HighTower Advisors LLC Trims Stock Holdings in Marriott Vacations Worldwide Co. (NYSE:VAC)

HighTower Advisors LLC decreased its stake in Marriott Vacations Worldwide Co. (NYSE:VAC) by 4.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 130,507 shares of the company’s stock after selling 6,320 shares during the quarter. HighTower Advisors LLC owned approximately 0.37% of Marriott Vacations Worldwide worth $11,720,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of VAC. Hotchkis & Wiley Capital Management LLC increased its position in Marriott Vacations Worldwide by 18.0% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 1,102,774 shares of the company’s stock worth $81,032,000 after buying an additional 168,130 shares in the last quarter. Cibc World Market Inc. boosted its stake in shares of Marriott Vacations Worldwide by 251.3% in the fourth quarter. Cibc World Market Inc. now owns 133,372 shares of the company’s stock worth $11,977,000 after acquiring an additional 95,409 shares during the period. Wealthfront Advisers LLC bought a new position in shares of Marriott Vacations Worldwide in the fourth quarter worth about $2,693,000. Holocene Advisors LP boosted its stake in shares of Marriott Vacations Worldwide by 71.7% in the third quarter. Holocene Advisors LP now owns 62,729 shares of the company’s stock worth $4,609,000 after acquiring an additional 26,199 shares during the period. Finally, Principal Financial Group Inc. boosted its stake in shares of Marriott Vacations Worldwide by 2.0% in the fourth quarter. Principal Financial Group Inc. now owns 1,181,961 shares of the company’s stock worth $106,140,000 after acquiring an additional 23,380 shares during the period. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Marriott Vacations Worldwide Trading Up 0.2 %

Shares of VAC stock opened at $66.55 on Monday. Marriott Vacations Worldwide Co. has a 1 year low of $65.94 and a 1 year high of $108.57. The company has a debt-to-equity ratio of 2.19, a current ratio of 3.53 and a quick ratio of 2.86. The stock’s 50 day simple moving average is $82.39 and its two-hundred day simple moving average is $83.09. The company has a market cap of $2.32 billion, a PE ratio of 12.68, a price-to-earnings-growth ratio of 0.67 and a beta of 1.83.

Marriott Vacations Worldwide (NYSE:VAC) last issued its quarterly earnings data on Wednesday, February 26th. The company reported $1.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.51 by $0.35. Marriott Vacations Worldwide had a return on equity of 10.89% and a net margin of 4.20%. The business had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.24 billion. Research analysts predict that Marriott Vacations Worldwide Co. will post 6.23 earnings per share for the current year.

Marriott Vacations Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th will be issued a $0.79 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $3.16 annualized dividend and a dividend yield of 4.75%. Marriott Vacations Worldwide’s payout ratio is 56.23%.

Insider Transactions at Marriott Vacations Worldwide

In other Marriott Vacations Worldwide news, insider Stephanie Sobeck Butera purchased 650 shares of Marriott Vacations Worldwide stock in a transaction dated Thursday, March 6th. The shares were purchased at an average cost of $71.66 per share, for a total transaction of $46,579.00. Following the completion of the acquisition, the insider now owns 8,770 shares in the company, valued at $628,458.20. This represents a 8.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 1.30% of the company’s stock.

Analyst Upgrades and Downgrades

VAC has been the subject of a number of recent analyst reports. Mizuho upped their price objective on Marriott Vacations Worldwide from $117.00 to $120.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 25th. The Goldman Sachs Group upped their price objective on Marriott Vacations Worldwide from $70.00 to $85.00 and gave the stock a “sell” rating in a research note on Tuesday, December 10th. Morgan Stanley started coverage on Marriott Vacations Worldwide in a research note on Monday, January 6th. They issued an “underweight” rating and a $87.00 price objective for the company. Truist Financial dropped their price target on Marriott Vacations Worldwide from $142.00 to $140.00 and set a “buy” rating for the company in a research note on Friday, March 7th. Finally, Stifel Nicolaus dropped their price target on Marriott Vacations Worldwide from $112.00 to $108.00 and set a “buy” rating for the company in a research note on Thursday, February 27th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Marriott Vacations Worldwide currently has an average rating of “Hold” and an average price target of $102.75.

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.