Marriott Vacations Worldwide Co. (NYSE:VAC) Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama cut its stake in Marriott Vacations Worldwide Co. (NYSE:VAC) by 0.3% during the 4th quarter, HoldingsChannel reports. The fund owned 39,053 shares of the company’s stock after selling 125 shares during the period. Retirement Systems of Alabama’s holdings in Marriott Vacations Worldwide were worth $3,507,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Hotchkis & Wiley Capital Management LLC raised its holdings in Marriott Vacations Worldwide by 18.0% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 1,102,774 shares of the company’s stock valued at $81,032,000 after acquiring an additional 168,130 shares in the last quarter. Victory Capital Management Inc. raised its holdings in Marriott Vacations Worldwide by 0.5% in the third quarter. Victory Capital Management Inc. now owns 767,818 shares of the company’s stock valued at $56,419,000 after acquiring an additional 3,983 shares in the last quarter. New South Capital Management Inc. raised its holdings in Marriott Vacations Worldwide by 6.6% in the third quarter. New South Capital Management Inc. now owns 364,394 shares of the company’s stock valued at $26,776,000 after acquiring an additional 22,672 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in Marriott Vacations Worldwide in the third quarter valued at $14,983,000. Finally, Pathstone Holdings LLC increased its stake in Marriott Vacations Worldwide by 3.6% during the third quarter. Pathstone Holdings LLC now owns 153,860 shares of the company’s stock valued at $11,306,000 after purchasing an additional 5,391 shares during the last quarter. 89.52% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have weighed in on VAC. Stifel Nicolaus boosted their target price on shares of Marriott Vacations Worldwide from $102.00 to $112.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Mizuho boosted their target price 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. The Goldman Sachs Group boosted their target price on shares of Marriott Vacations Worldwide from $70.00 to $85.00 and gave the company a “sell” rating in a research note on Tuesday, December 10th. StockNews.com upgraded shares of Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. Finally, Truist Financial boosted their target price on shares of Marriott Vacations Worldwide from $139.00 to $142.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. 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. Based on data from MarketBeat, Marriott Vacations Worldwide currently has a consensus rating of “Hold” and a consensus price target of $105.67.

Marriott Vacations Worldwide Stock Down 1.6 %

Marriott Vacations Worldwide stock opened at $84.10 on Tuesday. The company has a 50-day simple moving average of $89.01 and a 200-day simple moving average of $82.38. The firm has a market capitalization of $2.94 billion, a P/E ratio of 16.02, a P/E/G ratio of 0.66 and a beta of 1.83. The company has a debt-to-equity ratio of 2.19, a quick ratio of 2.86 and a current ratio of 3.53. Marriott Vacations Worldwide Co. has a one year low of $67.28 and a one year high of $108.57.

Marriott Vacations Worldwide Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Thursday, December 19th were issued a $0.79 dividend. The ex-dividend date of this dividend was Thursday, December 19th. This represents a $3.16 annualized dividend and a yield of 3.76%. This is an increase from Marriott Vacations Worldwide’s previous quarterly dividend of $0.76. Marriott Vacations Worldwide’s dividend payout ratio is presently 60.19%.

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.