Scotia Capital Inc. Reduces Stake in Marriott Vacations Worldwide Co. (NYSE:VAC)

Scotia Capital Inc. decreased its position in Marriott Vacations Worldwide Co. (NYSE:VAC – Get Rating) by 12.9% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,937 shares of the company’s stock after selling 286 shares during the period. Scotia Capital Inc.’s holdings in Marriott Vacations Worldwide were worth $261,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Belpointe Asset Management LLC acquired a new stake in Marriott Vacations Worldwide during the 4th quarter valued at $36,000. Penserra Capital Management LLC acquired a new position in Marriott Vacations Worldwide in the first quarter valued at $40,000. Quadrant Capital Group LLC lifted its position in Marriott Vacations Worldwide by 235.8% during the third quarter. Quadrant Capital Group LLC now owns 413 shares of the company’s stock worth $50,000 after buying an additional 290 shares during the period. Acadian Asset Management LLC purchased a new position in Marriott Vacations Worldwide during the first quarter worth about $55,000. Finally, Benjamin Edwards Inc. boosted its stake in Marriott Vacations Worldwide by 113.8% in the 4th quarter. Benjamin Edwards Inc. now owns 417 shares of the company’s stock worth $56,000 after buying an additional 222 shares during the last quarter. Hedge funds and other institutional investors own 82.81% of the company’s stock.

Wall Street Analyst Weigh In

VAC has been the topic of several research analyst reports. Truist Financial decreased their target price on shares of Marriott Vacations Worldwide from $223.00 to $219.00 in a research report on Tuesday, May 16th. Deutsche Bank Aktiengesellschaft cut their target price on Marriott Vacations Worldwide from $191.00 to $188.00 and set a “buy” rating on the stock in a research report on Friday, February 24th. Jefferies Financial Group lowered their price target on Marriott Vacations Worldwide from $195.00 to $184.00 and set a “buy” rating for the company in a research report on Friday, February 3rd. StockNews.com started coverage on Marriott Vacations Worldwide in a research note on Thursday. They issued a “hold” rating on the stock. Finally, Bank of America assumed coverage on shares of Marriott Vacations Worldwide in a report on Monday, February 6th. They issued a “neutral” rating and a $180.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Marriott Vacations Worldwide has an average rating of “Moderate Buy” and an average target price of $191.67.

Marriott Vacations Worldwide Stock Down 2.2 %

Shares of NYSE:VAC opened at $125.81 on Monday. The company has a market capitalization of $4.63 billion, a price-to-earnings ratio of 13.05, a price-to-earnings-growth ratio of 1.93 and a beta of 2.03. The company has a 50 day moving average of $132.20 and a two-hundred day moving average of $142.13. Marriott Vacations Worldwide Co. has a 52-week low of $110.08 and a 52-week high of $165.85. The company has a quick ratio of 2.61, a current ratio of 3.18 and a debt-to-equity ratio of 2.04.

Marriott Vacations Worldwide (NYSE:VAC – Get Rating) last issued its quarterly earnings data on Wednesday, May 3rd. The company reported $2.54 EPS for the quarter, topping analysts’ consensus estimates of $1.84 by $0.70. The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.15 billion. Marriott Vacations Worldwide had a net margin of 8.80% and a return on equity of 18.78%. The firm’s revenue was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.70 EPS. As a group, analysts forecast that Marriott Vacations Worldwide Co. will post 11.19 earnings per share for the current fiscal year.

Marriott Vacations Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 8th. Investors of record on Thursday, May 25th will be issued a $0.72 dividend. The ex-dividend date of this dividend is Wednesday, May 24th. This represents a $2.88 annualized dividend and a yield of 2.29%. Marriott Vacations Worldwide’s dividend payout ratio is presently 29.88%.

About Marriott Vacations Worldwide

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Marriott Vacations Worldwide Corp. is a global vacation company engaged in vacation ownership, exchange, rental and resort and property management, along with related businesses, products and services. It operates through Vacation Ownership and Exchange & Third-Party Management. The Vacation Ownership segment develops, markets, sells, and manages vacation ownership and related products under the Marriott Vacation Club, Grand Residences by Marriott, Sheraton Vacation Club, Westin Vacation Club, and Hyatt Residence Club brands.