Marriott Vacations Worldwide Co. (NYSE:VAC) Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama cut its stake in shares of Marriott Vacations Worldwide Co. (NYSE:VAC) by 54.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 41,369 shares of the company’s stock after selling 49,841 shares during the quarter. Retirement Systems of Alabama’s holdings in Marriott Vacations Worldwide were worth $3,512,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. State of New Jersey Common Pension Fund D grew its holdings in Marriott Vacations Worldwide by 48.7% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 33,528 shares of the company’s stock worth $2,846,000 after acquiring an additional 10,988 shares during the period. Louisiana State Employees Retirement System purchased a new position in Marriott Vacations Worldwide during the fourth quarter worth $789,000. International Assets Investment Management LLC lifted its position in shares of Marriott Vacations Worldwide by 234,864.3% in the fourth quarter. International Assets Investment Management LLC now owns 65,790 shares of the company’s stock valued at $5,585,000 after acquiring an additional 65,762 shares in the last quarter. Prime Capital Investment Advisors LLC acquired a new stake in shares of Marriott Vacations Worldwide during the fourth quarter valued at $313,000. Finally, Oak Thistle LLC acquired a new stake in shares of Marriott Vacations Worldwide during the 4th quarter worth about $733,000. Institutional investors and hedge funds own 89.52% of the company’s stock.

Marriott Vacations Worldwide Price Performance

Shares of VAC stock opened at $99.20 on Wednesday. The firm has a fifty day moving average of $98.98 and a two-hundred day moving average of $89.34. The firm has a market cap of $3.49 billion, a P/E ratio of 15.87 and a beta of 1.85. Marriott Vacations Worldwide Co. has a 1-year low of $72.78 and a 1-year high of $134.09. 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 announced its quarterly earnings data on Monday, May 6th. The company reported $1.80 earnings per share for the quarter, beating the consensus estimate of $1.66 by $0.14. Marriott Vacations Worldwide had a return on equity of 13.21% and a net margin of 5.37%. The firm had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same period in the previous year, the company earned $2.54 earnings per share. Marriott Vacations Worldwide’s quarterly revenue was up 2.2% on a year-over-year basis. As a group, research analysts anticipate that Marriott Vacations Worldwide Co. will post 7.8 earnings per share for the current fiscal year.

Marriott Vacations Worldwide Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 14th. Shareholders of record on Thursday, February 29th were issued a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a yield of 3.06%. The ex-dividend date of this dividend was Wednesday, February 28th. Marriott Vacations Worldwide’s dividend payout ratio is presently 48.64%.

Wall Street Analysts Forecast Growth

Several analysts have commented on VAC shares. Mizuho assumed coverage on shares of Marriott Vacations Worldwide in a research note on Tuesday, March 26th. They issued a “buy” rating and a $128.00 target price for the company. Barclays raised their target price on shares of Marriott Vacations Worldwide from $90.00 to $102.00 and gave the stock an “equal weight” rating in a research report on Friday, February 23rd. JMP Securities upped 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. JPMorgan Chase & Co. upped their price target on 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, Stifel Nicolaus lifted their price objective on Marriott Vacations Worldwide from $115.00 to $117.00 and gave the company a “buy” rating in a research note on Tuesday. Two analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $110.63.

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.