Marriott Vacations Worldwide Corp. (NYSE:VAC) released its quarterly earnings results on Thursday. The company reported $0.96 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.15 by $0.19. The firm had revenue of $407 million for the quarter. Marriott Vacations Worldwide Corp. had a net margin of 6.38% and a return on equity of 12.51%.

Shares of Marriott Vacations Worldwide Corp. (NYSE:VAC) opened at 68.83 on Thursday. The company’s 50-day moving average price is $74.43 and its 200-day moving average price is $68.55. The company has a market cap of $1.86 billion, a P/E ratio of 18.11 and a beta of 1.18. Marriott Vacations Worldwide Corp. has a 12 month low of $45.95 and a 12 month high of $80.27.

Earnings History for Marriott Vacations Worldwide Corp. (NYSE:VAC)

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 6th. Investors of record on Thursday, September 22nd were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date was Tuesday, September 20th. Marriott Vacations Worldwide Corp.’s payout ratio is currently 31.50%.

In other Marriott Vacations Worldwide Corp. news, VP Brian E. Miller sold 4,000 shares of Marriott Vacations Worldwide Corp. stock in a transaction on Tuesday, July 26th. The stock was sold at an average price of $78.66, for a total value of $314,640.00. Following the sale, the vice president now owns 18,771 shares in the company, valued at $1,476,526.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.70% of the stock is owned by company insiders.

Large investors have recently bought and sold shares of the stock. Point72 Asset Management L.P. increased its stake in Marriott Vacations Worldwide Corp. by 1,835.0% in the second quarter. Point72 Asset Management L.P. now owns 199,300 shares of the company’s stock worth $13,650,000 after buying an additional 189,000 shares in the last quarter. EverPoint Asset Management LLC acquired a new stake in Marriott Vacations Worldwide Corp. during the second quarter worth approximately $10,274,000. Cubist Systematic Strategies LLC increased its stake in Marriott Vacations Worldwide Corp. by 61.1% in the second quarter. Cubist Systematic Strategies LLC now owns 6,586 shares of the company’s stock worth $451,000 after buying an additional 2,497 shares in the last quarter. Zacks Investment Management increased its stake in Marriott Vacations Worldwide Corp. by 2.3% in the second quarter. Zacks Investment Management now owns 15,277 shares of the company’s stock worth $1,046,000 after buying an additional 339 shares in the last quarter. Finally, Parametric Portfolio Associates LLC increased its stake in Marriott Vacations Worldwide Corp. by 0.8% in the second quarter. Parametric Portfolio Associates LLC now owns 147,675 shares of the company’s stock worth $10,114,000 after buying an additional 1,225 shares in the last quarter. Institutional investors own 78.31% of the company’s stock.

VAC has been the subject of a number of recent research reports. Zacks Investment Research downgraded Marriott Vacations Worldwide Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, September 28th. Credit Suisse Group AG restated a “buy” rating and set a $92.00 price target on shares of Marriott Vacations Worldwide Corp. in a research note on Monday, September 12th. Stifel Nicolaus boosted their price target on Marriott Vacations Worldwide Corp. from $84.00 to $88.00 and gave the company a “buy” rating in a research note on Wednesday, July 27th. Telsey Advisory Group boosted their price target on Marriott Vacations Worldwide Corp. from $69.00 to $83.00 and gave the company a “market perform” rating in a research note on Friday, July 22nd. Finally, Deutsche Bank AG restated a “hold” rating on shares of Marriott Vacations Worldwide Corp. in a research note on Sunday, June 26th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $81.75.

Marriott Vacations Worldwide Corp. Company Profile

Marriott Vacations Worldwide Corporation is a developer, marketer, seller and manager of vacation ownership and related products under the Marriott Vacation Club and Grand Residences by Marriott brands. The Company is a developer, marketer and seller of vacation ownership and related products under The Ritz-Carlton Destination Club brand.

5 Day Chart for NYSE:VAC

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