Marriott Vacations Worldwide Co. (NYSE:VAC) Shares Sold by Senvest Management LLC

Senvest Management LLC lowered its holdings in Marriott Vacations Worldwide Co. (NYSE:VAC - Free Report) by 21.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,489,125 shares of the company's stock after selling 404,841 shares during the period. Marriott Vacations Worldwide comprises 4.1% of Senvest Management LLC's portfolio, making the stock its 10th largest position. Senvest Management LLC owned 4.27% of Marriott Vacations Worldwide worth $133,723,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the business. Pacer Advisors Inc. grew its position in shares of Marriott Vacations Worldwide by 2.7% during the fourth quarter. Pacer Advisors Inc. now owns 6,404 shares of the company's stock worth $575,000 after acquiring an additional 166 shares during the last quarter. Stifel Financial Corp grew its position in Marriott Vacations Worldwide by 3.4% in the 3rd quarter. Stifel Financial Corp now owns 5,596 shares of the company's stock worth $411,000 after purchasing an additional 184 shares during the last quarter. Xponance Inc. increased its stake in shares of Marriott Vacations Worldwide by 6.2% in the fourth quarter. Xponance Inc. now owns 3,809 shares of the company's stock valued at $342,000 after purchasing an additional 221 shares during the period. Blue Trust Inc. raised its holdings in shares of Marriott Vacations Worldwide by 130.7% during the fourth quarter. Blue Trust Inc. now owns 533 shares of the company's stock valued at $48,000 after buying an additional 302 shares during the last quarter. Finally, Venturi Wealth Management LLC boosted its position in shares of Marriott Vacations Worldwide by 40.7% during the fourth quarter. Venturi Wealth Management LLC now owns 1,572 shares of the company's stock worth $141,000 after buying an additional 455 shares during the period. Institutional investors and hedge funds own 89.52% of the company's stock.

Insider Activity at Marriott Vacations Worldwide

In other Marriott Vacations Worldwide news, insider Stephanie Sobeck Butera purchased 650 shares of the stock in a transaction on Thursday, March 6th. The shares were purchased at an average price of $71.66 per share, with a total value of $46,579.00. Following the completion of the transaction, the insider now directly owns 8,770 shares in the company, valued at $628,458.20. This represents a 8.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.60% of the stock is owned by insiders.

Marriott Vacations Worldwide Trading Up 0.8 %

NYSE:VAC traded up $0.44 on Friday, hitting $53.03. 303,842 shares of the stock were exchanged, compared to its average volume of 432,944. Marriott Vacations Worldwide Co. has a 52 week low of $49.22 and a 52 week high of $103.51. The stock has a market capitalization of $1.83 billion, a price-to-earnings ratio of 10.10, a P/E/G ratio of 0.67 and a beta of 1.66. The company has a debt-to-equity ratio of 2.19, a quick ratio of 2.86 and a current ratio of 3.53. The company's 50-day moving average price is $69.05 and its 200 day moving average price is $80.53.

Marriott Vacations Worldwide (NYSE:VAC - Get Free Report) last released its quarterly earnings data on Wednesday, February 26th. The company reported $1.86 earnings per share 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 business had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.24 billion. On average, equities research analysts forecast that Marriott Vacations Worldwide Co. will post 6.23 earnings per share for the current year.

Marriott Vacations Worldwide Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th were given a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a yield of 5.96%. The ex-dividend date was Wednesday, March 5th. Marriott Vacations Worldwide's dividend payout ratio (DPR) is currently 56.23%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on VAC. Barclays cut their target price on Marriott Vacations Worldwide from $116.00 to $97.00 and set an "overweight" rating on the stock in a research note on Friday, February 28th. Morgan Stanley assumed coverage on Marriott Vacations Worldwide in a research report on Monday, January 6th. They set an "underweight" rating and a $87.00 target price on the stock. Truist Financial decreased their price objective on shares of Marriott Vacations Worldwide from $142.00 to $140.00 and set a "buy" rating for the company in a research note on Friday, March 7th. The Goldman Sachs Group lowered their price target on Marriott Vacations Worldwide from $78.00 to $48.00 and set a "sell" rating on the stock in a report on Monday. Finally, Stifel Nicolaus decreased their price objective on 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 analysts have rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $98.13.

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.