Wedge Capital Management L L P NC Trims Holdings in Marriott Vacations Worldwide Co. (NYSE:VAC)

Wedge Capital Management L L P NC reduced its holdings in shares of Marriott Vacations Worldwide Co. (NYSE:VAC) by 8.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 30,265 shares of the company’s stock after selling 2,791 shares during the period. Wedge Capital Management L L P NC’s holdings in Marriott Vacations Worldwide were worth $2,569,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in VAC. EverSource Wealth Advisors LLC raised its position in shares of Marriott Vacations Worldwide by 194.1% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 250 shares of the company’s stock valued at $25,000 after acquiring an additional 165 shares in the last quarter. Signaturefd LLC raised its position in shares of Marriott Vacations Worldwide by 342.3% during the 3rd quarter. Signaturefd LLC now owns 1,150 shares of the company’s stock valued at $116,000 after acquiring an additional 890 shares in the last quarter. Covestor Ltd raised its position in shares of Marriott Vacations Worldwide by 62.0% during the 3rd quarter. Covestor Ltd now owns 1,184 shares of the company’s stock valued at $119,000 after acquiring an additional 453 shares in the last quarter. NBC Securities Inc. acquired a new stake in shares of Marriott Vacations Worldwide during the 3rd quarter valued at approximately $132,000. Finally, Quantbot Technologies LP acquired a new stake in shares of Marriott Vacations Worldwide during the 3rd quarter valued at approximately $143,000. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on VAC shares. Truist Financial increased their target price on Marriott Vacations Worldwide from $149.00 to $159.00 and gave the stock a “buy” rating in a research report on Tuesday, March 5th. Jefferies Financial Group increased their target price on Marriott Vacations Worldwide from $90.00 to $92.00 and gave the stock a “hold” rating in a research report on Tuesday, January 2nd. Barclays increased their target price on Marriott Vacations Worldwide from $90.00 to $102.00 and gave the stock an “equal weight” rating in a research report on Friday, February 23rd. JMP Securities increased their target price on Marriott Vacations Worldwide from $105.00 to $115.00 and gave the stock a “market outperform” rating in a research report on Monday, February 26th. Finally, Mizuho started coverage on Marriott Vacations Worldwide in a report on Tuesday, March 26th. They set a “buy” rating and a $128.00 price target on the stock. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $109.71.

Marriott Vacations Worldwide Trading Up 1.4 %

NYSE:VAC opened at $103.19 on Thursday. The company has a quick ratio of 2.64, a current ratio of 3.15 and a debt-to-equity ratio of 2.16. Marriott Vacations Worldwide Co. has a 1-year low of $72.78 and a 1-year high of $139.28. The firm has a market capitalization of $3.63 billion, a price-to-earnings ratio of 16.51 and a beta of 1.85. The stock has a fifty day simple moving average of $97.17 and a 200 day simple moving average of $89.07.

Marriott Vacations Worldwide (NYSE:VAC) last announced its quarterly earnings data on Wednesday, February 21st. The company reported $1.88 earnings per share (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 firm had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the prior year, the business earned $2.74 EPS. The business’s revenue for the quarter was up .5% on a year-over-year basis. Sell-side analysts forecast that Marriott Vacations Worldwide Co. will post 7.8 earnings per share for the current year.

Marriott Vacations Worldwide Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 14th. Shareholders of record on Thursday, February 29th were issued a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date was Wednesday, February 28th. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is currently 48.64%.

Marriott Vacations Worldwide 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.