Westpac Banking Corp Has $630,000 Stock Position in Marriott Vacations Worldwide Co. (NYSE:VAC)

Westpac Banking Corp cut its stake in Marriott Vacations Worldwide Co. (NYSE:VAC) by 14.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,020 shares of the company’s stock after selling 1,225 shares during the period. Westpac Banking Corp’s holdings in Marriott Vacations Worldwide were worth $630,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of VAC. Pacer Advisors Inc. raised its stake in Marriott Vacations Worldwide by 2.7% during the fourth quarter. Pacer Advisors Inc. now owns 6,404 shares of the company’s stock worth $575,000 after acquiring an additional 166 shares in the last quarter. Stifel Financial Corp lifted its holdings in Marriott Vacations Worldwide by 3.4% during the 3rd quarter. Stifel Financial Corp now owns 5,596 shares of the company’s stock valued at $411,000 after purchasing an additional 184 shares during the last quarter. Xponance Inc. boosted its position in Marriott Vacations Worldwide by 6.2% in the fourth quarter. Xponance Inc. now owns 3,809 shares of the company’s stock valued at $342,000 after buying an additional 221 shares in the last quarter. Blue Trust Inc. grew its stake in Marriott Vacations Worldwide by 130.7% during the fourth quarter. Blue Trust Inc. now owns 533 shares of the company’s stock worth $48,000 after buying an additional 302 shares during the last quarter. Finally, Quarry LP increased its holdings in shares of Marriott Vacations Worldwide by 81.6% during the third quarter. Quarry LP now owns 808 shares of the company’s stock worth $59,000 after buying an additional 363 shares in the last quarter. Institutional investors own 89.52% of the company’s stock.

Marriott Vacations Worldwide Trading Down 3.5 %

Shares of NYSE VAC opened at $54.64 on Friday. Marriott Vacations Worldwide Co. has a fifty-two week low of $50.97 and a fifty-two week high of $104.49. The firm has a market capitalization of $1.91 billion, a P/E ratio of 10.41, a P/E/G ratio of 0.67 and a beta of 1.83. The company has a debt-to-equity ratio of 2.19, a current ratio of 3.53 and a quick ratio of 2.86. The company’s 50 day simple moving average is $76.19 and its 200 day simple moving average is $82.17.

Marriott Vacations Worldwide (NYSE:VAC) last posted its quarterly earnings results on Wednesday, February 26th. The company reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.51 by $0.35. The business had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.24 billion. Marriott Vacations Worldwide had a return on equity of 10.89% and a net margin of 4.20%. On average, analysts predict that Marriott Vacations Worldwide Co. will post 6.23 EPS for the current year.

Marriott Vacations Worldwide Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th were given a dividend of $0.79 per share. The ex-dividend date was Wednesday, March 5th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 5.78%. Marriott Vacations Worldwide’s dividend payout ratio is 56.23%.

Insiders Place Their Bets

In related news, insider Stephanie Sobeck Butera bought 650 shares of the company’s stock in a transaction on Thursday, March 6th. The shares were purchased at an average cost of $71.66 per share, for a total transaction of $46,579.00. Following the acquisition, the insider now owns 8,770 shares of the company’s stock, valued at approximately $628,458.20. This represents a 8.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 1.70% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on VAC shares. The Goldman Sachs Group increased their price target on Marriott Vacations Worldwide from $70.00 to $85.00 and gave the stock a “sell” rating in a research report on Tuesday, December 10th. Stifel Nicolaus lowered their target price on Marriott Vacations Worldwide from $112.00 to $108.00 and set a “buy” rating for the company in a research note on Thursday, February 27th. Mizuho lifted their price target on Marriott Vacations Worldwide from $117.00 to $120.00 and gave the company an “outperform” rating in a report on Tuesday, February 25th. Morgan Stanley assumed coverage on shares of Marriott Vacations Worldwide in a report on Monday, January 6th. They set an “underweight” rating and a $87.00 price objective on the stock. Finally, Truist Financial dropped their target price on shares of Marriott Vacations Worldwide from $142.00 to $140.00 and set a “buy” rating for the company in a research note on Friday, March 7th. Two analysts have rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Marriott Vacations Worldwide has an average rating of “Hold” and a consensus price target of $102.75.

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.