Marriott Vacations Worldwide Co. (NYSE:VAC) Shares Sold by Bamco Inc. NY

Bamco Inc. NY decreased its position in shares of Marriott Vacations Worldwide Co. (NYSE:VAC - Free Report) by 37.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 49,539 shares of the company's stock after selling 30,262 shares during the quarter. Bamco Inc. NY owned approximately 0.14% of Marriott Vacations Worldwide worth $4,449,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Pacer Advisors Inc. lifted its holdings in Marriott Vacations Worldwide by 2.7% during the 4th quarter. Pacer Advisors Inc. now owns 6,404 shares of the company's stock worth $575,000 after buying an additional 166 shares in the last quarter. Xponance Inc. grew its holdings in Marriott Vacations Worldwide by 6.2% during the 4th quarter. Xponance Inc. now owns 3,809 shares of the company's stock valued at $342,000 after buying an additional 221 shares during the last quarter. Blue Trust Inc. lifted its position in Marriott Vacations Worldwide by 130.7% during the fourth quarter. Blue Trust Inc. now owns 533 shares of the company's stock worth $48,000 after buying an additional 302 shares during the period. Venturi Wealth Management LLC increased its position in Marriott Vacations Worldwide by 40.7% during the 4th quarter. Venturi Wealth Management LLC now owns 1,572 shares of the company's stock worth $141,000 after purchasing an additional 455 shares in the last quarter. Finally, Tidal Investments LLC increased its stake in Marriott Vacations Worldwide by 6.1% during the 3rd quarter. Tidal Investments LLC now owns 8,098 shares of the company's stock worth $595,000 after buying an additional 464 shares during the period. 89.52% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Stephanie Sobeck Butera bought 650 shares of the company's stock in a transaction that occurred on Thursday, March 6th. The shares were bought at an average price of $71.66 per share, for a total transaction of $46,579.00. Following the completion of the acquisition, the insider now owns 8,770 shares of the company's stock, valued at $628,458.20. This trade represents a 8.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.60% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Barclays dropped their price objective on shares of Marriott Vacations Worldwide from $116.00 to $97.00 and set an "overweight" rating on the stock in a report on Friday, February 28th. Truist Financial cut their price target on shares of Marriott Vacations Worldwide from $142.00 to $140.00 and set a "buy" rating on the stock in a report on Friday, March 7th. Stifel Nicolaus decreased their target price on shares of Marriott Vacations Worldwide from $112.00 to $108.00 and set a "buy" rating for the company in a research note on Thursday, February 27th. Mizuho decreased their target price on Marriott Vacations Worldwide from $112.00 to $105.00 and set an "outperform" rating for the company in a research report on Friday. Finally, Morgan Stanley raised shares of 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 report on Tuesday, April 22nd. One equities 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.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $93.38.

Marriott Vacations Worldwide Trading Up 0.5 %

NYSE VAC traded up $0.34 during trading hours on Friday, hitting $64.66. 595,989 shares of the company's stock were exchanged, compared to its average volume of 447,660. The company has a current ratio of 3.53, a quick ratio of 2.86 and a debt-to-equity ratio of 2.19. Marriott Vacations Worldwide Co. has a 1-year low of $49.22 and a 1-year high of $102.39. The stock has a 50-day simple moving average of $60.61 and a 200 day simple moving average of $78.50. The firm has a market cap of $2.23 billion, a price-to-earnings ratio of 12.32, a PEG ratio of 0.67 and a beta of 1.42.

Marriott Vacations Worldwide (NYSE:VAC - Get Free Report) last posted its quarterly earnings data 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 net margin of 4.20% and a return on equity of 10.89%. The firm had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.21 billion. During the same quarter last year, the business posted $1.80 EPS. The company's revenue for the quarter was up .4% on a year-over-year basis. On average, equities analysts forecast that Marriott Vacations Worldwide Co. will post 6.23 EPS for the current fiscal year.

Marriott Vacations Worldwide Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th were paid a $0.79 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 4.89%. 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.