Yousif Capital Management LLC Sells 338 Shares of Marriott Vacations Worldwide Co. (NYSE:VAC)

Yousif Capital Management LLC lessened its holdings in shares of Marriott Vacations Worldwide Co. (NYSE:VAC) by 2.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 15,483 shares of the company’s stock after selling 338 shares during the period. Yousif Capital Management LLC’s holdings in Marriott Vacations Worldwide were worth $1,314,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Inspire Investing LLC lifted its position in Marriott Vacations Worldwide by 19.1% during the 3rd quarter. Inspire Investing LLC now owns 3,053 shares of the company’s stock valued at $307,000 after acquiring an additional 490 shares during the period. ING Groep NV purchased a new position in shares of Marriott Vacations Worldwide during the third quarter valued at approximately $1,157,000. Allspring Global Investments Holdings LLC boosted its position in shares of Marriott Vacations Worldwide by 1,075.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,763 shares of the company’s stock worth $278,000 after purchasing an additional 2,528 shares in the last quarter. Malaga Cove Capital LLC bought a new stake in shares of Marriott Vacations Worldwide in the 3rd quarter worth approximately $224,000. Finally, Coldstream Capital Management Inc. grew its stake in shares of Marriott Vacations Worldwide by 12.0% in the 3rd quarter. Coldstream Capital Management Inc. now owns 2,563 shares of the company’s stock worth $258,000 after buying an additional 274 shares during the last quarter. Institutional investors own 89.52% of the company’s stock.

Marriott Vacations Worldwide Stock Performance

Shares of VAC stock opened at $97.18 on Friday. The company has a quick ratio of 2.64, a current ratio of 3.15 and a debt-to-equity ratio of 2.16. The company has a 50 day moving average price of $98.78 and a 200-day moving average price of $89.31. Marriott Vacations Worldwide Co. has a 52 week low of $72.78 and a 52 week high of $137.20. The firm has a market capitalization of $3.42 billion, a PE ratio of 15.65 and a beta of 1.85.

Marriott Vacations Worldwide (NYSE:VAC) last posted its earnings results on Wednesday, February 21st. The company reported $1.88 EPS for the quarter, topping analysts’ consensus estimates of $1.80 by $0.08. The business had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.15 billion. Marriott Vacations Worldwide had a net margin of 5.37% and a return on equity of 13.21%. The firm’s revenue was up .5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.74 EPS. As a group, equities research analysts expect that Marriott Vacations Worldwide Co. will post 7.8 earnings per share for the current year.

Marriott Vacations Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 14th. Investors of record on Thursday, February 29th were given a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date was Wednesday, February 28th. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is presently 48.64%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Truist Financial lifted their price objective on Marriott Vacations Worldwide from $149.00 to $159.00 and gave the company a “buy” rating in a research note on Tuesday, March 5th. Mizuho assumed coverage on shares of Marriott Vacations Worldwide in a research report on Tuesday, March 26th. They set a “buy” rating and a $128.00 price objective on the stock. Barclays raised their price objective on shares of 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. JPMorgan Chase & Co. upped their target price on shares of Marriott Vacations Worldwide from $93.00 to $107.00 and gave the stock a “neutral” rating in a research note on Friday, February 23rd. Finally, JMP Securities raised their price target on shares of 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. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $109.71.

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.