Geode Capital Management LLC Sells 6,514 Shares of Marriott Vacations Worldwide Co. (NYSE:VAC)

Geode Capital Management LLC decreased its stake in shares of Marriott Vacations Worldwide Co. (NYSE:VAC - Free Report) by 1.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 546,034 shares of the company's stock after selling 6,514 shares during the period. Geode Capital Management LLC owned 1.56% of Marriott Vacations Worldwide worth $49,049,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Blue Trust Inc. boosted its stake in Marriott Vacations Worldwide by 130.7% in the fourth quarter. Blue Trust Inc. now owns 533 shares of the company's stock valued at $48,000 after acquiring an additional 302 shares during the last quarter. Norges Bank bought a new stake in Marriott Vacations Worldwide in the fourth quarter valued at about $31,677,000. Sanctuary Advisors LLC acquired a new position in Marriott Vacations Worldwide in the third quarter valued at about $348,000. Fox Run Management L.L.C. acquired a new position in shares of Marriott Vacations Worldwide during the 4th quarter worth about $560,000. Finally, Cibc World Market Inc. boosted its stake in Marriott Vacations Worldwide by 251.3% during the 4th quarter. Cibc World Market Inc. now owns 133,372 shares of the company's stock worth $11,977,000 after acquiring an additional 95,409 shares during the last quarter. Institutional investors and hedge funds own 89.52% of the company's stock.

Marriott Vacations Worldwide Price Performance

Shares of VAC stock traded up $0.44 on Friday, hitting $53.03. 303,842 shares of the company's stock were exchanged, compared to its average volume of 432,944. The company has a 50 day moving average of $69.05 and a 200 day moving average of $80.53. Marriott Vacations Worldwide Co. has a 12 month low of $49.22 and a 12 month high of $103.51. 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 stock has a market cap of $1.83 billion, a P/E ratio of 10.10, a price-to-earnings-growth ratio of 0.67 and a beta of 1.66.

Marriott Vacations Worldwide (NYSE:VAC - Get Free Report) last posted its earnings results on Wednesday, February 26th. The company reported $1.86 EPS for the quarter, topping the consensus estimate 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 net margin of 4.20% and a return on equity of 10.89%. On average, equities research analysts predict that Marriott Vacations Worldwide Co. will post 6.23 EPS for the current year.

Marriott Vacations Worldwide Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th were paid a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a yield of 5.96%. The ex-dividend date of this dividend was Wednesday, March 5th. Marriott Vacations Worldwide's dividend payout ratio (DPR) is currently 56.23%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Mizuho boosted their price target on shares of Marriott Vacations Worldwide from $117.00 to $120.00 and gave the company an "outperform" rating in a report on Tuesday, February 25th. Stifel Nicolaus lowered their target price on shares of Marriott Vacations Worldwide from $112.00 to $108.00 and set a "buy" rating on the stock in a report on Thursday, February 27th. Morgan Stanley started coverage on shares of Marriott Vacations Worldwide in a research note on Monday, January 6th. They issued an "underweight" rating and a $87.00 price target for the company. Barclays lowered their price objective on shares of Marriott Vacations Worldwide from $116.00 to $97.00 and set an "overweight" rating on the stock in a research note on Friday, February 28th. Finally, Truist Financial cut their target price on shares of Marriott Vacations Worldwide from $142.00 to $140.00 and set a "buy" rating for the company in a research note on Friday, March 7th. Two research 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. According to MarketBeat.com, Marriott Vacations Worldwide presently has a consensus rating of "Hold" and a consensus price target of $98.13.

Insider Activity

In other news, insider Stephanie Sobeck Butera acquired 650 shares of Marriott Vacations Worldwide stock in a transaction that occurred on Thursday, March 6th. The stock was bought at an average price of $71.66 per share, with a total value of $46,579.00. Following the completion of the purchase, the insider now owns 8,770 shares in the company, valued at approximately $628,458.20. The trade was a 8.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.60% of the company's stock.

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.