Marriott Vacations Worldwide Co. (NYSE:VAC) Shares Sold by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. lowered its position in shares of Marriott Vacations Worldwide Co. (NYSE:VAC) by 10.0% during the fourth quarter, Holdings Channel reports. The firm owned 3,522 shares of the company’s stock after selling 391 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Marriott Vacations Worldwide were worth $299,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. EverSource Wealth Advisors LLC increased its position in shares of Marriott Vacations Worldwide by 194.1% during the third quarter. EverSource Wealth Advisors LLC now owns 250 shares of the company’s stock worth $25,000 after purchasing an additional 165 shares in the last quarter. Signaturefd LLC increased its position in Marriott Vacations Worldwide by 342.3% in the 3rd quarter. Signaturefd LLC now owns 1,150 shares of the company’s stock valued at $116,000 after acquiring an additional 890 shares during the period. Covestor Ltd increased its position in Marriott Vacations Worldwide by 62.0% in the 3rd quarter. Covestor Ltd now owns 1,184 shares of the company’s stock valued at $119,000 after acquiring an additional 453 shares during the period. NBC Securities Inc. acquired a new position in Marriott Vacations Worldwide in the 3rd quarter valued at about $132,000. Finally, Quantbot Technologies LP acquired a new position in Marriott Vacations Worldwide in the 3rd quarter valued at about $143,000. Institutional investors and hedge funds own 89.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Truist Financial boosted their price target on Marriott Vacations Worldwide from $149.00 to $159.00 and gave the company a “buy” rating in a research report on Tuesday, March 5th. JMP Securities boosted their price target on Marriott Vacations Worldwide from $105.00 to $115.00 and gave the company a “market outperform” rating in a research report on Monday, February 26th. Mizuho initiated coverage on Marriott Vacations Worldwide in a report on Tuesday, March 26th. They issued a “buy” rating and a $128.00 price objective on the stock. 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 report on Tuesday, January 2nd. Finally, 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 report on Friday, February 23rd. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $109.71.

Marriott Vacations Worldwide Price Performance

Shares of NYSE:VAC opened at $98.89 on Tuesday. The business’s 50 day simple moving average is $96.81 and its 200-day simple moving average is $89.01. The firm has a market capitalization of $3.48 billion, a price-to-earnings ratio of 15.82 and a beta of 1.85. 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 Co. has a 12 month low of $72.78 and a 12 month high of $140.30.

Marriott Vacations Worldwide (NYSE:VAC) last announced 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 business 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 company’s quarterly revenue was up .5% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.74 EPS. As a group, equities analysts forecast that Marriott Vacations Worldwide Co. will post 7.81 earnings per share 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. Stockholders of record on Thursday, February 29th were paid a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a dividend yield of 3.07%. 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 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.