Nisa Investment Advisors LLC Has $1.11 Million Position in Marriott Vacations Worldwide Corp (VAC)

Nisa Investment Advisors LLC increased its position in shares of Marriott Vacations Worldwide Corp (NYSE:VAC) by 6.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,186 shares of the company’s stock after purchasing an additional 500 shares during the period. Nisa Investment Advisors LLC’s holdings in Marriott Vacations Worldwide were worth $1,107,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of VAC. JPMorgan Chase & Co. raised its holdings in Marriott Vacations Worldwide by 7.0% during the second quarter. JPMorgan Chase & Co. now owns 1,170 shares of the company’s stock worth $138,000 after purchasing an additional 77 shares in the last quarter. Quantbot Technologies LP purchased a new position in Marriott Vacations Worldwide during the second quarter worth about $196,000. M&T Bank Corp purchased a new position in Marriott Vacations Worldwide during the second quarter worth about $204,000. DekaBank Deutsche Girozentrale raised its holdings in Marriott Vacations Worldwide by 87.9% during the third quarter. DekaBank Deutsche Girozentrale now owns 1,896 shares of the company’s stock worth $210,000 after purchasing an additional 887 shares in the last quarter. Finally, Macquarie Group Ltd. acquired a new position in Marriott Vacations Worldwide during the third quarter worth about $212,000. 74.03% of the stock is owned by hedge funds and other institutional investors.

In related news, COO R. Lee Cunningham sold 9,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $135.02, for a total transaction of $1,215,180.00. Following the sale, the chief operating officer now owns 19,356 shares in the company, valued at $2,613,447.12. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Melquiades R. Martinez sold 2,812 shares of the firm’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $133.14, for a total transaction of $374,389.68. Following the sale, the director now owns 445 shares in the company, valued at approximately $59,247.30. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 14,312 shares of company stock worth $1,925,645. 3.30% of the stock is owned by company insiders.

Several brokerages have weighed in on VAC. Nomura began coverage on shares of Marriott Vacations Worldwide in a research report on Wednesday, October 25th. They set a “buy” rating and a $151.00 target price on the stock. Macquarie began coverage on shares of Marriott Vacations Worldwide in a research report on Friday, January 5th. They set an “outperform” rating on the stock. Zacks Investment Research lowered shares of Marriott Vacations Worldwide from a “hold” rating to a “sell” rating in a research report on Wednesday, October 25th. ValuEngine lowered shares of Marriott Vacations Worldwide from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, Instinet started coverage on shares of Marriott Vacations Worldwide in a research report on Wednesday, October 25th. They set a “buy” rating and a $151.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company. Marriott Vacations Worldwide currently has an average rating of “Buy” and an average target price of $133.22.

Shares of Marriott Vacations Worldwide Corp (VAC) opened at $140.75 on Tuesday. The company has a market cap of $3,730.00, a P/E ratio of 23.19 and a beta of 1.20. Marriott Vacations Worldwide Corp has a 1 year low of $82.38 and a 1 year high of $143.53. The company has a debt-to-equity ratio of 1.21, a current ratio of 6.64 and a quick ratio of 4.65.

Marriott Vacations Worldwide (NYSE:VAC) last released its quarterly earnings results on Thursday, November 2nd. The company reported $1.41 EPS for the quarter, beating the consensus estimate of $1.14 by $0.27. The business had revenue of $486.99 million for the quarter, compared to analyst estimates of $470.05 million. Marriott Vacations Worldwide had a net margin of 8.28% and a return on equity of 17.91%. The company’s quarterly revenue was up 21.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.96 earnings per share. sell-side analysts predict that Marriott Vacations Worldwide Corp will post 5.38 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 4th. Stockholders of record on Thursday, December 21st were given a $0.40 dividend. The ex-dividend date of this dividend was Wednesday, December 20th. This is a positive change from Marriott Vacations Worldwide’s previous quarterly dividend of $0.35. This represents a $1.60 annualized dividend and a dividend yield of 1.14%. Marriott Vacations Worldwide’s dividend payout ratio is currently 26.36%.

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About Marriott Vacations Worldwide

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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Institutional Ownership by Quarter for Marriott Vacations Worldwide (NYSE:VAC)

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