Marriott Vacations Worldwide Co. (NYSE:VAC) Shares Sold by Pallas Capital Advisors LLC

Pallas Capital Advisors LLC trimmed its stake in shares of Marriott Vacations Worldwide Co. (NYSE:VAC) by 10.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 31,493 shares of the company’s stock after selling 3,792 shares during the quarter. Pallas Capital Advisors LLC owned about 0.09% of Marriott Vacations Worldwide worth $2,828,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. New South Capital Management Inc. increased its position in Marriott Vacations Worldwide by 6.6% in the third quarter. New South Capital Management Inc. now owns 364,394 shares of the company’s stock worth $26,776,000 after buying an additional 22,672 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Marriott Vacations Worldwide by 14.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,599,789 shares of the company’s stock worth $139,687,000 after acquiring an additional 207,938 shares during the period. AQR Capital Management LLC lifted its position in Marriott Vacations Worldwide by 178.2% in the 2nd quarter. AQR Capital Management LLC now owns 355,089 shares of the company’s stock valued at $29,771,000 after purchasing an additional 227,465 shares during the last quarter. State of New Jersey Common Pension Fund D boosted its stake in Marriott Vacations Worldwide by 36.0% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 27,094 shares of the company’s stock valued at $1,991,000 after purchasing an additional 7,174 shares during the period. Finally, Sanctuary Advisors LLC bought a new position in Marriott Vacations Worldwide in the 3rd quarter worth about $348,000. Institutional investors own 89.52% of the company’s stock.

Wall Street Analyst Weigh In

VAC has been the subject of several analyst reports. The Goldman Sachs Group boosted their price objective on Marriott Vacations Worldwide from $70.00 to $85.00 and gave the stock a “sell” rating in a research report on Tuesday, December 10th. Stifel Nicolaus boosted their price target on Marriott Vacations Worldwide from $102.00 to $112.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. StockNews.com raised Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Barclays raised shares of Marriott Vacations Worldwide from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $97.00 to $116.00 in a report on Friday, December 13th. Finally, Morgan Stanley assumed coverage on shares of Marriott Vacations Worldwide in a research note on Monday, January 6th. They set an “underweight” rating and a $87.00 target price on the stock. Two analysts have rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, Marriott Vacations Worldwide currently has a consensus rating of “Hold” and a consensus target price of $105.67.

Marriott Vacations Worldwide Price Performance

VAC stock traded down $0.89 on Monday, hitting $82.31. 386,892 shares of the company’s stock traded hands, compared to its average volume of 369,042. The stock has a market cap of $2.87 billion, a price-to-earnings ratio of 15.68, a P/E/G ratio of 0.86 and a beta of 1.84. Marriott Vacations Worldwide Co. has a 1-year low of $67.28 and a 1-year high of $108.57. The company has a current ratio of 3.53, a quick ratio of 2.86 and a debt-to-equity ratio of 2.19. The stock has a fifty day moving average of $91.75 and a 200-day moving average of $82.34.

Marriott Vacations Worldwide Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Thursday, December 19th were given a dividend of $0.79 per share. The ex-dividend date was Thursday, December 19th. This is a positive change from Marriott Vacations Worldwide’s previous quarterly dividend of $0.76. This represents a $3.16 dividend on an annualized basis and a dividend yield of 3.84%. Marriott Vacations Worldwide’s payout ratio is 60.19%.

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.