LSV Asset Management Lowers Stock Holdings in Marriott Vacations Worldwide Co. (NYSE:VAC)

LSV Asset Management lowered its position in Marriott Vacations Worldwide Co. (NYSE:VAC - Free Report) by 4.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 484,762 shares of the company's stock after selling 23,350 shares during the quarter. LSV Asset Management owned approximately 1.36% of Marriott Vacations Worldwide worth $41,151,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Malaga Cove Capital LLC grew its stake in Marriott Vacations Worldwide by 55.3% in the fourth quarter. Malaga Cove Capital LLC now owns 3,452 shares of the company's stock worth $293,000 after purchasing an additional 1,229 shares in the last quarter. Victory Capital Management Inc. boosted its position in Marriott Vacations Worldwide by 17.2% during the 4th quarter. Victory Capital Management Inc. now owns 490,132 shares of the company's stock valued at $41,607,000 after acquiring an additional 71,930 shares in the last quarter. State of New Jersey Common Pension Fund D boosted its position in Marriott Vacations Worldwide by 48.7% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 33,528 shares of the company's stock valued at $2,846,000 after acquiring an additional 10,988 shares in the last quarter. Louisiana State Employees Retirement System bought a new stake in Marriott Vacations Worldwide during the 4th quarter valued at $789,000. Finally, International Assets Investment Management LLC boosted its position 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 valued at $5,585,000 after acquiring an additional 65,762 shares in the last quarter. Institutional investors own 89.52% of the company's stock.

Marriott Vacations Worldwide Price Performance

Shares of NYSE:VAC traded up $0.33 during trading on Monday, reaching $97.51. 523,852 shares of the company's stock traded hands, compared to its average volume of 513,759. Marriott Vacations Worldwide Co. has a fifty-two week low of $72.78 and a fifty-two week high of $134.09. 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 firm has a market cap of $3.43 billion, a PE ratio of 15.60 and a beta of 1.85. The company has a 50-day simple moving average of $98.88 and a 200-day simple moving average of $89.29.

Marriott Vacations Worldwide (NYSE:VAC - Get Free Report) last posted its earnings results 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 firm had revenue of $1.19 billion for the quarter, compared to analysts' expectations of $1.15 billion. During the same period last year, the firm earned $2.74 EPS. The company's quarterly revenue was up .5% on a year-over-year basis. As a group, analysts predict that Marriott Vacations Worldwide Co. will post 7.8 earnings per share for the current year.

Marriott Vacations Worldwide Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 14th. Stockholders of record on Thursday, February 29th were given a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a dividend yield of 3.12%. The ex-dividend date was Wednesday, February 28th. Marriott Vacations Worldwide's dividend payout ratio (DPR) is presently 48.64%.

Analysts Set New Price Targets

VAC has been the subject of several analyst reports. Mizuho initiated coverage on Marriott Vacations Worldwide in a report on Tuesday, March 26th. They set a "buy" rating and a $128.00 price objective for the company. 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. 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. Truist Financial increased their price objective on Marriott Vacations Worldwide from $149.00 to $159.00 and gave the company a "buy" rating in a report on Tuesday, March 5th. Finally, JMP Securities increased their price objective on Marriott Vacations Worldwide from $105.00 to $115.00 and gave the company a "market outperform" rating in a report on Monday, February 26th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $109.71.

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.