New York State Teachers Retirement System Has $3.86 Million Stake in Marriott Vacations Worldwide Co. (NYSE:VAC)

New York State Teachers Retirement System cut its position in shares of Marriott Vacations Worldwide Co. (NYSE:VAC - Free Report) by 6.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 42,955 shares of the company's stock after selling 3,200 shares during the quarter. New York State Teachers Retirement System owned approximately 0.12% of Marriott Vacations Worldwide worth $3,857,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Verity Asset Management Inc. grew its holdings in shares of Marriott Vacations Worldwide by 3.1% during the third quarter. Verity Asset Management Inc. now owns 4,303 shares of the company's stock worth $316,000 after buying an additional 131 shares in the last quarter. Pacer Advisors Inc. lifted its position in Marriott Vacations Worldwide by 2.7% during the fourth quarter. Pacer Advisors Inc. now owns 6,404 shares of the company's stock valued at $575,000 after buying an additional 166 shares in the last quarter. Stifel Financial Corp lifted its position in Marriott Vacations Worldwide by 3.4% during the third quarter. Stifel Financial Corp now owns 5,596 shares of the company's stock valued at $411,000 after buying an additional 184 shares in the last quarter. Blue Trust Inc. lifted its position in Marriott Vacations Worldwide by 130.7% during the fourth quarter. Blue Trust Inc. now owns 533 shares of the company's stock valued at $48,000 after buying an additional 302 shares in the last quarter. Finally, Covestor Ltd lifted its position in Marriott Vacations Worldwide by 32.3% during the third quarter. Covestor Ltd now owns 1,372 shares of the company's stock valued at $101,000 after buying an additional 335 shares in the last quarter. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Marriott Vacations Worldwide Price Performance

NYSE VAC traded down $3.51 on Friday, reaching $84.41. The company's stock had a trading volume of 949,861 shares, 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 company has a debt-to-equity ratio of 2.19, a quick ratio of 2.86 and a current ratio of 3.53. The stock has a market cap of $2.95 billion, a PE ratio of 16.08, a PEG ratio of 0.69 and a beta of 1.83. The firm's 50 day moving average is $87.46 and its two-hundred day moving average is $82.60.

Marriott Vacations Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th will be paid a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a yield of 3.74%. The ex-dividend date is Wednesday, March 5th. Marriott Vacations Worldwide's dividend payout ratio is presently 60.19%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Truist Financial lifted their price target on shares of Marriott Vacations Worldwide from $139.00 to $142.00 and gave the company a "buy" rating in a research report on Tuesday, November 26th. Stifel Nicolaus lifted their price target on shares of Marriott Vacations Worldwide from $102.00 to $112.00 and gave the company a "buy" rating in a research report on Tuesday, November 26th. Mizuho boosted 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 report on Tuesday, November 12th. The Goldman Sachs Group lifted their price target on shares of Marriott Vacations Worldwide from $70.00 to $85.00 and gave the stock a "sell" rating in a research note on Tuesday, December 10th. Finally, Barclays upgraded shares of Marriott Vacations Worldwide from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $97.00 to $116.00 in a research report on Friday, December 13th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $105.67.

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.