Crossmark Global Holdings Inc. decreased its holdings in shares of Marriott Vacations Worldwide Co. (NYSE:VAC – Get Rating) by 2.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,618 shares of the company’s stock after selling 103 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Marriott Vacations Worldwide were worth $441,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of Marriott Vacations Worldwide by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 3,711,264 shares of the company’s stock worth $585,266,000 after acquiring an additional 18,944 shares during the period. Principal Financial Group Inc. lifted its position in shares of Marriott Vacations Worldwide by 1.8% in the 2nd quarter. Principal Financial Group Inc. now owns 1,889,955 shares of the company’s stock worth $219,615,000 after acquiring an additional 33,489 shares during the period. Burgundy Asset Management Ltd. lifted its position in shares of Marriott Vacations Worldwide by 31.7% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 534,931 shares of the company’s stock worth $62,159,000 after acquiring an additional 128,725 shares during the period. Macquarie Group Ltd. lifted its position in shares of Marriott Vacations Worldwide by 2.0% in the 2nd quarter. Macquarie Group Ltd. now owns 469,020 shares of the company’s stock worth $54,500,000 after acquiring an additional 9,263 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Marriott Vacations Worldwide by 27.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 444,878 shares of the company’s stock worth $70,158,000 after acquiring an additional 96,027 shares during the period. Institutional investors own 82.81% of the company’s stock.
Analyst Upgrades and Downgrades
VAC has been the subject of a number of research reports. Truist Financial raised their price objective on Marriott Vacations Worldwide from $202.00 to $205.00 and gave the stock a “buy” rating in a research report on Tuesday, November 15th. StockNews.com initiated coverage on Marriott Vacations Worldwide in a report on Wednesday, October 12th. They issued a “buy” rating for the company. Finally, Credit Suisse Group dropped their target price on Marriott Vacations Worldwide from $227.00 to $219.00 and set an “outperform” rating for the company in a report on Wednesday, November 2nd. Four analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $195.25.
Marriott Vacations Worldwide Trading Up 2.2 %
Marriott Vacations Worldwide (NYSE:VAC – Get Rating) last released its quarterly earnings results on Monday, October 31st. The company reported $3.02 earnings per share for the quarter, beating analysts’ consensus estimates of $2.63 by $0.39. The firm had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.18 billion. Marriott Vacations Worldwide had a return on equity of 15.95% and a net margin of 7.97%. The business’s revenue was up 19.0% on a year-over-year basis. During the same period last year, the firm posted $1.60 EPS. Analysts expect that Marriott Vacations Worldwide Co. will post 10.45 EPS for the current fiscal year.
Marriott Vacations Worldwide Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, January 5th. Stockholders of record on Thursday, December 22nd were paid a $0.72 dividend. This is a boost from Marriott Vacations Worldwide’s previous quarterly dividend of $0.62. This represents a $2.88 annualized dividend and a dividend yield of 1.85%. The ex-dividend date was Wednesday, December 21st. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is 35.47%.
Marriott Vacations Worldwide Company Profile
Marriott Vacations Worldwide Corp. is a global vacation company engaged in vacation ownership, exchange, rental and resort and property management, along with related businesses, products and services. It operates through Vacation Ownership and Exchange & Third-Party Management. The Vacation Ownership segment develops, markets, sells, and manages vacation ownership and related products under the Marriott Vacation Club, Grand Residences by Marriott, Sheraton Vacation Club, Westin Vacation Club, and Hyatt Residence Club brands.
- Get a free copy of the StockNews.com research report on Marriott Vacations Worldwide (VAC)
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