California Public Employees Retirement System Sells 5,593 Shares of Marriott Vacations Worldwide Co. (NYSE:VAC)

California Public Employees Retirement System lessened its position in shares of Marriott Vacations Worldwide Co. (NYSE:VAC) by 8.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 63,517 shares of the company’s stock after selling 5,593 shares during the period. California Public Employees Retirement System owned about 0.18% of Marriott Vacations Worldwide worth $5,392,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of VAC. Louisiana State Employees Retirement System acquired a new stake in Marriott Vacations Worldwide in the 4th quarter valued at approximately $789,000. International Assets Investment Management LLC raised its holdings in shares of Marriott Vacations Worldwide by 234,864.3% in the fourth quarter. International Assets Investment Management LLC now owns 65,790 shares of the company’s stock valued at $5,585,000 after purchasing an additional 65,762 shares during the last quarter. Prime Capital Investment Advisors LLC acquired a new stake in shares of Marriott Vacations Worldwide in the fourth quarter valued at approximately $313,000. Oak Thistle LLC bought a new stake in shares of Marriott Vacations Worldwide in the fourth quarter worth $733,000. Finally, Pallas Capital Advisors LLC acquired a new position in Marriott Vacations Worldwide during the fourth quarter worth $3,920,000. Institutional investors and hedge funds own 89.52% of the company’s stock.

Marriott Vacations Worldwide Trading Down 0.5 %

Shares of Marriott Vacations Worldwide stock opened at $97.18 on Friday. Marriott Vacations Worldwide Co. has a 1 year low of $72.78 and a 1 year high of $137.20. The company has a market capitalization of $3.42 billion, a price-to-earnings ratio of 15.55 and a beta of 1.85. The business has a fifty day simple moving average of $98.83 and a two-hundred day simple moving average of $89.27. The company has a debt-to-equity ratio of 2.16, a current ratio of 3.15 and a quick ratio of 2.64.

Marriott Vacations Worldwide (NYSE:VAC) last announced its earnings results on Wednesday, February 21st. The company reported $1.88 EPS for the quarter, topping the consensus estimate of $1.80 by $0.08. The business had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.15 billion. Marriott Vacations Worldwide had a net margin of 5.37% and a return on equity of 13.21%. Marriott Vacations Worldwide’s revenue was up .5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.74 EPS. Research analysts forecast that Marriott Vacations Worldwide Co. will post 7.8 EPS for the current year.

Marriott Vacations Worldwide Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 14th. Investors of record on Thursday, February 29th were issued a dividend of $0.76 per share. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $3.04 annualized dividend and a yield of 3.13%. Marriott Vacations Worldwide’s payout ratio is currently 48.64%.

Analysts Set New Price Targets

Several brokerages have commented on VAC. Barclays boosted their price target on shares of Marriott Vacations Worldwide from $90.00 to $102.00 and gave the stock an “equal weight” rating in a research report on Friday, February 23rd. JMP Securities increased their price target on Marriott Vacations Worldwide from $105.00 to $115.00 and gave the company a “market outperform” rating in a research report on Monday, February 26th. JPMorgan Chase & Co. boosted their price target on Marriott Vacations Worldwide from $93.00 to $107.00 and gave the stock a “neutral” rating in a research report on Friday, February 23rd. Mizuho initiated coverage on Marriott Vacations Worldwide in a report on Tuesday, March 26th. They issued a “buy” rating and a $128.00 price objective for the company. Finally, Truist Financial raised their target price on shares of Marriott Vacations Worldwide from $149.00 to $159.00 and gave the company a “buy” rating in a research note on Tuesday, March 5th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $109.71.

Marriott Vacations Worldwide 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.