Retirement Systems of Alabama Sells 49,841 Shares of Marriott Vacations Worldwide Co. (NYSE:VAC)

Retirement Systems of Alabama lowered its holdings in Marriott Vacations Worldwide Co. (NYSE:VAC) by 54.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 41,369 shares of the company’s stock after selling 49,841 shares during the quarter. Retirement Systems of Alabama owned 0.12% of Marriott Vacations Worldwide worth $3,512,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of VAC. EverSource Wealth Advisors LLC raised its position in Marriott Vacations Worldwide by 194.1% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 250 shares of the company’s stock worth $25,000 after buying an additional 165 shares during the last quarter. Signaturefd LLC lifted its position in Marriott Vacations Worldwide by 342.3% during the third quarter. Signaturefd LLC now owns 1,150 shares of the company’s stock valued at $116,000 after purchasing an additional 890 shares during the period. Covestor Ltd boosted its holdings in Marriott Vacations Worldwide by 62.0% in the third quarter. Covestor Ltd now owns 1,184 shares of the company’s stock worth $119,000 after purchasing an additional 453 shares during the last quarter. NBC Securities Inc. bought a new stake in Marriott Vacations Worldwide in the 3rd quarter worth approximately $132,000. Finally, Quantbot Technologies LP purchased a new stake in Marriott Vacations Worldwide during the 3rd quarter valued at $143,000. 89.52% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

VAC has been the topic of a number of research reports. Mizuho assumed coverage on Marriott Vacations Worldwide in a research note on Tuesday, March 26th. They issued a “buy” rating and a $128.00 price target on the stock. Stifel Nicolaus boosted their price target on Marriott Vacations Worldwide from $115.00 to $117.00 and gave the company a “buy” rating in a research note on Tuesday. Truist Financial increased their price objective on shares of Marriott Vacations Worldwide from $149.00 to $159.00 and gave the stock a “buy” rating in a research note on Tuesday, March 5th. JPMorgan Chase & Co. boosted their target price on shares of Marriott Vacations Worldwide from $93.00 to $107.00 and gave the company a “neutral” rating in a research report on Friday, February 23rd. Finally, Barclays increased 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. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Marriott Vacations Worldwide currently has a consensus rating of “Hold” and an average target price of $110.63.

Marriott Vacations Worldwide Stock Up 1.7 %

Shares of NYSE VAC opened at $99.20 on Wednesday. The stock has a 50 day moving average price of $98.98 and a 200 day moving average price of $89.34. The firm has a market capitalization of $3.49 billion, a price-to-earnings ratio of 15.87 and a beta of 1.85. Marriott Vacations Worldwide Co. has a 52-week low of $72.78 and a 52-week high of $134.09. 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 Monday, May 6th. The company reported $1.80 earnings per share for the quarter, topping the consensus estimate of $1.66 by $0.14. The business had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Marriott Vacations Worldwide had a return on equity of 13.21% and a net margin of 5.37%. The business’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period in the prior year, the business earned $2.54 EPS. Sell-side analysts expect that Marriott Vacations Worldwide Co. will post 7.8 earnings per share for the current year.

Marriott Vacations Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 14th. Stockholders of record on Thursday, February 29th were issued a $0.76 dividend. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $3.04 annualized dividend and a dividend yield of 3.06%. Marriott Vacations Worldwide’s dividend payout ratio is currently 48.64%.

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.