Nisa Investment Advisors LLC Sells 1,329 Shares of Marriott Vacations Worldwide Corporation (NYSE:VAC)

Nisa Investment Advisors LLC decreased its position in Marriott Vacations Worldwide Corporation (NYSE:VAC) by 21.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,908 shares of the company’s stock after selling 1,329 shares during the period. Nisa Investment Advisors LLC’s holdings in Marriott Vacations Worldwide were worth $315,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Fifth Third Bancorp raised its stake in shares of Marriott Vacations Worldwide by 136.5% during the first quarter. Fifth Third Bancorp now owns 395 shares of the company’s stock worth $25,000 after buying an additional 228 shares during the last quarter. True Wealth Design LLC raised its position in shares of Marriott Vacations Worldwide by 35.2% during the 4th quarter. True Wealth Design LLC now owns 595 shares of the company’s stock valued at $53,000 after acquiring an additional 155 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Marriott Vacations Worldwide during the 4th quarter valued at $89,000. Sterling Capital Management LLC raised its position in shares of Marriott Vacations Worldwide by 57.6% during the 4th quarter. Sterling Capital Management LLC now owns 2,092 shares of the company’s stock valued at $188,000 after acquiring an additional 765 shares during the last quarter. Finally, Forum Financial Management LP bought a new stake in shares of Marriott Vacations Worldwide during the 4th quarter valued at $203,000. Institutional investors own 89.52% of the company’s stock.

Analyst Ratings Changes

VAC has been the subject of several recent research reports. Morgan Stanley reiterated an “underweight” rating on shares of Marriott Vacations Worldwide in a research report on Tuesday. Barclays dropped their target price on shares of Marriott Vacations Worldwide from $97.00 to $88.00 and set an “overweight” rating for the company in a research report on Monday, May 12th. The Goldman Sachs Group upped their target price on shares of Marriott Vacations Worldwide from $48.00 to $55.00 and gave the company a “sell” rating in a research report on Friday, May 9th. Finally, Mizuho lowered their target price on shares of Marriott Vacations Worldwide from $112.00 to $105.00 and set an “outperform” rating for the company in a research note on Friday, May 9th. Two analysts have rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, Marriott Vacations Worldwide currently has an average rating of “Hold” and an average target price of $92.25.

Insider Buying and Selling at Marriott Vacations Worldwide

In related news, Director Christian Asmar purchased 412,449 shares of Marriott Vacations Worldwide stock in a transaction dated Tuesday, June 17th. The stock was bought at an average price of $67.61 per share, for a total transaction of $27,885,676.89. Following the completion of the acquisition, the director directly owned 3,708,433 shares of the company’s stock, valued at $250,727,155.13. This represents a 12.51% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.60% of the stock is owned by company insiders.

Marriott Vacations Worldwide Stock Down 0.1%

Shares of NYSE:VAC opened at $80.30 on Thursday. Marriott Vacations Worldwide Corporation has a 52 week low of $49.22 and a 52 week high of $100.32. The company has a debt-to-equity ratio of 2.18, a quick ratio of 2.58 and a current ratio of 3.16. The company has a market capitalization of $2.77 billion, a PE ratio of 13.70, a PEG ratio of 1.77 and a beta of 1.48. The company has a 50 day moving average price of $71.25 and a two-hundred day moving average price of $72.20.

Marriott Vacations Worldwide (NYSE:VAC) last released its quarterly earnings results on Wednesday, May 7th. The company reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.56 by $0.10. The company had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.21 billion. Marriott Vacations Worldwide had a net margin of 4.57% and a return on equity of 10.43%. The business’s quarterly revenue was up .4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.80 earnings per share. Analysts forecast that Marriott Vacations Worldwide Corporation will post 6.23 earnings per share for the current year.

Marriott Vacations Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 23rd were issued a $0.79 dividend. This represents a $3.16 annualized dividend and a dividend yield of 3.94%. The ex-dividend date was Friday, May 23rd. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is presently 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.