American International Group Inc. Lowers Position in Marriott Vacations Worldwide Co. (NYSE:VAC)

American International Group Inc. cut its stake in shares of Marriott Vacations Worldwide Co. (NYSE:VAC) by 6.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,641 shares of the company’s stock after selling 3,165 shares during the period. American International Group Inc. owned about 0.13% of Marriott Vacations Worldwide worth $3,790,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Senvest Management LLC boosted its holdings in Marriott Vacations Worldwide by 5.9% during the third quarter. Senvest Management LLC now owns 2,100,786 shares of the company’s stock worth $211,402,000 after purchasing an additional 116,823 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Marriott Vacations Worldwide by 5.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,387,206 shares of the company’s stock worth $117,763,000 after buying an additional 66,362 shares in the last quarter. Burgundy Asset Management Ltd. boosted its stake in shares of Marriott Vacations Worldwide by 55.0% in the 4th quarter. Burgundy Asset Management Ltd. now owns 1,064,068 shares of the company’s stock worth $90,329,000 after buying an additional 377,766 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of Marriott Vacations Worldwide by 17.2% in the fourth quarter. Victory Capital Management Inc. now owns 490,132 shares of the company’s stock valued at $41,607,000 after acquiring an additional 71,930 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Marriott Vacations Worldwide by 7.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 453,849 shares of the company’s stock valued at $38,527,000 after acquiring an additional 33,373 shares during the last quarter. 89.52% of the stock is owned by hedge funds and other institutional investors.

Marriott Vacations Worldwide Trading Up 0.5 %

Shares of VAC stock opened at $85.15 on Monday. Marriott Vacations Worldwide Co. has a 1 year low of $72.78 and a 1 year high of $133.99. The company’s fifty day simple moving average is $94.23 and its two-hundred day simple moving average is $91.92. The company has a debt-to-equity ratio of 2.22, a current ratio of 3.12 and a quick ratio of 2.62. The stock has a market capitalization of $2.99 billion, a price-to-earnings ratio of 15.74, a PEG ratio of 0.63 and a beta of 1.81.

Marriott Vacations Worldwide (NYSE:VAC) last released its quarterly earnings data on Monday, May 6th. The company reported $1.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.66 by $0.14. Marriott Vacations Worldwide had a return on equity of 11.77% and a net margin of 4.50%. The company had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same period in the previous year, the company posted $2.54 EPS. The firm’s revenue for the quarter was up 2.2% compared to the same quarter last year. As a group, analysts anticipate that Marriott Vacations Worldwide Co. will post 7.65 earnings per share for the current year.

Marriott Vacations Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 6th. Investors of record on Thursday, May 23rd were paid a dividend of $0.76 per share. The ex-dividend date of this dividend was Wednesday, May 22nd. This represents a $3.04 annualized dividend and a yield of 3.57%. Marriott Vacations Worldwide’s dividend payout ratio is currently 56.19%.

Analysts Set New Price Targets

A number of brokerages have issued reports on VAC. Stifel Nicolaus upped their price objective on Marriott Vacations Worldwide from $115.00 to $117.00 and gave the company a “buy” rating in a research note on Tuesday, May 7th. Barclays increased their price target on shares of Marriott Vacations Worldwide from $102.00 to $106.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 8th. Truist Financial lifted their price objective on shares of Marriott Vacations Worldwide from $159.00 to $161.00 and gave the stock a “buy” rating in a research report on Tuesday, May 28th. JMP Securities raised their price target on shares of Marriott Vacations Worldwide from $105.00 to $115.00 and gave the stock a “market outperform” rating in a research note on Monday, February 26th. Finally, Mizuho dropped their price objective on Marriott Vacations Worldwide from $128.00 to $126.00 and set a “buy” rating on the stock in a research note on Friday, June 14th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $112.22.

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.