Marriott Vacations Worldwide Co. (NYSE:VAC) Position Reduced by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD trimmed its holdings in shares of Marriott Vacations Worldwide Co. (NYSE:VAC - Free Report) by 34.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,659 shares of the company's stock after selling 12,213 shares during the period. Price T Rowe Associates Inc. MD owned about 0.07% of Marriott Vacations Worldwide worth $2,125,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the business. Blue Trust Inc. grew its stake in Marriott Vacations Worldwide by 130.7% in the 4th 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 last quarter. Dark Forest Capital Management LP purchased a new position in shares of Marriott Vacations Worldwide during the 4th quarter worth approximately $734,000. Norges Bank purchased a new position in shares of Marriott Vacations Worldwide during the 4th quarter worth approximately $31,677,000. Family Office Research LLC acquired a new position in shares of Marriott Vacations Worldwide during the 4th quarter worth approximately $1,702,000. Finally, Fox Run Management L.L.C. purchased a new stake in Marriott Vacations Worldwide in the 4th quarter valued at approximately $560,000. 89.52% of the stock is owned by institutional investors and hedge funds.

Marriott Vacations Worldwide Trading Up 0.5 %

Shares of VAC traded up $0.34 during trading hours on Friday, hitting $64.66. The stock had a trading volume of 595,989 shares, compared to its average volume of 447,319. Marriott Vacations Worldwide Co. has a 12-month low of $49.22 and a 12-month high of $102.39. The firm has a market cap of $2.23 billion, a P/E ratio of 12.32, a P/E/G ratio of 0.67 and a beta of 1.42. 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's fifty day simple moving average is $60.61 and its 200 day simple moving average is $78.48.

Marriott Vacations Worldwide (NYSE:VAC - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.56 by $0.10. The company 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 4.20% and a return on equity of 10.89%. Marriott Vacations Worldwide's revenue for the quarter was up .4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.80 earnings per share. Equities research analysts forecast that Marriott Vacations Worldwide Co. will post 6.23 EPS for the current fiscal year.

Marriott Vacations Worldwide Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th were issued a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a yield of 4.89%. The ex-dividend date was Wednesday, March 5th. Marriott Vacations Worldwide's dividend payout ratio is presently 56.23%.

Analyst Ratings Changes

VAC has been the subject of a number of analyst reports. The Goldman Sachs Group boosted their price target on Marriott Vacations Worldwide from $48.00 to $55.00 and gave the stock a "sell" rating in a report on Friday. Morgan Stanley raised shares of Marriott Vacations Worldwide from an "underweight" rating to an "equal weight" rating and decreased their price target for the stock from $67.00 to $57.00 in a research note on Tuesday, April 22nd. Stifel Nicolaus cut their price objective on shares of 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. Truist Financial decreased their target price on shares of Marriott Vacations Worldwide from $142.00 to $140.00 and set a "buy" rating on the stock in a research report on Friday, March 7th. Finally, Mizuho reduced their price target on Marriott Vacations Worldwide from $112.00 to $105.00 and set an "outperform" rating on the stock in a research note on Friday. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $93.38.

Insider Buying and Selling at Marriott Vacations Worldwide

In other news, insider Stephanie Sobeck Butera bought 650 shares of the firm's stock in a transaction dated Thursday, March 6th. The stock was acquired at an average cost of $71.66 per share, for a total transaction of $46,579.00. Following the completion of the purchase, 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 ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.60% of the stock is owned by corporate insiders.

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.