Sandy Spring Bank cut its holdings in shares of Marriott Vacations Worldwide Corp (NYSE:VAC) by 19.2% during the 1st quarter, HoldingsChannel reports. The fund owned 1,938 shares of the company’s stock after selling 461 shares during the quarter. Sandy Spring Bank’s holdings in Marriott Vacations Worldwide were worth $182,000 at the end of the most recent reporting period.
Several other hedge funds have also bought and sold shares of VAC. Rhumbline Advisers boosted its stake in Marriott Vacations Worldwide by 50.4% in the 4th quarter. Rhumbline Advisers now owns 125,884 shares of the company’s stock worth $8,876,000 after purchasing an additional 42,203 shares during the period. Prudential Financial Inc. grew its position in shares of Marriott Vacations Worldwide by 1,426.5% during the 4th quarter. Prudential Financial Inc. now owns 504,921 shares of the company’s stock worth $35,602,000 after buying an additional 471,845 shares in the last quarter. BlackRock Inc. grew its position in shares of Marriott Vacations Worldwide by 0.8% during the 4th quarter. BlackRock Inc. now owns 4,715,828 shares of the company’s stock worth $332,514,000 after buying an additional 39,735 shares in the last quarter. Stifel Financial Corp grew its position in shares of Marriott Vacations Worldwide by 5.4% during the 4th quarter. Stifel Financial Corp now owns 5,479 shares of the company’s stock worth $377,000 after buying an additional 283 shares in the last quarter. Finally, Public Employees Retirement System of Ohio boosted its position in Marriott Vacations Worldwide by 126.2% during the fourth quarter. Public Employees Retirement System of Ohio now owns 86,775 shares of the company’s stock valued at $6,119,000 after purchasing an additional 48,417 shares in the last quarter. 87.18% of the stock is currently owned by hedge funds and other institutional investors.
Shares of VAC stock opened at $97.53 on Thursday. The company has a debt-to-equity ratio of 1.16, a current ratio of 3.05 and a quick ratio of 2.32. The company has a market cap of $4.26 billion, a P/E ratio of 16.59, a P/E/G ratio of 1.37 and a beta of 1.66. Marriott Vacations Worldwide Corp has a twelve month low of $60.67 and a twelve month high of $126.84.
Marriott Vacations Worldwide (NYSE:VAC) last announced its quarterly earnings results on Tuesday, May 7th. The company reported $1.45 earnings per share for the quarter, missing the consensus estimate of $1.69 by ($0.24). The company had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.08 billion. Marriott Vacations Worldwide had a net margin of 0.60% and a return on equity of 8.05%. The firm’s revenue was up 85.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.39 earnings per share. As a group, equities analysts predict that Marriott Vacations Worldwide Corp will post 7.72 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 6th. Investors of record on Thursday, May 23rd will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.85%. The ex-dividend date is Wednesday, May 22nd. Marriott Vacations Worldwide’s dividend payout ratio is currently 30.61%.
Several equities research analysts have weighed in on the company. Zacks Investment Research downgraded Marriott Vacations Worldwide from a “buy” rating to a “hold” rating in a report on Wednesday, March 6th. Credit Suisse Group restated an “outperform” rating and issued a $120.00 price objective on shares of Marriott Vacations Worldwide in a research note on Wednesday, March 20th. SunTrust Banks raised their price objective on Marriott Vacations Worldwide to $149.00 and gave the stock a “positive” rating in a research note on Friday, March 1st. Nomura reduced their price objective on Marriott Vacations Worldwide from $158.00 to $136.00 and set a “buy” rating for the company in a research note on Thursday, February 28th. Finally, ValuEngine upgraded Marriott Vacations Worldwide from a “strong sell” rating to a “sell” rating in a research note on Thursday, January 24th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $129.57.
In related news, SVP Laurie A. Sullivan sold 2,857 shares of Marriott Vacations Worldwide stock in a transaction that occurred on Friday, March 29th. The stock was sold at an average price of $95.87, for a total transaction of $273,900.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 2.30% of the stock is currently owned by company insiders.
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, Sheraton, Westin, Hyatt Residence Club brands, and Marriott Vacation Club Pulse brands. The company operates through two segments, Vacation Ownership and Exchange & Third-Party Management.
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