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

New York State Teachers Retirement System lessened its position in Marriott Vacations Worldwide Co. (NYSE:VAC) by 6.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 42,955 shares of the company’s stock after selling 3,200 shares during the period. New York State Teachers Retirement System owned approximately 0.12% of Marriott Vacations Worldwide worth $3,857,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of VAC. Blue Trust Inc. raised its position in shares of Marriott Vacations Worldwide by 130.7% during the fourth quarter. Blue Trust Inc. now owns 533 shares of the company’s stock worth $48,000 after purchasing an additional 302 shares during the period. New South Capital Management Inc. grew its holdings in shares of Marriott Vacations Worldwide by 6.6% during the third quarter. New South Capital Management Inc. now owns 364,394 shares of the company’s stock valued at $26,776,000 after buying an additional 22,672 shares in the last quarter. State of New Jersey Common Pension Fund D grew its holdings in shares of Marriott Vacations Worldwide by 36.0% during the third quarter. State of New Jersey Common Pension Fund D now owns 27,094 shares of the company’s stock valued at $1,991,000 after buying an additional 7,174 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in shares of Marriott Vacations Worldwide during the third quarter valued at $348,000. Finally, Hotchkis & Wiley Capital Management LLC grew its holdings in shares of Marriott Vacations Worldwide by 18.0% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 1,102,774 shares of the company’s stock valued at $81,032,000 after buying an additional 168,130 shares in the last quarter. Institutional investors own 89.52% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Barclays upgraded Marriott Vacations Worldwide from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $97.00 to $116.00 in a report on Friday, December 13th. Mizuho lifted their price target on Marriott Vacations Worldwide from $110.00 to $117.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. The Goldman Sachs Group lifted their price target on Marriott Vacations Worldwide from $70.00 to $85.00 and gave the company a “sell” rating in a report on Tuesday, December 10th. Stifel Nicolaus boosted their target price on Marriott Vacations Worldwide from $102.00 to $112.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Finally, StockNews.com upgraded Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company. According to MarketBeat, Marriott Vacations Worldwide has a consensus rating of “Hold” and an average target price of $105.67.

Marriott Vacations Worldwide Price Performance

Shares of NYSE VAC opened at $87.99 on Friday. Marriott Vacations Worldwide Co. has a fifty-two week low of $67.28 and a fifty-two week high of $108.57. The stock has a market capitalization of $3.07 billion, a price-to-earnings ratio of 16.76, a PEG ratio of 0.67 and a beta of 1.83. The business has a 50-day moving average of $87.46 and a 200-day moving average of $82.60. The company has a debt-to-equity ratio of 2.19, a current ratio of 3.53 and a quick ratio of 2.86.

Marriott Vacations Worldwide Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Thursday, December 19th were given a dividend of $0.79 per share. This is an increase from Marriott Vacations Worldwide’s previous quarterly dividend of $0.76. This represents a $3.16 annualized dividend and a yield of 3.59%. The ex-dividend date was Thursday, December 19th. Marriott Vacations Worldwide’s payout ratio is currently 60.19%.

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.