UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 2,883 Shares of Marriott Vacations Worldwide Co. (NYSE:VAC)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its stake in Marriott Vacations Worldwide Co. (NYSE:VAC) by 3.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 82,299 shares of the company’s stock after selling 2,883 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.24% of Marriott Vacations Worldwide worth $6,047,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in VAC. AQR Capital Management LLC grew its stake in Marriott Vacations Worldwide by 178.2% during the 2nd quarter. AQR Capital Management LLC now owns 355,089 shares of the company’s stock valued at $29,771,000 after purchasing an additional 227,465 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Marriott Vacations Worldwide by 14.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,599,789 shares of the company’s stock valued at $139,687,000 after purchasing an additional 207,938 shares during the last quarter. International Assets Investment Management LLC acquired a new position in Marriott Vacations Worldwide in the 3rd quarter valued at about $14,983,000. Victory Capital Management Inc. lifted its holdings in shares of Marriott Vacations Worldwide by 20.3% in the 2nd quarter. Victory Capital Management Inc. now owns 763,835 shares of the company’s stock worth $66,698,000 after acquiring an additional 129,131 shares during the last quarter. Finally, Van Berkom & Associates Inc. lifted its holdings in shares of Marriott Vacations Worldwide by 19.1% in the 2nd quarter. Van Berkom & Associates Inc. now owns 722,164 shares of the company’s stock worth $63,059,000 after acquiring an additional 115,993 shares during the last quarter. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Marriott Vacations Worldwide Stock Performance

Shares of VAC stock opened at $95.50 on Wednesday. The stock has a market cap of $3.33 billion, a price-to-earnings ratio of 18.19, a price-to-earnings-growth ratio of 0.88 and a beta of 1.84. 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 fifty-two week low of $67.28 and a fifty-two week high of $108.57. The firm’s 50 day moving average price is $85.60 and its two-hundred day moving average price is $82.02.

Marriott Vacations Worldwide Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Thursday, December 19th will be given a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a yield of 3.31%. This is a boost from Marriott Vacations Worldwide’s previous quarterly dividend of $0.76. The ex-dividend date of this dividend is Thursday, December 19th. Marriott Vacations Worldwide’s payout ratio is 57.90%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on VAC shares. Truist Financial increased their target price on shares of Marriott Vacations Worldwide from $139.00 to $142.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Stifel Nicolaus raised their price objective on shares of Marriott Vacations Worldwide from $102.00 to $112.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Barclays raised their target price on shares of Marriott Vacations Worldwide from $74.00 to $97.00 and gave the stock an “equal weight” rating in a research note on Friday, November 8th. StockNews.com upgraded shares of Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. Finally, Mizuho raised their target price on shares of Marriott Vacations Worldwide from $110.00 to $117.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Marriott Vacations Worldwide has an average rating of “Hold” and an average price target of $104.11.

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.