New South Capital Management Inc. Buys 22,672 Shares of Marriott Vacations Worldwide Co. (NYSE:VAC)

New South Capital Management Inc. grew its stake in Marriott Vacations Worldwide Co. (NYSE:VAC - Free Report) by 6.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 364,394 shares of the company's stock after purchasing an additional 22,672 shares during the quarter. New South Capital Management Inc. owned approximately 1.04% of Marriott Vacations Worldwide worth $26,776,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of VAC. Vanguard Group Inc. boosted its holdings in Marriott Vacations Worldwide by 4.6% in the 1st quarter. Vanguard Group Inc. now owns 3,266,238 shares of the company's stock valued at $351,872,000 after purchasing an additional 143,074 shares during the period. Dimensional Fund Advisors LP increased its holdings in Marriott Vacations Worldwide by 14.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,599,789 shares of the company's stock worth $139,687,000 after purchasing an additional 207,938 shares in the last quarter. Impactive Capital LP purchased a new position in shares of Marriott Vacations Worldwide during the first quarter valued at approximately $123,613,000. Burgundy Asset Management Ltd. boosted its position in Marriott Vacations Worldwide by 3.0% in the first quarter. Burgundy Asset Management Ltd. now owns 1,096,286 shares of the company's stock worth $118,103,000 after purchasing an additional 32,218 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its position in shares of Marriott Vacations Worldwide by 20.3% during the 2nd quarter. Victory Capital Management Inc. now owns 763,835 shares of the company's stock valued at $66,698,000 after buying an additional 129,131 shares during the last quarter. Institutional investors own 89.52% of the company's stock.

Marriott Vacations Worldwide Price Performance

Marriott Vacations Worldwide stock traded down $0.28 during mid-day trading on Tuesday, hitting $93.86. 382,660 shares of the company were exchanged, compared to its average volume of 465,444. The company has a quick ratio of 2.72, a current ratio of 3.28 and a debt-to-equity ratio of 1.26. The company has a market capitalization of $3.29 billion, a PE ratio of 17.82, a price-to-earnings-growth ratio of 0.87 and a beta of 1.79. The business has a fifty day moving average of $76.48 and a 200 day moving average of $82.41. Marriott Vacations Worldwide Co. has a 1-year low of $67.28 and a 1-year high of $108.57.

Marriott Vacations Worldwide Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Thursday, September 19th were paid a $0.76 dividend. The ex-dividend date of this dividend was Thursday, September 19th. This represents a $3.04 annualized dividend and a yield of 3.24%. Marriott Vacations Worldwide's payout ratio is currently 57.90%.

Insider Transactions at Marriott Vacations Worldwide

In related news, insider Jason P. Marino acquired 700 shares of the stock in a transaction that occurred on Wednesday, September 11th. The stock was acquired at an average cost of $69.00 per share, for a total transaction of $48,300.00. Following the transaction, the insider now directly owns 15,851 shares in the company, valued at $1,093,719. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.70% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on VAC shares. Deutsche Bank Aktiengesellschaft dropped their price objective 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. Stifel Nicolaus lowered their target price on Marriott Vacations Worldwide from $108.00 to $96.50 and set a "buy" rating on the stock in a research report on Friday, September 13th. The Goldman Sachs Group began coverage on Marriott Vacations Worldwide in a report on Wednesday, September 18th. They issued a "sell" rating and a $62.00 target price on the stock. Barclays boosted their price target on Marriott Vacations Worldwide from $74.00 to $97.00 and gave the company an "equal weight" rating in a report on Friday. Finally, JMP Securities reduced their price target on Marriott Vacations Worldwide from $115.00 to $90.00 and set a "market outperform" rating on the stock in a research 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. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $98.05.

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.