Price T Rowe Associates Inc. MD Cuts Holdings in Marriott Vacations Worldwide Co. (NYSE:VAC)

Price T Rowe Associates Inc. MD lowered its position in shares of Marriott Vacations Worldwide Co. (NYSE:VAC - Free Report) by 34.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 23,659 shares of the company's stock after selling 12,213 shares during the quarter. Price T Rowe Associates Inc. MD owned 0.07% of Marriott Vacations Worldwide worth $2,125,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of VAC. Pacer Advisors Inc. lifted its holdings in Marriott Vacations Worldwide by 2.7% during the fourth quarter. Pacer Advisors Inc. now owns 6,404 shares of the company's stock worth $575,000 after acquiring an additional 166 shares during the period. Xponance Inc. increased its position in shares of 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 purchasing an additional 221 shares during the last quarter. Blue Trust Inc. increased its position in shares of Marriott Vacations Worldwide by 130.7% during the 4th quarter. Blue Trust Inc. now owns 533 shares of the company's stock valued at $48,000 after purchasing an additional 302 shares during the last quarter. Venturi Wealth Management LLC raised its stake in shares of 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 during the period. Finally, Tidal Investments LLC boosted its holdings in shares of Marriott Vacations Worldwide by 6.1% in 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 last quarter. Hedge funds and other institutional investors own 89.52% of the company's stock.

Wall Street Analyst Weigh In

VAC has been the subject of a number of research analyst reports. Truist Financial decreased 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. Mizuho decreased their price target on shares of Marriott Vacations Worldwide from $112.00 to $105.00 and set an "outperform" rating for the company in a research note on Friday. Stifel Nicolaus lowered their price target on shares of Marriott Vacations Worldwide from $112.00 to $108.00 and set a "buy" rating on the stock in a report on Thursday, February 27th. The Goldman Sachs Group increased their price objective on Marriott Vacations Worldwide from $48.00 to $55.00 and gave the company a "sell" rating in a report on Friday. Finally, Morgan Stanley raised Marriott Vacations Worldwide from an "underweight" rating to an "equal weight" rating and decreased their target price for the stock 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 assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Marriott Vacations Worldwide has a consensus rating of "Moderate Buy" and an average price target of $92.25.

Marriott Vacations Worldwide Stock Performance

Shares of NYSE:VAC traded up $2.14 during trading on Tuesday, hitting $72.07. 158,550 shares of the company were exchanged, compared to its average volume of 448,049. The company has a market cap of $2.49 billion, a PE ratio of 13.73, a P/E/G ratio of 0.67 and a beta of 1.42. Marriott Vacations Worldwide Co. has a 52-week low of $49.22 and a 52-week high of $102.39. The company has a debt-to-equity ratio of 2.19, a current ratio of 3.53 and a quick ratio of 2.86. The stock has a 50 day moving average of $60.56 and a 200 day moving average of $78.46.

Marriott Vacations Worldwide (NYSE:VAC - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported $1.66 EPS for the quarter, topping 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 during the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter last year, the company earned $1.80 EPS. The firm's revenue was up .4% compared to the same quarter last year. As a group, equities research analysts predict that Marriott Vacations Worldwide Co. will post 6.23 EPS for the current year.

Marriott Vacations Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 23rd will be issued a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a yield of 4.38%. Marriott Vacations Worldwide's dividend payout ratio (DPR) is presently 53.92%.

Insider Buying and Selling

In other Marriott Vacations Worldwide news, insider Stephanie Sobeck Butera bought 650 shares of the firm's stock in a transaction on Thursday, March 6th. The shares were acquired 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 $628,458.20. The trade was a 8.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.60% of the stock is currently owned by 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.