Marriott Vacations Worldwide Co. (NYSE:VAC) Shares Sold by Grandview Asset Management LLC

Grandview Asset Management LLC lessened its position in shares of Marriott Vacations Worldwide Co. (NYSE:VAC) by 47.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,920 shares of the company’s stock after selling 6,200 shares during the period. Grandview Asset Management LLC’s holdings in Marriott Vacations Worldwide were worth $509,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in VAC. Retirement Systems of Alabama boosted its stake in shares of Marriott Vacations Worldwide by 0.3% in the first quarter. Retirement Systems of Alabama now owns 41,478 shares of the company’s stock valued at $4,468,000 after purchasing an additional 109 shares during the period. Diversified Trust Co boosted its position in Marriott Vacations Worldwide by 3.0% in the 1st quarter. Diversified Trust Co now owns 3,833 shares of the company’s stock valued at $413,000 after buying an additional 112 shares during the last quarter. Covestor Ltd grew its stake in shares of Marriott Vacations Worldwide by 10.5% during the first quarter. Covestor Ltd now owns 1,670 shares of the company’s stock valued at $180,000 after acquiring an additional 159 shares in the last quarter. Yousif Capital Management LLC increased its position in shares of Marriott Vacations Worldwide by 1.2% during the first quarter. Yousif Capital Management LLC now owns 15,663 shares of the company’s stock worth $1,687,000 after acquiring an additional 180 shares during the last quarter. Finally, State of Michigan Retirement System lifted its stake in shares of Marriott Vacations Worldwide by 2.5% in the first quarter. State of Michigan Retirement System now owns 8,113 shares of the company’s stock worth $874,000 after acquiring an additional 200 shares in the last quarter. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Marriott Vacations Worldwide Stock Performance

Shares of Marriott Vacations Worldwide stock traded up $2.53 during trading hours on Friday, reaching $76.38. The company’s stock had a trading volume of 268,098 shares, compared to its average volume of 471,991. Marriott Vacations Worldwide Co. has a one year low of $67.28 and a one year high of $108.57. The company’s 50 day simple moving average is $73.73 and its 200 day simple moving average is $86.63. 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 $2.69 billion, a P/E ratio of 14.12, a price-to-earnings-growth ratio of 0.70 and a beta of 1.80.

Marriott Vacations Worldwide (NYSE:VAC) last issued its earnings results on Wednesday, July 31st. The company reported $1.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.89). The business had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.21 billion. Marriott Vacations Worldwide had a return on equity of 9.89% and a net margin of 3.41%. The business’s revenue was down 3.2% on a year-over-year basis. During the same period in the prior year, the business earned $2.19 EPS. As a group, analysts expect that Marriott Vacations Worldwide Co. will post 6.11 EPS for the current fiscal year.

Marriott Vacations Worldwide Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Thursday, September 19th were paid a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a dividend yield of 3.98%. The ex-dividend date was Thursday, September 19th. Marriott Vacations Worldwide’s dividend payout ratio is currently 56.19%.

Insiders Place Their Bets

In other news, insider Jason P. Marino bought 700 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The stock was acquired at an average price of $69.00 per share, with a total value of $48,300.00. Following the completion of the purchase, the insider now directly owns 15,851 shares of the company’s stock, valued at $1,093,719. This represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 1.70% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Truist Financial lowered their price objective on Marriott Vacations Worldwide from $161.00 to $159.00 and set a “buy” rating for the company in a research note on Friday, July 19th. JMP Securities dropped their price target on shares of Marriott Vacations Worldwide from $115.00 to $90.00 and set a “market outperform” rating for the company in a research note on Friday, August 2nd. The Goldman Sachs Group initiated coverage on shares of Marriott Vacations Worldwide in a research note on Wednesday, September 18th. They set a “sell” rating and a $62.00 price objective on the stock. StockNews.com lowered shares of Marriott Vacations Worldwide from a “hold” rating to a “sell” rating in a report on Friday, July 19th. Finally, Stifel Nicolaus cut their target price on shares of Marriott Vacations Worldwide from $108.00 to $96.50 and set a “buy” rating on the stock in a research note on Friday, September 13th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $96.65.

About Marriott Vacations Worldwide

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.