Amalgamated Bank Has $1.14 Million Stake in Marriott Vacations Worldwide Co. (NYSE:VAC)

Amalgamated Bank cut its position in shares of Marriott Vacations Worldwide Co. (NYSE:VAC - Free Report) by 25.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,469 shares of the company's stock after selling 5,412 shares during the period. Amalgamated Bank's holdings in Marriott Vacations Worldwide were worth $1,137,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Harbor Capital Advisors Inc. increased its position in Marriott Vacations Worldwide by 160.0% during the third quarter. Harbor Capital Advisors Inc. now owns 66,185 shares of the company's stock worth $4,863,000 after buying an additional 40,728 shares during the last quarter. Pallas Capital Advisors LLC increased its holdings in shares of Marriott Vacations Worldwide by 2.8% during the 3rd quarter. Pallas Capital Advisors LLC now owns 35,285 shares of the company's stock worth $2,706,000 after acquiring an additional 968 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in Marriott Vacations Worldwide by 53.4% in the 3rd quarter. Nisa Investment Advisors LLC now owns 8,933 shares of the company's stock valued at $663,000 after acquiring an additional 3,110 shares during the period. Semanteon Capital Management LP acquired a new stake in Marriott Vacations Worldwide during the 3rd quarter valued at $236,000. Finally, J.W. Cole Advisors Inc. bought a new position in Marriott Vacations Worldwide during the third quarter worth $225,000. 89.52% of the stock is owned by institutional investors.

Insider Activity at Marriott Vacations Worldwide

In related news, insider Jason P. Marino purchased 700 shares of the firm's stock in a transaction that occurred on Wednesday, September 11th. The shares were bought at an average cost of $69.00 per share, with a total value of $48,300.00. Following the acquisition, the insider now owns 15,851 shares of the company's stock, valued at $1,093,719. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.70% of the stock is currently owned by insiders.

Marriott Vacations Worldwide Price Performance

VAC stock traded up $0.03 during midday trading on Thursday, reaching $92.73. The company had a trading volume of 178,199 shares, compared to its average volume of 463,253. The company has a market capitalization of $3.24 billion, a price-to-earnings ratio of 17.79, a price-to-earnings-growth ratio of 0.85 and a beta of 1.79. The company has a debt-to-equity ratio of 2.19, a current ratio of 3.53 and a quick ratio of 2.86. Marriott Vacations Worldwide Co. has a 1-year low of $67.28 and a 1-year high of $108.57. The stock has a 50 day moving average price of $77.30 and a 200-day moving average price of $82.43.

Marriott Vacations Worldwide Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Thursday, September 19th were paid a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a yield of 3.28%. The ex-dividend date was Thursday, September 19th. Marriott Vacations Worldwide's payout ratio is presently 57.90%.

Analyst Upgrades and Downgrades

VAC has been the subject of a number of research reports. Mizuho raised their target price on shares of Marriott Vacations Worldwide from $110.00 to $117.00 and gave the stock an "outperform" rating in a research note on Tuesday. Truist Financial cut their price objective on shares of Marriott Vacations Worldwide from $161.00 to $159.00 and set a "buy" rating for the company in a research report on Friday, July 19th. Barclays upped their target price on Marriott Vacations Worldwide from $74.00 to $97.00 and gave the company an "equal weight" rating in a research report on Friday, November 8th. Deutsche Bank Aktiengesellschaft dropped their price target on Marriott Vacations Worldwide from $121.00 to $95.00 and set a "buy" rating for the company in a report on Tuesday, August 6th. Finally, JMP Securities decreased their price objective on Marriott Vacations Worldwide from $115.00 to $90.00 and set a "market outperform" rating on the stock in a report on Friday, August 2nd. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Marriott Vacations Worldwide currently has an average rating of "Hold" and a consensus price target of $98.05.

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.