Nisa Investment Advisors LLC Lowers Stock Holdings in Marriott Vacations Worldwide Co. (NYSE:VAC)

Nisa Investment Advisors LLC trimmed its position in shares of Marriott Vacations Worldwide Co. (NYSE:VAC) by 74.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 5,728 shares of the company’s stock after selling 16,331 shares during the period. Nisa Investment Advisors LLC’s holdings in Marriott Vacations Worldwide were worth $486,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Rockefeller Capital Management L.P. boosted its holdings in Marriott Vacations Worldwide by 56.9% during the 4th 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 during the period. Wellington Management Group LLP boosted its holdings in Marriott Vacations Worldwide by 5.0% during the 1st 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 during the period. Ethic Inc. boosted its holdings in Marriott Vacations Worldwide by 3.7% during the 1st quarter. Ethic Inc. now owns 2,779 shares of the company’s stock valued at $438,000 after acquiring an additional 100 shares during the period. Raymond James & Associates boosted its stake in shares of Marriott Vacations Worldwide by 6.0% in the 1st quarter. Raymond James & Associates now owns 2,004 shares of the company’s stock valued at $316,000 after buying an additional 113 shares during the period. Finally, Commonwealth Equity Services LLC boosted its stake in shares of Marriott Vacations Worldwide by 2.7% in the 3rd quarter. Commonwealth Equity Services LLC now owns 4,329 shares of the company’s stock valued at $527,000 after buying an additional 115 shares during the period. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on VAC shares. Mizuho started coverage on Marriott Vacations Worldwide in a research note on Tuesday, March 26th. They issued a “buy” rating and a $128.00 price objective for the company. Jefferies Financial Group lifted 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. lifted 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. JMP Securities lifted 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. Finally, Barclays lifted 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 research analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $109.71.

Marriott Vacations Worldwide Price Performance

Shares of NYSE VAC opened at $97.71 on Thursday. The company has a debt-to-equity ratio of 2.16, a quick ratio of 2.64 and a current ratio of 3.15. Marriott Vacations Worldwide Co. has a fifty-two week low of $72.78 and a fifty-two week high of $140.30. The firm has a market capitalization of $3.44 billion, a PE ratio of 15.63 and a beta of 1.85. The stock’s 50-day simple moving average is $96.07 and its 200-day simple moving average is $89.00.

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

Marriott Vacations Worldwide Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 14th. Shareholders of record on Thursday, February 29th were given a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a yield of 3.11%. The ex-dividend date of this dividend was Wednesday, February 28th. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is 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.