MetLife Investment Advisors LLC Decreases Stock Position in Marriott Vacations Worldwide Corp (NYSE:VAC)

MetLife Investment Advisors LLC cut its position in shares of Marriott Vacations Worldwide Corp (NYSE:VAC) by 2.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 40,846 shares of the company’s stock after selling 974 shares during the quarter. MetLife Investment Advisors LLC owned 0.09% of Marriott Vacations Worldwide worth $3,819,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. WCM Investment Management LLC bought a new position in Marriott Vacations Worldwide in the first quarter valued at approximately $1,638,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Marriott Vacations Worldwide during the 1st quarter worth approximately $387,000. Intrust Bank NA boosted its stake in shares of Marriott Vacations Worldwide by 8.4% during the 1st quarter. Intrust Bank NA now owns 3,717 shares of the company’s stock worth $348,000 after acquiring an additional 289 shares during the period. Argent Capital Management LLC bought a new position in shares of Marriott Vacations Worldwide during the 1st quarter worth approximately $647,000. Finally, Global Financial Private Capital LLC bought a new position in shares of Marriott Vacations Worldwide during the 1st quarter worth approximately $265,000. Institutional investors and hedge funds own 82.31% of the company’s stock.

Several research firms recently weighed in on VAC. JPMorgan Chase & Co. raised ROYAL MAIL PLC/ADR from an “underweight” rating to a “neutral” rating in a report on Monday, June 3rd. Credit Suisse Group reaffirmed a “neutral” rating and issued a $108.00 price objective on shares of Wynn Resorts in a report on Wednesday, March 20th. Finally, Zacks Investment Research raised Gerdau from a “sell” rating to a “hold” rating in a report on Monday, May 13th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $122.57.

In related news, Director Thomas J. Hutchison III sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, June 25th. The stock was sold at an average price of $94.55, for a total transaction of $236,375.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Ovidio Elias Vitas sold 400 shares of the company’s stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $99.27, for a total value of $39,708.00. Following the transaction, the executive vice president now directly owns 2,854 shares in the company, valued at $283,316.58. The disclosure for this sale can be found here. Insiders sold a total of 12,069 shares of company stock worth $1,179,653 over the last three months. 2.30% of the stock is owned by company insiders.

Shares of Marriott Vacations Worldwide stock traded up $1.11 during trading on Friday, reaching $98.43. 183,281 shares of the company’s stock were exchanged, compared to its average volume of 336,262. The stock has a market cap of $4.41 billion, a P/E ratio of 16.74, a P/E/G ratio of 1.42 and a beta of 1.66. Marriott Vacations Worldwide Corp has a 1-year low of $60.67 and a 1-year high of $126.84. The company has a current ratio of 3.05, a quick ratio of 2.32 and a debt-to-equity ratio of 1.16. The company has a 50-day simple moving average of $95.46.

Marriott Vacations Worldwide (NYSE:VAC) last released its quarterly earnings results on Tuesday, May 7th. The company reported $1.45 EPS for the quarter, missing analysts’ consensus estimates of $1.69 by ($0.24). Marriott Vacations Worldwide had a net margin of 0.60% and a return on equity of 8.05%. The company had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter last year, the firm posted $1.39 EPS. The company’s quarterly revenue was up 85.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Marriott Vacations Worldwide Corp will post 7.72 EPS for the current fiscal year.

Marriott Vacations Worldwide Company Profile

Marriott Vacations Worldwide Corporation develops, markets, sells, and manages vacation ownership and related products under the Marriott Vacation Club, Grand Residences by Marriott, Sheraton, Westin, Hyatt Residence Club brands, and Marriott Vacation Club Pulse brands. The company operates through two segments, Vacation Ownership and Exchange & Third-Party Management.

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

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