New South Capital Management Inc. Has $33.04 Million Stock Position in Marriott Vacations Worldwide Co. (NYSE:VAC)

New South Capital Management Inc. lifted its holdings in Marriott Vacations Worldwide Co. (NYSE:VAC - Free Report) by 1.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 367,974 shares of the company's stock after acquiring an additional 3,580 shares during the period. Marriott Vacations Worldwide makes up approximately 1.4% of New South Capital Management Inc.'s investment portfolio, making the stock its 27th largest position. New South Capital Management Inc. owned about 1.05% of Marriott Vacations Worldwide worth $33,044,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Principal Financial Group Inc. grew its position in shares of Marriott Vacations Worldwide by 2.0% during the 4th quarter. Principal Financial Group Inc. now owns 1,181,961 shares of the company's stock worth $106,140,000 after purchasing an additional 23,380 shares in the last quarter. Hotchkis & Wiley Capital Management LLC grew 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 worth $81,032,000 after buying an additional 168,130 shares in the last quarter. Victory Capital Management Inc. increased its stake in Marriott Vacations Worldwide by 0.5% during the 3rd quarter. Victory Capital Management Inc. now owns 767,818 shares of the company's stock worth $56,419,000 after acquiring an additional 3,983 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Marriott Vacations Worldwide by 2.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 255,947 shares of the company's stock valued at $22,984,000 after acquiring an additional 6,516 shares in the last quarter. Finally, Pathstone Holdings LLC lifted its position in shares of Marriott Vacations Worldwide by 3.6% during the 3rd quarter. Pathstone Holdings LLC now owns 153,860 shares of the company's stock valued at $11,306,000 after acquiring an additional 5,391 shares during the period. 89.52% of the stock is owned by institutional investors.

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Insider Activity

In related news, insider Stephanie Sobeck Butera acquired 650 shares of the firm's stock in a transaction that occurred on Thursday, March 6th. The stock was 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 directly owns 8,770 shares of the company's stock, valued at approximately $628,458.20. This trade represents a 8.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.70% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on VAC shares. The Goldman Sachs Group raised 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. Truist Financial reduced their price objective 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. Morgan Stanley assumed coverage on shares of Marriott Vacations Worldwide in a research report on Monday, January 6th. They issued an "underweight" rating and a $87.00 target price for the company. Barclays reduced their price target on shares of Marriott Vacations Worldwide from $116.00 to $97.00 and set an "overweight" rating on the stock in a research report on Friday, February 28th. Finally, Stifel Nicolaus lowered their price objective 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. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, Marriott Vacations Worldwide presently has an average rating of "Hold" and an average price target of $102.75.

Marriott Vacations Worldwide Price Performance

VAC stock traded up $1.27 during trading on Friday, reaching $72.99. 532,740 shares of the company were exchanged, compared to its average volume of 457,310. The company has a market capitalization of $2.55 billion, a price-to-earnings ratio of 13.90, a P/E/G ratio of 0.67 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 company has a 50-day moving average of $84.44 and a two-hundred day moving average of $83.19. Marriott Vacations Worldwide Co. has a twelve month low of $67.28 and a twelve month high of $108.57.

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

Marriott Vacations Worldwide Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders 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 dividend yield of 4.33%. The ex-dividend date is 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.