New York State Teachers Retirement System Sells 2,900 Shares of Marriott Vacations Worldwide Corporation $VAC

New York State Teachers Retirement System lowered its holdings in Marriott Vacations Worldwide Corporation (NYSE:VAC) by 7.2% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 37,354 shares of the company’s stock after selling 2,900 shares during the quarter. New York State Teachers Retirement System owned approximately 0.11% of Marriott Vacations Worldwide worth $2,701,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Dimensional Fund Advisors LP raised its holdings in shares of Marriott Vacations Worldwide by 2.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,931,782 shares of the company’s stock valued at $124,101,000 after purchasing an additional 48,585 shares in the last quarter. Fuller & Thaler Asset Management Inc. grew its position in shares of Marriott Vacations Worldwide by 32.2% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 1,822,687 shares of the company’s stock worth $117,089,000 after buying an additional 444,126 shares during the last quarter. Hotchkis & Wiley Capital Management LLC grew its position in shares of Marriott Vacations Worldwide by 8.1% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 1,139,334 shares of the company’s stock worth $73,191,000 after buying an additional 85,230 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its position in shares of Marriott Vacations Worldwide by 2.8% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 800,315 shares of the company’s stock worth $51,413,000 after buying an additional 21,631 shares during the last quarter. Finally, Ananym Capital Management LP grew its position in shares of Marriott Vacations Worldwide by 75.1% in the 1st quarter. Ananym Capital Management LP now owns 428,647 shares of the company’s stock worth $27,536,000 after buying an additional 183,805 shares during the last quarter. Institutional investors own 89.52% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on VAC. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Marriott Vacations Worldwide in a research report on Wednesday, October 8th. The Goldman Sachs Group lifted their price objective on shares of Marriott Vacations Worldwide from $55.00 to $65.00 and gave the stock a “sell” rating in a research report on Wednesday, August 6th. Truist Financial cut their price objective on shares of Marriott Vacations Worldwide from $128.00 to $127.00 and set a “buy” rating on the stock in a research report on Thursday, August 21st. Morgan Stanley reissued an “underweight” rating on shares of Marriott Vacations Worldwide in a research report on Tuesday, July 15th. Finally, Stifel Nicolaus set a $101.00 target price on shares of Marriott Vacations Worldwide and gave the stock a “buy” rating in a research report on Tuesday, August 5th. Four investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $90.50.

Marriott Vacations Worldwide Stock Up 2.2%

VAC stock opened at $69.28 on Wednesday. The firm’s fifty day simple moving average is $73.02 and its 200-day simple moving average is $69.84. The company has a market capitalization of $2.40 billion, a P/E ratio of 10.42, a price-to-earnings-growth ratio of 0.98 and a beta of 1.46. The company has a debt-to-equity ratio of 2.17, a current ratio of 3.55 and a quick ratio of 2.90. Marriott Vacations Worldwide Corporation has a 12 month low of $49.22 and a 12 month high of $100.32.

Marriott Vacations Worldwide (NYSE:VAC) last released its quarterly earnings data on Monday, August 4th. The company reported $1.96 EPS for the quarter, beating the consensus estimate of $1.72 by $0.24. The business had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.22 billion. Marriott Vacations Worldwide had a net margin of 5.10% and a return on equity of 11.74%. The business’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.10 EPS. Marriott Vacations Worldwide has set its FY 2025 guidance at 6.400-7.100 EPS. As a group, equities research analysts forecast that Marriott Vacations Worldwide Corporation will post 6.23 earnings per share for the current year.

Marriott Vacations Worldwide Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Wednesday, September 17th were issued a $0.79 dividend. This represents a $3.16 annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend was Wednesday, September 17th. Marriott Vacations Worldwide’s dividend payout ratio is 47.52%.

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.