Principal Financial Group Inc. Raises Stock Holdings in Marriott Vacations Worldwide Co. (NYSE:VAC)

Principal Financial Group Inc. lifted its position in Marriott Vacations Worldwide Co. (NYSE:VAC - Free Report) by 2.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,181,961 shares of the company's stock after acquiring an additional 23,380 shares during the period. Principal Financial Group Inc. owned 3.39% of Marriott Vacations Worldwide worth $106,140,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Hotchkis & Wiley Capital Management LLC lifted its position in Marriott Vacations Worldwide by 18.0% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 1,102,774 shares of the company's stock valued at $81,032,000 after purchasing an additional 168,130 shares during the period. Victory Capital Management Inc. lifted its holdings in shares of Marriott Vacations Worldwide by 0.5% in the 3rd quarter. Victory Capital Management Inc. now owns 767,818 shares of the company's stock valued at $56,419,000 after buying an additional 3,983 shares during the period. New South Capital Management Inc. lifted its holdings in shares of Marriott Vacations Worldwide by 6.6% in the 3rd quarter. New South Capital Management Inc. now owns 364,394 shares of the company's stock valued at $26,776,000 after buying an additional 22,672 shares during the period. International Assets Investment Management LLC purchased a new stake in shares of Marriott Vacations Worldwide in the third quarter worth about $14,983,000. Finally, Pathstone Holdings LLC grew its holdings in Marriott Vacations Worldwide by 3.6% during the third quarter. Pathstone Holdings LLC now owns 153,860 shares of the company's stock worth $11,306,000 after acquiring an additional 5,391 shares during the period. Hedge funds and other institutional investors own 89.52% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on VAC shares. Mizuho boosted their price target on Marriott Vacations Worldwide from $110.00 to $117.00 and gave the company an "outperform" rating in a report on Tuesday, November 12th. StockNews.com upgraded shares of Marriott Vacations Worldwide from a "sell" rating to a "hold" rating in a research report on Friday, November 8th. Stifel Nicolaus upped their price objective on shares of Marriott Vacations Worldwide from $102.00 to $112.00 and gave the stock a "buy" rating in a research report on Tuesday, November 26th. Morgan Stanley assumed coverage on 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. Finally, The Goldman Sachs Group increased their price target on Marriott Vacations Worldwide from $70.00 to $85.00 and gave the stock a "sell" rating in a research report on Tuesday, December 10th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat, Marriott Vacations Worldwide presently has an average rating of "Hold" and an average target price of $105.67.

Marriott Vacations Worldwide Price Performance

VAC traded down $3.51 on Friday, reaching $84.41. 949,861 shares of the company's stock were exchanged, compared to its average volume of 374,763. Marriott Vacations Worldwide Co. has a twelve month low of $67.28 and a twelve month high of $108.57. The stock has a market cap of $2.95 billion, a PE ratio of 16.08, a P/E/G ratio of 0.69 and a beta of 1.83. 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's fifty day moving average price is $87.46 and its 200-day moving average price is $82.60.

Marriott Vacations Worldwide Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th will be given a $0.79 dividend. The ex-dividend date is Wednesday, March 5th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 3.74%. Marriott Vacations Worldwide's dividend payout ratio (DPR) is presently 60.19%.

Marriott Vacations Worldwide 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.