Marriott Vacations Worldwide Co. (NYSE:VAC) Stake Lifted by Tremblant Capital Group

Tremblant Capital Group boosted its holdings in shares of Marriott Vacations Worldwide Co. (NYSE:VAC) by 79.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 93,858 shares of the company’s stock after purchasing an additional 41,616 shares during the period. Marriott Vacations Worldwide makes up approximately 0.9% of Tremblant Capital Group’s holdings, making the stock its 26th biggest position. Tremblant Capital Group’s holdings in Marriott Vacations Worldwide were worth $8,196,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Picton Mahoney Asset Management acquired a new stake in Marriott Vacations Worldwide during the first quarter valued at approximately $4,676,000. Harbor Capital Advisors Inc. lifted its position in shares of Marriott Vacations Worldwide by 335.6% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 25,457 shares of the company’s stock valued at $2,223,000 after acquiring an additional 19,613 shares in the last quarter. Capital World Investors purchased a new stake in shares of Marriott Vacations Worldwide in the 4th quarter valued at approximately $210,000. Blueshift Asset Management LLC purchased a new stake in shares of Marriott Vacations Worldwide in the 4th quarter valued at approximately $252,000. Finally, Vanguard Group Inc. lifted its position in shares of Marriott Vacations Worldwide by 4.6% in the 1st quarter. Vanguard Group Inc. now owns 3,266,238 shares of the company’s stock valued at $351,872,000 after acquiring an additional 143,074 shares in the last quarter. 89.52% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Marriott Vacations Worldwide

In other news, insider Jason P. Marino bought 700 shares of the stock in a transaction that occurred on Wednesday, September 11th. The shares were acquired at an average cost of $69.00 per share, for a total transaction of $48,300.00. Following the purchase, the insider now owns 15,851 shares of the company’s stock, valued at approximately $1,093,719. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.70% of the stock is currently owned by company insiders.

Marriott Vacations Worldwide Stock Performance

Shares of VAC opened at $75.22 on Tuesday. The company’s fifty day moving average is $75.96 and its 200-day moving average is $87.87. Marriott Vacations Worldwide Co. has a 12 month low of $67.28 and a 12 month high of $108.57. The firm has a market cap of $2.65 billion, a price-to-earnings ratio of 13.90, a price-to-earnings-growth ratio of 0.64 and a beta of 1.81. The company has a quick ratio of 2.72, a current ratio of 3.28 and a debt-to-equity ratio of 2.21.

Marriott Vacations Worldwide (NYSE:VAC) last announced its quarterly earnings results on Wednesday, July 31st. The company reported $1.10 EPS for the quarter, missing the consensus estimate of $1.99 by ($0.89). Marriott Vacations Worldwide had a return on equity of 9.89% and a net margin of 3.41%. The business had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same quarter last year, the company earned $2.19 EPS. The business’s revenue for the quarter was down 3.2% compared to the same quarter last year. Equities analysts expect that Marriott Vacations Worldwide Co. will post 6.12 EPS for the current fiscal year.

Marriott Vacations Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 3rd. Investors of record on Thursday, September 19th will be paid a $0.76 dividend. The ex-dividend date of this dividend is Thursday, September 19th. This represents a $3.04 dividend on an annualized basis and a yield of 4.04%. Marriott Vacations Worldwide’s payout ratio is presently 56.19%.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Mizuho reduced their price target on shares of Marriott Vacations Worldwide from $128.00 to $126.00 and set a “buy” rating for the company in a research report on Friday, June 14th. Stifel Nicolaus cut their target price on shares of Marriott Vacations Worldwide from $108.00 to $96.50 and set a “buy” rating for the company in a research report on Friday, September 13th. StockNews.com downgraded shares of Marriott Vacations Worldwide from a “hold” rating to a “sell” rating in a research report on Friday, July 19th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Marriott Vacations Worldwide from $121.00 to $95.00 and set a “buy” rating for the company in a research report on Tuesday, August 6th. Finally, Truist Financial cut their target price on shares of Marriott Vacations Worldwide from $161.00 to $159.00 and set a “buy” rating for the company in a research report on Friday, July 19th. Three equities 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. According to data from MarketBeat, Marriott Vacations Worldwide currently has an average rating of “Hold” and a consensus price target of $97.45.

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.