Zacks Investment Research Lowers Marriott Vacations Worldwide (VAC) to Sell
Zacks Investment Research lowered shares of Marriott Vacations Worldwide (NYSE:VAC) from a hold rating to a sell rating in a research report report published on Saturday morning.
According to Zacks, “Marriott Vacations Worldwide Corporation is a developer, marketer, seller and manager of vacation ownership resorts and vacation club, destination club and exchange programs, principally under the Marriott and Ritz-Carlton brands and trademarks. The Company generates most of its revenues from four primary sources: selling vacation ownership products, managing our resorts, financing consumer purchases of vacation ownership products and renting vacation ownership inventory. “
Several other research firms also recently weighed in on VAC. Nomura raised their price objective on Marriott Vacations Worldwide from $151.00 to $160.00 and gave the company a buy rating in a research note on Friday, November 3rd. Macquarie assumed coverage on Marriott Vacations Worldwide in a research note on Friday. They issued an outperform rating for the company. ValuEngine downgraded Marriott Vacations Worldwide from a buy rating to a hold rating in a research note on Friday, December 1st. Instinet assumed coverage on Marriott Vacations Worldwide in a research note on Wednesday, October 25th. They issued a buy rating and a $151.00 price objective for the company. Finally, Stifel Nicolaus reaffirmed a buy rating and issued a $130.00 price objective (up from $120.00) on shares of Marriott Vacations Worldwide in a research note on Thursday, September 21st. Two analysts have rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of $133.22.
Shares of Marriott Vacations Worldwide (NYSE VAC) traded down $1.35 during mid-day trading on Friday, hitting $134.28. The stock had a trading volume of 233,793 shares, compared to its average volume of 157,489. The stock has a market cap of $3,557.75, a P/E ratio of 22.16 and a beta of 1.20. Marriott Vacations Worldwide has a fifty-two week low of $79.79 and a fifty-two week high of $143.53. The company has a current ratio of 6.64, a quick ratio of 4.65 and a debt-to-equity ratio of 1.21.
Marriott Vacations Worldwide (NYSE:VAC) last issued its earnings results on Thursday, November 2nd. The company reported $1.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.27. The business had revenue of $486.99 million during the quarter, compared to the consensus estimate of $470.05 million. Marriott Vacations Worldwide had a return on equity of 17.91% and a net margin of 8.28%. The company’s revenue for the quarter was up 21.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.96 EPS. analysts expect that Marriott Vacations Worldwide will post 5.38 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 4th. Investors of record on Thursday, December 21st were paid a $0.40 dividend. This is an increase from Marriott Vacations Worldwide’s previous quarterly dividend of $0.35. This represents a $1.60 annualized dividend and a yield of 1.19%. The ex-dividend date of this dividend was Wednesday, December 20th. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is presently 26.40%.
In other Marriott Vacations Worldwide news, VP Michael E. Yonker sold 2,500 shares of the firm’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $134.43, for a total transaction of $336,075.00. Following the completion of the transaction, the vice president now owns 3,128 shares of the company’s stock, valued at $420,497.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO R. Lee Cunningham sold 9,000 shares of the firm’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $135.02, for a total value of $1,215,180.00. Following the transaction, the chief operating officer now directly owns 19,356 shares of the company’s stock, valued at approximately $2,613,447.12. The disclosure for this sale can be found here. Insiders sold a total of 14,312 shares of company stock valued at $1,925,645 over the last ninety days. 3.30% of the stock is currently owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the business. Bamco Inc. NY increased 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 worth $269,261,000 after buying an additional 13,800 shares in the last quarter. Prudential Financial Inc. increased its position in Marriott Vacations Worldwide by 15.2% during the second quarter. Prudential Financial Inc. now owns 58,053 shares of the company’s stock worth $6,836,000 after buying an additional 7,674 shares in the last quarter. Northern Trust Corp increased its position in Marriott Vacations Worldwide by 4.5% during the second quarter. Northern Trust Corp now owns 446,755 shares of the company’s stock worth $52,605,000 after buying an additional 19,203 shares in the last quarter. Schwab Charles Investment Management Inc. increased 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 worth $18,679,000 after buying an additional 10,555 shares in the last quarter. Finally, Cambria Investment Management L.P. purchased a new position in Marriott Vacations Worldwide during the second quarter worth $856,000. 74.00% of the stock is owned by institutional investors.
About Marriott Vacations Worldwide
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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