OLD National Bancorp IN acquired a new position in shares of Marriott Vacations Worldwide Corp (NYSE:VAC) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 4,160 shares of the company’s stock, valued at approximately $465,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Itau Unibanco Holding S.A. acquired a new stake in shares of Marriott Vacations Worldwide during the second quarter worth approximately $108,000. Macquarie Group Ltd. increased its holdings in shares of Marriott Vacations Worldwide by 266.7% during the second quarter. Macquarie Group Ltd. now owns 1,100 shares of the company’s stock worth $124,000 after buying an additional 800 shares in the last quarter. Moneta Group Investment Advisors LLC acquired a new stake in shares of Marriott Vacations Worldwide during the second quarter worth approximately $132,000. Contravisory Investment Management Inc. acquired a new stake in shares of Marriott Vacations Worldwide during the second quarter worth approximately $143,000. Finally, Cerebellum GP LLC acquired a new stake in shares of Marriott Vacations Worldwide during the third quarter worth approximately $151,000. 90.64% of the stock is owned by institutional investors.
Several analysts have recently weighed in on VAC shares. Zacks Investment Research lowered shares of Marriott Vacations Worldwide from a “strong-buy” rating to a “sell” rating in a report on Tuesday, July 31st. Jefferies Financial Group started coverage on shares of Marriott Vacations Worldwide in a report on Monday, July 16th. They set a “buy” rating and a $150.00 price objective for the company. ValuEngine raised shares of Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a report on Wednesday, July 11th. Finally, Nomura set a $158.00 price target on shares of Marriott Vacations Worldwide and gave the company a “buy” rating in a report on Thursday, August 23rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $137.95.
Marriott Vacations Worldwide (NYSE:VAC) last issued its quarterly earnings results on Thursday, August 2nd. The company reported $1.59 earnings per share for the quarter, missing analysts’ consensus estimates of $1.84 by ($0.25). The company had revenue of $594.69 million during the quarter, compared to analyst estimates of $595.15 million. Marriott Vacations Worldwide had a net margin of 9.16% and a return on equity of 15.81%. The business’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period in the prior year, the business earned $1.74 EPS. Equities analysts predict that Marriott Vacations Worldwide Corp will post 7.18 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, October 4th. Investors of record on Thursday, September 20th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date of this dividend was Wednesday, September 19th. Marriott Vacations Worldwide’s dividend payout ratio is currently 27.68%.
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.
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