Marriott Vacations Worldwide Corp (NYSE:VAC) – Stock analysts at SunTrust Banks increased their Q1 2018 EPS estimates for Marriott Vacations Worldwide Corp in a research report issued on Monday, according to Zacks Investment Research. SunTrust Banks analyst P. Scholes now anticipates that the company will post earnings of $1.32 per share for the quarter, up from their prior estimate of $1.18. SunTrust Banks also issued estimates for Marriott Vacations Worldwide Corp’s Q2 2018 earnings at $1.25 EPS and FY2018 earnings at $5.74 EPS.

VAC has been the topic of a number of other reports. Deutsche Bank AG upped their price objective on Marriott Vacations Worldwide Corp from $80.00 to $92.00 and gave the company a “hold” rating in a research report on Monday, May 8th. Telsey Advisory Group upped their target price on Marriott Vacations Worldwide Corp from $72.00 to $96.00 and gave the company a “market perform” rating in a research note on Friday, February 24th. Janney Montgomery Scott assumed coverage on Marriott Vacations Worldwide Corp in a research note on Thursday, April 20th. They set a “buy” rating and a $119.00 target price on the stock. Stifel Nicolaus upped their target price on Marriott Vacations Worldwide Corp to $102.00 in a research note on Friday, February 24th. Finally, Zacks Investment Research raised Marriott Vacations Worldwide Corp from a “hold” rating to a “buy” rating and set a $129.00 target price on the stock in a research note on Wednesday, May 10th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $106.43.

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

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Marriott Vacations Worldwide Corp (NYSE:VAC) traded up 0.33% on Tuesday, reaching $110.90. The company had a trading volume of 117,069 shares. The stock’s 50-day moving average price is $106.74 and its 200-day moving average price is $90.59. The stock has a market capitalization of $3.01 billion, a P/E ratio of 21.15 and a beta of 1.25. Marriott Vacations Worldwide Corp has a 12-month low of $56.90 and a 12-month high of $124.94.

Marriott Vacations Worldwide Corp (NYSE:VAC) last posted its quarterly earnings results on Thursday, May 4th. The company reported $1.22 EPS for the quarter, beating the Zacks’ consensus estimate of $1.18 by $0.04. The business had revenue of $487.50 million during the quarter, compared to the consensus estimate of $475.07 million. Marriott Vacations Worldwide Corp had a return on equity of 13.10% and a net margin of 6.68%. Marriott Vacations Worldwide Corp’s revenue for the quarter was up 16.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.87 earnings per share.

A number of hedge funds have recently made changes to their positions in VAC. BlackRock Inc. boosted its stake in shares of Marriott Vacations Worldwide Corp by 42,912.0% in the first quarter. BlackRock Inc. now owns 2,875,350 shares of the company’s stock valued at $287,334,000 after buying an additional 2,868,665 shares during the period. FMR LLC raised its stake in shares of Marriott Vacations Worldwide Corp by 73.1% in the first quarter. FMR LLC now owns 1,011,226 shares of the company’s stock valued at $101,052,000 after buying an additional 427,126 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Marriott Vacations Worldwide Corp by 10.2% in the first quarter. Vanguard Group Inc. now owns 1,934,276 shares of the company’s stock valued at $193,293,000 after buying an additional 179,768 shares in the last quarter. Matarin Capital Management LLC acquired a new stake in shares of Marriott Vacations Worldwide Corp during the third quarter valued at approximately $9,159,000. Finally, Bank of New York Mellon Corp raised its stake in shares of Marriott Vacations Worldwide Corp by 30.7% in the first quarter. Bank of New York Mellon Corp now owns 494,158 shares of the company’s stock valued at $49,381,000 after buying an additional 116,198 shares in the last quarter. 75.49% of the stock is currently owned by institutional investors and hedge funds.

In related news, major shareholder J W. Marriott, Jr. sold 7,320 shares of the stock in a transaction that occurred on Monday, February 27th. The stock was sold at an average price of $97.09, for a total value of $710,698.80. Following the transaction, the insider now owns 11,887 shares of the company’s stock, valued at $1,154,108.83. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Michael E. Yonker sold 6,000 shares of the stock in a transaction on Monday, February 27th. The shares were sold at an average price of $97.43, for a total value of $584,580.00. Following the sale, the vice president now directly owns 5,628 shares in the company, valued at approximately $548,336.04. The disclosure for this sale can be found here. In the last three months, insiders sold 20,608 shares of company stock worth $1,991,844. 2.70% of the stock is owned by insiders.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 8th. Investors of record on Thursday, May 25th will be paid a $0.35 dividend. The ex-dividend date is Tuesday, May 23rd. This represents a $1.40 annualized dividend and a yield of 1.27%. Marriott Vacations Worldwide Corp’s dividend payout ratio (DPR) is currently 34.06%.

Marriott Vacations Worldwide Corp Company Profile

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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