Tudor Investment Corp ET AL Reduces Stock Holdings in Marriott Vacations Worldwide Co. (NYSE:VAC)

Tudor Investment Corp ET AL cut its position in shares of Marriott Vacations Worldwide Co. (NYSE:VAC - Free Report) by 83.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,260 shares of the company's stock after selling 88,222 shares during the period. Tudor Investment Corp ET AL's holdings in Marriott Vacations Worldwide were worth $1,550,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Blue Trust Inc. lifted its position in Marriott Vacations Worldwide by 130.7% in 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 last quarter. Dark Forest Capital Management LP bought a new stake in shares of Marriott Vacations Worldwide in the 4th quarter worth about $734,000. Norges Bank purchased a new position in shares of Marriott Vacations Worldwide during the 4th quarter worth about $31,677,000. Family Office Research LLC bought a new position in Marriott Vacations Worldwide during the 4th quarter valued at about $1,702,000. Finally, Fox Run Management L.L.C. purchased a new stake in Marriott Vacations Worldwide in the 4th quarter worth about $560,000. Hedge funds and other institutional investors own 89.52% of the company's stock.

Marriott Vacations Worldwide Stock Up 0.5 %

NYSE:VAC traded up $0.34 during trading hours on Friday, reaching $64.66. The company's stock had a trading volume of 595,989 shares, compared to its average volume of 447,660. The company has a debt-to-equity ratio of 2.19, a quick ratio of 2.86 and a current ratio of 3.53. The company has a market capitalization of $2.23 billion, a P/E ratio of 12.32, a price-to-earnings-growth ratio of 0.67 and a beta of 1.42. The stock has a 50 day moving average price of $60.61 and a two-hundred day moving average price of $78.50. Marriott Vacations Worldwide Co. has a 12 month low of $49.22 and a 12 month high of $102.39.

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

Marriott Vacations Worldwide Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th were paid a $0.79 dividend. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $3.16 annualized dividend and a yield of 4.89%. Marriott Vacations Worldwide's dividend payout ratio (DPR) is 56.23%.

Insiders Place Their Bets

In related news, insider Stephanie Sobeck Butera bought 650 shares of the stock in a transaction that occurred on Thursday, March 6th. The stock was bought at an average cost of $71.66 per share, for a total transaction of $46,579.00. Following the purchase, the insider now directly owns 8,770 shares of the company's stock, valued at approximately $628,458.20. This trade represents a 8.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.60% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on VAC. Barclays dropped their target price on Marriott Vacations Worldwide from $116.00 to $97.00 and set an "overweight" rating for the company in a research report on Friday, February 28th. Mizuho reduced their target price on Marriott Vacations Worldwide from $112.00 to $105.00 and set an "outperform" rating on the stock in a research note on Friday. Morgan Stanley raised shares of Marriott Vacations Worldwide from an "underweight" rating to an "equal weight" rating and reduced their price target for the stock from $67.00 to $57.00 in a research note on Tuesday, April 22nd. Truist Financial lowered 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 research report on Friday, March 7th. Finally, Stifel Nicolaus lowered their price target on Marriott Vacations Worldwide from $112.00 to $108.00 and set a "buy" rating for the company in a report on Thursday, February 27th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Marriott Vacations Worldwide presently has a consensus rating of "Moderate Buy" and a consensus price target of $93.38.

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.