Louisiana State Employees Retirement System Takes $789,000 Position in Marriott Vacations Worldwide Co. (NYSE:VAC)

Louisiana State Employees Retirement System purchased a new stake in shares of Marriott Vacations Worldwide Co. (NYSE:VAC - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 9,300 shares of the company's stock, valued at approximately $789,000.

A number of other large investors have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC grew its holdings in Marriott Vacations Worldwide by 194.1% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 250 shares of the company's stock worth $25,000 after acquiring an additional 165 shares in the last quarter. Signaturefd LLC grew its holdings in Marriott Vacations Worldwide by 342.3% during the 3rd quarter. Signaturefd LLC now owns 1,150 shares of the company's stock worth $116,000 after acquiring an additional 890 shares in the last quarter. Covestor Ltd grew its holdings in Marriott Vacations Worldwide by 62.0% during the 3rd quarter. Covestor Ltd now owns 1,184 shares of the company's stock worth $119,000 after acquiring an additional 453 shares in the last quarter. NBC Securities Inc. acquired a new position in Marriott Vacations Worldwide during the 3rd quarter worth $132,000. Finally, Quantbot Technologies LP acquired a new position in Marriott Vacations Worldwide during the 3rd quarter worth $143,000. 89.52% of the stock is owned by institutional investors and hedge funds.

Marriott Vacations Worldwide Price Performance

Shares of VAC traded down $0.16 during mid-day trading on Friday, hitting $100.87. The company's stock had a trading volume of 250,210 shares, compared to its average volume of 467,562. The firm has a 50-day moving average price of $98.12 and a 200 day moving average price of $89.24. The stock has a market capitalization of $3.55 billion, a price-to-earnings ratio of 16.14 and a beta of 1.85. The company has a debt-to-equity ratio of 2.16, a current ratio of 3.15 and a quick ratio of 2.64. Marriott Vacations Worldwide Co. has a fifty-two week low of $72.78 and a fifty-two week high of $138.21.

Marriott Vacations Worldwide (NYSE:VAC - Get Free Report) last announced its quarterly earnings data on Wednesday, February 21st. The company reported $1.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.80 by $0.08. The company had revenue of $1.19 billion for the quarter, compared to analysts' expectations of $1.15 billion. Marriott Vacations Worldwide had a net margin of 5.37% and a return on equity of 13.21%. The business's revenue was up .5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.74 EPS. On average, research analysts predict that Marriott Vacations Worldwide Co. will post 7.8 EPS for the current fiscal year.

Marriott Vacations Worldwide Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 14th. Investors of record on Thursday, February 29th were issued a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a dividend yield of 3.01%. The ex-dividend date of this dividend was Wednesday, February 28th. Marriott Vacations Worldwide's dividend payout ratio is currently 48.64%.

Wall Street Analysts Forecast Growth

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