Kennedy Capital Management LLC Sells 6,813 Shares of Marriott Vacations Worldwide Co. (NYSE:VAC)

Kennedy Capital Management LLC lessened its stake in shares of Marriott Vacations Worldwide Co. (NYSE:VAC - Free Report) by 10.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 58,223 shares of the company's stock after selling 6,813 shares during the quarter. Kennedy Capital Management LLC owned about 0.17% of Marriott Vacations Worldwide worth $5,228,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

A number of research firms have recently issued reports on VAC. Morgan Stanley initiated coverage on Marriott Vacations Worldwide in a report on Monday, January 6th. They issued an "underweight" rating and a $87.00 target price for the company. Truist Financial decreased 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 research note on Friday, March 7th. Stifel Nicolaus dropped their target price on shares of Marriott Vacations Worldwide from $112.00 to $108.00 and set a "buy" rating for the company in a research report on Thursday, February 27th. Mizuho upped their target price on shares of Marriott Vacations Worldwide from $117.00 to $120.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 25th. Finally, Barclays lowered their target price on shares of Marriott Vacations Worldwide from $116.00 to $97.00 and set an "overweight" rating for the company in a report on Friday, February 28th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $98.13.

Insider Buying and Selling

In other news, insider Stephanie Sobeck Butera bought 650 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were acquired at an average cost of $71.66 per share, for a total transaction of $46,579.00. Following the completion of the acquisition, the insider now owns 8,770 shares in the company, valued at approximately $628,458.20. This represents a 8.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.60% of the stock is currently owned by corporate insiders.

Marriott Vacations Worldwide Stock Up 0.8 %

Shares of NYSE:VAC traded up $0.44 during mid-day trading on Friday, reaching $53.03. 303,842 shares of the stock were exchanged, compared to its average volume of 432,944. The company has a market cap of $1.83 billion, a P/E ratio of 10.10, a P/E/G ratio of 0.67 and a beta of 1.66. The stock's 50 day simple moving average is $69.05 and its 200-day simple moving average is $80.53. 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 Co. has a one year low of $49.22 and a one year high of $103.51.

Marriott Vacations Worldwide (NYSE:VAC - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The company reported $1.86 earnings per share (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 the consensus estimate of $1.24 billion. As a group, equities research analysts predict that Marriott Vacations Worldwide Co. will post 6.23 EPS for the current year.

Marriott Vacations Worldwide Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th were issued a $0.79 dividend. This represents a $3.16 annualized dividend and a dividend yield of 5.96%. The ex-dividend date of this dividend was Wednesday, March 5th. Marriott Vacations Worldwide's payout ratio is 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.