Russell Investments Group Ltd. Cuts Holdings in Marriott Vacations Worldwide Co. (NYSE:VAC)

Russell Investments Group Ltd. trimmed its holdings in shares of Marriott Vacations Worldwide Co. (NYSE:VAC – Get Rating) by 10.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,760 shares of the company’s stock after selling 912 shares during the period. Russell Investments Group Ltd.’s holdings in Marriott Vacations Worldwide were worth $1,044,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Penserra Capital Management LLC bought a new position in shares of Marriott Vacations Worldwide during the 1st quarter valued at $40,000. Quadrant Capital Group LLC raised its holdings in Marriott Vacations Worldwide by 235.8% in the 3rd quarter. Quadrant Capital Group LLC now owns 413 shares of the company’s stock worth $50,000 after purchasing an additional 290 shares during the period. Acadian Asset Management LLC bought a new position in Marriott Vacations Worldwide in the 1st quarter worth $55,000. Benjamin Edwards Inc. raised its holdings in Marriott Vacations Worldwide by 113.8% in the 4th quarter. Benjamin Edwards Inc. now owns 417 shares of the company’s stock worth $56,000 after purchasing an additional 222 shares during the period. Finally, Guardian Wealth Advisors LLC bought a new position in Marriott Vacations Worldwide in the 3rd quarter worth $61,000. 82.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on VAC shares. Bank of America started coverage on Marriott Vacations Worldwide in a report on Monday, February 6th. They issued a “neutral” rating and a $180.00 target price on the stock. StockNews.com started coverage on Marriott Vacations Worldwide in a report on Thursday, May 18th. They issued a “hold” rating on the stock. Credit Suisse Group decreased their target price on Marriott Vacations Worldwide from $219.00 to $214.00 and set an “outperform” rating on the stock in a report on Friday, February 24th. Truist Financial decreased their price target on Marriott Vacations Worldwide from $223.00 to $219.00 in a report on Tuesday, May 16th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on Marriott Vacations Worldwide from $191.00 to $188.00 and set a “buy” rating on the stock in a report on Friday, February 24th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $191.67.

Marriott Vacations Worldwide Price Performance

NYSE:VAC opened at $125.57 on Friday. The stock has a market cap of $4.62 billion, a PE ratio of 13.03, a P/E/G ratio of 1.93 and a beta of 2.03. The business’s 50-day simple moving average is $131.37 and its two-hundred day simple moving average is $141.72. The company has a quick ratio of 2.61, a current ratio of 3.18 and a debt-to-equity ratio of 2.04. Marriott Vacations Worldwide Co. has a 52 week low of $110.08 and a 52 week high of $165.85.

Marriott Vacations Worldwide (NYSE:VAC – Get Rating) last issued its quarterly earnings data on Wednesday, May 3rd. The company reported $2.54 earnings per share for the quarter, beating analysts’ consensus estimates of $1.84 by $0.70. The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.15 billion. Marriott Vacations Worldwide had a return on equity of 18.78% and a net margin of 8.80%. The business’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.70 earnings per share. As a group, analysts forecast that Marriott Vacations Worldwide Co. will post 11.19 EPS for the current fiscal year.

Marriott Vacations Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 8th. Stockholders of record on Thursday, May 25th will be given a dividend of $0.72 per share. The ex-dividend date is Wednesday, May 24th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 2.29%. Marriott Vacations Worldwide’s payout ratio is 29.88%.

About Marriott Vacations Worldwide

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Marriott Vacations Worldwide Corp. is a global vacation company engaged in vacation ownership, exchange, rental and resort and property management, along with related businesses, products and services. It operates through Vacation Ownership and Exchange & Third-Party Management. The Vacation Ownership segment develops, markets, sells, and manages vacation ownership and related products under the Marriott Vacation Club, Grand Residences by Marriott, Sheraton Vacation Club, Westin Vacation Club, and Hyatt Residence Club brands.