Nisa Investment Advisors LLC Sells 2,696 Shares of Marriott Vacations Worldwide Co. (NYSE:VAC)

Nisa Investment Advisors LLC reduced its holdings in Marriott Vacations Worldwide Co. (NYSE:VAC) by 30.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,237 shares of the company’s stock after selling 2,696 shares during the period. Nisa Investment Advisors LLC’s holdings in Marriott Vacations Worldwide were worth $565,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Scientech Research LLC purchased a new position in shares of Marriott Vacations Worldwide during the second quarter worth approximately $249,000. Creative Planning boosted its stake in shares of Marriott Vacations Worldwide by 13.3% during the second quarter. Creative Planning now owns 9,648 shares of the company’s stock valued at $842,000 after purchasing an additional 1,131 shares in the last quarter. Quarry LP raised its stake in Marriott Vacations Worldwide by 368.4% in the second quarter. Quarry LP now owns 445 shares of the company’s stock worth $39,000 after buying an additional 350 shares in the last quarter. Coronation Fund Managers Ltd. raised its position in shares of Marriott Vacations Worldwide by 162.3% in the 2nd quarter. Coronation Fund Managers Ltd. now owns 37,117 shares of the company’s stock worth $3,241,000 after acquiring an additional 22,968 shares in the last quarter. Finally, CWM LLC raised its holdings in Marriott Vacations Worldwide by 97.9% in the third quarter. CWM LLC now owns 5,391 shares of the company’s stock worth $396,000 after purchasing an additional 2,667 shares in the last quarter. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Marriott Vacations Worldwide Trading Down 0.9 %

NYSE:VAC opened at $87.51 on Wednesday. The company has a current ratio of 3.53, a quick ratio of 2.86 and a debt-to-equity ratio of 2.19. The firm has a market cap of $3.05 billion, a P/E ratio of 16.67, a PEG ratio of 0.65 and a beta of 1.84. The stock’s 50 day simple moving average is $90.80 and its 200-day simple moving average is $82.48. 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 business also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Thursday, December 19th were paid a dividend of $0.79 per share. The ex-dividend date of this dividend was Thursday, December 19th. This is a boost from Marriott Vacations Worldwide’s previous quarterly dividend of $0.76. This represents a $3.16 dividend on an annualized basis and a dividend yield of 3.61%. Marriott Vacations Worldwide’s dividend payout ratio is 60.19%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on VAC. Barclays raised Marriott Vacations Worldwide from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $97.00 to $116.00 in a report on Friday, December 13th. Morgan Stanley began coverage on Marriott Vacations Worldwide in a report on Monday, January 6th. They set an “underweight” rating and a $87.00 target price on the stock. StockNews.com upgraded Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Mizuho upped 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 report on Tuesday, November 12th. Finally, Truist Financial boosted their price objective on Marriott Vacations Worldwide from $139.00 to $142.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $105.67.

Marriott Vacations Worldwide 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.