Public Employees Retirement System of Ohio Sells 15,723 Shares of Marriott Vacations Worldwide Corp (NYSE:VAC)

Public Employees Retirement System of Ohio reduced its stake in Marriott Vacations Worldwide Corp (NYSE:VAC) by 23.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 52,710 shares of the company’s stock after selling 15,723 shares during the quarter. Public Employees Retirement System of Ohio owned 0.12% of Marriott Vacations Worldwide worth $5,081,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Global Financial Private Capital LLC bought a new stake in Marriott Vacations Worldwide during the 1st quarter worth about $265,000. AllSquare Wealth Management LLC bought a new stake in Marriott Vacations Worldwide during the 1st quarter worth about $44,000. Pacer Advisors Inc. bought a new stake in Marriott Vacations Worldwide during the 2nd quarter worth about $1,509,000. Magnus Financial Group LLC bought a new stake in Marriott Vacations Worldwide during the 1st quarter worth about $228,000. Finally, Atika Capital Management LLC bought a new stake in Marriott Vacations Worldwide during the 2nd quarter worth about $5,398,000. 81.42% of the stock is currently owned by institutional investors and hedge funds.

In related news, EVP Ovidio Elias Vitas sold 400 shares of the company’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $99.27, for a total value of $39,708.00. Following the transaction, the executive vice president now owns 2,854 shares in the company, valued at approximately $283,316.58. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Thomas J. Hutchison III sold 2,500 shares of the company’s stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $94.55, for a total transaction of $236,375.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 10,829 shares of company stock worth $1,058,133. 2.30% of the stock is owned by insiders.



Several brokerages have commented on VAC. JPMorgan Chase & Co. raised shares of Marriott Vacations Worldwide from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $98.00 to $118.00 in a research report on Tuesday, August 20th. Deutsche Bank reissued a “hold” rating and set a $107.00 price target on shares of Marriott Vacations Worldwide in a research report on Sunday, August 4th. Finally, ValuEngine raised shares of Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a report on Monday, July 29th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $123.67.

Shares of VAC stock traded up $1.55 on Friday, reaching $111.58. The stock had a trading volume of 134,258 shares, compared to its average volume of 410,619. The company has a quick ratio of 2.62, a current ratio of 3.41 and a debt-to-equity ratio of 1.21. The firm’s 50-day moving average is $95.25 and its two-hundred day moving average is $97.17. The firm has a market capitalization of $4.57 billion, a price-to-earnings ratio of 18.98, a P/E/G ratio of 1.47 and a beta of 1.68. Marriott Vacations Worldwide Corp has a 12 month low of $60.67 and a 12 month high of $119.30.

Marriott Vacations Worldwide (NYSE:VAC) last issued its earnings results on Wednesday, July 31st. The company reported $1.99 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.75 by $0.24. The company had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.11 billion. Marriott Vacations Worldwide had a net margin of 1.50% and a return on equity of 8.11%. Marriott Vacations Worldwide’s quarterly revenue was up 79.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.59 EPS. On average, sell-side analysts forecast that Marriott Vacations Worldwide Corp will post 7.96 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Thursday, September 19th will be issued a $0.45 dividend. The ex-dividend date is Wednesday, September 18th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.61%. Marriott Vacations Worldwide’s payout ratio is 30.61%.

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

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