Marriott Vacations Worldwide Co. (NYSE:VAC) Position Trimmed by Great Lakes Advisors LLC

Great Lakes Advisors LLC decreased its holdings in shares of Marriott Vacations Worldwide Co. (NYSE:VAC) by 22.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,987 shares of the company’s stock after selling 856 shares during the period. Great Lakes Advisors LLC’s holdings in Marriott Vacations Worldwide were worth $254,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in VAC. EverSource Wealth Advisors LLC grew its position in shares of Marriott Vacations Worldwide by 194.1% during the third quarter. EverSource Wealth Advisors LLC now owns 250 shares of the company’s stock worth $25,000 after acquiring an additional 165 shares during the last quarter. Quadrant Capital Group LLC grew its position in shares of Marriott Vacations Worldwide by 20.9% during the fourth quarter. Quadrant Capital Group LLC now owns 1,013 shares of the company’s stock worth $86,000 after acquiring an additional 175 shares during the last quarter. Signaturefd LLC grew its position in shares of Marriott Vacations Worldwide by 342.3% during the third quarter. Signaturefd LLC now owns 1,150 shares of the company’s stock worth $116,000 after acquiring an additional 890 shares during the last quarter. Covestor Ltd grew its position in Marriott Vacations Worldwide by 62.0% in the 3rd quarter. Covestor Ltd now owns 1,184 shares of the company’s stock valued at $119,000 after buying an additional 453 shares in the last quarter. Finally, NBC Securities Inc. bought a new position in Marriott Vacations Worldwide in the 3rd quarter valued at about $132,000. Institutional investors own 89.52% of the company’s stock.

Marriott Vacations Worldwide Price Performance

VAC stock opened at $90.22 on Friday. The firm has a 50-day moving average of $99.73 and a two-hundred day moving average of $90.12. The company has a current ratio of 3.12, a quick ratio of 2.62 and a debt-to-equity ratio of 2.22. The firm has a market capitalization of $3.17 billion, a PE ratio of 16.68, a P/E/G ratio of 0.68 and a beta of 1.85. Marriott Vacations Worldwide Co. has a one year low of $72.78 and a one year high of $134.09.

Marriott Vacations Worldwide (NYSE:VAC) last posted its quarterly earnings results on Monday, May 6th. The company reported $1.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.66 by $0.14. The business had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.17 billion. Marriott Vacations Worldwide had a net margin of 4.50% and a return on equity of 11.77%. The firm’s revenue was up 2.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.54 earnings per share. On average, analysts forecast that Marriott Vacations Worldwide Co. will post 7.72 earnings per share for the current year.

Marriott Vacations Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 6th. Stockholders of record on Thursday, May 23rd will be given a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a dividend yield of 3.37%. The ex-dividend date is Wednesday, May 22nd. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is 56.19%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Truist Financial increased 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 report on Tuesday, March 5th. JPMorgan Chase & Co. upped their price target on shares of Marriott Vacations Worldwide from $93.00 to $107.00 and gave the company a “neutral” rating in a report on Friday, February 23rd. Deutsche Bank Aktiengesellschaft upped their price target on shares of Marriott Vacations Worldwide from $116.00 to $121.00 and gave the company a “buy” rating in a report on Thursday, May 9th. JMP Securities upped their price target on shares of Marriott Vacations Worldwide from $105.00 to $115.00 and gave the company a “market outperform” rating in a report on Monday, February 26th. Finally, Stifel Nicolaus upped their price target on shares of Marriott Vacations Worldwide from $115.00 to $117.00 and gave the company a “buy” rating in a report on Tuesday, May 7th. Two research analysts have rated the stock with a sell rating, three have assigned 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 “Hold” and an average target price of $112.22.

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.