Wedge Capital Management L L P NC Sells 6,442 Shares of Marriott Vacations Worldwide Co. (NYSE:VAC)

Wedge Capital Management L L P NC reduced its stake in shares of Marriott Vacations Worldwide Co. (NYSE:VAC - Free Report) by 11.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,691 shares of the company's stock after selling 6,442 shares during the quarter. Wedge Capital Management L L P NC owned about 0.15% of Marriott Vacations Worldwide worth $3,321,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Blue Trust Inc. boosted its holdings in shares of Marriott Vacations Worldwide by 130.7% in the fourth quarter. Blue Trust Inc. now owns 533 shares of the company's stock valued at $48,000 after acquiring an additional 302 shares during the period. True Wealth Design LLC increased its stake in Marriott Vacations Worldwide by 35.2% during the fourth 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. purchased a new stake in shares of Marriott Vacations Worldwide during the 4th quarter valued at about $89,000. Atala Financial Inc bought a new stake in Marriott Vacations Worldwide in the fourth quarter valued at about $112,000. Finally, Venturi Wealth Management LLC lifted its stake in Marriott Vacations Worldwide by 40.7% in the fourth quarter. Venturi Wealth Management LLC now owns 1,572 shares of the company's stock valued at $141,000 after buying an additional 455 shares during the last quarter. Institutional investors and hedge funds own 89.52% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on VAC. Truist Financial reduced 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. Stifel Nicolaus cut their price objective on Marriott Vacations Worldwide from $112.00 to $108.00 and set a "buy" rating for the company in a research report on Thursday, February 27th. Mizuho decreased their target price on Marriott Vacations Worldwide from $112.00 to $105.00 and set an "outperform" rating on the stock in a report on Friday, May 9th. Barclays reduced their target price on Marriott Vacations Worldwide from $97.00 to $88.00 and set an "overweight" rating for the company in a report on Monday, May 12th. Finally, The Goldman Sachs Group lifted their target price 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. 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. According to MarketBeat, Marriott Vacations Worldwide has a consensus rating of "Moderate Buy" and an average price target of $92.25.

Marriott Vacations Worldwide Price Performance

VAC traded up $1.17 during midday trading on Tuesday, reaching $67.75. 305,159 shares of the company's stock were exchanged, compared to its average volume of 455,463. The company has a quick ratio of 2.86, a current ratio of 3.53 and a debt-to-equity ratio of 2.19. The business has a 50-day simple moving average of $60.77 and a two-hundred day simple moving average of $75.70. The firm has a market capitalization of $2.34 billion, a price-to-earnings ratio of 12.90, a price-to-earnings-growth ratio of 0.67 and a beta of 1.46. Marriott Vacations Worldwide Co. 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 EPS for the quarter, beating the consensus estimate of $1.56 by $0.10. Marriott Vacations Worldwide had a return on equity of 10.89% and a net margin of 4.20%. The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same quarter in the previous year, the firm earned $1.80 EPS. Marriott Vacations Worldwide's quarterly revenue was up .4% on a year-over-year basis. As a group, research analysts predict that Marriott Vacations Worldwide Co. will post 6.23 EPS for the current year.

Marriott Vacations Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 23rd were paid 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 yield of 4.66%. Marriott Vacations Worldwide's dividend payout ratio 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.