Nuveen Asset Management LLC grew its holdings in Marriott Vacations Worldwide Co. (NYSE:VAC – Get Rating) by 3.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 202,675 shares of the company’s stock after purchasing an additional 6,281 shares during the quarter. Nuveen Asset Management LLC owned approximately 0.53% of Marriott Vacations Worldwide worth $24,698,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of the business. Cibc World Market Inc. boosted its stake in shares of Marriott Vacations Worldwide by 3.7% in the 2nd quarter. Cibc World Market Inc. now owns 1,919 shares of the company’s stock valued at $223,000 after purchasing an additional 69 shares during the last quarter. Fifth Third Bancorp boosted its stake in Marriott Vacations Worldwide by 2.5% during the 3rd quarter. Fifth Third Bancorp now owns 3,625 shares of the company’s stock worth $442,000 after acquiring an additional 89 shares during the last quarter. Ethic Inc. boosted its stake in Marriott Vacations Worldwide by 3.7% during the 1st quarter. Ethic Inc. now owns 2,779 shares of the company’s stock worth $438,000 after acquiring an additional 100 shares during the last quarter. Raymond James & Associates boosted its stake in Marriott Vacations Worldwide by 6.0% during the 1st quarter. Raymond James & Associates now owns 2,004 shares of the company’s stock worth $316,000 after acquiring an additional 113 shares during the last quarter. Finally, BTC Capital Management Inc. boosted its stake in Marriott Vacations Worldwide by 6.1% during the 2nd quarter. BTC Capital Management Inc. now owns 2,089 shares of the company’s stock worth $244,000 after acquiring an additional 120 shares during the last quarter. Institutional investors own 82.81% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Marriott Vacations Worldwide from $191.00 to $188.00 and set a “buy” rating on the stock in a research note on Friday, February 24th. StockNews.com downgraded shares of Marriott Vacations Worldwide from a “buy” rating to a “hold” rating in a report on Friday, February 24th. Jefferies Financial Group dropped their target price on shares of Marriott Vacations Worldwide from $195.00 to $184.00 and set a “buy” rating on the stock in a report on Friday, February 3rd. Bank of America initiated coverage on shares of Marriott Vacations Worldwide in a report on Monday, February 6th. They set a “neutral” rating and a $180.00 target price on the stock. Finally, Credit Suisse Group dropped their target price on shares of Marriott Vacations Worldwide from $219.00 to $214.00 and set an “outperform” rating on the stock in a report on Friday, February 24th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $192.33.
Insider Buying and Selling
Marriott Vacations Worldwide Price Performance
NYSE VAC opened at $152.18 on Thursday. The company has a quick ratio of 2.73, a current ratio of 3.26 and a debt-to-equity ratio of 2.01. Marriott Vacations Worldwide Co. has a 12-month low of $110.08 and a 12-month high of $165.85. The company has a market capitalization of $5.83 billion, a PE ratio of 17.27 and a beta of 2.06. The firm’s 50 day moving average is $150.54 and its 200-day moving average is $143.79.
Marriott Vacations Worldwide (NYSE:VAC – Get Rating) last posted its quarterly earnings data on Wednesday, February 22nd. The company reported $2.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.85 by ($0.11). Marriott Vacations Worldwide had a net margin of 8.40% and a return on equity of 17.13%. The business had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same quarter last year, the business earned $2.38 earnings per share. Marriott Vacations Worldwide’s revenue for the quarter was up 8.0% on a year-over-year basis. Equities research analysts anticipate that Marriott Vacations Worldwide Co. will post 11.4 earnings per share for the current fiscal year.
Marriott Vacations Worldwide Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 16th. Investors of record on Thursday, March 2nd will be issued a dividend of $0.72 per share. The ex-dividend date of this dividend is Wednesday, March 1st. This represents a $2.88 dividend on an annualized basis and a yield of 1.89%. Marriott Vacations Worldwide’s payout ratio is 32.69%.
Marriott Vacations Worldwide Profile
Marriott Vacations Worldwide Corp. is a global vacation company engaged in vacation ownership, exchange, rental and resort and property management, along with related businesses, products and services. It operates through Vacation Ownership and Exchange & Third-Party Management. The Vacation Ownership segment develops, markets, sells, and manages vacation ownership and related products under the Marriott Vacation Club, Grand Residences by Marriott, Sheraton Vacation Club, Westin Vacation Club, and Hyatt Residence Club brands.
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