Retirement Systems of Alabama Trims Position in Marriott Vacations Worldwide Co. (NYSE:VAC)

Retirement Systems of Alabama lowered its holdings in Marriott Vacations Worldwide Co. (NYSE:VAC) by 2.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 39,178 shares of the company’s stock after selling 1,185 shares during the period. Retirement Systems of Alabama’s holdings in Marriott Vacations Worldwide were worth $2,879,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in VAC. True Wealth Design LLC acquired a new position in Marriott Vacations Worldwide during the third quarter worth approximately $32,000. Quarry LP increased its holdings in shares of Marriott Vacations Worldwide by 368.4% during the 2nd quarter. Quarry LP now owns 445 shares of the company’s stock worth $39,000 after buying an additional 350 shares during the last quarter. Capital Performance Advisors LLP purchased a new position in shares of Marriott Vacations Worldwide in the 3rd quarter worth $39,000. Allspring Global Investments Holdings LLC grew its position in Marriott Vacations Worldwide by 128.0% during the second quarter. Allspring Global Investments Holdings LLC now owns 652 shares of the company’s stock valued at $57,000 after acquiring an additional 366 shares during the period. Finally, Innealta Capital LLC acquired a new stake in Marriott Vacations Worldwide during the second quarter worth about $90,000. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Marriott Vacations Worldwide Stock Performance

Marriott Vacations Worldwide stock opened at $90.24 on Friday. 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 firm’s fifty day moving average price is $88.31 and its 200 day moving average price is $82.23. The company has a market capitalization of $3.15 billion, a price-to-earnings ratio of 17.19, a price-to-earnings-growth ratio of 0.87 and a beta of 1.84. Marriott Vacations Worldwide Co. has a 12-month low of $67.28 and a 12-month high of $108.57.

Marriott Vacations Worldwide Increases Dividend

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

Wall Street Analyst Weigh In

Several research firms have recently weighed in on VAC. StockNews.com raised Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. The Goldman Sachs Group boosted their price objective on shares of Marriott Vacations Worldwide from $70.00 to $85.00 and gave the stock a “sell” rating in a research note on Tuesday, December 10th. Truist Financial raised their target price on shares of Marriott Vacations Worldwide from $139.00 to $142.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Mizuho upped their price target on shares of Marriott Vacations Worldwide from $110.00 to $117.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Finally, Stifel Nicolaus raised their price objective on Marriott Vacations Worldwide from $102.00 to $112.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, Marriott Vacations Worldwide currently has an average rating of “Moderate Buy” and a consensus price target of $106.22.

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.