Hsbc Holdings PLC Cuts Stake in Marriott Vacations Worldwide Co. (NYSE:VAC)

Hsbc Holdings PLC lowered its position in shares of Marriott Vacations Worldwide Co. (NYSE:VACFree Report) by 18.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 64,302 shares of the company’s stock after selling 14,402 shares during the period. Hsbc Holdings PLC owned about 0.18% of Marriott Vacations Worldwide worth $5,462,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its stake in Marriott Vacations Worldwide by 7.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 453,849 shares of the company’s stock valued at $38,527,000 after purchasing an additional 33,373 shares during the last quarter. Pallas Capital Advisors LLC purchased a new position in Marriott Vacations Worldwide in the fourth quarter valued at about $3,920,000. Nordea Investment Management AB grew its stake in Marriott Vacations Worldwide by 81.6% in the fourth quarter. Nordea Investment Management AB now owns 32,586 shares of the company’s stock valued at $2,775,000 after purchasing an additional 14,646 shares during the last quarter. Aigen Investment Management LP grew its stake in Marriott Vacations Worldwide by 53.7% in the fourth quarter. Aigen Investment Management LP now owns 28,672 shares of the company’s stock valued at $2,434,000 after purchasing an additional 10,016 shares during the last quarter. Finally, International Assets Investment Management LLC grew its stake in Marriott Vacations Worldwide by 234,864.3% in the fourth quarter. International Assets Investment Management LLC now owns 65,790 shares of the company’s stock valued at $5,585,000 after purchasing an additional 65,762 shares during the last quarter. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Analyst Ratings Changes

VAC has been the topic of several analyst reports. Barclays lifted their target price on Marriott Vacations Worldwide from $102.00 to $106.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 8th. Stifel Nicolaus boosted their price target on Marriott Vacations Worldwide from $115.00 to $117.00 and gave the stock a “buy” rating in a research note on Tuesday, May 7th. JMP Securities boosted their price target on 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. JPMorgan Chase & Co. boosted their price target on Marriott Vacations Worldwide from $93.00 to $107.00 and gave the stock a “neutral” rating in a research note on Friday, February 23rd. Finally, Truist Financial boosted their price target on Marriott Vacations Worldwide from $159.00 to $161.00 and gave the stock a “buy” rating in a research note on Tuesday, May 28th. Two analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $112.44.

View Our Latest Report on VAC

Marriott Vacations Worldwide Trading Up 1.9 %

Marriott Vacations Worldwide stock opened at $89.35 on Wednesday. The company has a quick ratio of 2.62, a current ratio of 3.12 and a debt-to-equity ratio of 2.22. Marriott Vacations Worldwide Co. has a 52 week low of $72.78 and a 52 week high of $134.09. The company has a market capitalization of $3.14 billion, a price-to-earnings ratio of 16.52, a price-to-earnings-growth ratio of 0.65 and a beta of 1.81. The stock has a 50-day moving average price of $98.37 and a 200 day moving average price of $90.92.

Marriott Vacations Worldwide (NYSE:VACGet Free Report) last released its earnings results on Monday, May 6th. The company reported $1.80 EPS for the quarter, topping analysts’ consensus estimates of $1.66 by $0.14. Marriott Vacations Worldwide had a return on equity of 11.77% and a net margin of 4.50%. The firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the previous year, the company posted $2.54 earnings per share. The company’s revenue was up 2.2% compared to the same quarter last year. Sell-side analysts anticipate that Marriott Vacations Worldwide Co. will post 7.65 EPS for the current year.

Marriott Vacations Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 6th. Shareholders of record on Thursday, May 23rd will be issued a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a yield of 3.40%. The ex-dividend date is Wednesday, May 22nd. Marriott Vacations Worldwide’s payout ratio is presently 56.19%.

About Marriott Vacations Worldwide

(Free Report)

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.

See Also

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

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