Cullen Capital Management LLC Cuts Stake in Marriott Vacations Worldwide Co. (NYSE:VAC)

Cullen Capital Management LLC decreased its holdings in Marriott Vacations Worldwide Co. (NYSE:VAC) by 14.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,796 shares of the company’s stock after selling 1,615 shares during the period. Cullen Capital Management LLC’s holdings in Marriott Vacations Worldwide were worth $880,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Blue Trust Inc. increased 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 worth $48,000 after purchasing an additional 302 shares during the period. Sanctuary Advisors LLC purchased a new position in Marriott Vacations Worldwide in the third quarter worth approximately $348,000. Fox Run Management L.L.C. acquired a new position in Marriott Vacations Worldwide during the 4th quarter worth approximately $560,000. Cibc World Market Inc. increased its position in shares of Marriott Vacations Worldwide by 251.3% in the 4th quarter. Cibc World Market Inc. now owns 133,372 shares of the company’s stock valued at $11,977,000 after purchasing an additional 95,409 shares during the last quarter. Finally, Principal Financial Group Inc. grew its holdings in shares of Marriott Vacations Worldwide by 2.0% during the fourth quarter. Principal Financial Group Inc. now owns 1,181,961 shares of the company’s stock worth $106,140,000 after purchasing an additional 23,380 shares during the last quarter. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on VAC. Barclays decreased their target price on Marriott Vacations Worldwide from $116.00 to $97.00 and set an “overweight” rating for the company in a research report on Friday, February 28th. The Goldman Sachs Group raised their target price on shares of Marriott Vacations Worldwide from $70.00 to $85.00 and gave the stock a “sell” rating in a research report on Tuesday, December 10th. Truist Financial reduced their price target on shares of Marriott Vacations Worldwide from $142.00 to $140.00 and set a “buy” rating for the company in a research report on Friday, March 7th. Mizuho raised their price objective on shares of Marriott Vacations Worldwide from $117.00 to $120.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 25th. Finally, Stifel Nicolaus reduced their target price on shares of Marriott Vacations Worldwide from $112.00 to $108.00 and set a “buy” rating for the company in a report on Thursday, February 27th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $102.75.

Marriott Vacations Worldwide Stock Down 3.5 %

Shares of Marriott Vacations Worldwide stock opened at $54.64 on Friday. The company has a market cap of $1.89 billion, a P/E ratio of 10.41, a PEG ratio of 0.67 and a beta of 1.66. The firm has a fifty day moving average of $76.19 and a two-hundred day moving average of $82.23. 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 one year low of $50.97 and a one year high of $104.49.

Marriott Vacations Worldwide (NYSE:VAC) last posted its quarterly earnings results on Wednesday, February 26th. The company reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.51 by $0.35. Marriott Vacations Worldwide had a net margin of 4.20% and a return on equity of 10.89%. The firm had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.24 billion. On average, analysts forecast that Marriott Vacations Worldwide Co. will post 6.23 earnings per share for the current year.

Marriott Vacations Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th were paid a $0.79 dividend. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 5.78%. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is presently 56.23%.

Insider Buying and Selling

In related news, insider Stephanie Sobeck Butera bought 650 shares of the stock in a transaction on Thursday, March 6th. The shares were bought at an average cost of $71.66 per share, for a total transaction of $46,579.00. Following the completion of the transaction, the insider now owns 8,770 shares of the company’s stock, valued at $628,458.20. This represents a 8.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.70% of the stock is currently owned by corporate insiders.

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.