Marriott Vacations Worldwide Co. (NYSE:VAC) Shares Sold by Raymond James & Associates

Raymond James & Associates decreased its position in shares of Marriott Vacations Worldwide Co. (NYSE:VAC) by 3.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,268 shares of the company’s stock after selling 123 shares during the quarter. Raymond James & Associates’ holdings in Marriott Vacations Worldwide were worth $277,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Nordea Investment Management AB boosted its stake in Marriott Vacations Worldwide by 81.6% during the 4th quarter. Nordea Investment Management AB now owns 32,586 shares of the company’s stock valued at $2,775,000 after purchasing an additional 14,646 shares during the period. Vanguard Personalized Indexing Management LLC boosted its position in shares of Marriott Vacations Worldwide by 146.2% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 4,366 shares of the company’s stock worth $439,000 after buying an additional 2,593 shares during the period. New South Capital Management Inc. grew its holdings in Marriott Vacations Worldwide by 113.4% in the 3rd quarter. New South Capital Management Inc. now owns 246,297 shares of the company’s stock worth $24,785,000 after buying an additional 130,872 shares in the last quarter. Shayne & Jacobs LLC bought a new position in Marriott Vacations Worldwide in the 3rd quarter worth approximately $1,819,000. Finally, Burgundy Asset Management Ltd. increased its position in Marriott Vacations Worldwide by 25.0% in the 3rd quarter. Burgundy Asset Management Ltd. now owns 686,302 shares of the company’s stock valued at $69,063,000 after acquiring an additional 137,236 shares during the period. Institutional investors own 89.52% of the company’s stock.

Marriott Vacations Worldwide Trading Down 2.3 %

Marriott Vacations Worldwide stock opened at $98.58 on Tuesday. The firm has a market cap of $3.47 billion, a price-to-earnings ratio of 15.77 and a beta of 1.85. Marriott Vacations Worldwide Co. has a 1 year low of $72.78 and a 1 year high of $138.21. The firm’s 50 day moving average price is $98.39 and its two-hundred day moving average price is $89.19. The company has a debt-to-equity ratio of 2.16, a quick ratio of 2.64 and a current ratio of 3.15.

Marriott Vacations Worldwide (NYSE:VAC) last issued its earnings results on Wednesday, February 21st. The company reported $1.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.80 by $0.08. Marriott Vacations Worldwide had a return on equity of 13.21% and a net margin of 5.37%. The business had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.15 billion. During the same period in the previous year, the firm posted $2.74 EPS. The company’s quarterly revenue was up .5% on a year-over-year basis. On average, research analysts predict that Marriott Vacations Worldwide Co. will post 7.8 EPS for the current fiscal year.

Marriott Vacations Worldwide Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 14th. Shareholders of record on Thursday, February 29th were issued a $0.76 dividend. This represents a $3.04 annualized dividend and a dividend yield of 3.08%. The ex-dividend date of this dividend was Wednesday, February 28th. Marriott Vacations Worldwide’s payout ratio is 48.64%.

Analysts Set New Price Targets

VAC has been the subject of several recent analyst reports. Jefferies Financial Group increased their price target on Marriott Vacations Worldwide from $90.00 to $92.00 and gave the stock a “hold” rating in a research note on Tuesday, January 2nd. Mizuho began coverage on shares of Marriott Vacations Worldwide in a research report on Tuesday, March 26th. They issued a “buy” rating and a $128.00 target price for the company. Barclays boosted their price target on shares of Marriott Vacations Worldwide from $90.00 to $102.00 and gave the stock an “equal weight” rating in a research report on Friday, February 23rd. JPMorgan Chase & Co. increased their price objective on shares of Marriott Vacations Worldwide from $93.00 to $107.00 and gave the company a “neutral” rating in a report on Friday, February 23rd. Finally, Truist Financial boosted their target price on Marriott Vacations Worldwide from $149.00 to $159.00 and gave the stock a “buy” rating in a report on Tuesday, March 5th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Marriott Vacations Worldwide has a consensus rating of “Hold” and a consensus target price of $109.71.

Marriott Vacations Worldwide 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.