Marriott Vacations Worldwide Corp (NYSE:VAC) Short Interest Down 15.1% in December

Marriott Vacations Worldwide Corp (NYSE:VAC) saw a large decrease in short interest in December. As of December 31st, there was short interest totalling 1,970,000 shares, a decrease of 15.1% from the December 15th total of 2,320,000 shares. Based on an average daily volume of 280,400 shares, the short-interest ratio is currently 7.0 days. Approximately 5.3% of the company’s stock are short sold.

Several equities research analysts recently issued reports on the company. Stifel Nicolaus upped their price target on Marriott Vacations Worldwide from $130.00 to $140.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Nomura set a $136.00 price target on Marriott Vacations Worldwide and gave the company a “buy” rating in a research report on Wednesday, October 9th. JPMorgan Chase & Co. dropped their price target on Marriott Vacations Worldwide from $118.00 to $117.00 and set an “overweight” rating on the stock in a research report on Monday, October 7th. SunTrust Banks upped their price target on Marriott Vacations Worldwide to $155.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Finally, ValuEngine lowered Marriott Vacations Worldwide from a “sell” rating to a “strong sell” rating in a research report on Tuesday, December 3rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the stock. Marriott Vacations Worldwide currently has an average rating of “Buy” and an average target price of $128.43.

Shares of VAC stock traded up $0.60 on Tuesday, hitting $128.67. 175,097 shares of the stock traded hands, compared to its average volume of 206,166. The company has a debt-to-equity ratio of 1.27, a current ratio of 3.40 and a quick ratio of 2.62. The company has a market capitalization of $5.33 billion, a PE ratio of 21.88, a PEG ratio of 1.55 and a beta of 1.73. Marriott Vacations Worldwide has a 1-year low of $77.56 and a 1-year high of $131.27. The company’s fifty day moving average is $126.61 and its 200 day moving average is $108.82.

Marriott Vacations Worldwide (NYSE:VAC) last posted its quarterly earnings results on Monday, November 4th. The company reported $1.97 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.04 by ($0.07). The firm had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.12 billion. Marriott Vacations Worldwide had a net margin of 2.50% and a return on equity of 9.51%. The business’s revenue was up 51.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.42 earnings per share. As a group, equities research analysts expect that Marriott Vacations Worldwide will post 7.98 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, January 6th. Shareholders of record on Monday, December 23rd were given a $0.54 dividend. The ex-dividend date of this dividend was Friday, December 20th. This is a positive change from Marriott Vacations Worldwide’s previous quarterly dividend of $0.45. This represents a $2.16 annualized dividend and a yield of 1.68%. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is currently 36.73%.

In other Marriott Vacations Worldwide news, VP John E. Geller, Jr. sold 7,511 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $118.66, for a total value of $891,255.26. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO R. Lee Cunningham sold 3,615 shares of the company’s stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $110.00, for a total value of $397,650.00. Following the completion of the transaction, the chief operating officer now directly owns 38,699 shares in the company, valued at $4,256,890. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 53,204 shares of company stock worth $6,588,111. 2.30% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Marriott Vacations Worldwide by 4.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,696 shares of the company’s stock worth $279,000 after buying an additional 110 shares during the period. First Hawaiian Bank increased its position in Marriott Vacations Worldwide by 1.2% in the third quarter. First Hawaiian Bank now owns 9,749 shares of the company’s stock worth $1,010,000 after buying an additional 113 shares during the period. Whittier Trust Co. increased its position in Marriott Vacations Worldwide by 59.1% in the third quarter. Whittier Trust Co. now owns 342 shares of the company’s stock worth $35,000 after buying an additional 127 shares during the period. Gateway Investment Advisers LLC increased its position in Marriott Vacations Worldwide by 2.3% in the third quarter. Gateway Investment Advisers LLC now owns 7,055 shares of the company’s stock worth $731,000 after buying an additional 158 shares during the period. Finally, Chartwell Investment Partners LLC increased its position in Marriott Vacations Worldwide by 0.7% in the second quarter. Chartwell Investment Partners LLC now owns 32,768 shares of the company’s stock worth $3,159,000 after buying an additional 214 shares during the period. 84.63% of the stock is currently owned by hedge funds and other institutional investors.

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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