Adalta Capital Management LLC Has $226,000 Position in Marriott Vacations Worldwide Co. (NYSE:VAC)

Adalta Capital Management LLC cut its holdings in shares of Marriott Vacations Worldwide Co. (NYSE:VAC - Free Report) by 69.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,500 shares of the company's stock after selling 5,795 shares during the period. Adalta Capital Management LLC's holdings in Marriott Vacations Worldwide were worth $226,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Marriott Vacations Worldwide by 16.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 96,139 shares of the company's stock valued at $8,633,000 after acquiring an additional 13,840 shares in the last quarter. Voloridge Investment Management LLC acquired a new stake in shares of Marriott Vacations Worldwide in the fourth quarter valued at approximately $545,000. True Wealth Design LLC lifted its position in shares of Marriott Vacations Worldwide by 35.2% in the fourth quarter. True Wealth Design LLC now owns 595 shares of the company's stock worth $53,000 after purchasing an additional 155 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in Marriott Vacations Worldwide during the fourth quarter worth $89,000. Finally, Point72 Asset Management L.P. acquired a new position in Marriott Vacations Worldwide during the fourth quarter worth $37,974,000. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Stephanie Sobeck Butera purchased 650 shares of the company's stock in a transaction that occurred 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 completion of the purchase, the insider now directly owns 8,770 shares in the company, valued at $628,458.20. This trade represents a 8.00% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.60% of the company's stock.

Marriott Vacations Worldwide Stock Performance

VAC stock traded down $1.84 during mid-day trading on Monday, hitting $65.75. 494,281 shares of the company were exchanged, compared to its average volume of 457,932. Marriott Vacations Worldwide Co. has a 1-year low of $49.22 and a 1-year high of $100.32. The stock has a market capitalization of $2.27 billion, a PE ratio of 12.52, a price-to-earnings-growth ratio of 0.67 and a beta of 1.42. The business has a 50 day simple moving average of $60.74 and a 200-day simple moving average of $77.72. The company has a current ratio of 3.53, a quick ratio of 2.86 and a debt-to-equity ratio of 2.19.

Marriott Vacations Worldwide (NYSE:VAC - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $1.66 EPS for the quarter, beating analysts' consensus estimates of $1.56 by $0.10. Marriott Vacations Worldwide had a return on equity of 10.89% and a net margin of 4.20%. The firm had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same period in the prior year, the firm posted $1.80 EPS. The company's revenue for the quarter was up .4% on a year-over-year basis. On average, equities 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 disclosed a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 23rd will be issued a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a yield of 4.81%. The ex-dividend date of this dividend is Friday, May 23rd. Marriott Vacations Worldwide's dividend payout ratio is currently 53.92%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Mizuho reduced their price objective on shares of Marriott Vacations Worldwide from $112.00 to $105.00 and set an "outperform" rating for the company in a research note on Friday, May 9th. Truist Financial reduced their price target on 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. Morgan Stanley raised shares of Marriott Vacations Worldwide from an "underweight" rating to an "equal weight" rating and decreased their price objective for the company from $67.00 to $57.00 in a research report on Tuesday, April 22nd. Stifel Nicolaus dropped their target price on shares of Marriott Vacations Worldwide from $112.00 to $108.00 and set a "buy" rating on the stock in a report on Thursday, February 27th. Finally, Barclays cut their target price on shares of Marriott Vacations Worldwide from $97.00 to $88.00 and set an "overweight" rating for the company in a research note on Monday, May 12th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $92.25.

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.