Marriott Vacations Worldwide Co. (NYSE:VAC) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. cut its holdings in Marriott Vacations Worldwide Co. (NYSE:VAC - Free Report) by 79.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,563 shares of the company's stock after selling 5,920 shares during the period. Federated Hermes Inc.'s holdings in Marriott Vacations Worldwide were worth $140,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Pacer Advisors Inc. grew its holdings in Marriott Vacations Worldwide by 2.7% during the 4th quarter. Pacer Advisors Inc. now owns 6,404 shares of the company's stock valued at $575,000 after buying an additional 166 shares in the last quarter. Stifel Financial Corp grew its holdings in shares of Marriott Vacations Worldwide by 3.4% in the third quarter. Stifel Financial Corp now owns 5,596 shares of the company's stock valued at $411,000 after purchasing an additional 184 shares in the last quarter. Xponance Inc. grew its holdings in shares of Marriott Vacations Worldwide by 6.2% in the fourth quarter. Xponance Inc. now owns 3,809 shares of the company's stock valued at $342,000 after purchasing an additional 221 shares in the last quarter. Blue Trust Inc. increased its position in Marriott Vacations Worldwide by 130.7% in the fourth quarter. Blue Trust Inc. now owns 533 shares of the company's stock worth $48,000 after purchasing an additional 302 shares during the last quarter. Finally, Venturi Wealth Management LLC raised its stake in Marriott Vacations Worldwide by 40.7% during the fourth quarter. Venturi Wealth Management LLC now owns 1,572 shares of the company's stock valued at $141,000 after purchasing an additional 455 shares in the last quarter. 89.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

VAC has been the topic of a number of research reports. Mizuho boosted their target price on shares of Marriott Vacations Worldwide from $117.00 to $120.00 and gave the stock an "outperform" rating in a report on Tuesday, February 25th. Morgan Stanley upgraded Marriott Vacations Worldwide from an "underweight" rating to an "equal weight" rating and decreased their price target for the company from $67.00 to $57.00 in a report on Tuesday. Stifel Nicolaus dropped their price objective on shares of Marriott Vacations Worldwide from $112.00 to $108.00 and set a "buy" rating for the company in a research note on Thursday, February 27th. The Goldman Sachs Group reduced their target price on shares of Marriott Vacations Worldwide from $78.00 to $48.00 and set a "sell" rating on the stock in a research note on Monday, April 14th. Finally, Truist Financial cut their price target on shares of Marriott Vacations Worldwide from $142.00 to $140.00 and set a "buy" rating on the stock in a report on Friday, March 7th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $94.38.

Insider Activity at Marriott Vacations Worldwide

In related news, insider Stephanie Sobeck Butera acquired 650 shares of the company's stock in a transaction that occurred on Thursday, March 6th. The shares were bought at an average price of $71.66 per share, with a total value of $46,579.00. Following the completion of the transaction, the insider now directly owns 8,770 shares in the company, valued at $628,458.20. This trade represents a 8.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.60% of the stock is currently owned by corporate insiders.

Marriott Vacations Worldwide Trading Up 2.0 %

NYSE:VAC traded up $1.09 during midday trading on Thursday, hitting $54.15. The stock had a trading volume of 780,585 shares, compared to its average volume of 528,441. The stock has a 50-day moving average of $66.50 and a 200 day moving average of $79.94. The company has a market capitalization of $1.87 billion, a price-to-earnings ratio of 10.31, a PEG ratio of 0.67 and a beta of 1.66. Marriott Vacations Worldwide Co. has a one year low of $49.22 and a one year high of $103.51. The company has a quick ratio of 2.86, a current ratio of 3.53 and a debt-to-equity ratio of 2.19.

Marriott Vacations Worldwide (NYSE:VAC - Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The company reported $1.86 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.51 by $0.35. The business had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.24 billion. Marriott Vacations Worldwide had a return on equity of 10.89% and a net margin of 4.20%. As a group, sell-side analysts forecast that Marriott Vacations Worldwide Co. 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 Wednesday, March 19th. Stockholders of record on Wednesday, March 5th were paid a dividend of $0.79 per share. The ex-dividend date was Wednesday, March 5th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 5.84%. Marriott Vacations Worldwide's dividend payout ratio is presently 56.23%.

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.