New South Capital Management Inc. Sells 15,978 Shares of Marriott Vacations Worldwide Corporation (NYSE:VAC)

New South Capital Management Inc. reduced its stake in Marriott Vacations Worldwide Corporation (NYSE:VAC - Free Report) by 4.3% during the first quarter, according to the company in its most recent 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 period. New South Capital Management Inc. owned about 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 also recently made changes to their positions in the company. Fifth Third Bancorp grew its holdings in shares of Marriott Vacations Worldwide by 136.5% during the first quarter. Fifth Third Bancorp now owns 395 shares of the company's stock worth $25,000 after purchasing an additional 228 shares during the last quarter. Investment Advisory Group LLC acquired a new stake in Marriott Vacations Worldwide during the 1st quarter worth approximately $31,000. True Wealth Design LLC grew its holdings in Marriott Vacations Worldwide by 35.2% during the 4th quarter. True Wealth Design LLC now owns 595 shares of the company's stock worth $53,000 after acquiring an additional 155 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in Marriott Vacations Worldwide during the 4th quarter worth approximately $89,000. Finally, Atala Financial Inc acquired a new position in Marriott Vacations Worldwide in the 4th quarter valued at approximately $112,000. 89.52% of the stock is owned by institutional investors.

Marriott Vacations Worldwide Trading Up 1.2%

Shares of Marriott Vacations Worldwide stock traded up $0.94 on Friday, hitting $80.12. 361,729 shares of the company's stock traded hands, compared to its average volume of 484,836. The company has a fifty day moving average of $67.36 and a two-hundred day moving average of $72.59. Marriott Vacations Worldwide Corporation has a one year low of $49.22 and a one year high of $100.32. The company has a market capitalization of $2.77 billion, a price-to-earnings ratio of 13.67, a price-to-earnings-growth ratio of 1.76 and a beta of 1.48. The company has a debt-to-equity ratio of 2.18, a current ratio of 3.16 and a quick ratio of 2.58.

Marriott Vacations Worldwide (NYSE:VAC - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $1.66 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.56 by $0.10. The firm had revenue of $1.20 billion for the quarter, compared to analysts' expectations of $1.21 billion. Marriott Vacations Worldwide had a return on equity of 10.43% and a net margin of 4.57%. The company's revenue for the quarter was up .4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.80 EPS. As a group, sell-side analysts expect that Marriott Vacations Worldwide Corporation 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 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 yield of 3.94%. The ex-dividend date was Friday, May 23rd. Marriott Vacations Worldwide's dividend payout ratio (DPR) is currently 53.92%.

Insider Transactions at Marriott Vacations Worldwide

In other news, Director Christian Asmar acquired 412,449 shares of the firm's stock in a transaction dated Tuesday, June 17th. The stock was purchased at an average price of $67.61 per share, for a total transaction of $27,885,676.89. Following the completion of the acquisition, 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 position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 1.60% of the company's stock.

Analyst Upgrades and Downgrades

VAC has been the topic of a number of recent research reports. Barclays cut 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 report on Monday, May 12th. Truist Financial reduced their price target on Marriott Vacations Worldwide from $142.00 to $140.00 and set a "buy" rating on the stock in a research report on Friday, March 7th. Morgan Stanley raised Marriott Vacations Worldwide from an "underweight" rating to an "equal weight" rating and decreased their price target for the company from $67.00 to $57.00 in a research note on Tuesday, April 22nd. Mizuho cut their price objective on 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. Finally, The Goldman Sachs Group upped their target price on Marriott Vacations Worldwide from $48.00 to $55.00 and gave the company a "sell" rating in a report on Friday, May 9th. One 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.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $92.25.

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.