Nisa Investment Advisors LLC Trims Stake in Marriott Vacations Worldwide Co. (NYSE:VAC)

Nisa Investment Advisors LLC trimmed its stake in Marriott Vacations Worldwide Co. (NYSE:VAC) by 30.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 6,237 shares of the company’s stock after selling 2,696 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Marriott Vacations Worldwide were worth $565,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Scientech Research LLC acquired a new position in Marriott Vacations Worldwide in the 2nd quarter valued at about $249,000. Creative Planning lifted its stake in shares of Marriott Vacations Worldwide by 13.3% during the second quarter. Creative Planning now owns 9,648 shares of the company’s stock valued at $842,000 after buying an additional 1,131 shares during the period. Quarry LP boosted its position in Marriott Vacations Worldwide by 368.4% during the second quarter. Quarry LP now owns 445 shares of the company’s stock worth $39,000 after acquiring an additional 350 shares during the last quarter. Coronation Fund Managers Ltd. grew its stake in Marriott Vacations Worldwide by 162.3% in the 2nd quarter. Coronation Fund Managers Ltd. now owns 37,117 shares of the company’s stock worth $3,241,000 after acquiring an additional 22,968 shares during the period. Finally, CWM LLC raised its holdings in Marriott Vacations Worldwide by 97.9% in the 3rd quarter. CWM LLC now owns 5,391 shares of the company’s stock valued at $396,000 after acquiring an additional 2,667 shares during the last quarter. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Marriott Vacations Worldwide Stock Performance

VAC stock opened at $87.51 on Wednesday. The stock’s 50 day simple moving average is $90.80 and its 200 day simple moving average is $82.48. Marriott Vacations Worldwide Co. has a 12-month low of $67.28 and a 12-month high of $108.57. The firm has a market cap of $3.05 billion, a P/E ratio of 16.67, a P/E/G ratio of 0.65 and a beta of 1.84. The company has a current ratio of 3.53, a quick ratio of 2.86 and a debt-to-equity ratio of 2.19.

Marriott Vacations Worldwide Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Thursday, December 19th were paid a dividend of $0.79 per share. This is a positive change from Marriott Vacations Worldwide’s previous quarterly dividend of $0.76. The ex-dividend date of this dividend was Thursday, December 19th. This represents a $3.16 annualized dividend and a yield of 3.61%. Marriott Vacations Worldwide’s dividend payout ratio is 60.19%.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Truist Financial lifted their price target on Marriott Vacations Worldwide from $139.00 to $142.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. StockNews.com raised shares of Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Stifel Nicolaus lifted their price target on shares of Marriott Vacations Worldwide from $102.00 to $112.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Mizuho boosted their price objective on shares of Marriott Vacations Worldwide from $110.00 to $117.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Finally, The Goldman Sachs Group increased their target price on Marriott Vacations Worldwide from $70.00 to $85.00 and gave the stock a “sell” rating in a research report on Tuesday, December 10th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $105.67.

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.