Marriott Vacations Worldwide Corp. (NYSE:VAC)’s share price traded down 8% during trading on Thursday following a weaker than expected earnings announcement. The stock traded as low as $59.33 and last traded at $63.34, with a volume of 1,519,465 shares traded. The stock had previously closed at $68.83.

The company reported $0.96 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.15 by $0.19. The company earned $407 million during the quarter, compared to the consensus estimate of $446.83 million. Marriott Vacations Worldwide Corp. had a net margin of 6.38% and a return on equity of 12.51%. The company’s quarterly revenue was up .0% on a year-over-year basis. During the same quarter last year, the firm posted $0.82 earnings per share.

The business also recently declared a quarterly dividend, which was paid on Thursday, October 6th. Investors of record on Thursday, September 22nd were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.91%. The ex-dividend date of this dividend was Tuesday, September 20th. Marriott Vacations Worldwide Corp.’s dividend payout ratio (DPR) is currently 31.50%.

Several equities research analysts recently issued reports on the company. Deutsche Bank AG reiterated a “hold” rating on shares of Marriott Vacations Worldwide Corp. in a research note on Sunday, June 26th. Zacks Investment Research cut Marriott Vacations Worldwide Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, June 30th. 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. 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. Finally, Credit Suisse Group AG reiterated a “buy” rating and issued a $92.00 price target on shares of Marriott Vacations Worldwide Corp. in a research note on Monday, September 12th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $81.75.

In other news, VP Brian E. Miller sold 4,000 shares of the 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 completion of the transaction, the vice president now directly owns 18,771 shares in the company, valued at approximately $1,476,526.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.70% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in VAC. Dimensional Fund Advisors LP increased its stake in Marriott Vacations Worldwide Corp. by 9.5% in the second quarter. Dimensional Fund Advisors LP now owns 2,304,172 shares of the company’s stock worth $157,811,000 after buying an additional 200,376 shares during the last quarter. BlackRock Fund Advisors increased its stake in Marriott Vacations Worldwide Corp. by 0.4% in the second quarter. BlackRock Fund Advisors now owns 1,562,587 shares of the company’s stock worth $107,022,000 after buying an additional 6,985 shares during the last quarter. Mesirow Financial Investment Management Equity Management bought a new stake in Marriott Vacations Worldwide Corp. during the second quarter worth $22,319,000. Prudential Financial Inc. increased its stake in Marriott Vacations Worldwide Corp. by 1.8% in the first quarter. Prudential Financial Inc. now owns 302,899 shares of the company’s stock worth $20,446,000 after buying an additional 5,218 shares during the last quarter. Finally, Rothschild Asset Management Inc. increased its stake in Marriott Vacations Worldwide Corp. by 9.9% in the second quarter. Rothschild Asset Management Inc. now owns 300,361 shares of the company’s stock worth $20,572,000 after buying an additional 27,160 shares during the last quarter. Institutional investors own 78.31% of the company’s stock.

The company has a market capitalization of $1.69 billion, a price-to-earnings ratio of 16.51 and a beta of 1.18. The firm’s 50 day moving average price is $74.01 and its 200-day moving average price is $68.51.

About Marriott Vacations Worldwide Corp.

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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