New York State Teachers Retirement System Reduces Stock Position in Marriott Vacations Worldwide Co. (NYSE:VAC)

Posted by on Apr 15th, 2023

New York State Teachers Retirement System lessened its position in Marriott Vacations Worldwide Co. (NYSE:VAC – Get Rating) by 0.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 56,616 shares of the company’s stock after selling 300 shares during the quarter. New York State Teachers Retirement System owned 0.15% of Marriott Vacations Worldwide worth $7,620,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Penserra Capital Management LLC bought a new stake in shares of Marriott Vacations Worldwide in the 1st quarter valued at about $40,000. Private Trust Co. NA bought a new stake in shares of Marriott Vacations Worldwide in the 2nd quarter valued at about $47,000. Quadrant Capital Group LLC raised its holdings in shares of Marriott Vacations Worldwide by 235.8% in the 3rd quarter. Quadrant Capital Group LLC now owns 413 shares of the company’s stock valued at $50,000 after purchasing an additional 290 shares in the last quarter. Acadian Asset Management LLC bought a new stake in shares of Marriott Vacations Worldwide in the 1st quarter valued at about $55,000. Finally, Guardian Wealth Advisors LLC bought a new stake in shares of Marriott Vacations Worldwide in the 3rd quarter valued at about $61,000. Institutional investors own 82.81% of the company’s stock.

Marriott Vacations Worldwide Trading Up 0.8 %

Shares of VAC stock opened at $136.19 on Friday. The company has a debt-to-equity ratio of 2.01, a current ratio of 3.26 and a quick ratio of 2.73. The firm has a market cap of $5.05 billion, a PE ratio of 15.46 and a beta of 2.04. The company has a 50-day moving average of $144.09 and a two-hundred day moving average of $142.56. Marriott Vacations Worldwide Co. has a 1-year low of $110.08 and a 1-year high of $165.85.

Marriott Vacations Worldwide (NYSE:VAC – Get Rating) last issued its quarterly earnings results on Wednesday, February 22nd. The company reported $2.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.85 by ($0.11). The business had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.20 billion. Marriott Vacations Worldwide had a return on equity of 17.13% and a net margin of 8.40%. The firm’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period in the prior year, the company posted $2.38 EPS. On average, analysts predict that Marriott Vacations Worldwide Co. will post 10.93 EPS for the current year.

Marriott Vacations Worldwide Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 16th. Shareholders of record on Thursday, March 2nd were issued a dividend of $0.72 per share. The ex-dividend date of this dividend was Wednesday, March 1st. This represents a $2.88 dividend on an annualized basis and a yield of 2.11%. Marriott Vacations Worldwide’s payout ratio is currently 32.69%.

Wall Street Analysts Forecast Growth

VAC has been the topic of a number of analyst reports. Jefferies Financial Group cut their price objective on shares of Marriott Vacations Worldwide from $195.00 to $184.00 and set a “buy” rating on the stock in a research report on Friday, February 3rd. Bank of America initiated coverage on shares of Marriott Vacations Worldwide in a research note on Monday, February 6th. They issued a “neutral” rating and a $180.00 target price for the company. Truist Financial upped their price objective on shares of Marriott Vacations Worldwide from $205.00 to $223.00 and gave the stock a “buy” rating in a research report on Tuesday, February 28th. StockNews.com upgraded shares of Marriott Vacations Worldwide from a “hold” rating to a “buy” rating in a research report on Wednesday, March 22nd. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Marriott Vacations Worldwide from $191.00 to $188.00 and set a “buy” rating for the company in a report on Friday, February 24th. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, Marriott Vacations Worldwide presently has a consensus rating of “Moderate Buy” and an average target price of $192.33.

Insiders Place Their Bets

In other news, VP Dwight D. Smith sold 2,627 shares of the firm’s stock in a transaction that occurred on Monday, January 23rd. The shares were sold at an average price of $157.00, for a total transaction of $412,439.00. Following the transaction, the vice president now directly owns 14,485 shares in the company, valued at $2,274,145. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.70% of the stock is owned by corporate insiders.

Marriott Vacations Worldwide Company Profile

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Marriott Vacations Worldwide Corp. is a global vacation company engaged in vacation ownership, exchange, rental and resort and property management, along with related businesses, products and services. It operates through Vacation Ownership and Exchange & Third-Party Management. The Vacation Ownership segment develops, markets, sells, and manages vacation ownership and related products under the Marriott Vacation Club, Grand Residences by Marriott, Sheraton Vacation Club, Westin Vacation Club, and Hyatt Residence Club brands.

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

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