Bamco Inc. NY Sells 1,305,679 Shares of Marriott Vacations Worldwide Co. (NYSE:VAC)

Bamco Inc. NY lessened its stake in Marriott Vacations Worldwide Co. (NYSE:VAC) by 90.2% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 141,526 shares of the company’s stock after selling 1,305,679 shares during the quarter. Bamco Inc. NY owned approximately 0.40% of Marriott Vacations Worldwide worth $15,247,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Tremblant Capital Group purchased a new stake in shares of Marriott Vacations Worldwide in the first quarter worth about $5,628,000. Long Pond Capital LP bought a new position in shares of Marriott Vacations Worldwide during the 1st quarter valued at approximately $15,292,000. EntryPoint Capital LLC grew its holdings in shares of Marriott Vacations Worldwide by 244.1% in the first quarter. EntryPoint Capital LLC now owns 1,624 shares of the company’s stock valued at $175,000 after purchasing an additional 1,152 shares in the last quarter. Natixis bought a new stake in Marriott Vacations Worldwide in the first quarter worth $560,000. Finally, CANADA LIFE ASSURANCE Co raised its stake in Marriott Vacations Worldwide by 20.7% during the first quarter. CANADA LIFE ASSURANCE Co now owns 24,501 shares of the company’s stock valued at $2,645,000 after purchasing an additional 4,198 shares in the last quarter. Institutional investors own 89.52% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on VAC. StockNews.com downgraded shares of Marriott Vacations Worldwide from a “hold” rating to a “sell” rating in a report on Friday, July 19th. Deutsche Bank Aktiengesellschaft upped their price objective on Marriott Vacations Worldwide from $116.00 to $121.00 and gave the company a “buy” rating in a research report on Thursday, May 9th. Truist Financial dropped their target price on Marriott Vacations Worldwide from $161.00 to $159.00 and set a “buy” rating for the company in a report on Friday, July 19th. JMP Securities reissued a “market outperform” rating and set a $115.00 target price on shares of Marriott Vacations Worldwide in a research report on Thursday, July 18th. Finally, Barclays raised their price target on Marriott Vacations Worldwide from $102.00 to $106.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 8th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $112.00.

Marriott Vacations Worldwide Trading Up 0.1 %

Shares of VAC traded up $0.09 during trading hours on Friday, reaching $85.46. 413,029 shares of the company traded hands, compared to its average volume of 430,622. The stock’s fifty day moving average price is $87.50 and its 200 day moving average price is $91.87. The company has a current ratio of 3.12, a quick ratio of 2.62 and a debt-to-equity ratio of 2.22. The firm has a market cap of $3.00 billion, a price-to-earnings ratio of 15.80, a PEG ratio of 0.64 and a beta of 1.81. Marriott Vacations Worldwide Co. has a 12-month low of $72.78 and a 12-month high of $129.74.

Marriott Vacations Worldwide (NYSE:VAC) last released its quarterly earnings data on Monday, May 6th. The company reported $1.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.66 by $0.14. The company had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Marriott Vacations Worldwide had a net margin of 4.50% and a return on equity of 11.77%. The firm’s quarterly revenue was up 2.2% on a year-over-year basis. During the same period in the previous year, the company earned $2.54 EPS. Sell-side analysts forecast that Marriott Vacations Worldwide Co. will post 7.6 earnings per share for the current year.

Marriott Vacations Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 6th. Shareholders of record on Thursday, May 23rd were issued a $0.76 dividend. This represents a $3.04 annualized dividend and a dividend yield of 3.56%. The ex-dividend date of this dividend was Wednesday, May 22nd. Marriott Vacations Worldwide’s dividend payout ratio is 56.19%.

About Marriott Vacations Worldwide

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.