Mutual of America Capital Management LLC Cuts Stake in Marriott Vacations Worldwide Co. (NYSE:VAC)

Mutual of America Capital Management LLC lessened its stake in shares of Marriott Vacations Worldwide Co. (NYSE:VAC) by 2.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 16,966 shares of the company’s stock after selling 466 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Marriott Vacations Worldwide were worth $1,524,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. True Wealth Design LLC purchased a new stake in shares of Marriott Vacations Worldwide during the third quarter valued at approximately $32,000. Capital Performance Advisors LLP purchased a new stake in shares of Marriott Vacations Worldwide during the third quarter valued at approximately $39,000. Blue Trust Inc. boosted its stake 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 valued at $48,000 after purchasing an additional 302 shares during the period. Brown Lisle Cummings Inc. purchased a new stake in shares of Marriott Vacations Worldwide during the fourth quarter valued at approximately $50,000. Finally, Quarry LP boosted its stake in shares of Marriott Vacations Worldwide by 81.6% during the third quarter. Quarry LP now owns 808 shares of the company’s stock valued at $59,000 after purchasing an additional 363 shares during the period. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Marriott Vacations Worldwide Price Performance

VAC opened at $72.99 on Friday. The stock has a fifty day simple moving average of $84.44 and a two-hundred day simple moving average of $83.19. 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 company has a market cap of $2.55 billion, a price-to-earnings ratio of 13.90, a price-to-earnings-growth ratio of 0.67 and a beta of 1.83. Marriott Vacations Worldwide Co. has a 12-month low of $67.28 and a 12-month high of $108.57.

Marriott Vacations Worldwide (NYSE:VAC) last released its earnings results on Wednesday, February 26th. The company reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.51 by $0.35. Marriott Vacations Worldwide had a return on equity of 10.89% and a net margin of 4.20%. The firm had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.24 billion. Research analysts predict that Marriott Vacations Worldwide Co. will post 6.23 earnings per share for the current fiscal year.

Marriott Vacations Worldwide Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th will be paid a $0.79 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 4.33%. Marriott Vacations Worldwide’s dividend payout ratio is currently 56.23%.

Insider Transactions at Marriott Vacations Worldwide

In related news, insider Stephanie Sobeck Butera bought 650 shares of the business’s stock in a transaction dated Thursday, March 6th. The shares were purchased at an average cost of $71.66 per share, with a total value of $46,579.00. Following the completion of the purchase, the insider now owns 8,770 shares in the company, valued at approximately $628,458.20. The trade was a 8.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on VAC. Stifel Nicolaus dropped their price objective on Marriott Vacations Worldwide from $112.00 to $108.00 and set a “buy” rating for the company in a research note on Thursday, February 27th. 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 for the company. Truist Financial decreased their target price on Marriott Vacations Worldwide from $142.00 to $140.00 and set a “buy” rating for the company in a report on Friday. Barclays decreased their target price on Marriott Vacations Worldwide from $116.00 to $97.00 and set an “overweight” rating for the company in a report on Friday, February 28th. Finally, Mizuho upped their target price on Marriott Vacations Worldwide from $117.00 to $120.00 and gave the company an “outperform” rating in a report on Tuesday, February 25th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $102.75.

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.