Principal Financial Group Inc. Sells 60,941 Shares of Marriott Vacations Worldwide Co. (NYSE:VAC)

Principal Financial Group Inc. lessened its position in Marriott Vacations Worldwide Co. (NYSE:VAC - Free Report) by 5.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,158,581 shares of the company's stock after selling 60,941 shares during the period. Principal Financial Group Inc. owned 3.32% of Marriott Vacations Worldwide worth $85,133,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. AQR Capital Management LLC grew its holdings in shares of Marriott Vacations Worldwide by 178.2% during the second quarter. AQR Capital Management LLC now owns 355,089 shares of the company's stock worth $29,771,000 after purchasing an additional 227,465 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Marriott Vacations Worldwide by 14.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,599,789 shares of the company's stock worth $139,687,000 after acquiring an additional 207,938 shares during the last quarter. International Assets Investment Management LLC acquired a new position in Marriott Vacations Worldwide in the 3rd quarter valued at approximately $14,983,000. Hotchkis & Wiley Capital Management LLC raised its stake in shares of 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 valued at $81,032,000 after acquiring an additional 168,130 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in shares of Marriott Vacations Worldwide by 20.3% during the second quarter. Victory Capital Management Inc. now owns 763,835 shares of the company's stock worth $66,698,000 after purchasing an additional 129,131 shares during the period. 89.52% of the stock is currently owned by institutional investors.

Marriott Vacations Worldwide Trading Up 0.2 %

Shares of NYSE:VAC traded up $0.15 during mid-day trading on Friday, hitting $90.24. The company had a trading volume of 681,188 shares, compared to its average volume of 447,681. The company has a market capitalization of $3.15 billion, a PE ratio of 17.19, a price-to-earnings-growth ratio of 0.87 and a beta of 1.84. Marriott Vacations Worldwide Co. has a one year low of $67.28 and a one year high of $108.57. The firm has a fifty day moving average price of $88.64 and a 200 day moving average price of $82.20. 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 Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Thursday, December 19th will be issued a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a dividend yield of 3.50%. The ex-dividend date of this dividend is Thursday, December 19th. This is a positive change from Marriott Vacations Worldwide's previous quarterly dividend of $0.76. Marriott Vacations Worldwide's dividend payout ratio is currently 60.19%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Truist Financial raised their target price on Marriott Vacations Worldwide from $139.00 to $142.00 and gave the stock a "buy" rating in a research report on Tuesday, November 26th. StockNews.com upgraded Marriott Vacations Worldwide from a "sell" rating to a "hold" rating in a research report on Friday, November 8th. Barclays raised Marriott Vacations Worldwide from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $97.00 to $116.00 in a research note on Friday, December 13th. Mizuho increased their target price on shares of Marriott Vacations Worldwide from $110.00 to $117.00 and gave the company an "outperform" rating in a research report on Tuesday, November 12th. Finally, The Goldman Sachs Group boosted 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 report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $106.22.

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.