State of New Jersey Common Pension Fund D Acquires 7,174 Shares of Marriott Vacations Worldwide Co. (NYSE:VAC)

State of New Jersey Common Pension Fund D grew its holdings in shares of Marriott Vacations Worldwide Co. (NYSE:VAC - Free Report) by 36.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,094 shares of the company's stock after buying an additional 7,174 shares during the quarter. State of New Jersey Common Pension Fund D owned 0.08% of Marriott Vacations Worldwide worth $1,991,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in VAC. Harbor Capital Advisors Inc. lifted its position in Marriott Vacations Worldwide by 335.6% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 25,457 shares of the company's stock worth $2,223,000 after acquiring an additional 19,613 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Marriott Vacations Worldwide by 4.6% during the first 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 period. AQR Capital Management LLC lifted its position 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 in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Marriott Vacations Worldwide by 14.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,599,789 shares of the company's stock valued at $139,687,000 after purchasing an additional 207,938 shares during the period. Finally, Comerica Bank grew its holdings in Marriott Vacations Worldwide by 50.1% during the 1st quarter. Comerica Bank now owns 43,401 shares of the company's stock valued at $4,676,000 after purchasing an additional 14,482 shares in the last quarter. Institutional investors and hedge funds own 89.52% of the company's stock.

Insider Activity

In other Marriott Vacations Worldwide news, insider Jason P. Marino bought 700 shares of the business's stock in a transaction that occurred on Wednesday, September 11th. The stock was acquired at an average cost of $69.00 per share, with a total value of $48,300.00. Following the completion of the purchase, the insider now directly owns 15,851 shares in the company, valued at approximately $1,093,719. This trade represents a 4.62 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Insiders own 1.70% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. 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 note on Friday, August 2nd. StockNews.com raised shares of Marriott Vacations Worldwide from a "sell" rating to a "hold" rating in a research report on Friday, November 8th. The Goldman Sachs Group started coverage on shares of Marriott Vacations Worldwide in a research note on Wednesday, September 18th. They issued a "sell" rating and a $62.00 price target for the company. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Marriott Vacations Worldwide from $121.00 to $95.00 and set a "buy" rating for the company in a report on Tuesday, August 6th. Finally, Barclays upped 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, November 8th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $98.05.

Marriott Vacations Worldwide Stock Performance

Marriott Vacations Worldwide stock traded down $1.56 during mid-day trading on Friday, hitting $91.27. 257,130 shares of the company's stock traded hands, compared to its average volume of 453,748. The company has a quick ratio of 2.86, a current ratio of 3.53 and a debt-to-equity ratio of 2.19. Marriott Vacations Worldwide Co. has a one year low of $67.28 and a one year high of $108.57. The firm has a 50 day moving average price of $78.08 and a 200 day moving average price of $82.27. The company has a market cap of $3.19 billion, a PE ratio of 17.38, a price-to-earnings-growth ratio of 0.82 and a beta of 1.79.

Marriott Vacations Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Thursday, September 19th were paid a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a dividend yield of 3.33%. The ex-dividend date was Thursday, September 19th. Marriott Vacations Worldwide's dividend payout ratio is presently 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.