Marriott Vacations Worldwide Corp (VAC) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of Marriott Vacations Worldwide Corp (NYSE:VAC) from a hold rating to a buy rating in a research note released on Wednesday, May 10th. The firm currently has $129.00 target price on the stock.

According to Zacks, “Marriott Vacations Worldwide Corporation is a developer, marketer, seller and manager of vacation ownership resorts and vacation club, destination club and exchange programs, principally under the Marriott and Ritz-Carlton brands and trademarks. The Company generates most of its revenues from four primary sources: selling vacation ownership products, managing our resorts, financing consumer purchases of vacation ownership products and renting vacation ownership inventory. “

Several other analysts have also recently issued reports on VAC. Stifel Nicolaus raised their price objective on Marriott Vacations Worldwide Corp to $102.00 in a research report on Friday, February 24th. Janney Montgomery Scott began coverage on Marriott Vacations Worldwide Corp in a research note on Thursday, April 20th. They issued a buy rating and a $119.00 price target for the company. MKM Partners restated a buy rating and issued a $115.00 price target (up previously from $104.00) on shares of Marriott Vacations Worldwide Corp in a research note on Tuesday, February 28th. Deutsche Bank AG lifted their price objective on Marriott Vacations Worldwide Corp from $80.00 to $92.00 and gave the stock a hold rating in a report on Monday, May 8th. Finally, Telsey Advisory Group lowered their price objective on Marriott Vacations Worldwide Corp from $113.00 to $96.00 and set a market perform rating on the stock in a report on Friday, May 5th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of Buy and a consensus price target of $106.43.

Marriott Vacations Worldwide Corp (NYSE:VAC) traded up 0.35% during trading on Wednesday, hitting $110.93. The company’s stock had a trading volume of 336,146 shares. The firm has a 50 day moving average of $107.07 and a 200 day moving average of $90.93. Marriott Vacations Worldwide Corp has a 12 month low of $57.46 and a 12 month high of $124.94. The firm has a market cap of $3.01 billion, a P/E ratio of 21.16 and a beta of 1.25.

Marriott Vacations Worldwide Corp (NYSE:VAC) last released its quarterly earnings data on Thursday, May 4th. The company reported $1.22 EPS for the quarter, topping the consensus estimate of $1.18 by $0.04. The company had revenue of $487.50 million for the quarter, compared to the consensus estimate of $475.07 million. Marriott Vacations Worldwide Corp had a return on equity of 13.10% and a net margin of 6.68%. Marriott Vacations Worldwide Corp’s quarterly revenue was up 16.3% on a year-over-year basis. During the same period last year, the business posted $0.87 EPS. Equities research analysts predict that Marriott Vacations Worldwide Corp will post $5.29 earnings per share for the current year.

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The company also recently announced a quarterly dividend, which will be paid on Thursday, June 8th. Investors of record on Thursday, May 25th will be given a dividend of $0.35 per share. The ex-dividend date is Tuesday, May 23rd. This represents a $1.40 dividend on an annualized basis and a yield of 1.26%. Marriott Vacations Worldwide Corp’s dividend payout ratio (DPR) is currently 34.06%.

In other news, VP Michael E. Yonker sold 6,000 shares of the business’s stock in a transaction dated Monday, February 27th. The shares were sold at an average price of $97.43, for a total value of $584,580.00. Following the completion of the sale, the vice president now owns 5,628 shares of the company’s stock, valued at approximately $548,336.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder J W. Marriott, Jr. sold 7,320 shares of Marriott Vacations Worldwide Corp stock in a transaction dated Monday, February 27th. The shares were sold at an average price of $97.09, for a total transaction of $710,698.80. Following the completion of the transaction, the insider now directly owns 11,887 shares of the company’s stock, valued at $1,154,108.83. The disclosure for this sale can be found here. In the last quarter, insiders sold 20,608 shares of company stock worth $1,991,844. 2.70% of the stock is owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. increased its stake in Marriott Vacations Worldwide Corp by 42,912.0% in the first quarter. BlackRock Inc. now owns 2,875,350 shares of the company’s stock worth $287,334,000 after buying an additional 2,868,665 shares during the last quarter. Vanguard Group Inc. raised its stake in Marriott Vacations Worldwide Corp by 10.2% in the first quarter. Vanguard Group Inc. now owns 1,934,276 shares of the company’s stock worth $193,293,000 after buying an additional 179,768 shares in the last quarter. Investec Asset Management LTD raised its stake in Marriott Vacations Worldwide Corp by 1.6% in the fourth quarter. Investec Asset Management LTD now owns 1,071,528 shares of the company’s stock worth $90,919,000 after buying an additional 16,949 shares in the last quarter. FMR LLC raised its stake in Marriott Vacations Worldwide Corp by 73.1% in the first quarter. FMR LLC now owns 1,011,226 shares of the company’s stock worth $101,052,000 after buying an additional 427,126 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. raised its stake in Marriott Vacations Worldwide Corp by 1.6% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 603,366 shares of the company’s stock worth $44,239,000 after buying an additional 9,251 shares in the last quarter. Institutional investors and hedge funds own 75.49% of the company’s stock.

Marriott Vacations Worldwide Corp Company Profile

Marriott Vacations Worldwide Corporation focuses on vacation ownership, based on number of owners, number of resorts and revenues. The Company is an exclusive worldwide developer, marketer, seller and manager of vacation ownership and related products under the Marriott Vacation Club and Grand Residences by Marriott brands.

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