Marriott Vacations Worldwide Corporation (NYSE:VAC) Shares Sold by US Bancorp DE

US Bancorp DE cut its stake in Marriott Vacations Worldwide Corporation (NYSE:VAC) by 11.3% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,243 shares of the company’s stock after selling 287 shares during the quarter. US Bancorp DE’s holdings in Marriott Vacations Worldwide were worth $144,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of VAC. Sterling Capital Management LLC increased its position in shares of Marriott Vacations Worldwide by 57.6% during the 4th quarter. Sterling Capital Management LLC now owns 2,092 shares of the company’s stock worth $188,000 after purchasing an additional 765 shares during the last quarter. Mariner LLC purchased a new position in Marriott Vacations Worldwide during the 4th quarter valued at about $231,000. XTX Topco Ltd purchased a new position in Marriott Vacations Worldwide during the 4th quarter valued at about $266,000. Marshall Wace LLP purchased a new position in Marriott Vacations Worldwide during the 4th quarter valued at about $2,061,000. Finally, Forum Financial Management LP purchased a new position in Marriott Vacations Worldwide during the 4th quarter valued at about $203,000. 89.52% of the stock is owned by institutional investors and hedge funds.

Marriott Vacations Worldwide Trading Down 0.5%

VAC opened at $75.03 on Friday. The firm has a market cap of $2.60 billion, a price-to-earnings ratio of 11.28, a price-to-earnings-growth ratio of 1.10 and a beta of 1.49. The company has a quick ratio of 2.90, a current ratio of 3.55 and a debt-to-equity ratio of 2.17. The business’s 50 day moving average is $75.45 and its two-hundred day moving average is $70.69. Marriott Vacations Worldwide Corporation has a 52 week low of $49.22 and a 52 week high of $100.32.

Marriott Vacations Worldwide (NYSE:VAC) last released its earnings results on Monday, August 4th. The company reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.72 by $0.24. The business had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.22 billion. Marriott Vacations Worldwide had a return on equity of 11.74% and a net margin of 5.10%. The company’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.10 earnings per share. On average, research analysts predict that Marriott Vacations Worldwide Corporation will post 6.23 EPS for the current year.

Insider Activity

In other Marriott Vacations Worldwide news, Director Christian Asmar purchased 412,449 shares of the firm’s stock in a transaction that occurred on Tuesday, June 17th. The shares were purchased at an average cost of $67.61 per share, for a total transaction of $27,885,676.89. Following the completion of the purchase, the director directly owned 3,708,433 shares in the company, valued at $250,727,155.13. This represents a 12.51% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.60% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on VAC shares. Morgan Stanley reiterated an “underweight” rating on shares of Marriott Vacations Worldwide in a research note on Tuesday, July 15th. The Goldman Sachs Group lifted their price objective on Marriott Vacations Worldwide from $55.00 to $65.00 and gave the company a “sell” rating in a research note on Wednesday, August 6th. Mizuho cut their target price on Marriott Vacations Worldwide from $112.00 to $105.00 and set an “outperform” rating on the stock in a research report on Friday, May 9th. Stifel Nicolaus set a $101.00 target price on Marriott Vacations Worldwide and gave the stock a “buy” rating in a research report on Tuesday, August 5th. Finally, Barclays cut their price target on Marriott Vacations Worldwide from $97.00 to $88.00 and set an “overweight” rating on the stock in a research report on Monday, May 12th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $92.67.

Marriott Vacations Worldwide 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.