Marriott Vacations Worldwide Co. (NYSE:VAC) Shares Sold by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. lowered its position in shares of Marriott Vacations Worldwide Co. (NYSE:VAC) by 10.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 3,522 shares of the company’s stock after selling 391 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Marriott Vacations Worldwide were worth $299,000 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. Van Berkom & Associates Inc. lifted its holdings in shares of Marriott Vacations Worldwide by 31.2% in the 3rd quarter. Van Berkom & Associates Inc. now owns 599,290 shares of the company’s stock valued at $60,307,000 after buying an additional 142,349 shares during the period. Burgundy Asset Management Ltd. lifted its holdings in shares of Marriott Vacations Worldwide by 25.0% in the 3rd quarter. Burgundy Asset Management Ltd. now owns 686,302 shares of the company’s stock valued at $69,063,000 after buying an additional 137,236 shares during the period. New South Capital Management Inc. lifted its holdings in shares of Marriott Vacations Worldwide by 113.4% in the 3rd quarter. New South Capital Management Inc. now owns 246,297 shares of the company’s stock valued at $24,785,000 after buying an additional 130,872 shares during the period. Victory Capital Management Inc. lifted its holdings in shares of Marriott Vacations Worldwide by 43.1% in the 3rd quarter. Victory Capital Management Inc. now owns 418,202 shares of the company’s stock valued at $42,084,000 after buying an additional 125,926 shares during the period. Finally, Senvest Management LLC lifted its holdings in shares of Marriott Vacations Worldwide by 5.9% in the 3rd quarter. Senvest Management LLC now owns 2,100,786 shares of the company’s stock valued at $211,402,000 after buying an additional 116,823 shares during the period. Institutional investors and hedge funds own 89.52% of the company’s stock.

Marriott Vacations Worldwide Price Performance

NYSE:VAC opened at $98.89 on Tuesday. Marriott Vacations Worldwide Co. has a 12 month low of $72.78 and a 12 month high of $140.30. The stock has a 50 day moving average of $96.81 and a two-hundred day moving average of $89.01. The company has a current ratio of 3.15, a quick ratio of 2.64 and a debt-to-equity ratio of 2.16. The firm has a market cap of $3.48 billion, a P/E ratio of 15.82 and a beta of 1.85.

Marriott Vacations Worldwide (NYSE:VAC) last posted its quarterly earnings data on Wednesday, February 21st. The company reported $1.88 EPS for the quarter, topping the consensus estimate of $1.80 by $0.08. Marriott Vacations Worldwide had a return on equity of 13.21% and a net margin of 5.37%. The company had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same period in the previous year, the business earned $2.74 EPS. Marriott Vacations Worldwide’s quarterly revenue was up .5% on a year-over-year basis. On average, analysts expect that Marriott Vacations Worldwide Co. will post 7.81 earnings per share for the current fiscal year.

Marriott Vacations Worldwide Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 14th. Stockholders of record on Thursday, February 29th were given a $0.76 dividend. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 3.07%. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is presently 48.64%.

Wall Street Analyst Weigh In

VAC has been the subject of several analyst reports. Jefferies Financial Group boosted their price objective on Marriott Vacations Worldwide from $90.00 to $92.00 and gave the company a “hold” rating in a report on Tuesday, January 2nd. JPMorgan Chase & Co. lifted their price target on Marriott Vacations Worldwide from $93.00 to $107.00 and gave the company a “neutral” rating in a research note on Friday, February 23rd. Barclays lifted their price target on Marriott Vacations Worldwide from $90.00 to $102.00 and gave the company an “equal weight” rating in a research note on Friday, February 23rd. Truist Financial lifted their price target on Marriott Vacations Worldwide from $149.00 to $159.00 and gave the company a “buy” rating in a research note on Tuesday, March 5th. Finally, JMP Securities lifted their price target on Marriott Vacations Worldwide from $105.00 to $115.00 and gave the company a “market outperform” rating in a research note on Monday, February 26th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $109.71.

About Marriott Vacations Worldwide

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.