Swiss National Bank Has $11 Million Stock Position in Marriott Vacations Worldwide Co. (NYSE:VAC)

Swiss National Bank decreased its position in Marriott Vacations Worldwide Co. (NYSE:VACGet Rating) by 1.0% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 94,636 shares of the company’s stock after selling 1,000 shares during the period. Swiss National Bank owned approximately 0.23% of Marriott Vacations Worldwide worth $10,997,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Marriott Vacations Worldwide by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 3,711,264 shares of the company’s stock valued at $585,266,000 after buying an additional 18,944 shares during the period. Principal Financial Group Inc. grew its holdings in shares of Marriott Vacations Worldwide by 3.3% in the 1st quarter. Principal Financial Group Inc. now owns 1,856,466 shares of the company’s stock valued at $292,765,000 after buying an additional 60,017 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Marriott Vacations Worldwide by 27.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 444,878 shares of the company’s stock valued at $70,158,000 after buying an additional 96,027 shares during the period. TimesSquare Capital Management LLC grew its holdings in shares of Marriott Vacations Worldwide by 2.4% in the 2nd quarter. TimesSquare Capital Management LLC now owns 406,500 shares of the company’s stock valued at $47,235,000 after buying an additional 9,500 shares during the period. Finally, Assenagon Asset Management S.A. acquired a new position in shares of Marriott Vacations Worldwide in the 2nd quarter valued at $22,191,000. Institutional investors and hedge funds own 84.08% of the company’s stock.

Marriott Vacations Worldwide Trading Up 0.6 %

Shares of NYSE:VAC opened at $144.61 on Friday. The company’s 50-day moving average price is $137.13 and its two-hundred day moving average price is $136.23. The company has a debt-to-equity ratio of 1.73, a current ratio of 3.31 and a quick ratio of 2.70. Marriott Vacations Worldwide Co. has a one year low of $110.08 and a one year high of $174.74. The stock has a market capitalization of $5.54 billion, a PE ratio of 17.81 and a beta of 2.08.

Marriott Vacations Worldwide (NYSE:VACGet Rating) last issued its quarterly earnings results on Monday, October 31st. The company reported $3.02 EPS for the quarter, topping the consensus estimate of $2.63 by $0.39. The firm had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.18 billion. Marriott Vacations Worldwide had a net margin of 7.97% and a return on equity of 15.95%. The company’s revenue for the quarter was up 19.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.60 EPS. On average, equities analysts forecast that Marriott Vacations Worldwide Co. will post 10.46 EPS for the current fiscal year.

Marriott Vacations Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 6th. Stockholders of record on Thursday, September 22nd were issued a $0.62 dividend. The ex-dividend date of this dividend was Wednesday, September 21st. This represents a $2.48 dividend on an annualized basis and a dividend yield of 1.71%. Marriott Vacations Worldwide’s payout ratio is 30.54%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Truist Financial boosted their price objective on shares of Marriott Vacations Worldwide from $202.00 to $205.00 and gave the company a “buy” rating in a research report on Tuesday, November 15th. StockNews.com assumed coverage on shares of Marriott Vacations Worldwide in a research report on Wednesday, October 12th. They issued a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Marriott Vacations Worldwide from $188.00 to $192.00 in a research report on Wednesday, August 10th. Barclays boosted their price objective on shares of Marriott Vacations Worldwide from $136.00 to $165.00 and gave the company an “overweight” rating in a research report on Wednesday, August 10th. Finally, TheStreet raised shares of Marriott Vacations Worldwide from a “c” rating to a “b-” rating in a research report on Tuesday, August 9th. Four research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $195.25.

Marriott Vacations Worldwide Company Profile

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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.

See Also

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

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