Allworth Financial LP cut its holdings in shares of Marriott Vacations Worldwide Co. (NYSE:VAC – Get Rating) by 23.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 446 shares of the company's stock after selling 135 shares during the quarter. Allworth Financial LP's holdings in Marriott Vacations Worldwide were worth $54,000 as of its most recent SEC filing.
Several other hedge funds also recently made changes to their positions in VAC. Heritage Wealth Management LLC bought a new position in shares of Marriott Vacations Worldwide during the second quarter worth approximately $33,000. Penserra Capital Management LLC bought a new position in shares of Marriott Vacations Worldwide during the first quarter worth approximately $40,000. CWM LLC increased its holdings in shares of Marriott Vacations Worldwide by 190.2% during the second quarter. CWM LLC now owns 357 shares of the company's stock worth $41,000 after purchasing an additional 234 shares during the period. Private Trust Co. NA bought a new position in shares of Marriott Vacations Worldwide during the second quarter worth approximately $47,000. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Marriott Vacations Worldwide by 1,336.7% during the second quarter. EverSource Wealth Advisors LLC now owns 431 shares of the company's stock worth $50,000 after purchasing an additional 401 shares during the period. 82.81% of the stock is owned by institutional investors.
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Marriott Vacations Worldwide Stock Performance
Shares of Marriott Vacations Worldwide stock opened at $134.59 on Friday. Marriott Vacations Worldwide Co. has a fifty-two week low of $110.08 and a fifty-two week high of $174.74. The company has a debt-to-equity ratio of 1.73, a current ratio of 3.31 and a quick ratio of 2.70. The firm has a market capitalization of $5.16 billion, a P/E ratio of 16.58 and a beta of 2.06. The company's 50 day moving average price is $141.40 and its two-hundred day moving average price is $135.86.
Marriott Vacations Worldwide (NYSE:VAC – Get Rating) last issued its earnings results on Monday, October 31st. The company reported $3.02 earnings per share for the quarter, beating analysts' consensus estimates of $2.63 by $0.39. Marriott Vacations Worldwide had a net
margin of 7.97% and a return on equity of 15.95%. The firm had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same quarter last year, the business posted $1.60 earnings per share. The company's quarterly revenue was up 19.0% on a year-over-year basis. On average, equities analysts forecast that Marriott Vacations Worldwide Co. will post 10.45 earnings per share for the current fiscal year.
Marriott Vacations Worldwide Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, January 5th. Shareholders of record on Thursday, December 22nd will be given a $0.72 dividend. The ex-dividend date is Wednesday, December 21st. This represents a $2.88 dividend on an annualized basis and a yield of 2.14%. This is a positive change from Marriott Vacations Worldwide's previous quarterly dividend of $0.62. Marriott Vacations Worldwide's dividend payout ratio (DPR) is currently 35.47%.
Analyst Ratings Changes
Several research analysts have recently commented on the stock. Credit Suisse Group lowered their target price on shares of Marriott Vacations Worldwide from $227.00 to $219.00 and set an "outperform" rating on the stock in a report on Wednesday, November 2nd. StockNews.com began coverage on shares of Marriott Vacations Worldwide in a research report on Wednesday, October 12th. They set a "buy" rating on the stock. Finally, Truist Financial increased their price target on shares of Marriott Vacations Worldwide from $202.00 to $205.00 and gave the stock a "buy" rating in a research report on Tuesday, November 15th. Four research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $195.25.
Marriott Vacations Worldwide Company Profile
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Marriott Vacations Worldwide Corporation, a vacation company, develops, markets, sells, and manages vacation ownership and related products. It operates through two segments, Vacation Ownership and Exchange & Third-Party Management. The company manages vacation ownership and related products under the Marriott Vacation Club, Grand Residences by Marriott, Sheraton Vacation Club, Westin Vacation Club, Hyatt Residence Club, and Marriott Vacation Club Pulse brands.
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