Marriott Vacations Worldwide Co. (NYSE:VAC) Stake Lessened by Grandview Asset Management LLC

Grandview Asset Management LLC decreased its holdings in shares of Marriott Vacations Worldwide Co. (NYSE:VAC) by 47.3% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 6,920 shares of the company’s stock after selling 6,200 shares during the quarter. Grandview Asset Management LLC’s holdings in Marriott Vacations Worldwide were worth $509,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Impactive Capital LP acquired a new position in Marriott Vacations Worldwide in the 1st quarter valued at approximately $123,613,000. Capital World Investors acquired a new position in shares of Marriott Vacations Worldwide in the fourth quarter worth $210,000. GRS Advisors LLC raised its holdings in shares of Marriott Vacations Worldwide by 2,050.8% during the fourth quarter. GRS Advisors LLC now owns 242,288 shares of the company’s stock worth $20,568,000 after acquiring an additional 231,023 shares in the last quarter. AQR Capital Management LLC boosted its position in Marriott Vacations Worldwide by 178.2% during the second quarter. AQR Capital Management LLC now owns 355,089 shares of the company’s stock valued at $29,771,000 after purchasing an additional 227,465 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Marriott Vacations Worldwide by 14.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,599,789 shares of the company’s stock valued at $139,687,000 after purchasing an additional 207,938 shares in the last quarter. 89.52% of the stock is owned by institutional investors and hedge funds.

Marriott Vacations Worldwide Stock Performance

VAC stock traded up $2.53 during mid-day trading on Friday, reaching $76.38. 268,098 shares of the stock traded hands, compared to its average volume of 471,991. The company has a quick ratio of 2.72, a current ratio of 3.28 and a debt-to-equity ratio of 2.21. The business has a 50-day moving average of $73.73 and a two-hundred day moving average of $86.63. The firm has a market capitalization of $2.69 billion, a PE ratio of 14.12, a P/E/G ratio of 0.70 and a beta of 1.80. Marriott Vacations Worldwide Co. has a 52 week low of $67.28 and a 52 week high of $108.57.

Marriott Vacations Worldwide (NYSE:VAC) last announced its earnings results on Wednesday, July 31st. The company reported $1.10 earnings per share for the quarter, missing the consensus estimate of $1.99 by ($0.89). The business had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.21 billion. Marriott Vacations Worldwide had a net margin of 3.41% and a return on equity of 9.89%. Marriott Vacations Worldwide’s revenue for the quarter was down 3.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.19 EPS. As a group, equities analysts predict that Marriott Vacations Worldwide Co. will post 6.11 EPS for the current fiscal year.

Marriott Vacations Worldwide Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Thursday, September 19th were given a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 3.98%. The ex-dividend date was Thursday, September 19th. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is currently 56.19%.

Insider Activity at Marriott Vacations Worldwide

In related news, insider Jason P. Marino purchased 700 shares of the firm’s stock in a transaction on Wednesday, September 11th. The shares were bought at an average cost of $69.00 per share, for a total transaction of $48,300.00. Following the transaction, the insider now directly owns 15,851 shares of the company’s stock, valued at approximately $1,093,719. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on VAC shares. Mizuho cut their price target on Marriott Vacations Worldwide from $128.00 to $126.00 and set a “buy” rating for the company in a research note on Friday, June 14th. Truist Financial cut their price objective on shares of Marriott Vacations Worldwide from $161.00 to $159.00 and set a “buy” rating on the stock in a research report on Friday, July 19th. Barclays reduced their target price on shares of Marriott Vacations Worldwide from $82.00 to $74.00 and set an “equal weight” rating for the company in a research note on Thursday, September 26th. Stifel Nicolaus dropped their price target on shares of Marriott Vacations Worldwide from $108.00 to $96.50 and set a “buy” rating on the stock in a research note on Friday, September 13th. Finally, The Goldman Sachs Group assumed coverage on shares of Marriott Vacations Worldwide in a research note on Wednesday, September 18th. They issued a “sell” rating and a $62.00 price objective for the company. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $96.65.

About Marriott Vacations Worldwide

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.