Hsbc Holdings PLC Trims Holdings in Marriott Vacations Worldwide Co. (NYSE:VAC)

Hsbc Holdings PLC lowered its stake in shares of Marriott Vacations Worldwide Co. (NYSE:VAC) by 6.6% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 24,716 shares of the company’s stock after selling 1,740 shares during the period. Hsbc Holdings PLC owned approximately 0.07% of Marriott Vacations Worldwide worth $2,115,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in VAC. Allspring Global Investments Holdings LLC grew its stake in shares of Marriott Vacations Worldwide by 615.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 286 shares of the company’s stock valued at $31,000 after buying an additional 246 shares in the last quarter. Fidelis Capital Partners LLC acquired a new position in Marriott Vacations Worldwide in the 1st quarter valued at about $41,000. Innealta Capital LLC acquired a new position in Marriott Vacations Worldwide in the 2nd quarter valued at about $90,000. TFO Wealth Partners LLC increased its stake in Marriott Vacations Worldwide by 61,550.0% during the fourth quarter. TFO Wealth Partners LLC now owns 1,233 shares of the company’s stock worth $105,000 after purchasing an additional 1,231 shares during the period. Finally, EMC Capital Management acquired a new stake in shares of Marriott Vacations Worldwide during the first quarter worth about $144,000. Institutional investors and hedge funds own 89.52% of the company’s stock.

Marriott Vacations Worldwide Stock Up 2.9 %

VAC stock opened at $75.76 on Friday. The company’s 50 day moving average is $75.10 and its two-hundred day moving average is $87.56. Marriott Vacations Worldwide Co. has a twelve month low of $67.28 and a twelve month high of $108.57. The company has a current ratio of 3.28, a quick ratio of 2.72 and a debt-to-equity ratio of 2.21. The stock has a market cap of $2.66 billion, a P/E ratio of 14.00, a PEG ratio of 0.70 and a beta of 1.81.

Marriott Vacations Worldwide (NYSE:VAC) last announced its quarterly earnings results on Wednesday, July 31st. The company reported $1.10 earnings per share for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.89). The company had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.21 billion. Marriott Vacations Worldwide had a net margin of 3.41% and a return on equity of 9.89%. Marriott Vacations Worldwide’s revenue was down 3.2% on a year-over-year basis. During the same period last year, the firm earned $2.19 earnings per share. Research analysts expect that Marriott Vacations Worldwide Co. will post 6.11 earnings per share for the current fiscal year.

Marriott Vacations Worldwide Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Thursday, September 19th will be given a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a yield of 4.01%. The ex-dividend date of this dividend is Thursday, September 19th. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is 56.19%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. JMP Securities dropped their price objective on shares of Marriott Vacations Worldwide from $115.00 to $90.00 and set a “market outperform” rating for the company in a report on Friday, August 2nd. Truist Financial cut their price objective on Marriott Vacations Worldwide from $161.00 to $159.00 and set a “buy” rating on the stock in a research report on Friday, July 19th. Stifel Nicolaus decreased their target price on Marriott Vacations Worldwide from $108.00 to $96.50 and set a “buy” rating for the company in a report on Friday, September 13th. Deutsche Bank Aktiengesellschaft cut their price target on Marriott Vacations Worldwide from $121.00 to $95.00 and set a “buy” rating on the stock in a report on Tuesday, August 6th. Finally, StockNews.com cut Marriott Vacations Worldwide from a “hold” rating to a “sell” rating in a research note on Friday, July 19th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Marriott Vacations Worldwide presently has an average rating of “Hold” and an average price target of $96.65.

Insiders Place Their Bets

In other Marriott Vacations Worldwide news, insider Jason P. Marino bought 700 shares of the business’s stock in a transaction dated Wednesday, September 11th. The shares were acquired at an average cost of $69.00 per share, with a total value of $48,300.00. Following the acquisition, the insider now directly owns 15,851 shares of the company’s stock, valued at approximately $1,093,719. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.70% of the stock is currently owned by corporate insiders.

Marriott Vacations Worldwide Company Profile

Marriott Vacations Worldwide Corporation, a vacation company, develops, markets, sells, and manages vacation ownership and related businesses, products, and services in the United States and internationally. It operates through two segments, Vacation Ownership and Exchange & Third-Party Management.