OppenheimerFunds Inc. lessened its position in Marriott Vacations Worldwide Corp (NYSE:VAC) by 11.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 10,600 shares of the company’s stock after selling 1,307 shares during the period. OppenheimerFunds Inc.’s holdings in Marriott Vacations Worldwide were worth $1,433,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. lifted its position in Marriott Vacations Worldwide by 0.5% during the fourth quarter. BlackRock Inc. now owns 2,879,448 shares of the company’s stock valued at $389,331,000 after purchasing an additional 14,786 shares during the period. Bamco Inc. NY lifted its position in Marriott Vacations Worldwide by 0.6% during the third quarter. Bamco Inc. NY now owns 2,162,214 shares of the company’s stock valued at $269,261,000 after purchasing an additional 13,800 shares during the period. Rothschild Asset Management Inc. lifted its position in Marriott Vacations Worldwide by 5.7% during the third quarter. Rothschild Asset Management Inc. now owns 343,916 shares of the company’s stock valued at $42,828,000 after purchasing an additional 18,396 shares during the period. Arrowstreet Capital Limited Partnership bought a new position in Marriott Vacations Worldwide during the fourth quarter valued at approximately $22,781,000. Finally, Schwab Charles Investment Management Inc. lifted its position in Marriott Vacations Worldwide by 7.6% during the third quarter. Schwab Charles Investment Management Inc. now owns 149,988 shares of the company’s stock valued at $18,679,000 after purchasing an additional 10,555 shares during the period. Hedge funds and other institutional investors own 73.96% of the company’s stock.
In other Marriott Vacations Worldwide news, VP Dwight D. Smith sold 1,250 shares of the company’s stock in a transaction that occurred on Wednesday, March 7th. The shares were sold at an average price of $146.60, for a total transaction of $183,250.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Michael E. Yonker sold 1,242 shares of the company’s stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $151.06, for a total transaction of $187,616.52. Following the sale, the vice president now directly owns 4,894 shares of the company’s stock, valued at $739,287.64. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 5,128 shares of company stock valued at $748,368. 3.30% of the stock is owned by corporate insiders.
Shares of Marriott Vacations Worldwide Corp (NYSE VAC) opened at $146.26 on Wednesday. Marriott Vacations Worldwide Corp has a twelve month low of $91.37 and a twelve month high of $154.14. The company has a market cap of $3,932.99, a P/E ratio of 17.81 and a beta of 1.29. The company has a current ratio of 5.22, a quick ratio of 3.71 and a debt-to-equity ratio of 1.05.
Marriott Vacations Worldwide (NYSE:VAC) last announced its earnings results on Tuesday, February 27th. The company reported $1.56 EPS for the quarter, beating the Zacks’ consensus estimate of $1.16 by $0.40. Marriott Vacations Worldwide had a net margin of 11.61% and a return on equity of 16.46%. The business had revenue of $481.22 million during the quarter, compared to analysts’ expectations of $491.36 million. During the same period in the prior year, the company earned $1.83 earnings per share. The firm’s revenue was down 14.8% on a year-over-year basis. equities research analysts predict that Marriott Vacations Worldwide Corp will post 6.94 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $1.60 dividend on an annualized basis and a yield of 1.09%. Marriott Vacations Worldwide’s dividend payout ratio is currently 19.49%.
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Marriott Vacations Worldwide 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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