Marriott Vacations Worldwide Target of Unusually Large Options Trading (VAC)

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Marriott Vacations Worldwide Corp (NYSE:VAC) saw unusually large options trading activity on Wednesday. Stock traders acquired 1,315 put options on the stock. This is an increase of approximately 1,242% compared to the average daily volume of 98 put options.

Shares of NYSE:VAC opened at $95.69 on Friday. The company has a quick ratio of 3.00, a current ratio of 3.83 and a debt-to-equity ratio of 1.11. Marriott Vacations Worldwide has a fifty-two week low of $60.67 and a fifty-two week high of $150.00. The stock has a market cap of $4.48 billion, a P/E ratio of 16.56, a price-to-earnings-growth ratio of 1.21 and a beta of 1.63.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 14th. Investors of record on Thursday, February 28th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date is Wednesday, February 27th. Marriott Vacations Worldwide’s dividend payout ratio is presently 31.14%.

In related news, Director Charles Elliott Andrews bought 6,380 shares of the company’s stock in a transaction dated Wednesday, November 28th. The stock was bought at an average price of $79.17 per share, with a total value of $505,104.60. Following the transaction, the director now owns 6,380 shares of the company’s stock, valued at $505,104.60. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. 3.50% of the stock is currently owned by insiders.

Several large investors have recently made changes to their positions in VAC. FMR LLC grew its position in shares of Marriott Vacations Worldwide by 1.7% during the 2nd quarter. FMR LLC now owns 1,319,230 shares of the company’s stock valued at $149,020,000 after buying an additional 21,916 shares during the last quarter. Bank of Montreal Can boosted its stake in Marriott Vacations Worldwide by 21.8% during the 3rd quarter. Bank of Montreal Can now owns 5,580 shares of the company’s stock valued at $624,000 after purchasing an additional 997 shares during the period. State of New Jersey Common Pension Fund D boosted its stake in Marriott Vacations Worldwide by 577.5% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 16,937 shares of the company’s stock valued at $1,893,000 after purchasing an additional 14,437 shares during the period. Nisa Investment Advisors LLC boosted its stake in Marriott Vacations Worldwide by 71.1% during the 3rd quarter. Nisa Investment Advisors LLC now owns 9,649 shares of the company’s stock valued at $1,078,000 after purchasing an additional 4,008 shares during the period. Finally, Aperio Group LLC boosted its stake in Marriott Vacations Worldwide by 147.5% during the 3rd quarter. Aperio Group LLC now owns 13,335 shares of the company’s stock valued at $1,490,000 after purchasing an additional 7,947 shares during the period. 81.40% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts have recently weighed in on VAC shares. ValuEngine raised shares of Marriott Vacations Worldwide from a “strong sell” rating to a “sell” rating in a research report on Thursday, January 24th. Zacks Investment Research raised shares of Marriott Vacations Worldwide from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 29th. Macquarie downgraded shares of Marriott Vacations Worldwide from an “outperform” rating to a “neutral” rating in a research report on Thursday, November 15th. Finally, Deutsche Bank lowered their price objective on shares of Marriott Vacations Worldwide from $134.00 to $93.00 and set a “hold” rating for the company in a research report on Monday, January 7th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company’s stock. Marriott Vacations Worldwide presently has an average rating of “Buy” and a consensus price target of $132.58.

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Marriott Vacations Worldwide Company Profile

Marriott Vacations Worldwide Corporation develops, markets, sells, and manages vacation ownership and related products under the Marriott Vacation Club, Grand Residences by Marriott, and Marriott Vacation Club Pulse brands. It operates through three segments: North America, Asia Pacific, and Europe. The company also develops, markets, and sells vacation ownership and related products under The Ritz-Carlton Destination Club brand; and holds right to develop, market, and sell ownership residential products under The Ritz-Carlton Residences brand.

Read More: Leveraged Buyout (LBO)

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