FrontFour Capital Group LLC Trims Position in Marriott Vacations Worldwide Corp (VAC)
FrontFour Capital Group LLC lowered its position in shares of Marriott Vacations Worldwide Corp (NYSE:VAC) by 15.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 289,574 shares of the company’s stock after selling 51,082 shares during the period. Marriott Vacations Worldwide makes up approximately 17.9% of FrontFour Capital Group LLC’s portfolio, making the stock its largest position. FrontFour Capital Group LLC’s holdings in Marriott Vacations Worldwide were worth $20,418,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Key Square Capital Management LLC bought a new stake in Marriott Vacations Worldwide in the 3rd quarter worth approximately $33,525,000. Teachers Advisors LLC grew its position in Marriott Vacations Worldwide by 86.6% in the 3rd quarter. Teachers Advisors LLC now owns 76,692 shares of the company’s stock worth $8,570,000 after purchasing an additional 35,594 shares during the period. Rhumbline Advisers grew its position in Marriott Vacations Worldwide by 50.4% in the 4th quarter. Rhumbline Advisers now owns 125,884 shares of the company’s stock worth $8,876,000 after purchasing an additional 42,203 shares during the period. Cerebellum GP LLC grew its position in Marriott Vacations Worldwide by 159.9% in the 4th quarter. Cerebellum GP LLC now owns 3,509 shares of the company’s stock worth $247,000 after purchasing an additional 2,159 shares during the period. Finally, Prudential Financial Inc. grew its position in Marriott Vacations Worldwide by 1,426.5% in the 4th quarter. Prudential Financial Inc. now owns 504,921 shares of the company’s stock worth $35,602,000 after purchasing an additional 471,845 shares during the period. 80.10% of the stock is owned by institutional investors.
Shares of VAC stock opened at $95.04 on Friday. Marriott Vacations Worldwide Corp has a 1 year low of $60.67 and a 1 year high of $142.83. The company has a quick ratio of 2.71, a current ratio of 3.49 and a debt-to-equity ratio of 1.10. The firm has a market cap of $4.44 billion, a PE ratio of 16.44, a price-to-earnings-growth ratio of 1.35 and a beta of 1.64.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 14th. Stockholders of record on Thursday, February 28th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date of this dividend was Wednesday, February 27th. Marriott Vacations Worldwide’s payout ratio is 31.14%.
A number of research firms have commented on VAC. Zacks Investment Research downgraded shares of Marriott Vacations Worldwide from a “buy” rating to a “hold” rating in a research report on Wednesday, March 6th. SunTrust Banks boosted their price objective on shares of Marriott Vacations Worldwide to $149.00 and gave the company a “positive” rating in a research report on Friday, March 1st. Nomura cut their price objective on shares of Marriott Vacations Worldwide from $158.00 to $136.00 and set a “buy” rating for the company in a research report on Thursday, February 28th. ValuEngine raised shares of Marriott Vacations Worldwide from a “strong sell” rating to a “sell” rating in a research report on Thursday, January 24th. Finally, Deutsche Bank cut their price objective on shares of Marriott Vacations Worldwide from $134.00 to $93.00 and set a “hold” rating for the company in a research report on Monday, January 7th. One research analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $132.08.
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Marriott Vacations Worldwide Company Profile
Marriott Vacations Worldwide Corporation develops, markets, sells, and manages vacation ownership and related products under the Marriott Vacation Club, Grand Residences by Marriott, Sheraton, Westin, Hyatt Residence Club brands, and Marriott Vacation Club Pulse brands. The company operates through two segments, Vacation Ownership and Exchange & Third-Party Management.
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