Marriott Vacations Worldwide Co. (NYSE:VAC) Shares Sold by Senvest Management LLC

Senvest Management LLC cut its holdings in shares of Marriott Vacations Worldwide Co. (NYSE:VAC - Free Report) by 21.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,652,969 shares of the company's stock after selling 447,817 shares during the period. Marriott Vacations Worldwide comprises about 5.4% of Senvest Management LLC's portfolio, making the stock its 5th biggest position. Senvest Management LLC owned about 4.65% of Marriott Vacations Worldwide worth $140,321,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Marriott Vacations Worldwide during the fourth quarter valued at $57,540,000. Van Berkom & Associates Inc. raised its holdings in shares of Marriott Vacations Worldwide by 31.2% during the 3rd quarter. Van Berkom & Associates Inc. now owns 599,290 shares of the company's stock valued at $60,307,000 after buying an additional 142,349 shares during the period. Burgundy Asset Management Ltd. raised its holdings in shares of Marriott Vacations Worldwide by 25.0% during the 3rd quarter. Burgundy Asset Management Ltd. now owns 686,302 shares of the company's stock valued at $69,063,000 after buying an additional 137,236 shares during the period. New South Capital Management Inc. raised its holdings in shares of Marriott Vacations Worldwide by 113.4% during the 3rd quarter. New South Capital Management Inc. now owns 246,297 shares of the company's stock valued at $24,785,000 after buying an additional 130,872 shares during the period. Finally, Victory Capital Management Inc. raised its holdings in shares of Marriott Vacations Worldwide by 43.1% during the 3rd quarter. Victory Capital Management Inc. now owns 418,202 shares of the company's stock valued at $42,084,000 after buying an additional 125,926 shares during the period. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Marriott Vacations Worldwide Stock Performance

VAC stock traded up $0.20 during trading on Friday, reaching $100.18. 447,734 shares of the company's stock were exchanged, compared to its average volume of 594,693. Marriott Vacations Worldwide Co. has a 1-year low of $72.78 and a 1-year high of $140.30. The company has a quick ratio of 2.64, a current ratio of 3.15 and a debt-to-equity ratio of 2.16. The company's fifty day moving average price is $93.60 and its 200-day moving average price is $88.96. The firm has a market cap of $3.52 billion, a PE ratio of 16.03 and a beta of 1.85.

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, topping analysts' consensus estimates of $1.80 by $0.08. Marriott Vacations Worldwide had a return on equity of 13.21% and a net margin of 5.37%. The company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter in the previous year, the business earned $2.74 EPS. The company's quarterly revenue was up .5% compared to the same quarter last year. On average, research analysts expect that Marriott Vacations Worldwide Co. will post 7.81 EPS for the current fiscal year.

Marriott Vacations Worldwide Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 14th. Stockholders of record on Thursday, February 29th were paid a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a dividend yield of 3.03%. The ex-dividend date of this dividend was Wednesday, February 28th. Marriott Vacations Worldwide's dividend payout ratio is presently 48.64%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on VAC shares. Barclays lifted their price objective on Marriott Vacations Worldwide from $90.00 to $102.00 and gave the stock an "equal weight" rating in a report on Friday, February 23rd. JPMorgan Chase & Co. boosted their price objective on Marriott Vacations Worldwide from $93.00 to $107.00 and gave the company a "neutral" rating in a research report on Friday, February 23rd. Truist Financial boosted their price objective on Marriott Vacations Worldwide from $149.00 to $159.00 and gave the company a "buy" rating in a research report on Tuesday, March 5th. Jefferies Financial Group boosted their price objective on Marriott Vacations Worldwide from $90.00 to $92.00 and gave the company a "hold" rating in a research report on Tuesday, January 2nd. Finally, Mizuho assumed coverage on Marriott Vacations Worldwide in a research report on Tuesday, March 26th. They set a "buy" rating and a $128.00 price target for the company. Two equities research 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. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $109.71.

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.