Verdence Capital Advisors LLC Has $211,000 Stock Position in Marriott Vacations Worldwide Co. (NYSE:VAC)

Verdence Capital Advisors LLC lifted its position in Marriott Vacations Worldwide Co. (NYSE:VACGet Rating) by 8.7% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,339 shares of the company’s stock after buying an additional 107 shares during the period. Verdence Capital Advisors LLC’s holdings in Marriott Vacations Worldwide were worth $211,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in VAC. Total Clarity Wealth Management Inc. bought a new stake in shares of Marriott Vacations Worldwide in the 4th quarter valued at $25,000. Sageworth Trust Co of South Dakota bought a new position in Marriott Vacations Worldwide during the 4th quarter worth about $28,000. UMB Bank N A MO bought a new position in Marriott Vacations Worldwide during the 4th quarter worth about $31,000. Cornerstone Advisory LLC bought a new position in Marriott Vacations Worldwide during the 4th quarter worth about $43,000. Finally, Migdal Insurance & Financial Holdings Ltd. increased its holdings in Marriott Vacations Worldwide by 60.9% during the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 420 shares of the company’s stock worth $66,000 after purchasing an additional 159 shares in the last quarter. Institutional investors own 86.67% of the company’s stock.

Marriott Vacations Worldwide Trading Down 0.8 %

Shares of NYSE:VAC opened at $129.66 on Monday. Marriott Vacations Worldwide Co. has a 52-week low of $110.08 and a 52-week high of $174.74. The company has a market capitalization of $5.37 billion, a P/E ratio of 43.22 and a beta of 2.15. The company has a 50-day simple moving average of $130.26 and a 200 day simple moving average of $147.01. The company has a debt-to-equity ratio of 1.60, a quick ratio of 2.31 and a current ratio of 2.86.

Marriott Vacations Worldwide (NYSE:VACGet Rating) last issued its earnings results on Thursday, May 5th. The company reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.23. Marriott Vacations Worldwide had a net margin of 3.23% and a return on equity of 9.84%. The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same period last year, the business posted ($0.49) EPS. Marriott Vacations Worldwide’s revenue was up 38.6% on a year-over-year basis. Sell-side analysts forecast that Marriott Vacations Worldwide Co. will post 9.98 earnings per share for the current year.

Marriott Vacations Worldwide Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 9th. Shareholders of record on Thursday, May 26th were given a dividend of $0.62 per share. The ex-dividend date of this dividend was Wednesday, May 25th. This represents a $2.48 annualized dividend and a yield of 1.91%. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is presently 82.67%.

Analyst Ratings Changes

VAC has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft lowered their target price on Marriott Vacations Worldwide from $202.00 to $188.00 in a report on Friday, June 17th. StockNews.com cut Marriott Vacations Worldwide from a “buy” rating to a “hold” rating in a report on Wednesday, June 22nd. Finally, Barclays started coverage on Marriott Vacations Worldwide in a report on Tuesday, June 28th. They issued an “overweight” rating and a $136.00 price objective for the company. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Marriott Vacations Worldwide currently has an average rating of “Moderate Buy” and an average price target of $187.00.

About Marriott Vacations Worldwide

(Get Rating)

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.

Read More

Want to see what other hedge funds are holding VAC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Marriott Vacations Worldwide Co. (NYSE:VACGet Rating).

Institutional Ownership by Quarter for Marriott Vacations Worldwide (NYSE:VAC)

Receive News & Ratings for Marriott Vacations Worldwide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marriott Vacations Worldwide and related companies with MarketBeat.com's FREE daily email newsletter.