Baird Financial Group Inc. Trims Holdings in Marriott Vacations Worldwide Co. (NYSE:VAC)

Baird Financial Group Inc. reduced its stake in Marriott Vacations Worldwide Co. (NYSE:VACGet Rating) by 41.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 3,951 shares of the company’s stock after selling 2,778 shares during the quarter. Baird Financial Group Inc.’s holdings in Marriott Vacations Worldwide were worth $459,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in VAC. Penserra Capital Management LLC acquired a new position in Marriott Vacations Worldwide in the 1st quarter valued at about $40,000. Acadian Asset Management LLC acquired a new stake in shares of Marriott Vacations Worldwide in the first quarter valued at $55,000. CWM LLC raised its position in Marriott Vacations Worldwide by 190.2% in the 2nd quarter. CWM LLC now owns 357 shares of the company’s stock valued at $41,000 after purchasing an additional 234 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in Marriott Vacations Worldwide by 1,336.7% in the second quarter. EverSource Wealth Advisors LLC now owns 431 shares of the company’s stock valued at $50,000 after acquiring an additional 401 shares in the last quarter. Finally, Covestor Ltd lifted its position in shares of Marriott Vacations Worldwide by 1,055.0% during the 1st quarter. Covestor Ltd now owns 462 shares of the company’s stock worth $73,000 after purchasing an additional 422 shares during the last quarter. Hedge funds and other institutional investors own 84.08% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on VAC. TheStreet upgraded Marriott Vacations Worldwide from a “c” rating to a “b-” rating in a report on Tuesday, August 9th. Credit Suisse Group cut their price objective on shares of Marriott Vacations Worldwide from $227.00 to $219.00 and set an “outperform” rating on the stock in a report on Wednesday, November 2nd. Deutsche Bank Aktiengesellschaft upped their target price on shares of Marriott Vacations Worldwide from $188.00 to $192.00 in a report on Wednesday, August 10th. StockNews.com initiated coverage on shares of Marriott Vacations Worldwide in a research note on Wednesday, October 12th. They issued a “buy” rating for the company. Finally, Truist Financial lifted their target price on Marriott Vacations Worldwide from $202.00 to $205.00 and gave the stock a “buy” rating in a research report on Tuesday, November 15th. Four equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $195.25.

Marriott Vacations Worldwide Trading Down 0.1 %

Shares of VAC opened at $144.52 on Tuesday. Marriott Vacations Worldwide Co. has a fifty-two week low of $110.08 and a fifty-two week high of $174.74. The stock has a fifty day moving average of $137.07 and a two-hundred day moving average of $136.17. The company has a debt-to-equity ratio of 1.73, a quick ratio of 2.70 and a current ratio of 3.31. The company has a market capitalization of $5.54 billion, a PE ratio of 17.80 and a beta of 2.08.

Marriott Vacations Worldwide (NYSE:VACGet Rating) last posted its quarterly earnings results on Monday, October 31st. The company reported $3.02 EPS for the quarter, beating the consensus estimate of $2.63 by $0.39. The company had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.18 billion. Marriott Vacations Worldwide had a return on equity of 15.95% and a net margin of 7.97%. The firm’s revenue was up 19.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.60 EPS. As a group, analysts forecast that Marriott Vacations Worldwide Co. will post 10.46 EPS for the current year.

Marriott Vacations Worldwide Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 6th. Shareholders of record on Thursday, September 22nd were paid a dividend of $0.62 per share. The ex-dividend date was Wednesday, September 21st. This represents a $2.48 annualized dividend and a yield of 1.72%. Marriott Vacations Worldwide’s dividend payout ratio is presently 30.54%.

About Marriott Vacations Worldwide

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Marriott Vacations Worldwide Corporation, a vacation company, develops, markets, sells, and manages vacation ownership and related products. It operates through two segments, Vacation Ownership and Exchange & Third-Party Management. The company manages vacation ownership and related products under the Marriott Vacation Club, Grand Residences by Marriott, Sheraton Vacation Club, Westin Vacation Club, Hyatt Residence Club, and Marriott Vacation Club Pulse brands.

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Institutional Ownership by Quarter for Marriott Vacations Worldwide (NYSE:VAC)

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