HighTower Advisors LLC Has $11.72 Million Stock Holdings in Marriott Vacations Worldwide Co. (NYSE:VAC)

HighTower Advisors LLC cut its position in Marriott Vacations Worldwide Co. (NYSE:VAC - Free Report) by 4.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 130,507 shares of the company's stock after selling 6,320 shares during the quarter. HighTower Advisors LLC owned 0.37% of Marriott Vacations Worldwide worth $11,720,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. True Wealth Design LLC acquired a new position in Marriott Vacations Worldwide during the 3rd quarter worth approximately $32,000. Blue Trust Inc. increased its position in Marriott Vacations Worldwide by 130.7% during the 4th quarter. Blue Trust Inc. now owns 533 shares of the company's stock worth $48,000 after purchasing an additional 302 shares in the last quarter. Brown Lisle Cummings Inc. acquired a new position in Marriott Vacations Worldwide during the 4th quarter worth approximately $50,000. Quarry LP increased its position in Marriott Vacations Worldwide by 81.6% during the 3rd quarter. Quarry LP now owns 808 shares of the company's stock worth $59,000 after purchasing an additional 363 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in Marriott Vacations Worldwide during the 3rd quarter worth approximately $97,000. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on VAC shares. Truist Financial lowered their price objective on shares of Marriott Vacations Worldwide from $142.00 to $140.00 and set a "buy" rating for the company in a research report on Friday, March 7th. Stifel Nicolaus reduced 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 began coverage on shares of Marriott Vacations Worldwide in a report on Monday, January 6th. They set an "underweight" rating and a $87.00 target price on the stock. The Goldman Sachs Group boosted their target price on shares of Marriott Vacations Worldwide from $70.00 to $85.00 and gave the stock a "sell" rating in a report on Tuesday, December 10th. Finally, Barclays reduced their target price on shares of Marriott Vacations Worldwide from $116.00 to $97.00 and set an "overweight" rating on the stock in a report on Friday, February 28th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $102.75.

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Insider Buying and Selling

In related news, insider Stephanie Sobeck Butera bought 650 shares of the business's stock in a transaction that occurred on Thursday, March 6th. The shares were acquired at an average cost of $71.66 per share, with a total value of $46,579.00. Following the completion of the purchase, the insider now directly owns 8,770 shares in the company, valued at $628,458.20. The trade was a 8.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.70% of the stock is owned by insiders.

Marriott Vacations Worldwide Trading Down 1.7 %

Shares of NYSE:VAC traded down $1.13 during trading on Thursday, reaching $66.67. The stock had a trading volume of 388,610 shares, compared to its average volume of 418,437. The firm's fifty day moving average is $81.28 and its 200 day moving average is $82.88. The company has a debt-to-equity ratio of 2.19, a quick ratio of 2.86 and a current ratio of 3.53. Marriott Vacations Worldwide Co. has a 52 week low of $65.43 and a 52 week high of $108.57. The stock has a market cap of $2.33 billion, a price-to-earnings ratio of 12.70, a P/E/G ratio of 0.67 and a beta of 1.83.

Marriott Vacations Worldwide (NYSE:VAC - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The company reported $1.86 EPS for the quarter, beating analysts' consensus estimates of $1.51 by $0.35. Marriott Vacations Worldwide had a net margin of 4.20% and a return on equity of 10.89%. The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.24 billion. As a group, equities analysts forecast that Marriott Vacations Worldwide Co. will post 6.23 EPS for the current fiscal year.

Marriott Vacations Worldwide Announces Dividend

The business also recently announced 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 annualized dividend and a yield of 4.74%. The ex-dividend date of this dividend was Wednesday, March 5th. Marriott Vacations Worldwide's dividend payout ratio is presently 56.23%.

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.