Marriott Vacations Worldwide Co. (NYSE:VAC) Shares Purchased by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D grew its holdings in Marriott Vacations Worldwide Co. (NYSE:VAC - Free Report) by 48.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 33,528 shares of the company's stock after purchasing an additional 10,988 shares during the period. State of New Jersey Common Pension Fund D owned approximately 0.09% of Marriott Vacations Worldwide worth $2,846,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of VAC. Pallas Capital Advisors LLC acquired a new position in Marriott Vacations Worldwide during the 4th quarter worth about $3,920,000. Nordea Investment Management AB lifted its stake in Marriott Vacations Worldwide by 81.6% during the 4th quarter. Nordea Investment Management AB now owns 32,586 shares of the company's stock worth $2,775,000 after acquiring an additional 14,646 shares in the last quarter. International Assets Investment Management LLC lifted its stake in Marriott Vacations Worldwide by 234,864.3% during the 4th quarter. International Assets Investment Management LLC now owns 65,790 shares of the company's stock worth $5,585,000 after acquiring an additional 65,762 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its stake in Marriott Vacations Worldwide by 146.2% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 4,366 shares of the company's stock worth $439,000 after acquiring an additional 2,593 shares in the last quarter. Finally, New South Capital Management Inc. lifted its stake in 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 worth $24,785,000 after acquiring an additional 130,872 shares in the last quarter. Institutional investors and hedge funds own 89.52% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. JPMorgan Chase & Co. increased their target price on Marriott Vacations Worldwide from $93.00 to $107.00 and gave the stock a "neutral" rating in a research note on Friday, February 23rd. 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 report on Tuesday, January 2nd. 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 report on Tuesday, March 5th. 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 report on Monday, February 26th. Finally, Barclays upped their price target 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. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $109.71.

Marriott Vacations Worldwide Stock Down 2.5 %

Shares of VAC traded down $2.45 during mid-day trading on Tuesday, reaching $96.13. The company's stock had a trading volume of 557,725 shares, compared to its average volume of 521,662. Marriott Vacations Worldwide Co. has a 12-month low of $72.78 and a 12-month high of $138.21. The stock has a market cap of $3.38 billion, a PE ratio of 15.38 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. The company's 50 day moving average is $98.39 and its 200 day moving average is $89.19.

Marriott Vacations Worldwide (NYSE:VAC - Get Free Report) last released 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. 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 prior year, the business posted $2.74 EPS. The business's revenue for the quarter was up .5% on a year-over-year basis. Equities analysts anticipate that Marriott Vacations Worldwide Co. will post 7.8 EPS for the current fiscal year.

Marriott Vacations Worldwide Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $3.04 dividend on an annualized basis and a yield of 3.16%. Marriott Vacations Worldwide's dividend 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.