Marriott Vacations Worldwide Co. (NYSE:VAC) Shares Sold by Bamco Inc. NY

Bamco Inc. NY reduced its stake in shares of Marriott Vacations Worldwide Co. (NYSE:VAC) by 90.2% in the 1st quarter, Holdings Channel.com reports. The fund owned 141,526 shares of the company’s stock after selling 1,305,679 shares during the quarter. Bamco Inc. NY’s holdings in Marriott Vacations Worldwide were worth $15,247,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Tremblant Capital Group bought a new position in shares of Marriott Vacations Worldwide during the first quarter worth about $5,628,000. Long Pond Capital LP acquired a new stake in Marriott Vacations Worldwide during the first quarter valued at approximately $15,292,000. EntryPoint Capital LLC grew its position in shares of Marriott Vacations Worldwide by 244.1% in the 1st quarter. EntryPoint Capital LLC now owns 1,624 shares of the company’s stock worth $175,000 after acquiring an additional 1,152 shares in the last quarter. Natixis bought a new stake in shares of Marriott Vacations Worldwide in the 1st quarter valued at approximately $560,000. Finally, CANADA LIFE ASSURANCE Co raised its position in shares of Marriott Vacations Worldwide by 20.7% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 24,501 shares of the company’s stock valued at $2,645,000 after acquiring an additional 4,198 shares in the last quarter. Institutional investors own 89.52% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Barclays lifted their price objective on shares of Marriott Vacations Worldwide from $102.00 to $106.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 8th. Mizuho dropped their price objective on shares of Marriott Vacations Worldwide from $128.00 to $126.00 and set a “buy” rating on the stock in a research note on Friday, June 14th. JMP Securities reaffirmed a “market outperform” rating and set a $115.00 target price on shares of Marriott Vacations Worldwide in a report on Thursday, July 18th. Stifel Nicolaus raised their price target on Marriott Vacations Worldwide from $115.00 to $117.00 and gave the stock a “buy” rating in a report on Tuesday, May 7th. Finally, Truist Financial lowered their price objective on Marriott Vacations Worldwide from $161.00 to $159.00 and set a “buy” rating for the company in a research note on Friday, July 19th. Two analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, Marriott Vacations Worldwide has an average rating of “Hold” and a consensus price target of $112.00.

Marriott Vacations Worldwide Stock Performance

Shares of NYSE:VAC traded up $0.09 on Friday, hitting $85.46. The company’s stock had a trading volume of 413,029 shares, compared to its average volume of 430,622. Marriott Vacations Worldwide Co. has a 12 month low of $72.78 and a 12 month high of $129.74. The stock’s 50-day moving average is $87.50 and its two-hundred day moving average is $91.87. The company has a debt-to-equity ratio of 2.22, a quick ratio of 2.62 and a current ratio of 3.12. The company has a market capitalization of $3.00 billion, a price-to-earnings ratio of 15.80, a price-to-earnings-growth ratio of 0.64 and a beta of 1.81.

Marriott Vacations Worldwide (NYSE:VAC) last released its earnings results on Monday, May 6th. The company reported $1.80 EPS for the quarter, beating the consensus estimate of $1.66 by $0.14. The firm had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.17 billion. Marriott Vacations Worldwide had a net margin of 4.50% and a return on equity of 11.77%. Marriott Vacations Worldwide’s quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter last year, the company earned $2.54 EPS. On average, equities research analysts forecast that Marriott Vacations Worldwide Co. will post 7.6 EPS for the current year.

Marriott Vacations Worldwide Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 6th. Shareholders of record on Thursday, May 23rd were paid a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 3.56%. The ex-dividend date of this dividend was Wednesday, May 22nd. Marriott Vacations Worldwide’s payout ratio is currently 56.19%.

Marriott Vacations Worldwide Profile

Marriott Vacations Worldwide Corporation, a vacation company, develops, markets, sells, and manages vacation ownership and related businesses, products, and services in the United States and internationally. It operates through two segments, Vacation Ownership and Exchange & Third-Party Management.