Rhumbline Advisers Acquires 462 Shares of Marriott Vacations Worldwide Co. (VAC)

Rhumbline Advisers raised its holdings in Marriott Vacations Worldwide Co. (NYSE:VAC) by 0.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 60,288 shares of the company’s stock after purchasing an additional 462 shares during the quarter. Rhumbline Advisers owned about 0.23% of Marriott Vacations Worldwide worth $8,030,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Valeo Financial Advisors LLC acquired a new position in Marriott Vacations Worldwide in the fourth quarter valued at $101,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Marriott Vacations Worldwide by 56.5% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,205 shares of the company’s stock worth $163,000 after acquiring an additional 435 shares during the period. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of Marriott Vacations Worldwide by 42.0% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,231 shares of the company’s stock worth $166,000 after acquiring an additional 364 shares during the period. Capital Investment Advisors LLC acquired a new position in shares of Marriott Vacations Worldwide during the fourth quarter worth about $206,000. Finally, Godsey & Gibb Associates acquired a new position in shares of Marriott Vacations Worldwide during the fourth quarter worth about $208,000. Institutional investors own 73.79% of the company’s stock.

Shares of Marriott Vacations Worldwide stock opened at $117.69 on Friday. Marriott Vacations Worldwide Co. has a 52-week low of $116.52 and a 52-week high of $118.29. The company has a current ratio of 5.59, a quick ratio of 3.83 and a debt-to-equity ratio of 0.95. The stock has a market cap of $3.10 billion, a PE ratio of 20.36 and a beta of 1.33.

Marriott Vacations Worldwide (NYSE:VAC) last issued its earnings results on Thursday, May 3rd. The company reported $1.39 earnings per share for the quarter, missing the consensus estimate of $1.50 by ($0.11). Marriott Vacations Worldwide had a return on equity of 16.31% and a net margin of 11.25%. The company had revenue of $570.80 million for the quarter, compared to analyst estimates of $519.37 million. During the same quarter in the previous year, the company posted $1.22 earnings per share. The company’s quarterly revenue was up 8.0% compared to the same quarter last year. equities analysts anticipate that Marriott Vacations Worldwide Co. will post 7.07 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, June 11th. Shareholders of record on Monday, May 28th will be given a dividend of $0.40 per share. The ex-dividend date is Thursday, May 24th. This represents a $1.60 annualized dividend and a yield of 1.36%. Marriott Vacations Worldwide’s payout ratio is currently 27.68%.

In other Marriott Vacations Worldwide news, VP Michael E. Yonker sold 2,636 shares of the company’s stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $143.21, for a total transaction of $377,501.56. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Dwight D. Smith sold 1,250 shares of the company’s stock in a transaction dated Wednesday, March 7th. The stock was sold at an average price of $146.60, for a total transaction of $183,250.00. The disclosure for this sale can be found here. Corporate insiders own 3.50% of the company’s stock.

VAC has been the topic of a number of recent analyst reports. Janney Montgomery Scott reiterated a “buy” rating and set a $122.61 price target on shares of Marriott Vacations Worldwide in a research note on Tuesday, May 1st. SunTrust Banks upgraded shares of Marriott Vacations Worldwide from a “hold” rating to a “buy” rating in a research note on Monday, April 30th. ValuEngine upgraded shares of Marriott Vacations Worldwide from a “hold” rating to a “buy” rating in a research note on Monday, February 5th. Finally, Deutsche Bank dropped their price target on shares of Marriott Vacations Worldwide from $139.00 to $130.00 and set a “hold” rating on the stock in a research note on Friday, May 4th. One analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $137.07.

About Marriott Vacations Worldwide

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.

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

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