Marriott Vacations Worldwide Co. (NYSE:VAC) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System lowered its stake in shares of Marriott Vacations Worldwide Co. (NYSE:VAC) by 2.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 46,155 shares of the company’s stock after selling 1,300 shares during the quarter. New York State Teachers Retirement System owned about 0.13% of Marriott Vacations Worldwide worth $3,391,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Allspring Global Investments Holdings LLC increased its stake in shares of Marriott Vacations Worldwide by 615.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 286 shares of the company’s stock valued at $31,000 after acquiring an additional 246 shares during the last quarter. Fidelis Capital Partners LLC acquired a new position in shares of Marriott Vacations Worldwide during the 1st quarter valued at about $41,000. Quarry LP increased its stake in shares of Marriott Vacations Worldwide by 368.4% during the 2nd quarter. Quarry LP now owns 445 shares of the company’s stock valued at $39,000 after acquiring an additional 350 shares during the last quarter. Innealta Capital LLC acquired a new position in shares of Marriott Vacations Worldwide during the 2nd quarter valued at about $90,000. Finally, EMC Capital Management acquired a new position in shares of Marriott Vacations Worldwide during the 1st quarter valued at about $144,000. Institutional investors and hedge funds own 89.52% of the company’s stock.

Analyst Ratings Changes

VAC has been the subject of a number of research analyst reports. StockNews.com downgraded shares of Marriott Vacations Worldwide from a “hold” rating to a “sell” rating in a research note on Friday, July 19th. Stifel Nicolaus dropped their target price on shares of Marriott Vacations Worldwide from $108.00 to $96.50 and set a “buy” rating for the company in a research report on Friday, September 13th. JMP Securities dropped their target price on shares of Marriott Vacations Worldwide from $115.00 to $90.00 and set a “market outperform” rating for the company in a research report on Friday, August 2nd. Truist Financial dropped their target price on shares of Marriott Vacations Worldwide from $161.00 to $159.00 and set a “buy” rating for the company in a research report on Friday, July 19th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of Marriott Vacations Worldwide from $121.00 to $95.00 and set a “buy” rating for the company in a research report on Tuesday, August 6th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $96.65.

Marriott Vacations Worldwide Stock Up 7.0 %

Shares of NYSE:VAC opened at $84.87 on Thursday. The company has a quick ratio of 2.72, a current ratio of 3.28 and a debt-to-equity ratio of 2.21. Marriott Vacations Worldwide Co. has a 52-week low of $67.28 and a 52-week high of $108.57. The company has a 50 day moving average of $74.96 and a two-hundred day moving average of $82.65. The company has a market capitalization of $2.98 billion, a price-to-earnings ratio of 20.11, a price-to-earnings-growth ratio of 0.73 and a beta of 1.79.

Marriott Vacations Worldwide Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Thursday, September 19th were paid a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a dividend yield of 3.58%. The ex-dividend date was Thursday, September 19th. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is currently 72.04%.

Insider Activity

In other Marriott Vacations Worldwide news, insider Jason P. Marino bought 700 shares of Marriott Vacations Worldwide stock in a transaction dated Wednesday, September 11th. The stock was bought at an average cost of $69.00 per share, for a total transaction of $48,300.00. Following the purchase, the insider now owns 15,851 shares in the company, valued at $1,093,719. This represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.30% of the company’s stock.

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.