4,340 Shares in Marriott Vacations Worldwide Corporation (NYSE:VAC) Purchased by Teacher Retirement System of Texas

Teacher Retirement System of Texas purchased a new stake in shares of Marriott Vacations Worldwide Corporation (NYSE:VAC - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 4,340 shares of the company's stock, valued at approximately $279,000.

Several other institutional investors have also recently added to or reduced their stakes in VAC. Xponance Inc. increased its position in Marriott Vacations Worldwide by 6.2% in the 4th quarter. Xponance Inc. now owns 3,809 shares of the company's stock valued at $342,000 after acquiring an additional 221 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in Marriott Vacations Worldwide in the 4th quarter valued at about $633,000. Fox Run Management L.L.C. acquired a new stake in Marriott Vacations Worldwide in the 4th quarter valued at about $560,000. Prudential Financial Inc. acquired a new stake in shares of Marriott Vacations Worldwide during the 4th quarter worth approximately $1,564,000. Finally, Norges Bank acquired a new stake in shares of Marriott Vacations Worldwide during the 4th quarter worth approximately $31,677,000. 89.52% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on VAC shares. The Goldman Sachs Group boosted their price objective on shares of Marriott Vacations Worldwide from $48.00 to $55.00 and gave the company a "sell" rating in a report on Friday, May 9th. Barclays dropped 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. Mizuho dropped 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. Finally, Morgan Stanley reaffirmed an "underweight" rating on shares of Marriott Vacations Worldwide in a research report on Tuesday, July 15th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the stock. According to MarketBeat, Marriott Vacations Worldwide has a consensus 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 business's stock in a transaction that occurred on Wednesday, June 18th. The shares were bought at an average cost of $68.11 per share, for a total transaction of $22,990,598.61. Following the acquisition, the director directly owned 4,045,984 shares in the company, valued at approximately $275,571,970.24. This trade represents a 9.10% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.60% of the stock is currently owned by company insiders.

Marriott Vacations Worldwide Price Performance

Shares of VAC stock traded up $0.06 on Friday, reaching $79.98. The company had a trading volume of 495,831 shares, compared to its average volume of 488,755. The business's 50-day moving average is $71.87 and its 200 day moving average is $71.94. The stock has a market capitalization of $2.76 billion, a PE ratio of 13.65, a price-to-earnings-growth ratio of 1.76 and a beta of 1.48. Marriott Vacations Worldwide Corporation has a one year low of $49.22 and a one year high of $100.32. The company has a quick ratio of 2.58, a current ratio of 3.16 and a debt-to-equity ratio of 2.18.

Marriott Vacations Worldwide (NYSE:VAC - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $1.66 earnings per share for the quarter, beating analysts' consensus estimates of $1.56 by $0.10. The business 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 company's revenue for the quarter was up .4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.80 EPS. Equities research analysts forecast that Marriott Vacations Worldwide Corporation will post 6.23 EPS for the current fiscal year.

Marriott Vacations Worldwide Announces Dividend

The business 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. This represents a $3.16 annualized dividend and a dividend yield of 3.95%. The ex-dividend date of this dividend was Friday, May 23rd. Marriott Vacations Worldwide's dividend payout ratio (DPR) is 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.