Mutual of America Capital Management LLC Decreases Stock Position in Marriott Vacations Worldwide Co. (NYSE:VAC)

Mutual of America Capital Management LLC trimmed its stake in shares of Marriott Vacations Worldwide Co. (NYSE:VAC) by 71.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,432 shares of the company’s stock after selling 44,001 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Marriott Vacations Worldwide were worth $1,281,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of VAC. Quarry LP increased its stake in shares of Marriott Vacations Worldwide by 368.4% during the second quarter. Quarry LP now owns 445 shares of the company’s stock worth $39,000 after buying an additional 350 shares during the period. Capital Performance Advisors LLP purchased a new stake in shares of Marriott Vacations Worldwide in the 3rd quarter valued at approximately $39,000. Allspring Global Investments Holdings LLC increased its position in shares of Marriott Vacations Worldwide by 128.0% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 652 shares of the company’s stock valued at $57,000 after purchasing an additional 366 shares during the last quarter. Innealta Capital LLC acquired a new stake in shares of Marriott Vacations Worldwide in the 2nd quarter valued at $90,000. Finally, Venturi Wealth Management LLC lifted its position in shares of Marriott Vacations Worldwide by 6,881.3% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,117 shares of the company’s stock worth $82,000 after purchasing an additional 1,101 shares during the last quarter. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. StockNews.com upgraded Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. Mizuho boosted their target price on Marriott Vacations Worldwide from $110.00 to $117.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. JMP Securities dropped their price target on shares of Marriott Vacations Worldwide from $115.00 to $90.00 and set a “market outperform” rating on the stock in a research note on Friday, August 2nd. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Marriott Vacations Worldwide from $121.00 to $95.00 and set a “buy” rating on the stock in a report on Tuesday, August 6th. Finally, Stifel Nicolaus lowered their target price on shares of Marriott Vacations Worldwide from $108.00 to $96.50 and set a “buy” rating for the company in a report on Friday, September 13th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Marriott Vacations Worldwide has a consensus rating of “Hold” and a consensus target price of $101.72.

Insider Activity

In other news, insider Jason P. Marino bought 700 shares of the stock in a transaction dated Wednesday, September 11th. The shares were acquired at an average price of $69.00 per share, with a total value of $48,300.00. Following the completion of the acquisition, the insider now directly owns 15,851 shares in the company, valued at approximately $1,093,719. The trade was a 4.62 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.70% of the company’s stock.

Marriott Vacations Worldwide Stock Up 4.7 %

VAC stock opened at $98.50 on Tuesday. Marriott Vacations Worldwide Co. has a 12 month low of $67.28 and a 12 month high of $108.57. The company has a debt-to-equity ratio of 2.19, a current ratio of 3.53 and a quick ratio of 2.86. The company has a market cap of $3.44 billion, a price-to-earnings ratio of 18.76, a price-to-earnings-growth ratio of 0.85 and a beta of 1.79. The company has a fifty day moving average price of $80.67 and a 200 day moving average price of $82.04.

Marriott Vacations Worldwide Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Thursday, September 19th were paid a $0.76 dividend. The ex-dividend date of this dividend was Thursday, September 19th. This represents a $3.04 annualized dividend and a dividend yield of 3.09%. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is currently 57.90%.

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.