Marriott Vacations Worldwide Co. (NYSE:VAC) Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D trimmed its position in shares of Marriott Vacations Worldwide Co. (NYSE:VAC - Free Report) by 13.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,428 shares of the company's stock after selling 3,666 shares during the quarter. State of New Jersey Common Pension Fund D owned 0.07% of Marriott Vacations Worldwide worth $2,104,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also bought and sold shares of VAC. Blue Trust Inc. boosted its holdings in Marriott Vacations Worldwide by 130.7% during the 4th quarter. Blue Trust Inc. now owns 533 shares of the company's stock valued at $48,000 after acquiring an additional 302 shares during the period. New South Capital Management Inc. raised its position in shares of Marriott Vacations Worldwide by 6.6% in the 3rd quarter. New South Capital Management Inc. now owns 364,394 shares of the company's stock worth $26,776,000 after acquiring an additional 22,672 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in shares of Marriott Vacations Worldwide during the 3rd quarter valued at $348,000. Hotchkis & Wiley Capital Management LLC lifted its holdings 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 purchasing an additional 168,130 shares during the last quarter. Finally, Cibc World Market Inc. boosted its holdings in Marriott Vacations Worldwide by 251.3% in the fourth quarter. Cibc World Market Inc. now owns 133,372 shares of the company's stock worth $11,977,000 after acquiring an additional 95,409 shares in the last quarter. 89.52% of the stock is currently owned by institutional investors.

Remove Ads

Marriott Vacations Worldwide Stock Up 2.2 %

Shares of NYSE:VAC traded up $1.91 during trading on Wednesday, hitting $87.19. 142,791 shares of the company were exchanged, compared to its average volume of 374,888. The stock has a market capitalization of $3.04 billion, a P/E ratio of 16.61, a PEG ratio of 0.67 and a beta of 1.83. Marriott Vacations Worldwide Co. has a 12-month low of $67.28 and a 12-month high of $108.57. The firm's 50 day moving average price is $86.94 and its 200-day moving average price is $83.04. 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 Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th will be issued a $0.79 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $3.16 dividend on an annualized basis and a yield of 3.62%. Marriott Vacations Worldwide's dividend payout ratio (DPR) is 60.19%.

Analyst Upgrades and Downgrades

VAC has been the subject of a number of research reports. Mizuho upped their price objective on Marriott Vacations Worldwide from $117.00 to $120.00 and gave the company an "outperform" rating in a research report on Tuesday. Barclays upgraded Marriott Vacations Worldwide from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $97.00 to $116.00 in a research report on Friday, December 13th. Truist Financial lifted their price target on shares of Marriott Vacations Worldwide from $139.00 to $142.00 and gave the company a "buy" rating in a report on Tuesday, November 26th. Morgan Stanley started coverage on Marriott Vacations Worldwide in a research note on Monday, January 6th. They issued an "underweight" rating and a $87.00 price target for the company. Finally, StockNews.com upgraded shares of Marriott Vacations Worldwide from a "sell" rating to a "hold" rating in a research report on Friday, November 8th. Two research 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. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $105.88.

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.