Retirement Systems of Alabama Cuts Stock Holdings in Marriott Vacations Worldwide Co. (NYSE:VAC)

Retirement Systems of Alabama lessened its holdings in Marriott Vacations Worldwide Co. (NYSE:VACFree Report) by 2.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 39,178 shares of the company’s stock after selling 1,185 shares during the quarter. Retirement Systems of Alabama owned 0.11% of Marriott Vacations Worldwide worth $2,879,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP boosted its stake in shares of Marriott Vacations Worldwide by 14.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,599,789 shares of the company’s stock valued at $139,687,000 after buying an additional 207,938 shares in the last quarter. Hotchkis & Wiley Capital Management LLC boosted its position in shares of Marriott Vacations Worldwide by 18.0% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 1,102,774 shares of the company’s stock worth $81,032,000 after purchasing an additional 168,130 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of Marriott Vacations Worldwide by 0.5% during the 3rd quarter. Victory Capital Management Inc. now owns 767,818 shares of the company’s stock worth $56,419,000 after purchasing an additional 3,983 shares during the period. Van Berkom & Associates Inc. increased its holdings in shares of Marriott Vacations Worldwide by 19.1% in the 2nd quarter. Van Berkom & Associates Inc. now owns 722,164 shares of the company’s stock valued at $63,059,000 after purchasing an additional 115,993 shares in the last quarter. Finally, New South Capital Management Inc. boosted its holdings in Marriott Vacations Worldwide by 6.6% during 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 in the last quarter. Institutional investors and hedge funds own 89.52% of the company’s stock.

Marriott Vacations Worldwide Stock Up 0.2 %

Shares of NYSE:VAC opened at $90.24 on Friday. The company has a market capitalization of $3.15 billion, a P/E ratio of 17.19, a P/E/G ratio of 0.87 and a beta of 1.84. The stock’s fifty day simple moving average is $88.31 and its 200-day simple moving average is $82.23. Marriott Vacations Worldwide Co. has a 52-week low of $67.28 and a 52-week high of $108.57. The company has a quick ratio of 2.86, a current ratio of 3.53 and a debt-to-equity ratio of 2.19.

Marriott Vacations Worldwide Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Thursday, December 19th will be paid a dividend of $0.79 per share. This is a boost from Marriott Vacations Worldwide’s previous quarterly dividend of $0.76. This represents a $3.16 annualized dividend and a dividend yield of 3.50%. The ex-dividend date of this dividend is Thursday, December 19th. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is currently 60.19%.

Wall Street Analyst Weigh In

VAC has been the subject of a number of research reports. Mizuho lifted their price target on shares of Marriott Vacations Worldwide from $110.00 to $117.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. The Goldman Sachs Group raised their price objective on Marriott Vacations Worldwide from $70.00 to $85.00 and gave the company a “sell” rating in a research note on Tuesday, December 10th. Truist Financial boosted their target price on Marriott Vacations Worldwide from $139.00 to $142.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. StockNews.com upgraded Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Finally, Barclays raised Marriott Vacations Worldwide from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $97.00 to $116.00 in a research note on Friday, December 13th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $106.22.

Read Our Latest Report on VAC

Marriott Vacations Worldwide Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Marriott Vacations Worldwide (NYSE:VAC)

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