Marriott Vacations Worldwide Co. (NYSE:VAC) Stock Position Lowered by Vanguard Group Inc.

Vanguard Group Inc. cut its holdings in shares of Marriott Vacations Worldwide Co. (NYSE:VAC - Free Report) by 2.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,078,390 shares of the company's stock after selling 92,017 shares during the quarter. Vanguard Group Inc. owned 8.67% of Marriott Vacations Worldwide worth $309,778,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Rockefeller Capital Management L.P. boosted its stake in Marriott Vacations Worldwide by 56.9% during the 4th quarter. Rockefeller Capital Management L.P. now owns 204 shares of the company's stock worth $27,000 after purchasing an additional 74 shares during the last quarter. Wellington Management Group LLP grew its position in shares of Marriott Vacations Worldwide by 5.0% during the first quarter. Wellington Management Group LLP now owns 1,905 shares of the company's stock worth $257,000 after buying an additional 91 shares in the last quarter. Ethic Inc. grew its position in shares of Marriott Vacations Worldwide by 3.7% during the first quarter. Ethic Inc. now owns 2,779 shares of the company's stock worth $438,000 after buying an additional 100 shares in the last quarter. Raymond James & Associates grew its position in shares of Marriott Vacations Worldwide by 6.0% during the first quarter. Raymond James & Associates now owns 2,004 shares of the company's stock worth $316,000 after buying an additional 113 shares in the last quarter. Finally, Commonwealth Equity Services LLC grew its position in shares of Marriott Vacations Worldwide by 2.7% during the third quarter. Commonwealth Equity Services LLC now owns 4,329 shares of the company's stock worth $527,000 after buying an additional 115 shares in the last quarter. 89.52% of the stock is owned by hedge funds and other institutional investors.

Marriott Vacations Worldwide Price Performance

Shares of VAC stock traded up $2.53 during mid-day trading on Thursday, reaching $107.83. The stock had a trading volume of 871,620 shares, compared to its average volume of 536,569. The company has a current ratio of 3.15, a quick ratio of 2.64 and a debt-to-equity ratio of 2.16. The company has a market cap of $3.79 billion, a P/E ratio of 17.25 and a beta of 1.84. Marriott Vacations Worldwide Co. has a 12-month low of $72.78 and a 12-month high of $140.30. The business has a 50-day simple moving average of $91.37 and a 200 day simple moving average of $88.98.

Marriott Vacations Worldwide (NYSE:VAC - Get Free Report) last posted its quarterly earnings data on Wednesday, February 21st. The company reported $1.88 EPS for the quarter, beating analysts' consensus estimates of $1.80 by $0.08. The business had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.15 billion. Marriott Vacations Worldwide had a return on equity of 13.21% and a net margin of 5.37%. The business's revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter last year, the company earned $2.74 earnings per share. On average, sell-side analysts anticipate that Marriott Vacations Worldwide Co. will post 7.81 earnings per share for the current year.

Marriott Vacations Worldwide Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 14th. Investors of record on Thursday, February 29th were paid a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a dividend yield of 2.82%. The ex-dividend date was Wednesday, February 28th. Marriott Vacations Worldwide's payout ratio is currently 48.64%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Barclays increased their price objective on Marriott Vacations Worldwide from $90.00 to $102.00 and gave the company an "equal weight" rating in a report on Friday, February 23rd. JPMorgan Chase & Co. increased their price objective on Marriott Vacations Worldwide from $93.00 to $107.00 and gave the company a "neutral" rating in a report on Friday, February 23rd. JMP Securities upped their price target on Marriott Vacations Worldwide from $105.00 to $115.00 and gave the stock a "market outperform" rating in a research note on Monday, February 26th. Jefferies Financial Group upped their price target on Marriott Vacations Worldwide from $90.00 to $92.00 and gave the stock a "hold" rating in a research note on Tuesday, January 2nd. Finally, Truist Financial upped their price target on Marriott Vacations Worldwide from $149.00 to $159.00 and gave the stock a "buy" rating in a research note on Tuesday, March 5th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $109.71.

About Marriott Vacations Worldwide

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.