Marriott Vacations Worldwide Co. (NYSE:VAC) Shares Bought by Inspire Investing LLC

Inspire Investing LLC lifted its stake in shares of Marriott Vacations Worldwide Co. (NYSE:VAC) by 37.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,597 shares of the company’s stock after purchasing an additional 1,512 shares during the period. Inspire Investing LLC’s holdings in Marriott Vacations Worldwide were worth $411,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Allspring Global Investments Holdings LLC boosted its stake in Marriott Vacations Worldwide by 615.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 286 shares of the company’s stock worth $31,000 after buying an additional 246 shares during the last quarter. Quarry LP boosted its position in shares of Marriott Vacations Worldwide by 368.4% during the 2nd quarter. Quarry LP now owns 445 shares of the company’s stock valued at $39,000 after acquiring an additional 350 shares during the last quarter. Fidelis Capital Partners LLC purchased a new stake in shares of Marriott Vacations Worldwide in the first quarter valued at about $41,000. Innealta Capital LLC acquired a new stake in Marriott Vacations Worldwide during the second quarter worth about $90,000. Finally, EMC Capital Management purchased a new position in Marriott Vacations Worldwide during the first quarter worth about $144,000. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on VAC shares. StockNews.com downgraded shares of Marriott Vacations Worldwide from a “hold” rating to a “sell” rating in a report on Friday, July 19th. Barclays cut their target price on 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 decreased their price target on 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. Deutsche Bank Aktiengesellschaft cut their price objective on 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, JMP Securities decreased their target price on shares of Marriott Vacations Worldwide from $115.00 to $90.00 and set a “market outperform” rating on the stock in a research report on Friday, August 2nd. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $96.65.

Marriott Vacations Worldwide Stock Down 1.3 %

Shares of NYSE:VAC opened at $79.36 on Friday. The company has a debt-to-equity ratio of 2.21, a current ratio of 3.28 and a quick ratio of 2.72. The firm has a market capitalization of $2.79 billion, a PE ratio of 14.67, a price-to-earnings-growth ratio of 0.67 and a beta of 1.80. The firm’s 50-day moving average is $73.41 and its two-hundred day moving average is $84.73. Marriott Vacations Worldwide Co. has a 1 year low of $67.28 and a 1 year high of $108.57.

Marriott Vacations Worldwide (NYSE:VAC) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $1.10 earnings per share for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.89). The company had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.21 billion. Marriott Vacations Worldwide had a return on equity of 9.89% and a net margin of 3.41%. The firm’s revenue was down 3.2% compared to the same quarter last year. During the same period in the prior year, the company posted $2.19 EPS. Analysts predict that Marriott Vacations Worldwide Co. will post 6.11 EPS for the current year.

Marriott Vacations Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Thursday, September 19th were paid a dividend of $0.76 per share. The ex-dividend date of this dividend was Thursday, September 19th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 3.83%. Marriott Vacations Worldwide’s payout ratio is 56.19%.

Insider Activity at Marriott Vacations Worldwide

In other news, insider Jason P. Marino purchased 700 shares of the stock in a transaction on Wednesday, September 11th. The stock was bought at an average price of $69.00 per share, for a total transaction of $48,300.00. Following the acquisition, the insider now directly owns 15,851 shares of the company’s stock, valued at approximately $1,093,719. The trade was a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.70% of the stock is owned by corporate insiders.

Marriott Vacations Worldwide Company 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.