued at $1,366,000 after purchasing an additional 400 shares during the last quarter. Finally, Rhumbline Advisers grew its holdings in Marriott Vacations Worldwide by 0.8% during the 3rd quarter. Rhumbline Advisers now owns 52,390 shares of the company’s stock worth $6,524,000 after acquiring an additional 404 shares during the last quarter. 74.00% of the stock is currently owned by institutional investors.

Marriott Vacations Worldwide Corp (VAC) opened at $135.89 on Friday. The stock has a market cap of $3,610.00, a P/E ratio of 22.39 and a beta of 1.20. Marriott Vacations Worldwide Corp has a 1 year low of $82.11 and a 1 year high of $143.53. The company has a debt-to-equity ratio of 1.21, a current ratio of 6.64 and a quick ratio of 4.65.

Marriott Vacations Worldwide (NYSE:VAC) last issued its quarterly earnings results on Thursday, November 2nd. The company reported $1.41 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.14 by $0.27. The firm had revenue of $486.99 million for the quarter, compared to the consensus estimate of $470.05 million. Marriott Vacations Worldwide had a net margin of 8.28% and a return on equity of 17.91%. The company’s revenue for the quarter was up 21.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.96 EPS. equities research analysts forecast that Marriott Vacations Worldwide Corp will post 5.38 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, January 4th. Stockholders of record on Thursday, December 21st were given a $0.40 dividend. The ex-dividend date of this dividend was Wednesday, December 20th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.18%. This is an increase from Marriott Vacations Worldwide’s previous quarterly dividend of $0.35. Marriott Vacations Worldwide’s payout ratio is 26.36%.

In other news, VP Michael E. Yonker sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $134.43, for a total value of $336,075.00. Following the transaction, the vice president now owns 3,128 shares in the company, valued at approximately $420,497.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO R. Lee Cunningham sold 9,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $135.02, for a total transaction of $1,215,180.00. Following the completion of the transaction, the chief operating officer now owns 19,356 shares in the company, valued at approximately $2,613,447.12. The disclosure for this sale can be found here. Insiders sold a total of 14,312 shares of company stock worth $1,925,645 in the last 90 days. Corporate insiders own 3.30% of the company’s stock.

A number of equities research analysts have weighed in on VAC shares. Zacks Investment Research raised shares of Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a report on Friday, January 12th. Nomura boosted their target price on shares of Marriott Vacations Worldwide from $151.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, November 3rd. Stifel Nicolaus reissued a “buy” rating and set a $130.00 target price (up from $120.00) on shares of Marriott Vacations Worldwide in a report on Thursday, September 21st. ValuEngine lowered shares of Marriott Vacations Worldwide from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, Instinet started coverage on shares of Marriott Vacations Worldwide in a report on Wednesday, October 25th. They set a “buy” rating and a $151.00 target price on the stock. One research analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $133.22.

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Marriott Vacations Worldwide Company Profile

Marriott Vacations Worldwide Corporation focuses on vacation ownership, based on number of owners, number of resorts and revenues. The Company is an exclusive worldwide developer, marketer, seller and manager of vacation ownership and related products under the Marriott Vacation Club and Grand Residences by Marriott brands.

Institutional Ownership by Quarter for Marriott Vacations Worldwide (NYSE:VAC)

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