WINTON GROUP Ltd Reduces Holdings in Marriott Vacations Worldwide Corp (VAC)

WINTON GROUP Ltd cut its position in Marriott Vacations Worldwide Corp (NYSE:VAC) by 39.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,365 shares of the company’s stock after selling 6,150 shares during the quarter. WINTON GROUP Ltd’s holdings in Marriott Vacations Worldwide were worth $1,058,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of VAC. Millennium Management LLC increased its stake in shares of Marriott Vacations Worldwide by 2,989.3% in the second quarter. Millennium Management LLC now owns 479,464 shares of the company’s stock valued at $54,160,000 after buying an additional 463,944 shares during the period. Voya Investment Management LLC increased its stake in shares of Marriott Vacations Worldwide by 198.9% in the second quarter. Voya Investment Management LLC now owns 604,559 shares of the company’s stock valued at $68,291,000 after buying an additional 402,323 shares during the period. Senvest Management LLC acquired a new stake in shares of Marriott Vacations Worldwide in the second quarter valued at about $41,123,000. Victory Capital Management Inc. increased its stake in shares of Marriott Vacations Worldwide by 186,969.9% in the second quarter. Victory Capital Management Inc. now owns 342,338 shares of the company’s stock valued at $38,671,000 after buying an additional 342,155 shares during the period. Finally, BlackRock Inc. increased its stake in shares of Marriott Vacations Worldwide by 10.5% in the second quarter. BlackRock Inc. now owns 3,265,091 shares of the company’s stock valued at $368,825,000 after buying an additional 310,249 shares during the period. Hedge funds and other institutional investors own 90.24% of the company’s stock.

VAC has been the subject of several recent research reports. Wolfe Research initiated coverage on Marriott Vacations Worldwide in a research note on Friday, June 8th. They issued an “outperform” rating for the company. Stifel Nicolaus decreased their price target on Marriott Vacations Worldwide from $160.00 to $147.00 and set a “buy” rating for the company in a research note on Wednesday, June 20th. ValuEngine cut Marriott Vacations Worldwide from a “hold” rating to a “sell” rating in a research note on Tuesday, June 26th. Zacks Investment Research reissued a “hold” rating on shares of Marriott Vacations Worldwide in a research note on Saturday, June 30th. Finally, Jefferies Financial Group assumed coverage on Marriott Vacations Worldwide in a research note on Monday, July 16th. They set a “buy” rating and a $150.00 target price for the company. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $143.07.

NYSE VAC opened at $116.72 on Thursday. Marriott Vacations Worldwide Corp has a one year low of $107.17 and a one year high of $154.14. The company has a market cap of $3.09 billion, a P/E ratio of 20.19, a price-to-earnings-growth ratio of 1.62 and a beta of 1.38. The company has a quick ratio of 5.17, a current ratio of 6.99 and a debt-to-equity ratio of 1.25.

Marriott Vacations Worldwide (NYSE:VAC) last released its earnings results on Thursday, August 2nd. The company reported $1.59 EPS for the quarter, missing the consensus estimate of $1.84 by ($0.25). Marriott Vacations Worldwide had a return on equity of 15.81% and a net margin of 9.16%. The business had revenue of $594.69 million for the quarter, compared to analyst estimates of $595.15 million. During the same period in the prior year, the business earned $1.74 EPS. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. research analysts predict that Marriott Vacations Worldwide Corp will post 7.18 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 4th. Investors of record on Thursday, September 20th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Wednesday, September 19th. This represents a $1.60 annualized dividend and a yield of 1.37%. Marriott Vacations Worldwide’s dividend payout ratio is currently 27.68%.

Marriott Vacations Worldwide Profile

Marriott Vacations Worldwide Corporation develops, markets, sells, and manages vacation ownership and related products under the Marriott Vacation Club, Grand Residences by Marriott, and Marriott Vacation Club Pulse brands. It operates through three segments: North America, Asia Pacific, and Europe. The company also develops, markets, and sells vacation ownership and related products under The Ritz-Carlton Destination Club brand; and holds right to develop, market, and sell ownership residential products under The Ritz-Carlton Residences brand.

See Also: Buyback For Investors Defined

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Institutional Ownership by Quarter for Marriott Vacations Worldwide (NYSE:VAC)

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