American International Group Inc. Cuts Stock Position in Marriott Vacations Worldwide Co. (NYSE:VAC)

American International Group Inc. cut its position in Marriott Vacations Worldwide Co. (NYSE:VAC) by 6.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 44,641 shares of the company’s stock after selling 3,165 shares during the period. American International Group Inc.’s holdings in Marriott Vacations Worldwide were worth $3,790,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of VAC. Quadrant Capital Group LLC raised its stake in shares of Marriott Vacations Worldwide by 20.9% during the 4th quarter. Quadrant Capital Group LLC now owns 1,013 shares of the company’s stock worth $86,000 after acquiring an additional 175 shares in the last quarter. TFO Wealth Partners LLC lifted its holdings in shares of Marriott Vacations Worldwide by 61,550.0% during the 4th quarter. TFO Wealth Partners LLC now owns 1,233 shares of the company’s stock valued at $105,000 after purchasing an additional 1,231 shares during the last quarter. Quest Partners LLC acquired a new stake in shares of Marriott Vacations Worldwide in the 4th quarter worth $141,000. MeadowBrook Investment Advisors LLC purchased a new position in Marriott Vacations Worldwide during the 4th quarter worth $197,000. Finally, M&T Bank Corp acquired a new position in Marriott Vacations Worldwide during the 4th quarter valued at about $207,000. 89.52% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft raised their price target on Marriott Vacations Worldwide from $116.00 to $121.00 and gave the stock a “buy” rating in a report on Thursday, May 9th. Barclays boosted their target price on shares of Marriott Vacations Worldwide from $102.00 to $106.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 8th. Mizuho decreased their price target on shares of Marriott Vacations Worldwide from $128.00 to $126.00 and set a “buy” rating for the company in a report on Friday, June 14th. Truist Financial boosted their price objective on shares of Marriott Vacations Worldwide from $159.00 to $161.00 and gave the company a “buy” rating in a report on Tuesday, May 28th. Finally, Stifel Nicolaus raised their target price on Marriott Vacations Worldwide from $115.00 to $117.00 and gave the stock a “buy” rating in a research note on Tuesday, May 7th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $112.22.

Marriott Vacations Worldwide Price Performance

NYSE:VAC opened at $85.15 on Monday. The firm’s fifty day moving average is $94.23 and its two-hundred day moving average is $91.92. The firm has a market cap of $2.99 billion, a price-to-earnings ratio of 15.74, a PEG ratio of 0.63 and a beta of 1.81. Marriott Vacations Worldwide Co. has a one year low of $72.78 and a one year high of $133.99. The company has a debt-to-equity ratio of 2.22, a quick ratio of 2.62 and a current ratio of 3.12.

Marriott Vacations Worldwide (NYSE:VAC) last announced its quarterly earnings results on Monday, May 6th. The company reported $1.80 earnings per share for the quarter, beating the consensus estimate of $1.66 by $0.14. Marriott Vacations Worldwide had a return on equity of 11.77% and a net margin of 4.50%. The company had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.17 billion. During the same period last year, the business earned $2.54 earnings per share. Marriott Vacations Worldwide’s quarterly revenue was up 2.2% on a year-over-year basis. Research analysts expect that Marriott Vacations Worldwide Co. will post 7.65 EPS for the current year.

Marriott Vacations Worldwide Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 6th. Investors of record on Thursday, May 23rd were given a dividend of $0.76 per share. The ex-dividend date of this dividend was Wednesday, May 22nd. This represents a $3.04 annualized dividend and a yield of 3.57%. Marriott Vacations Worldwide’s dividend payout ratio is presently 56.19%.

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.