Marriott Vacations Worldwide Co. (NYSE:VAC) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC cut its holdings in Marriott Vacations Worldwide Co. (NYSE:VAC) by 38.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 61,433 shares of the company’s stock after selling 37,898 shares during the quarter. Mutual of America Capital Management LLC owned about 0.17% of Marriott Vacations Worldwide worth $5,364,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Impactive Capital LP acquired a new position in Marriott Vacations Worldwide in the 1st quarter valued at about $123,613,000. Burgundy Asset Management Ltd. increased its holdings in shares of Marriott Vacations Worldwide by 55.0% in the fourth quarter. Burgundy Asset Management Ltd. now owns 1,064,068 shares of the company’s stock valued at $90,329,000 after purchasing an additional 377,766 shares during the period. Norges Bank purchased a new stake in shares of Marriott Vacations Worldwide during the fourth quarter worth approximately $31,220,000. Capital World Investors acquired a new stake in shares of Marriott Vacations Worldwide during the fourth quarter worth $210,000. Finally, GRS Advisors LLC grew its position in Marriott Vacations Worldwide by 2,050.8% in the 4th quarter. GRS Advisors LLC now owns 242,288 shares of the company’s stock valued at $20,568,000 after buying an additional 231,023 shares during the last quarter. 89.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on VAC. Mizuho reduced their target price on shares of Marriott Vacations Worldwide from $128.00 to $126.00 and set a “buy” rating for the company in a research note on Friday, June 14th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Marriott Vacations Worldwide from $121.00 to $95.00 and set a “buy” rating for the company in a research report on Tuesday, August 6th. Stifel Nicolaus dropped their target price on Marriott Vacations Worldwide from $108.00 to $96.50 and set a “buy” rating on the stock in a research report on Friday, September 13th. StockNews.com cut Marriott Vacations Worldwide from a “hold” rating to a “sell” rating in a report on Friday, July 19th. Finally, JMP Securities dropped their price objective on Marriott Vacations Worldwide from $115.00 to $90.00 and set a “market outperform” rating on the stock in a report on Friday, August 2nd. Three analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $97.45.

Insider Buying and Selling

In related news, insider Jason P. Marino purchased 700 shares of the company’s stock in a transaction on Wednesday, September 11th. The stock was bought at an average price of $69.00 per share, with a total value of $48,300.00. Following the completion of the transaction, the insider now owns 15,851 shares of the company’s stock, valued at approximately $1,093,719. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.70% of the company’s stock.

Marriott Vacations Worldwide Stock Performance

Shares of VAC stock opened at $74.49 on Friday. The company has a debt-to-equity ratio of 2.21, a quick ratio of 2.72 and a current ratio of 3.28. The stock has a market cap of $2.62 billion, a PE ratio of 13.77, a P/E/G ratio of 0.64 and a beta of 1.81. Marriott Vacations Worldwide Co. has a 1 year low of $67.28 and a 1 year high of $108.57. The stock has a fifty day moving average price of $76.44 and a 200 day moving average price of $88.19.

Marriott Vacations Worldwide (NYSE:VAC) last released its quarterly earnings data on Wednesday, July 31st. The company reported $1.10 EPS for the quarter, missing the consensus estimate of $1.99 by ($0.89). Marriott Vacations Worldwide had a return on equity of 9.89% and a net margin of 3.41%. The business had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.21 billion. During the same quarter in the prior year, the firm earned $2.19 earnings per share. Marriott Vacations Worldwide’s quarterly revenue was down 3.2% on a year-over-year basis. Sell-side analysts forecast that Marriott Vacations Worldwide Co. will post 6.12 earnings per share for the current fiscal year.

Marriott Vacations Worldwide Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 3rd. Investors of record on Thursday, September 19th will be given a dividend of $0.76 per share. The ex-dividend date of this dividend is Thursday, September 19th. This represents a $3.04 annualized dividend and a dividend yield of 4.08%. Marriott Vacations Worldwide’s dividend payout ratio is currently 56.19%.

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.