Adalta Capital Management LLC Reduces Holdings in Marriott Vacations Worldwide Co. (NYSE:VAC)

Adalta Capital Management LLC lowered its stake in Marriott Vacations Worldwide Co. (NYSE:VAC - Free Report) by 69.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,500 shares of the company's stock after selling 5,795 shares during the quarter. Adalta Capital Management LLC's holdings in Marriott Vacations Worldwide were worth $226,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its stake in Marriott Vacations Worldwide by 6.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,883,197 shares of the company's stock valued at $169,110,000 after buying an additional 116,854 shares during the period. Fuller & Thaler Asset Management Inc. boosted its position in shares of Marriott Vacations Worldwide by 5.7% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 1,378,561 shares of the company's stock valued at $123,795,000 after acquiring an additional 74,956 shares during the last quarter. 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 in the last quarter. T. Rowe Price Investment Management Inc. increased its position in shares of Marriott Vacations Worldwide by 0.9% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 778,684 shares of the company's stock worth $69,926,000 after purchasing an additional 7,046 shares during the last quarter. Finally, AQR Capital Management LLC raised its stake in Marriott Vacations Worldwide by 47.2% in the fourth quarter. AQR Capital Management LLC now owns 765,480 shares of the company's stock valued at $68,510,000 after purchasing an additional 245,427 shares in the last quarter. 89.52% of the stock is currently owned by institutional investors.

Marriott Vacations Worldwide Stock Down 2.7%

VAC traded down $1.84 during trading on Friday, hitting $65.75. The stock had a trading volume of 494,281 shares, compared to its average volume of 457,506. The stock has a 50 day simple moving average of $60.74 and a two-hundred day simple moving average of $77.89. The company has a market capitalization of $2.27 billion, a PE ratio of 12.52, a PEG ratio of 0.67 and a beta of 1.42. 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 twelve month low of $49.22 and a twelve month high of $100.32.

Marriott Vacations Worldwide (NYSE:VAC - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported $1.66 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $1.21 billion. During the same period in the previous year, the business earned $1.80 EPS. The firm's revenue for the quarter was up .4% on a year-over-year basis. On average, research analysts predict that Marriott Vacations Worldwide Co. will post 6.23 earnings per share for the current year.

Marriott Vacations Worldwide Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 23rd will be given a dividend of $0.79 per share. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $3.16 annualized dividend and a yield of 4.81%. Marriott Vacations Worldwide's dividend payout ratio is presently 53.92%.

Insider Buying and Selling

In related news, insider Stephanie Sobeck Butera purchased 650 shares of Marriott Vacations Worldwide stock in a transaction dated Thursday, March 6th. The shares were acquired at an average cost of $71.66 per share, with a total value of $46,579.00. Following the purchase, the insider now owns 8,770 shares of the company's stock, valued at approximately $628,458.20. The trade was a 8.00% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 1.60% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on VAC shares. Stifel Nicolaus dropped their price objective 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. Morgan Stanley raised Marriott Vacations Worldwide from an "underweight" rating to an "equal weight" rating and dropped their price target for the stock from $67.00 to $57.00 in a research note on Tuesday, April 22nd. The Goldman Sachs Group raised their price objective on Marriott Vacations Worldwide from $48.00 to $55.00 and gave the company a "sell" rating in a report on Friday, May 9th. Barclays reduced their price target on shares of Marriott Vacations Worldwide from $97.00 to $88.00 and set an "overweight" rating on the stock in a research report on Monday, May 12th. Finally, Truist Financial cut their price objective on shares of Marriott Vacations Worldwide from $142.00 to $140.00 and set a "buy" rating for the company in a research note on Friday, March 7th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock currently 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.