Arizona State Retirement System Sells 270 Shares of Marriott Vacations Worldwide Co. (NYSE:VAC)

Arizona State Retirement System cut its holdings in Marriott Vacations Worldwide Co. (NYSE:VAC) by 2.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,686 shares of the company’s stock after selling 270 shares during the period. Arizona State Retirement System’s holdings in Marriott Vacations Worldwide were worth $822,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Rockefeller Capital Management L.P. grew its holdings in shares of Marriott Vacations Worldwide by 56.9% in the fourth quarter. Rockefeller Capital Management L.P. now owns 204 shares of the company’s stock valued at $27,000 after acquiring an additional 74 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of Marriott Vacations Worldwide by 5.0% in the first quarter. Wellington Management Group LLP now owns 1,905 shares of the company’s stock valued at $257,000 after acquiring an additional 91 shares in the last quarter. Ethic Inc. grew its holdings in shares of Marriott Vacations Worldwide by 3.7% in the first quarter. Ethic Inc. now owns 2,779 shares of the company’s stock valued at $438,000 after acquiring an additional 100 shares in the last quarter. Raymond James & Associates grew its holdings in shares of Marriott Vacations Worldwide by 6.0% in the first quarter. Raymond James & Associates now owns 2,004 shares of the company’s stock valued at $316,000 after acquiring an additional 113 shares in the last quarter. Finally, Commonwealth Equity Services LLC grew its holdings in shares of Marriott Vacations Worldwide by 2.7% in the third quarter. Commonwealth Equity Services LLC now owns 4,329 shares of the company’s stock valued at $527,000 after acquiring an additional 115 shares in the last quarter. 89.52% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on VAC shares. Truist Financial upped their target price on Marriott Vacations Worldwide from $149.00 to $159.00 and gave the company a “buy” rating in a report on Tuesday, March 5th. JMP Securities upped their price objective on Marriott Vacations Worldwide from $105.00 to $115.00 and gave the company a “market outperform” rating in a research note on Monday, February 26th. Jefferies Financial Group upped their price objective on Marriott Vacations Worldwide from $90.00 to $92.00 and gave the company a “hold” rating in a research note on Tuesday, January 2nd. JPMorgan Chase & Co. upped their price objective on Marriott Vacations Worldwide from $93.00 to $107.00 and gave the company a “neutral” rating in a research note on Friday, February 23rd. Finally, Barclays upped their price objective on Marriott Vacations Worldwide from $90.00 to $102.00 and gave the company an “equal weight” rating in a research note on Friday, February 23rd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Marriott Vacations Worldwide currently has an average rating of “Hold” and an average price target of $109.71.

Marriott Vacations Worldwide Trading Down 0.1 %

NYSE:VAC opened at $97.71 on Thursday. The company has a market cap of $3.44 billion, a P/E ratio of 15.63 and a beta of 1.85. The stock’s fifty day moving average price is $96.07 and its two-hundred day moving average price is $89.00. Marriott Vacations Worldwide Co. has a 1 year low of $72.78 and a 1 year high of $140.30. The company has a debt-to-equity ratio of 2.16, a current ratio of 3.15 and a quick ratio of 2.64.

Marriott Vacations Worldwide (NYSE:VAC) last posted its earnings results on Wednesday, February 21st. The company reported $1.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.80 by $0.08. The firm had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.15 billion. Marriott Vacations Worldwide had a return on equity of 13.21% and a net margin of 5.37%. The business’s quarterly revenue was up .5% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.74 earnings per share. As a group, analysts expect that Marriott Vacations Worldwide Co. will post 7.81 EPS for the current year.

Marriott Vacations Worldwide Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 14th. Stockholders of record on Thursday, February 29th were issued a $0.76 dividend. The ex-dividend date was Wednesday, February 28th. This represents a $3.04 annualized dividend and a dividend yield of 3.11%. Marriott Vacations Worldwide’s payout ratio is currently 48.64%.

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.