Principal Financial Group Inc. Has $85.13 Million Position in Marriott Vacations Worldwide Co. (NYSE:VAC)

Principal Financial Group Inc. cut its position in shares of Marriott Vacations Worldwide Co. (NYSE:VAC) by 5.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,158,581 shares of the company’s stock after selling 60,941 shares during the period. Principal Financial Group Inc. owned 3.32% of Marriott Vacations Worldwide worth $85,133,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Verity Asset Management Inc. increased its position in Marriott Vacations Worldwide by 3.1% during the third quarter. Verity Asset Management Inc. now owns 4,303 shares of the company’s stock worth $316,000 after buying an additional 131 shares during the last quarter. Stifel Financial Corp increased its holdings in shares of Marriott Vacations Worldwide by 3.4% during the 3rd quarter. Stifel Financial Corp now owns 5,596 shares of the company’s stock worth $411,000 after acquiring an additional 184 shares during the last quarter. Commonwealth Equity Services LLC raised its stake in Marriott Vacations Worldwide by 5.4% in the 2nd quarter. Commonwealth Equity Services LLC now owns 4,251 shares of the company’s stock valued at $371,000 after acquiring an additional 216 shares during the period. Covestor Ltd lifted its holdings in Marriott Vacations Worldwide by 32.3% during the 3rd quarter. Covestor Ltd now owns 1,372 shares of the company’s stock valued at $101,000 after purchasing an additional 335 shares during the last quarter. Finally, Quarry LP increased its holdings in shares of Marriott Vacations Worldwide by 368.4% in the second quarter. Quarry LP now owns 445 shares of the company’s stock valued at $39,000 after purchasing an additional 350 shares during the last quarter. 89.52% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on VAC. Truist Financial raised their target price on shares of Marriott Vacations Worldwide from $139.00 to $142.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Mizuho upped their target price on Marriott Vacations Worldwide from $110.00 to $117.00 and gave the company an “outperform” rating in a research 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 stock a “sell” rating in a report on Tuesday, December 10th. Barclays raised Marriott Vacations Worldwide from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $97.00 to $116.00 in a report on Friday, December 13th. Finally, StockNews.com raised shares of Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $106.22.

Marriott Vacations Worldwide Trading Up 0.2 %

VAC opened at $90.24 on Friday. The company has a quick ratio of 2.86, a current ratio of 3.53 and a debt-to-equity ratio of 2.19. Marriott Vacations Worldwide Co. has a twelve month low of $67.28 and a twelve month high of $108.57. The stock has a market capitalization of $3.15 billion, a price-to-earnings ratio of 17.19, a P/E/G ratio of 0.87 and a beta of 1.84. The company has a 50-day simple moving average of $88.64 and a 200 day simple moving average of $82.25.

Marriott Vacations Worldwide Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Thursday, December 19th will be 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 3.50%. The ex-dividend date of this dividend is Thursday, December 19th. Marriott Vacations Worldwide’s payout ratio is currently 60.19%.

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.