New York State Teachers Retirement System Trims Stock Position in Marriott Vacations Worldwide Corporation (NYSE:VAC)

New York State Teachers Retirement System lessened its holdings in Marriott Vacations Worldwide Corporation (NYSE:VAC) by 6.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 40,254 shares of the company’s stock after selling 2,701 shares during the period. New York State Teachers Retirement System owned 0.12% of Marriott Vacations Worldwide worth $2,586,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Dimensional Fund Advisors LP lifted its holdings in shares of Marriott Vacations Worldwide by 6.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,883,197 shares of the company’s stock valued at $169,110,000 after purchasing an additional 116,854 shares in the last quarter. Fuller & Thaler Asset Management Inc. lifted its holdings in shares of Marriott Vacations Worldwide by 5.7% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 1,378,561 shares of the company’s stock valued at $123,795,000 after purchasing an additional 74,956 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its holdings in shares of Marriott Vacations Worldwide by 0.9% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 778,684 shares of the company’s stock valued at $69,926,000 after purchasing an additional 7,046 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of Marriott Vacations Worldwide by 47.2% in the fourth quarter. AQR Capital Management LLC now owns 765,480 shares of the company’s stock valued at $68,510,000 after purchasing an additional 245,427 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in shares of Marriott Vacations Worldwide by 45.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 475,938 shares of the company’s stock valued at $42,739,000 after purchasing an additional 148,457 shares in the last quarter. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Insider Activity

In other Marriott Vacations Worldwide news, Director Christian Asmar acquired 337,551 shares of the company’s stock in a transaction dated Wednesday, June 18th. The stock was bought at an average price of $68.11 per share, with a total value of $22,990,598.61. Following the completion of the transaction, the director directly owned 4,045,984 shares of the company’s stock, valued at approximately $275,571,970.24. The trade was a 9.10% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.60% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on VAC shares. Morgan Stanley raised shares of Marriott Vacations Worldwide from an “underweight” rating to an “equal weight” rating and reduced their price objective for the company from $67.00 to $57.00 in a research note on Tuesday, April 22nd. Barclays reduced their price objective on shares of Marriott Vacations Worldwide from $97.00 to $88.00 and set an “overweight” rating on the stock in a research note on Monday, May 12th. Mizuho reduced their price objective on shares of Marriott Vacations Worldwide from $112.00 to $105.00 and set an “outperform” rating on the stock in a research note on Friday, May 9th. Finally, The Goldman Sachs Group upped their price objective on shares of Marriott Vacations Worldwide from $48.00 to $55.00 and gave the company a “sell” rating in a research note on Friday, May 9th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Marriott Vacations Worldwide currently has an average rating of “Moderate Buy” and a consensus target price of $92.25.

Marriott Vacations Worldwide Stock Performance

NYSE:VAC opened at $79.29 on Tuesday. The company has a quick ratio of 2.58, a current ratio of 3.16 and a debt-to-equity ratio of 2.18. The company has a market cap of $2.74 billion, a P/E ratio of 13.53, a P/E/G ratio of 1.76 and a beta of 1.48. Marriott Vacations Worldwide Corporation has a fifty-two week low of $49.22 and a fifty-two week high of $100.32. The firm’s 50 day moving average is $67.83 and its two-hundred day moving average is $72.39.

Marriott Vacations Worldwide (NYSE:VAC) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $1.66 earnings per share for the quarter, topping analysts’ consensus estimates of $1.56 by $0.10. Marriott Vacations Worldwide had a net margin of 4.57% and a return on equity of 10.43%. The company had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter last year, the firm posted $1.80 earnings per share. Marriott Vacations Worldwide’s revenue was up .4% on a year-over-year basis. Analysts expect that Marriott Vacations Worldwide Corporation will post 6.23 EPS for the current year.

Marriott Vacations Worldwide Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 23rd were given a $0.79 dividend. This represents a $3.16 annualized dividend and a dividend yield of 3.99%. The ex-dividend date was Friday, May 23rd. Marriott Vacations Worldwide’s payout ratio is currently 53.92%.

About Marriott Vacations Worldwide

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.