Victory Capital Management Inc. Sells 3,653 Shares of Marriott Vacations Worldwide Corporation (NYSE:VAC)

Victory Capital Management Inc. reduced its holdings in Marriott Vacations Worldwide Corporation (NYSE:VAC - Free Report) by 0.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 699,644 shares of the company's stock after selling 3,653 shares during the period. Victory Capital Management Inc. owned 2.02% of Marriott Vacations Worldwide worth $44,945,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in VAC. Dark Forest Capital Management LP acquired a new position in shares of Marriott Vacations Worldwide during the 4th quarter worth about $734,000. Ananym Capital Management LP acquired a new position in shares of Marriott Vacations Worldwide during the 4th quarter worth about $21,987,000. GAMMA Investing LLC increased its stake in shares of Marriott Vacations Worldwide by 6,557.7% during the 1st quarter. GAMMA Investing LLC now owns 14,647 shares of the company's stock worth $941,000 after purchasing an additional 14,427 shares during the last quarter. Captrust Financial Advisors acquired a new position in shares of Marriott Vacations Worldwide during the 4th quarter worth about $440,000. Finally, Norges Bank acquired a new position in shares of Marriott Vacations Worldwide during the 4th quarter worth about $31,677,000. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently commented on VAC. Mizuho decreased their price target on shares of Marriott Vacations Worldwide from $112.00 to $105.00 and set an "outperform" rating on the stock in a research note on Friday, May 9th. The Goldman Sachs Group upped their price target on shares of Marriott Vacations Worldwide from $48.00 to $55.00 and gave the company a "sell" rating in a research note on Friday, May 9th. Barclays decreased 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 note on Monday, May 12th. Finally, Morgan Stanley reiterated an "underweight" rating on shares of Marriott Vacations Worldwide in a research note on Tuesday, July 15th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Marriott Vacations Worldwide has an average rating of "Hold" and a consensus target price of $92.25.

Insider Activity at Marriott Vacations Worldwide

In other news, Director Christian Asmar bought 337,551 shares of the stock in a transaction on Wednesday, June 18th. The shares were acquired at an average cost of $68.11 per share, for a total transaction of $22,990,598.61. Following the purchase, the director directly owned 4,045,984 shares of the company's stock, valued at $275,571,970.24. This trade represents a 9.10% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.60% of the company's stock.

Marriott Vacations Worldwide Stock Up 4.1%

Shares of NYSE:VAC traded up $3.37 during midday trading on Wednesday, hitting $84.93. 541,826 shares of the company's stock were exchanged, compared to its average volume of 490,092. The company has a debt-to-equity ratio of 2.18, a current ratio of 3.16 and a quick ratio of 2.58. The stock has a 50 day moving average price of $72.24 and a 200-day moving average price of $71.85. The company has a market cap of $2.93 billion, a PE ratio of 14.49, a price-to-earnings-growth ratio of 1.79 and a beta of 1.48. 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 - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $1.66 EPS for the quarter, topping the consensus estimate of $1.56 by $0.10. The company had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.21 billion. Marriott Vacations Worldwide had a net margin of 4.57% and a return on equity of 10.43%. The firm's revenue for the quarter was up .4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.80 earnings per share. On average, sell-side analysts anticipate that Marriott Vacations Worldwide Corporation will post 6.23 EPS for the current fiscal year.

Marriott Vacations Worldwide Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 23rd were paid a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a dividend yield of 3.72%. The ex-dividend date was Friday, May 23rd. Marriott Vacations Worldwide's payout ratio is currently 53.92%.

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.