Marriott Vacations Worldwide Corporation (NYSE:VAC) Shares Sold by New South Capital Management Inc.

New South Capital Management Inc. lowered its stake in shares of Marriott Vacations Worldwide Corporation (NYSE:VAC - Free Report) by 4.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 351,996 shares of the company's stock after selling 15,978 shares during the quarter. New South Capital Management Inc. owned approximately 1.02% of Marriott Vacations Worldwide worth $22,612,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Verity Asset Management Inc. acquired a new position in Marriott Vacations Worldwide during the 1st quarter worth $228,000. Cambridge Investment Research Advisors Inc. raised its stake in shares of Marriott Vacations Worldwide by 7.1% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 3,827 shares of the company's stock valued at $246,000 after purchasing an additional 253 shares in the last quarter. Grandview Asset Management LLC lifted its position in shares of Marriott Vacations Worldwide by 4.5% during the first quarter. Grandview Asset Management LLC now owns 6,920 shares of the company's stock worth $445,000 after purchasing an additional 300 shares during the last quarter. Fifth Third Bancorp grew its stake in Marriott Vacations Worldwide by 136.5% in the first quarter. Fifth Third Bancorp now owns 395 shares of the company's stock worth $25,000 after purchasing an additional 228 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in Marriott Vacations Worldwide in the first quarter worth about $436,000. Institutional investors own 89.52% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on VAC shares. Morgan Stanley upgraded Marriott Vacations Worldwide from an "underweight" rating to an "equal weight" rating and cut their price objective for the company from $67.00 to $57.00 in a research note on Tuesday, April 22nd. Barclays dropped their price target on 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. Truist Financial decreased 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 report on Friday, March 7th. The Goldman Sachs Group boosted their target price 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. Finally, Mizuho reduced 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 report on Friday, May 9th. One research 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's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $92.25.

Marriott Vacations Worldwide Stock Performance

NYSE VAC traded up $0.94 during trading hours on Friday, hitting $80.12. The company had a trading volume of 361,729 shares, compared to its average volume of 485,186. The company has a quick ratio of 2.58, a current ratio of 3.16 and a debt-to-equity ratio of 2.18. The firm has a market cap of $2.77 billion, a P/E ratio of 13.67, a price-to-earnings-growth ratio of 1.74 and a beta of 1.48. Marriott Vacations Worldwide Corporation has a fifty-two week low of $49.22 and a fifty-two week high of $100.32. The business has a fifty day simple moving average of $66.87 and a 200-day simple moving average of $72.79.

Marriott Vacations Worldwide (NYSE:VAC - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported $1.66 earnings per share for the quarter, topping analysts' consensus estimates of $1.56 by $0.10. The business had revenue of $1.20 billion for the quarter, compared to analysts' expectations of $1.21 billion. Marriott Vacations Worldwide had a net margin of 4.57% and a return on equity of 10.43%. The company's revenue for the quarter was up .4% compared to the same quarter last year. During the same quarter last year, the company earned $1.80 EPS. Equities analysts predict that Marriott Vacations Worldwide Corporation will post 6.23 EPS for the current year.

Marriott Vacations Worldwide Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 23rd were given a dividend of $0.79 per share. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $3.16 annualized dividend and a dividend yield of 3.94%. Marriott Vacations Worldwide's dividend payout ratio is presently 53.92%.

Insider Transactions at Marriott Vacations Worldwide

In other Marriott Vacations Worldwide news, Director Christian Asmar bought 412,449 shares of the stock in a transaction that occurred on Tuesday, June 17th. The shares were purchased at an average cost of $67.61 per share, for a total transaction of $27,885,676.89. Following the transaction, the director directly owned 3,708,433 shares in the company, valued at $250,727,155.13. The trade was a 12.51% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.60% of the stock is owned by company 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.