Raymond James & Associates Has $277,000 Stake in Marriott Vacations Worldwide Co. (NYSE:VAC)

Raymond James & Associates lowered its stake in Marriott Vacations Worldwide Co. (NYSE:VAC) by 3.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 3,268 shares of the company’s stock after selling 123 shares during the quarter. Raymond James & Associates’ holdings in Marriott Vacations Worldwide were worth $277,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of VAC. EverSource Wealth Advisors LLC grew its position in shares of Marriott Vacations Worldwide by 194.1% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 250 shares of the company’s stock worth $25,000 after buying an additional 165 shares during the period. Swiss National Bank grew its holdings in Marriott Vacations Worldwide by 0.3% during the 3rd quarter. Swiss National Bank now owns 76,936 shares of the company’s stock worth $7,742,000 after acquiring an additional 200 shares during the period. Coldstream Capital Management Inc. raised its position in shares of Marriott Vacations Worldwide by 12.0% during the 3rd quarter. Coldstream Capital Management Inc. now owns 2,563 shares of the company’s stock valued at $258,000 after acquiring an additional 274 shares during the last quarter. Covestor Ltd lifted its stake in shares of Marriott Vacations Worldwide by 62.0% in the 3rd quarter. Covestor Ltd now owns 1,184 shares of the company’s stock valued at $119,000 after purchasing an additional 453 shares during the period. Finally, Inspire Investing LLC boosted its position in shares of Marriott Vacations Worldwide by 19.1% in the 3rd quarter. Inspire Investing LLC now owns 3,053 shares of the company’s stock worth $307,000 after purchasing an additional 490 shares during the last quarter. Institutional investors and hedge funds own 89.52% of the company’s stock.

Marriott Vacations Worldwide Trading Down 2.3 %

VAC opened at $98.58 on Tuesday. The stock has a market capitalization of $3.47 billion, a P/E ratio of 15.77 and a beta of 1.85. The company has a current ratio of 3.15, a quick ratio of 2.64 and a debt-to-equity ratio of 2.16. Marriott Vacations Worldwide Co. has a 12 month low of $72.78 and a 12 month high of $138.21. The firm’s fifty day simple moving average is $98.39 and its 200 day simple moving average is $89.19.

Marriott Vacations Worldwide (NYSE:VAC) last posted its quarterly earnings data on Wednesday, February 21st. The company reported $1.88 earnings per share for the quarter, topping the consensus estimate of $1.80 by $0.08. Marriott Vacations Worldwide had a return on equity of 13.21% and a net margin of 5.37%. The company had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same period in the prior year, the firm earned $2.74 earnings per share. Marriott Vacations Worldwide’s revenue for the quarter was up .5% compared to the same quarter last year. As a group, research analysts anticipate that Marriott Vacations Worldwide Co. will post 7.8 EPS for the current fiscal year.

Marriott Vacations Worldwide Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 14th. Stockholders of record on Thursday, February 29th were given a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a dividend yield of 3.08%. The ex-dividend date of this dividend was Wednesday, February 28th. Marriott Vacations Worldwide’s dividend payout ratio is presently 48.64%.

Wall Street Analyst Weigh In

VAC has been the subject of a number of recent analyst reports. Mizuho started coverage on Marriott Vacations Worldwide in a report on Tuesday, March 26th. They issued a “buy” rating and a $128.00 price objective for the company. JMP Securities lifted their price objective on shares of Marriott Vacations Worldwide from $105.00 to $115.00 and gave the stock a “market outperform” rating in a research note on Monday, February 26th. Truist Financial upped their target price on shares of Marriott Vacations Worldwide from $149.00 to $159.00 and gave the company a “buy” rating in a research note on Tuesday, March 5th. Jefferies Financial Group lifted their price target on shares of Marriott Vacations Worldwide from $90.00 to $92.00 and gave the stock a “hold” rating in a research report on Tuesday, January 2nd. Finally, Barclays upped their price objective on shares of Marriott Vacations Worldwide from $90.00 to $102.00 and gave the company an “equal weight” rating in a research report on Friday, February 23rd. Two analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Marriott Vacations Worldwide presently has an average rating of “Hold” and a consensus target price of $109.71.

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.