The Putnam Investments LLC Acquires 500 Shares of Marriott Vacations Worldwide Corp (VAC)

The Putnam Investments LLC Acquires 500 Shares of Marriott Vacations Worldwide Corp (VAC)

Putnam Investments LLC raised its position in Marriott Vacations Worldwide Corp (NYSE:VAC) by 0.7% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 70,538 shares of the company’s stock after buying an additional 500 shares during the period. Putnam Investments LLC owned approximately 0.26% of Marriott Vacations Worldwide Corp worth $5,985,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. US Bancorp DE boosted its stake in shares of Marriott Vacations Worldwide Corp by 213.1% in the third quarter. US Bancorp DE now owns 1,387 shares of the company’s stock worth $102,000 after buying an additional 944 shares in the last quarter. Quantbot Technologies LP acquired a new stake in shares of Marriott Vacations Worldwide Corp during the third quarter worth $102,000. Elkfork Partners LLC acquired a new stake in shares of Marriott Vacations Worldwide Corp during the fourth quarter worth $128,000. Howe & Rusling Inc. boosted its stake in shares of Marriott Vacations Worldwide Corp by 3.8% in the second quarter. Howe & Rusling Inc. now owns 2,114 shares of the company’s stock worth $145,000 after buying an additional 77 shares in the last quarter. Finally, Advisor Group Inc. boosted its stake in shares of Marriott Vacations Worldwide Corp by 88.4% in the third quarter. Advisor Group Inc. now owns 2,183 shares of the company’s stock worth $161,000 after buying an additional 1,024 shares in the last quarter. Hedge funds and other institutional investors own 75.49% of the company’s stock.

Shares of Marriott Vacations Worldwide Corp (NYSE:VAC) traded down 0.33% during mid-day trading on Monday, reaching $92.74. 60,496 shares of the company were exchanged. Marriott Vacations Worldwide Corp has a 12 month low of $56.33 and a 12 month high of $99.53. The company’s 50-day moving average is $88.60 and its 200 day moving average is $79.02. The firm has a market capitalization of $2.51 billion, a price-to-earnings ratio of 19.20 and a beta of 1.25.

Marriott Vacations Worldwide Corp (NYSE:VAC) last posted its quarterly earnings data on Thursday, February 23rd. The company reported $1.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.74 by $0.09. The company had revenue of $564.70 million for the quarter, compared to analyst estimates of $589.50 million. Marriott Vacations Worldwide Corp had a net margin of 6.68% and a return on equity of 13.10%. The business’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.11 earnings per share. Analysts predict that Marriott Vacations Worldwide Corp will post $5.23 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 9th. Stockholders of record on Thursday, February 23rd will be paid a dividend of $0.35 per share. The ex-dividend date is Tuesday, February 21st. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.50%. Marriott Vacations Worldwide Corp’s dividend payout ratio is currently 34.06%.

A number of brokerages recently weighed in on VAC. Stifel Nicolaus increased their price target on shares of Marriott Vacations Worldwide Corp to $102.00 in a research note on Friday, February 24th. Telsey Advisory Group increased their price target on shares of Marriott Vacations Worldwide Corp from $72.00 to $96.00 and gave the stock a “market perform” rating in a research note on Friday, February 24th. Zacks Investment Research cut shares of Marriott Vacations Worldwide Corp from a “buy” rating to a “hold” rating in a research note on Wednesday, February 1st. Finally, MKM Partners reiterated a “buy” rating and set a $115.00 price target (up previously from $104.00) on shares of Marriott Vacations Worldwide Corp in a research note on Tuesday, February 28th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Marriott Vacations Worldwide Corp currently has an average rating of “Buy” and a consensus target price of $100.60.

In other news, major shareholder J W. Marriott, Jr. sold 7,320 shares of Marriott Vacations Worldwide Corp stock in a transaction that occurred on Monday, February 27th. The shares were sold at an average price of $97.09, for a total transaction of $710,698.80. Following the sale, the insider now owns 11,887 shares in the company, valued at $1,154,108.83. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Michael E. Yonker sold 6,000 shares of Marriott Vacations Worldwide Corp stock in a transaction that occurred on Monday, February 27th. The shares were sold at an average price of $97.43, for a total transaction of $584,580.00. Following the sale, the vice president now owns 5,628 shares in the company, valued at approximately $548,336.04. The disclosure for this sale can be found here. Insiders have sold 14,820 shares of company stock worth $1,440,074 in the last quarter. Insiders own 2.70% of the company’s stock.

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.

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