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

Principal Financial Group Inc. lowered its holdings in shares of Marriott Vacations Worldwide Co. (NYSE:VAC - Free Report) by 5.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,158,581 shares of the company's stock after selling 60,941 shares during the quarter. Principal Financial Group Inc. owned about 3.30% of Marriott Vacations Worldwide worth $85,133,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC grew its stake in Marriott Vacations Worldwide by 615.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 286 shares of the company's stock valued at $31,000 after buying an additional 246 shares during the last quarter. Quarry LP grew its position in shares of Marriott Vacations Worldwide by 368.4% in the second quarter. Quarry LP now owns 445 shares of the company's stock valued at $39,000 after purchasing an additional 350 shares during the last quarter. Innealta Capital LLC bought a new position in shares of Marriott Vacations Worldwide in the second quarter worth about $90,000. EMC Capital Management bought a new position in shares of Marriott Vacations Worldwide in the first quarter worth about $144,000. Finally, Headlands Technologies LLC acquired a new position in shares of Marriott Vacations Worldwide during the 1st quarter worth about $158,000. Institutional investors and hedge funds own 89.52% of the company's stock.

Insiders Place Their Bets

In other Marriott Vacations Worldwide news, insider Jason P. Marino bought 700 shares of Marriott Vacations Worldwide stock in a transaction dated Wednesday, September 11th. The shares were bought at an average price of $69.00 per share, with a total value of $48,300.00. Following the purchase, the insider now owns 15,851 shares of the company's stock, valued at $1,093,719. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 1.70% of the company's stock.

Analyst Ratings Changes

VAC has been the topic of several recent analyst reports. StockNews.com raised Marriott Vacations Worldwide from a "sell" rating to a "hold" rating in a research report on Friday. The Goldman Sachs Group assumed coverage on shares of Marriott Vacations Worldwide in a research report on Wednesday, September 18th. They set a "sell" rating and a $62.00 target price on the stock. Stifel Nicolaus reduced their price target on shares of Marriott Vacations Worldwide from $108.00 to $96.50 and set a "buy" rating for the company in a report on Friday, September 13th. Truist Financial dropped their price objective on shares of Marriott Vacations Worldwide from $161.00 to $159.00 and set a "buy" rating on the stock in a report on Friday, July 19th. Finally, Barclays increased their target price on shares of Marriott Vacations Worldwide from $74.00 to $97.00 and gave the company an "equal weight" rating in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, Marriott Vacations Worldwide currently has a consensus rating of "Hold" and a consensus price target of $98.95.

Marriott Vacations Worldwide Price Performance

Shares of VAC stock traded down $0.38 during trading hours on Friday, reaching $95.60. 776,195 shares of the company were exchanged, compared to its average volume of 433,265. The company has a debt-to-equity ratio of 1.26, a current ratio of 3.28 and a quick ratio of 2.72. The company has a market cap of $3.35 billion, a price-to-earnings ratio of 18.21, a P/E/G ratio of 0.87 and a beta of 1.79. The stock's fifty day moving average is $76.08 and its two-hundred day moving average is $82.46. Marriott Vacations Worldwide Co. has a fifty-two week low of $67.28 and a fifty-two week high of $108.57.

Marriott Vacations Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Thursday, September 19th were given a $0.76 dividend. The ex-dividend date of this dividend was Thursday, September 19th. This represents a $3.04 dividend on an annualized basis and a yield of 3.18%. Marriott Vacations Worldwide's payout ratio is 57.90%.

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.