Charles Schwab Investment Management Inc. Sells 78,606 Shares of Marriott Vacations Worldwide Co. (NYSE:VAC)

Charles Schwab Investment Management Inc. cut its position in shares of Marriott Vacations Worldwide Co. (NYSE:VAC) by 24.0% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 249,431 shares of the company’s stock after selling 78,606 shares during the period. Charles Schwab Investment Management Inc. owned about 0.71% of Marriott Vacations Worldwide worth $18,328,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently made changes to their positions in VAC. Quarry LP increased its position in Marriott Vacations Worldwide by 368.4% during the 2nd quarter. Quarry LP now owns 445 shares of the company’s stock valued at $39,000 after purchasing an additional 350 shares during the period. Capital Performance Advisors LLP purchased a new position in Marriott Vacations Worldwide during the third quarter valued at approximately $39,000. Allspring Global Investments Holdings LLC raised its stake in Marriott Vacations Worldwide by 128.0% in the second quarter. Allspring Global Investments Holdings LLC now owns 652 shares of the company’s stock worth $57,000 after buying an additional 366 shares in the last quarter. Venturi Wealth Management LLC raised its stake in Marriott Vacations Worldwide by 6,881.3% in the third quarter. Venturi Wealth Management LLC now owns 1,117 shares of the company’s stock worth $82,000 after buying an additional 1,101 shares in the last quarter. Finally, Innealta Capital LLC purchased a new stake in Marriott Vacations Worldwide during the second quarter worth $90,000. 89.52% of the stock is currently owned by institutional investors.

Marriott Vacations Worldwide Trading Down 0.6 %

Shares of NYSE:VAC opened at $96.72 on Friday. The company has a quick ratio of 2.86, a current ratio of 3.53 and a debt-to-equity ratio of 2.19. Marriott Vacations Worldwide Co. has a 52-week low of $67.28 and a 52-week high of $108.57. The stock has a market cap of $3.38 billion, a price-to-earnings ratio of 18.42, a PEG ratio of 0.88 and a beta of 1.84. The business has a 50-day moving average price of $84.72 and a 200-day moving average price of $82.14.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on VAC shares. StockNews.com raised Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Mizuho boosted their price objective on shares of Marriott Vacations Worldwide from $110.00 to $117.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. The Goldman Sachs Group assumed coverage on shares of Marriott Vacations Worldwide in a research report on Wednesday, September 18th. They set a “sell” rating and a $62.00 target price for the company. Barclays upped their price target on Marriott Vacations Worldwide from $74.00 to $97.00 and gave the stock an “equal weight” rating in a research report on Friday, November 8th. Finally, Truist Financial raised their price target on Marriott Vacations Worldwide from $139.00 to $142.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $101.56.

Insider Buying and Selling at Marriott Vacations Worldwide

In related news, insider Jason P. Marino purchased 700 shares of the business’s stock in a transaction on Wednesday, September 11th. The shares were bought at an average cost of $69.00 per share, with a total value of $48,300.00. Following the transaction, the insider now owns 15,851 shares of the company’s stock, valued at approximately $1,093,719. This trade represents a 4.62 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.70% of the company’s stock.

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.