Marriott Vacations Worldwide Co. (NYSE:VAC) Shares Sold by Strs Ohio

Strs Ohio cut its stake in shares of Marriott Vacations Worldwide Co. (NYSE:VACGet Rating) by 25.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,514 shares of the company’s stock after selling 2,502 shares during the quarter. Strs Ohio’s holdings in Marriott Vacations Worldwide were worth $915,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Wipfli Financial Advisors LLC purchased a new stake in Marriott Vacations Worldwide during the third quarter worth approximately $96,000. Fifth Third Bancorp lifted its stake in Marriott Vacations Worldwide by 2.5% during the third quarter. Fifth Third Bancorp now owns 3,625 shares of the company’s stock worth $442,000 after purchasing an additional 89 shares during the last quarter. Versor Investments LP lifted its stake in Marriott Vacations Worldwide by 10.0% during the third quarter. Versor Investments LP now owns 2,019 shares of the company’s stock worth $246,000 after purchasing an additional 183 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in Marriott Vacations Worldwide by 6.5% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 6,039 shares of the company’s stock valued at $736,000 after buying an additional 369 shares during the last quarter. Finally, Granite Investment Partners LLC lifted its stake in Marriott Vacations Worldwide by 0.6% in the third quarter. Granite Investment Partners LLC now owns 44,948 shares of the company’s stock valued at $5,477,000 after buying an additional 272 shares during the last quarter. 82.81% of the stock is owned by institutional investors and hedge funds.

Marriott Vacations Worldwide Stock Performance

Shares of VAC opened at $151.52 on Friday. The company has a market capitalization of $5.81 billion, a PE ratio of 18.66 and a beta of 2.05. Marriott Vacations Worldwide Co. has a 52-week low of $110.08 and a 52-week high of $173.44. The company has a 50-day simple moving average of $141.14 and a 200-day simple moving average of $137.51. The company has a quick ratio of 2.70, a current ratio of 3.31 and a debt-to-equity ratio of 1.73.

Marriott Vacations Worldwide (NYSE:VACGet Rating) last posted its quarterly earnings results on Monday, October 31st. The company reported $3.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.63 by $0.39. The company had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.18 billion. Marriott Vacations Worldwide had a net margin of 7.97% and a return on equity of 15.95%. The company’s revenue for the quarter was up 19.0% on a year-over-year basis. During the same period last year, the firm earned $1.60 EPS. Equities research analysts predict that Marriott Vacations Worldwide Co. will post 10.45 earnings per share for the current fiscal year.

Marriott Vacations Worldwide Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 5th. Shareholders of record on Thursday, December 22nd were given a dividend of $0.72 per share. The ex-dividend date of this dividend was Wednesday, December 21st. This represents a $2.88 dividend on an annualized basis and a yield of 1.90%. This is a boost from Marriott Vacations Worldwide’s previous quarterly dividend of $0.62. Marriott Vacations Worldwide’s payout ratio is presently 35.47%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on VAC shares. Truist Financial boosted their price objective on Marriott Vacations Worldwide from $202.00 to $205.00 and gave the company a “buy” rating in a research note on Tuesday, November 15th. StockNews.com started coverage on Marriott Vacations Worldwide in a research note on Wednesday, October 12th. They set a “buy” rating for the company. Finally, Credit Suisse Group cut their price target on Marriott Vacations Worldwide from $227.00 to $219.00 and set an “outperform” rating for the company in a research note on Wednesday, November 2nd. Four equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $195.25.

About Marriott Vacations Worldwide

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

See Also

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

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