Marriott Vacations Worldwide Co. (NYSE:VAC) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. reduced its holdings in Marriott Vacations Worldwide Co. (NYSE:VAC) by 24.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,269 shares of the company’s stock after selling 716 shares during the quarter. Federated Hermes Inc.’s holdings in Marriott Vacations Worldwide were worth $193,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the business. Louisiana State Employees Retirement System acquired a new stake in shares of Marriott Vacations Worldwide in the 4th quarter valued at approximately $789,000. International Assets Investment Management LLC lifted its holdings in shares of Marriott Vacations Worldwide by 234,864.3% in the 4th quarter. International Assets Investment Management LLC now owns 65,790 shares of the company’s stock valued at $5,585,000 after buying an additional 65,762 shares during the period. Prime Capital Investment Advisors LLC acquired a new stake in shares of Marriott Vacations Worldwide in the 4th quarter valued at approximately $313,000. Oak Thistle LLC acquired a new stake in shares of Marriott Vacations Worldwide in the 4th quarter valued at approximately $733,000. Finally, Pallas Capital Advisors LLC acquired a new stake in shares of Marriott Vacations Worldwide in the 4th quarter valued at approximately $3,920,000. 89.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently commented on VAC shares. Barclays raised their price target on Marriott Vacations Worldwide from $90.00 to $102.00 and gave the company an “equal weight” rating in a report on Friday, February 23rd. JMP Securities lifted their price objective on Marriott Vacations Worldwide from $105.00 to $115.00 and gave the stock a “market outperform” rating in a report on Monday, February 26th. Truist Financial lifted their price objective on Marriott Vacations Worldwide from $149.00 to $159.00 and gave the stock a “buy” rating in a report on Tuesday, March 5th. Mizuho initiated coverage on Marriott Vacations Worldwide in a report on Tuesday, March 26th. They set a “buy” rating and a $128.00 price objective for the company. Finally, JPMorgan Chase & Co. lifted their price objective on Marriott Vacations Worldwide from $93.00 to $107.00 and gave the stock a “neutral” rating in a report on Friday, February 23rd. Two investment 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. According to data from MarketBeat, Marriott Vacations Worldwide has a consensus rating of “Hold” and an average price target of $109.71.

Marriott Vacations Worldwide Stock Performance

NYSE VAC opened at $97.18 on Monday. Marriott Vacations Worldwide Co. has a fifty-two week low of $72.78 and a fifty-two week high of $137.20. The stock has a market cap of $3.42 billion, a price-to-earnings ratio of 15.55 and a beta of 1.85. The business has a fifty day moving average of $98.83 and a 200-day moving average of $89.24. The company has a quick ratio of 2.64, a current ratio of 3.15 and a debt-to-equity ratio of 2.16.

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

Marriott Vacations Worldwide Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 14th. Stockholders of record on Thursday, February 29th were given a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date was Wednesday, February 28th. Marriott Vacations Worldwide’s dividend 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.