New York State Common Retirement Fund raised its position in Marriott Vacations Worldwide Co. (NYSE:VAC – Free Report) by 15.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 133,499 shares of the company’s stock after buying an additional 18,196 shares during the period. New York State Common Retirement Fund owned about 0.37% of Marriott Vacations Worldwide worth $13,434,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. New South Capital Management Inc. increased its position in Marriott Vacations Worldwide by 113.4% during the third quarter. New South Capital Management Inc. now owns 246,297 shares of the company’s stock worth $24,785,000 after purchasing an additional 130,872 shares during the last quarter. Covestor Ltd lifted its holdings in shares of Marriott Vacations Worldwide by 27.1% in the 2nd quarter. Covestor Ltd now owns 731 shares of the company’s stock worth $90,000 after acquiring an additional 156 shares during the last quarter. Incline Global Management LLC acquired a new stake in Marriott Vacations Worldwide in the 2nd quarter valued at approximately $20,617,000. Rhumbline Advisers raised its position in Marriott Vacations Worldwide by 1.1% in the second quarter. Rhumbline Advisers now owns 124,734 shares of the company’s stock valued at $15,307,000 after purchasing an additional 1,409 shares during the period. Finally, Manning & Napier Group LLC purchased a new position in shares of Marriott Vacations Worldwide during the third quarter worth $2,608,000. Hedge funds and other institutional investors own 83.27% of the company’s stock.
Analyst Ratings Changes
A number of analysts have issued reports on the stock. Truist Financial cut their price target on shares of Marriott Vacations Worldwide from $187.00 to $149.00 and set a “buy” rating on the stock in a research note on Wednesday, November 15th. Jefferies Financial Group lifted their price target on shares of Marriott Vacations Worldwide from $90.00 to $92.00 and gave the stock a “hold” rating in a research note on Tuesday, January 2nd. Barclays downgraded shares of Marriott Vacations Worldwide from an “equal weight” rating to an “underweight” rating and dropped their price objective for the company from $103.00 to $90.00 in a research report on Friday, December 15th. JPMorgan Chase & Co. began coverage on shares of Marriott Vacations Worldwide in a research report on Thursday, October 12th. They set a “neutral” rating and a $105.00 price objective for the company. Finally, StockNews.com downgraded shares of Marriott Vacations Worldwide from a “hold” rating to a “sell” rating in a research note on Friday, November 3rd. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Marriott Vacations Worldwide has an average rating of “Hold” and a consensus target price of $129.00.
Marriott Vacations Worldwide Trading Up 0.9 %
NYSE VAC opened at $83.36 on Wednesday. The firm has a market cap of $2.96 billion, a PE ratio of 11.26 and a beta of 1.84. Marriott Vacations Worldwide Co. has a one year low of $72.78 and a one year high of $164.23. The firm’s fifty day moving average is $83.92 and its two-hundred day moving average is $93.94. The company has a debt-to-equity ratio of 2.10, a quick ratio of 2.72 and a current ratio of 3.28.
Marriott Vacations Worldwide Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, January 4th. Investors of record on Thursday, December 21st were issued a dividend of $0.76 per share. This is a boost from Marriott Vacations Worldwide’s previous quarterly dividend of $0.72. This represents a $3.04 annualized dividend and a yield of 3.65%. The ex-dividend date of this dividend was Wednesday, December 20th. Marriott Vacations Worldwide’s dividend payout ratio is currently 41.08%.
About Marriott Vacations Worldwide
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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