Marriott Vacations Worldwide Co. (NYSE:VAC) Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio cut its position in shares of Marriott Vacations Worldwide Co. (NYSE:VAC) by 1.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 53,842 shares of the company’s stock after selling 630 shares during the quarter. Public Employees Retirement System of Ohio owned about 0.15% of Marriott Vacations Worldwide worth $3,956,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in VAC. New South Capital Management Inc. grew its holdings in shares of Marriott Vacations Worldwide by 6.6% during the 3rd quarter. New South Capital Management Inc. now owns 364,394 shares of the company’s stock worth $26,776,000 after purchasing an additional 22,672 shares during the period. Dimensional Fund Advisors LP lifted its position in Marriott Vacations Worldwide by 14.9% during 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. AQR Capital Management LLC grew its stake in Marriott Vacations Worldwide by 178.2% during the second quarter. AQR Capital Management LLC now owns 355,089 shares of the company’s stock worth $29,771,000 after buying an additional 227,465 shares during the period. State of New Jersey Common Pension Fund D increased its position in shares of Marriott Vacations Worldwide by 36.0% in the third quarter. State of New Jersey Common Pension Fund D now owns 27,094 shares of the company’s stock worth $1,991,000 after acquiring an additional 7,174 shares in the last quarter. Finally, Victory Capital Management Inc. raised its stake in shares of Marriott Vacations Worldwide by 20.3% in the 2nd quarter. Victory Capital Management Inc. now owns 763,835 shares of the company’s stock valued at $66,698,000 after acquiring an additional 129,131 shares during the period. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on VAC. Barclays upgraded Marriott Vacations Worldwide from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $97.00 to $116.00 in a report on Friday. StockNews.com upgraded Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. Stifel Nicolaus raised their target price on Marriott Vacations Worldwide from $102.00 to $112.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Truist Financial upped their price target on Marriott Vacations Worldwide from $139.00 to $142.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Finally, The Goldman Sachs Group lifted their price objective on shares of Marriott Vacations Worldwide from $70.00 to $85.00 and gave the company a “sell” rating in a research note on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $106.22.

Marriott Vacations Worldwide Stock Performance

Marriott Vacations Worldwide stock opened at $94.55 on Monday. Marriott Vacations Worldwide Co. has a 52 week low of $67.28 and a 52 week 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 market cap of $3.30 billion, a P/E ratio of 18.01, a price-to-earnings-growth ratio of 0.87 and a beta of 1.84. The stock has a 50 day moving average of $86.81 and a 200-day moving average of $82.08.

Marriott Vacations Worldwide Increases Dividend

The business also recently disclosed 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 represents a $3.16 dividend on an annualized basis and a yield of 3.34%. This is an increase from Marriott Vacations Worldwide’s previous quarterly dividend of $0.76. The ex-dividend date is Thursday, December 19th. Marriott Vacations Worldwide’s dividend payout ratio is 60.19%.

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.