Teacher Retirement System of Texas Buys New Position in Marriott Vacations Worldwide Corporation (NYSE:VAC)

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

Several other institutional investors and hedge funds also recently added to or reduced their stakes in VAC. Point72 Asset Management L.P. bought a new stake in shares of Marriott Vacations Worldwide in the 4th quarter worth about $37,974,000. Norges Bank purchased a new position in Marriott Vacations Worldwide in the fourth quarter worth about $31,677,000. AQR Capital Management LLC grew its position 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 worth $68,510,000 after acquiring an additional 245,427 shares in the last quarter. Ananym Capital Management LP purchased a new position in Marriott Vacations Worldwide in the fourth quarter worth about $21,987,000. Finally, Arrowstreet Capital Limited Partnership grew its position in Marriott Vacations Worldwide by 45.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 475,938 shares of the company's stock worth $42,739,000 after acquiring an additional 148,457 shares in the last quarter. Hedge funds and other institutional investors own 89.52% of the company's stock.

Analysts Set New Price Targets

VAC has been the topic of a number of research analyst reports. Mizuho dropped their target price 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 stock a "sell" rating in a research report on Friday, May 9th. Morgan Stanley reaffirmed an "underweight" rating on shares of Marriott Vacations Worldwide in a research report on Tuesday, July 15th. Finally, Barclays decreased their target price on shares of Marriott Vacations Worldwide from $97.00 to $88.00 and set an "overweight" rating for the company in a research report on Monday, May 12th. 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's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $92.25.

Insider Buying and Selling

In other news, Director Christian Asmar acquired 412,449 shares of the business's stock in a transaction that occurred on Tuesday, June 17th. The stock was acquired at an average price of $67.61 per share, with a total value of $27,885,676.89. Following the completion of the transaction, the director directly owned 3,708,433 shares of the company's stock, valued at $250,727,155.13. This trade represents a 12.51% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.60% of the stock is currently owned by company insiders.

Marriott Vacations Worldwide Stock Performance

Marriott Vacations Worldwide stock traded up $3.37 on Wednesday, hitting $84.93. The company's stock had a trading volume of 541,826 shares, compared to its average volume of 490,092. The firm has a market cap of $2.93 billion, a P/E ratio of 14.49, a price-to-earnings-growth ratio of 1.79 and a beta of 1.48. 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 company has a fifty day moving average price of $72.24 and a 200-day moving average price of $71.85. Marriott Vacations Worldwide Corporation has a one year low of $49.22 and a one year high of $100.32.

Marriott Vacations Worldwide (NYSE:VAC - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.56 by $0.10. The firm 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 quarterly revenue was up .4% on a year-over-year basis. During the same period last year, the firm posted $1.80 EPS. On average, equities analysts anticipate that Marriott Vacations Worldwide Corporation will post 6.23 earnings per share for the current year.

Marriott Vacations Worldwide Dividend Announcement

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

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.