Victory Capital Management Inc. Sells 64,521 Shares of Marriott Vacations Worldwide Co. (NYSE:VAC)

Victory Capital Management Inc. lowered its position in shares of Marriott Vacations Worldwide Co. (NYSE:VAC - Free Report) by 8.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 703,297 shares of the company's stock after selling 64,521 shares during the period. Victory Capital Management Inc. owned 2.01% of Marriott Vacations Worldwide worth $63,156,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of VAC. Hotchkis & Wiley Capital Management LLC boosted its position in shares of Marriott Vacations Worldwide by 18.0% during the 3rd 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. Cibc World Market Inc. grew its stake in Marriott Vacations Worldwide by 251.3% in the 4th quarter. Cibc World Market Inc. now owns 133,372 shares of the company's stock worth $11,977,000 after buying an additional 95,409 shares in the last quarter. Holocene Advisors LP grew its stake in Marriott Vacations Worldwide by 71.7% in the 3rd quarter. Holocene Advisors LP now owns 62,729 shares of the company's stock worth $4,609,000 after buying an additional 26,199 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Marriott Vacations Worldwide by 2.0% in the 4th quarter. Principal Financial Group Inc. now owns 1,181,961 shares of the company's stock worth $106,140,000 after buying an additional 23,380 shares during the last quarter. Finally, Verition Fund Management LLC raised its position in shares of Marriott Vacations Worldwide by 483.8% during the 3rd quarter. Verition Fund Management LLC now owns 27,908 shares of the company's stock valued at $2,051,000 after buying an additional 23,128 shares in the last quarter. Institutional investors own 89.52% of the company's stock.

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Marriott Vacations Worldwide Stock Down 0.3 %

Shares of VAC traded down $0.23 on Monday, reaching $72.71. The stock had a trading volume of 40,904 shares, compared to its average volume of 447,704. The company has a debt-to-equity ratio of 2.19, a quick ratio of 2.86 and a current ratio of 3.53. Marriott Vacations Worldwide Co. has a 12-month low of $67.28 and a 12-month high of $108.57. The firm has a market capitalization of $2.54 billion, a price-to-earnings ratio of 13.87, a price-to-earnings-growth ratio of 0.67 and a beta of 1.83. The company has a 50-day simple moving average of $84.44 and a 200-day simple moving average of $83.26.

Marriott Vacations Worldwide (NYSE:VAC - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The company reported $1.86 EPS for the quarter, topping the consensus estimate of $1.51 by $0.35. The business had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.24 billion. Marriott Vacations Worldwide had a net margin of 4.20% and a return on equity of 10.89%. Sell-side analysts predict that Marriott Vacations Worldwide Co. will post 6.23 EPS for the current year.

Marriott Vacations Worldwide Announces Dividend

The business 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. This represents a $3.16 annualized dividend and a yield of 4.35%. The ex-dividend date of this dividend is Wednesday, March 5th. Marriott Vacations Worldwide's dividend payout ratio (DPR) is 56.23%.

Insider Activity

In other Marriott Vacations Worldwide news, insider Stephanie Sobeck Butera bought 650 shares of Marriott Vacations Worldwide stock in a transaction on Thursday, March 6th. The stock was acquired at an average price of $71.66 per share, with a total value of $46,579.00. Following the acquisition, the insider now owns 8,770 shares in the company, valued at approximately $628,458.20. This trade represents a 8.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.70% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on VAC. Truist Financial dropped their target price on Marriott Vacations Worldwide from $142.00 to $140.00 and set a "buy" rating for the company in a research report on Friday. Barclays lowered their target price on Marriott Vacations Worldwide from $116.00 to $97.00 and set an "overweight" rating for the company in a research note on Friday, February 28th. Stifel Nicolaus reduced their price target on Marriott Vacations Worldwide from $112.00 to $108.00 and set a "buy" rating on the stock in a research report on Thursday, February 27th. Mizuho upped their price target on shares of Marriott Vacations Worldwide from $117.00 to $120.00 and gave the company an "outperform" rating in a report on Tuesday, February 25th. Finally, The Goldman Sachs Group boosted their price objective on shares of Marriott Vacations Worldwide from $70.00 to $85.00 and gave the company a "sell" rating in a research report on Tuesday, December 10th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat, Marriott Vacations Worldwide currently has a consensus rating of "Hold" and a consensus price target of $102.75.

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.