LPL Financial LLC Purchases 248 Shares of Marriott Vacations Worldwide Co. (NYSE:VAC)

LPL Financial LLC increased its position in shares of Marriott Vacations Worldwide Co. (NYSE:VAC) by 2.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,762 shares of the company’s stock after acquiring an additional 248 shares during the quarter. LPL Financial LLC’s holdings in Marriott Vacations Worldwide were worth $1,198,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Louisiana State Employees Retirement System raised its stake in shares of Marriott Vacations Worldwide by 5.9% during the 2nd quarter. Louisiana State Employees Retirement System now owns 10,800 shares of the company’s stock worth $1,325,000 after acquiring an additional 600 shares in the last quarter. Westpac Banking Corp raised its stake in shares of Marriott Vacations Worldwide by 61.2% during the 1st quarter. Westpac Banking Corp now owns 31,392 shares of the company’s stock worth $4,234,000 after acquiring an additional 11,921 shares in the last quarter. MQS Management LLC bought a new position in shares of Marriott Vacations Worldwide during the 1st quarter worth approximately $981,000. Bessemer Group Inc. raised its stake in shares of Marriott Vacations Worldwide by 59.9% during the 1st quarter. Bessemer Group Inc. now owns 51,549 shares of the company’s stock worth $6,952,000 after acquiring an additional 19,302 shares in the last quarter. Finally, Grandview Asset Management LLC raised its stake in shares of Marriott Vacations Worldwide by 100.0% during the 2nd quarter. Grandview Asset Management LLC now owns 25,200 shares of the company’s stock worth $3,093,000 after acquiring an additional 12,600 shares in the last quarter. Institutional investors own 83.27% of the company’s stock.

Marriott Vacations Worldwide Stock Down 3.8 %

VAC stock opened at $81.48 on Friday. The firm’s fifty day simple moving average is $92.60 and its 200-day simple moving average is $112.16. Marriott Vacations Worldwide Co. has a 12 month low of $75.19 and a 12 month high of $165.85. The company has a market capitalization of $2.89 billion, a P/E ratio of 11.01 and a beta of 1.99. The company has a debt-to-equity ratio of 2.10, a current ratio of 3.28 and a quick ratio of 2.72.

Marriott Vacations Worldwide (NYSE:VAC) last announced its quarterly earnings results on Wednesday, November 1st. The company reported $1.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.99). Marriott Vacations Worldwide had a return on equity of 14.68% and a net margin of 6.50%. The firm had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.19 billion. During the same period last year, the company posted $3.02 earnings per share. The business’s quarterly revenue was down 5.3% on a year-over-year basis. As a group, equities research analysts forecast that Marriott Vacations Worldwide Co. will post 7.64 earnings per share for the current year.

Marriott Vacations Worldwide Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 5th. Investors of record on Thursday, September 21st were issued a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a yield of 3.53%. The ex-dividend date of this dividend was Wednesday, September 20th. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is presently 38.92%.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Jefferies Financial Group downgraded shares of Marriott Vacations Worldwide from a “buy” rating to a “hold” rating and dropped their target price for the stock from $150.00 to $112.00 in a research report on Thursday, October 5th. StockNews.com downgraded shares of Marriott Vacations Worldwide from a “hold” rating to a “sell” rating in a research report on Friday, November 3rd. Barclays dropped their target price on shares of Marriott Vacations Worldwide from $131.00 to $118.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 27th. JPMorgan Chase & Co. assumed coverage on shares of Marriott Vacations Worldwide in a research report on Thursday, October 12th. They set a “neutral” rating and a $105.00 target price on the stock. Finally, Truist Financial dropped their target price on shares of Marriott Vacations Worldwide from $187.00 to $149.00 and set a “buy” rating on the stock in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $152.29.

Marriott Vacations Worldwide Company Profile

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.