Nisa Investment Advisors LLC Sells 16,331 Shares of Marriott Vacations Worldwide Co. (NYSE:VAC)

Nisa Investment Advisors LLC trimmed its position in Marriott Vacations Worldwide Co. (NYSE:VAC - Free Report) by 74.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 5,728 shares of the company's stock after selling 16,331 shares during the period. Nisa Investment Advisors LLC's holdings in Marriott Vacations Worldwide were worth $486,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Rockefeller Capital Management L.P. boosted its holdings in Marriott Vacations Worldwide by 56.9% in the fourth quarter. Rockefeller Capital Management L.P. now owns 204 shares of the company's stock valued at $27,000 after acquiring an additional 74 shares during the last quarter. Wellington Management Group LLP boosted its stake in shares of Marriott Vacations Worldwide by 5.0% in the 1st quarter. Wellington Management Group LLP now owns 1,905 shares of the company's stock valued at $257,000 after purchasing an additional 91 shares during the last quarter. Ethic Inc. grew its position in shares of Marriott Vacations Worldwide by 3.7% during the 1st quarter. Ethic Inc. now owns 2,779 shares of the company's stock worth $438,000 after buying an additional 100 shares during the period. Raymond James & Associates grew its position in shares of Marriott Vacations Worldwide by 6.0% during the 1st quarter. Raymond James & Associates now owns 2,004 shares of the company's stock worth $316,000 after buying an additional 113 shares during the period. Finally, Commonwealth Equity Services LLC raised its stake 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 during the last quarter. 89.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have commented on VAC. Truist Financial lifted their target price on shares of Marriott Vacations Worldwide from $149.00 to $159.00 and gave the stock a "buy" rating in a report on Tuesday, March 5th. JPMorgan Chase & Co. increased their target price on Marriott Vacations Worldwide from $93.00 to $107.00 and gave the company a "neutral" rating in a research note on Friday, February 23rd. Mizuho initiated coverage on Marriott Vacations Worldwide in a report on Tuesday, March 26th. They set a "buy" rating and a $128.00 target price on the stock. JMP Securities upped their price target on Marriott Vacations Worldwide from $105.00 to $115.00 and gave the company a "market outperform" rating in a research note on Monday, February 26th. Finally, Jefferies Financial Group lifted their price objective on shares of Marriott Vacations Worldwide from $90.00 to $92.00 and gave the stock a "hold" rating in a research note on Tuesday, January 2nd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $109.71.

Marriott Vacations Worldwide Stock Up 1.3 %

NYSE VAC traded up $1.27 during trading on Thursday, hitting $98.94. The stock had a trading volume of 425,565 shares, compared to its average volume of 534,675. The company's 50-day moving average price is $96.07 and its two-hundred day moving average price is $89.00. The company has a debt-to-equity ratio of 2.16, a quick ratio of 2.64 and a current ratio of 3.15. Marriott Vacations Worldwide Co. has a 12 month low of $72.78 and a 12 month high of $140.30. The company has a market capitalization of $3.48 billion, a PE ratio of 15.63 and a beta of 1.85.

Marriott Vacations Worldwide (NYSE:VAC - Get Free Report) last released its earnings results on Wednesday, February 21st. The company reported $1.88 earnings per share (EPS) for the quarter, beating 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 business 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 earnings per share. Marriott Vacations Worldwide's quarterly revenue was up .5% on a year-over-year basis. As a group, sell-side analysts forecast that Marriott Vacations Worldwide Co. will post 7.81 EPS for the current year.

Marriott Vacations Worldwide Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 14th. Stockholders of record on Thursday, February 29th were issued a $0.76 dividend. This represents a $3.04 annualized dividend and a dividend yield of 3.07%. The ex-dividend date was Wednesday, February 28th. Marriott Vacations Worldwide's payout ratio is presently 48.64%.

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.