Marriott Vacations Worldwide Co. (NYSE:VAC) Shares Sold by Algert Global LLC

Algert Global LLC trimmed its holdings in shares of Marriott Vacations Worldwide Co. (NYSE:VAC - Free Report) by 88.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,834 shares of the company's stock after selling 43,756 shares during the quarter. Algert Global LLC's holdings in Marriott Vacations Worldwide were worth $509,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Picton Mahoney Asset Management acquired a new position in Marriott Vacations Worldwide in the 1st quarter valued at $4,676,000. Harbor Capital Advisors Inc. raised its stake in Marriott Vacations Worldwide by 335.6% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 25,457 shares of the company's stock valued at $2,223,000 after purchasing an additional 19,613 shares during the last quarter. Vanguard Group Inc. raised its stake 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 last quarter. Alaska Permanent Fund Corp acquired a new position in Marriott Vacations Worldwide in the 1st quarter valued at $1,109,000. Finally, AQR Capital Management LLC raised its holdings in shares of Marriott Vacations Worldwide by 178.2% during the 2nd quarter. AQR Capital Management LLC now owns 355,089 shares of the company's stock worth $29,771,000 after acquiring an additional 227,465 shares during the period. 89.52% of the stock is owned by institutional investors and hedge funds.

Marriott Vacations Worldwide Stock Down 3.2 %

VAC stock traded down $2.45 during trading on Monday, hitting $73.93. 297,307 shares of the company's stock were exchanged, compared to its average volume of 471,085. The business has a 50-day moving average price of $73.73 and a two-hundred day moving average price of $86.45. The stock has a market capitalization of $2.60 billion, a price-to-earnings ratio of 13.84, a PEG ratio of 0.70 and a beta of 1.80. Marriott Vacations Worldwide Co. has a 52-week low of $67.28 and a 52-week high of $108.57. The company has a current ratio of 3.28, a quick ratio of 2.72 and a debt-to-equity ratio of 2.21.

Marriott Vacations Worldwide (NYSE:VAC - Get Free Report) last posted its earnings results on Wednesday, July 31st. The company reported $1.10 earnings per share for the quarter, missing the consensus estimate of $1.99 by ($0.89). The business had revenue of $1.14 billion for the quarter, compared to analysts' expectations of $1.21 billion. Marriott Vacations Worldwide had a return on equity of 9.89% and a net margin of 3.41%. Marriott Vacations Worldwide's revenue for the quarter was down 3.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.19 EPS. As a group, equities research analysts expect that Marriott Vacations Worldwide Co. will post 6.11 EPS for the current year.

Marriott Vacations Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Thursday, September 19th were paid a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a yield of 4.11%. The ex-dividend date was Thursday, September 19th. Marriott Vacations Worldwide's dividend payout ratio is currently 56.19%.

Insider Buying and Selling at Marriott Vacations Worldwide

In other news, insider Jason P. Marino acquired 700 shares of Marriott Vacations Worldwide stock in a transaction on Wednesday, September 11th. The stock was bought at an average price of $69.00 per share, for a total transaction of $48,300.00. Following the completion of the purchase, the insider now owns 15,851 shares in the company, valued at $1,093,719. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.70% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on VAC shares. Barclays reduced their price target on Marriott Vacations Worldwide from $82.00 to $74.00 and set an "equal weight" rating on the stock in a report on Thursday, September 26th. Mizuho dropped their target price on Marriott Vacations Worldwide from $128.00 to $126.00 and set a "buy" rating for the company in a research report on Friday, June 14th. StockNews.com downgraded Marriott Vacations Worldwide from a "hold" rating to a "sell" rating in a research report on Friday, July 19th. JMP Securities lowered their price objective on Marriott Vacations Worldwide from $115.00 to $90.00 and set a "market outperform" rating for the company in a research report on Friday, August 2nd. Finally, Truist Financial lowered their price objective on 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. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $96.65.

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.