Marriott Vacations Worldwide Co. (NYSE:VAC) Position Reduced by Victory Capital Management Inc.

Victory Capital Management Inc. trimmed its stake in shares of Marriott Vacations Worldwide Co. (NYSE:VAC – Get Rating) by 1.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 181,384 shares of the company’s stock after selling 2,513 shares during the quarter. Victory Capital Management Inc. owned approximately 0.47% of Marriott Vacations Worldwide worth $25,439,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in VAC. South Dakota Investment Council raised its holdings in shares of Marriott Vacations Worldwide by 7.2% during the third quarter. South Dakota Investment Council now owns 6,646 shares of the company’s stock worth $810,000 after purchasing an additional 446 shares during the period. AXA S.A. raised its holdings in shares of Marriott Vacations Worldwide by 25.9% during the third quarter. AXA S.A. now owns 63,675 shares of the company’s stock worth $7,760,000 after purchasing an additional 13,100 shares during the period. Mesirow Institutional Investment Management Inc. raised its holdings in shares of Marriott Vacations Worldwide by 27.1% during the fourth quarter. Mesirow Institutional Investment Management Inc. now owns 2,370 shares of the company’s stock worth $319,000 after purchasing an additional 505 shares during the period. Baldwin Brothers LLC MA raised its holdings in shares of Marriott Vacations Worldwide by 3,160.6% during the fourth quarter. Baldwin Brothers LLC MA now owns 1,076 shares of the company’s stock worth $145,000 after purchasing an additional 1,043 shares during the period. Finally, Psagot Value Holdings Ltd. Israel acquired a new stake in shares of Marriott Vacations Worldwide during the third quarter worth $124,000. 82.81% of the stock is currently owned by institutional investors.

Marriott Vacations Worldwide Stock Down 2.2 %

Marriott Vacations Worldwide stock opened at $125.81 on Friday. The stock has a market cap of $4.63 billion, a price-to-earnings ratio of 13.05, a PEG ratio of 1.98 and a beta of 2.03. The company has a current ratio of 3.18, a quick ratio of 2.61 and a debt-to-equity ratio of 2.04. The company’s 50-day moving average price is $132.20 and its two-hundred day moving average price is $142.08. Marriott Vacations Worldwide Co. has a 52 week low of $110.08 and a 52 week high of $165.85.

Marriott Vacations Worldwide (NYSE:VAC – Get Rating) last released its earnings results on Wednesday, May 3rd. The company reported $2.54 EPS for the quarter, beating the consensus estimate of $1.84 by $0.70. The firm had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Marriott Vacations Worldwide had a net margin of 8.80% and a return on equity of 18.78%. Marriott Vacations Worldwide’s quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter last year, the company earned $1.70 EPS. On average, analysts expect that Marriott Vacations Worldwide Co. will post 11.19 EPS for the current fiscal year.

Marriott Vacations Worldwide Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 8th. Stockholders of record on Thursday, May 25th will be given a dividend of $0.72 per share. The ex-dividend date is Wednesday, May 24th. This represents a $2.88 annualized dividend and a dividend yield of 2.29%. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is 29.88%.

Analyst Ratings Changes

A number of brokerages have weighed in on VAC. Truist Financial dropped their target price on shares of Marriott Vacations Worldwide from $223.00 to $219.00 in a report on Tuesday, May 16th. Credit Suisse Group dropped their price objective on shares of Marriott Vacations Worldwide from $219.00 to $214.00 and set an “outperform” rating on the stock in a report on Friday, February 24th. StockNews.com began coverage on shares of Marriott Vacations Worldwide in a report on Thursday. They issued a “hold” rating on the stock. Bank of America began coverage on shares of Marriott Vacations Worldwide in a report on Monday, February 6th. They issued a “neutral” rating and a $180.00 price objective on the stock. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Marriott Vacations Worldwide from $191.00 to $188.00 and set a “buy” rating on the stock in a report on Friday, February 24th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Marriott Vacations Worldwide has a consensus rating of “Moderate Buy” and an average target price of $191.67.

About Marriott Vacations Worldwide

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Marriott Vacations Worldwide Corp. is a global vacation company engaged in vacation ownership, exchange, rental and resort and property management, along with related businesses, products and services. It operates through Vacation Ownership and Exchange & Third-Party Management. The Vacation Ownership segment develops, markets, sells, and manages vacation ownership and related products under the Marriott Vacation Club, Grand Residences by Marriott, Sheraton Vacation Club, Westin Vacation Club, and Hyatt Residence Club brands.