Rhumbline Advisers Reduces Stake in Marriott Vacations Worldwide Corporation $VAC

Rhumbline Advisers reduced its stake in shares of Marriott Vacations Worldwide Corporation (NYSE:VAC) by 11.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 100,151 shares of the company’s stock after selling 12,862 shares during the quarter. Rhumbline Advisers owned about 0.29% of Marriott Vacations Worldwide worth $6,666,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Nisa Investment Advisors LLC boosted its holdings in shares of Marriott Vacations Worldwide by 2.8% in the 2nd quarter. Nisa Investment Advisors LLC now owns 5,047 shares of the company’s stock worth $365,000 after purchasing an additional 139 shares during the period. Assetmark Inc. boosted its stake in Marriott Vacations Worldwide by 90.6% during the second quarter. Assetmark Inc. now owns 427 shares of the company’s stock worth $31,000 after buying an additional 203 shares during the period. Allworth Financial LP increased its position in Marriott Vacations Worldwide by 79.8% during the second quarter. Allworth Financial LP now owns 473 shares of the company’s stock valued at $34,000 after acquiring an additional 210 shares during the last quarter. Spire Wealth Management raised its stake in shares of Marriott Vacations Worldwide by 21.8% in the third quarter. Spire Wealth Management now owns 1,335 shares of the company’s stock valued at $89,000 after acquiring an additional 239 shares during the period. Finally, Blue Trust Inc. lifted its holdings in shares of Marriott Vacations Worldwide by 37.1% in the 3rd quarter. Blue Trust Inc. now owns 950 shares of the company’s stock worth $63,000 after acquiring an additional 257 shares during the last quarter. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Marriott Vacations Worldwide Stock Performance

Marriott Vacations Worldwide stock opened at $58.94 on Monday. The company has a debt-to-equity ratio of 2.29, a quick ratio of 3.22 and a current ratio of 3.87. The company has a market capitalization of $2.04 billion, a PE ratio of 13.21, a P/E/G ratio of 1.46 and a beta of 1.33. The company has a 50 day moving average price of $58.03 and a 200-day moving average price of $63.26. Marriott Vacations Worldwide Corporation has a fifty-two week low of $44.58 and a fifty-two week high of $88.80.

Marriott Vacations Worldwide Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 18th. Shareholders of record on Wednesday, March 4th will be issued a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 5.4%. The ex-dividend date is Wednesday, March 4th. Marriott Vacations Worldwide’s dividend payout ratio is currently 71.75%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on VAC. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Marriott Vacations Worldwide in a research note on Monday, December 29th. The Goldman Sachs Group dropped their target price on Marriott Vacations Worldwide from $63.00 to $54.00 and set a “sell” rating for the company in a research report on Tuesday, November 11th. Zacks Research raised Marriott Vacations Worldwide from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 18th. Citizens Jmp decreased their price target on Marriott Vacations Worldwide from $115.00 to $60.00 and set a “market outperform” rating for the company in a research note on Friday, November 7th. Finally, Truist Financial dropped their price objective on Marriott Vacations Worldwide from $127.00 to $81.00 and set a “buy” rating for the company in a report on Friday, November 14th. Four investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $61.13.

Insider Activity

In other news, Director Jonice M. Gray purchased 1,100 shares of the business’s stock in a transaction dated Tuesday, November 25th. The shares were purchased at an average price of $54.47 per share, for a total transaction of $59,917.00. Following the completion of the purchase, the director owned 13,205 shares in the company, valued at approximately $719,276.35. This represents a 9.09% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Over the last 90 days, insiders acquired 1,209 shares of company stock worth $66,578. 1.60% of the stock is currently owned by corporate insiders.

Marriott Vacations Worldwide Profile

Marriott Vacations Worldwide Corporation, headquartered in Orlando, Florida, specializes in the development, marketing and management of vacation ownership resorts and related products. Originally launched as a division of Marriott International in 1984, the company became a separate publicly traded entity in 2011. Since then, it has expanded its offerings through both organic growth and strategic acquisitions, establishing itself as a leading provider in the global timeshare industry.

The company’s core business activities include selling vacation ownership interests, managing a growing portfolio of branded resorts and operating a loyalty program that allows members to exchange or use points at affiliated properties.