Investors Research Corp Sells 200 Shares of Marriott Vacations Worldwide Co. (NYSE:VAC)

Investors Research Corp reduced its stake in shares of Marriott Vacations Worldwide Co. (NYSE:VAC) by 1.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 16,950 shares of the company’s stock after selling 200 shares during the period. Investors Research Corp’s holdings in Marriott Vacations Worldwide were worth $1,522,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Principal Financial Group Inc. raised its position in Marriott Vacations Worldwide by 2.0% in the 4th quarter. Principal Financial Group Inc. now owns 1,181,961 shares of the company’s stock worth $106,140,000 after purchasing an additional 23,380 shares during the period. Hotchkis & Wiley Capital Management LLC increased its position in shares of Marriott Vacations Worldwide by 18.0% in 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 acquiring an additional 168,130 shares during the period. Victory Capital Management Inc. increased its position in shares of Marriott Vacations Worldwide by 0.5% in the third quarter. Victory Capital Management Inc. now owns 767,818 shares of the company’s stock valued at $56,419,000 after acquiring an additional 3,983 shares during the period. New South Capital Management Inc. increased its position in shares of Marriott Vacations Worldwide by 1.0% in the fourth quarter. New South Capital Management Inc. now owns 367,974 shares of the company’s stock valued at $33,044,000 after acquiring an additional 3,580 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Marriott Vacations Worldwide by 2.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 255,947 shares of the company’s stock valued at $22,984,000 after acquiring an additional 6,516 shares during the period. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Mizuho boosted their price objective on shares of Marriott Vacations Worldwide from $117.00 to $120.00 and gave the company an “outperform” rating in a research report on Tuesday, February 25th. Barclays decreased their price objective on shares of Marriott Vacations Worldwide from $116.00 to $97.00 and set an “overweight” rating on the stock in a research report on Friday, February 28th. Truist Financial decreased their price objective on shares of Marriott Vacations Worldwide from $142.00 to $140.00 and set a “buy” rating on the stock in a research report on Friday. Morgan Stanley assumed coverage on shares of Marriott Vacations Worldwide in a research report on Monday, January 6th. They set an “underweight” rating and a $87.00 price target on the stock. Finally, The Goldman Sachs Group boosted their price target on shares of Marriott Vacations Worldwide from $70.00 to $85.00 and gave the company a “sell” rating in a research report on Tuesday, December 10th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $102.75.

Insider Transactions at Marriott Vacations Worldwide

In other news, insider Stephanie Sobeck Butera bought 650 shares of the company’s stock in a transaction dated Thursday, March 6th. The shares were purchased at an average price of $71.66 per share, for a total transaction 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. This represents a 8.00 % increase in their position. The transaction 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.

Marriott Vacations Worldwide Trading Up 1.8 %

NYSE:VAC opened at $72.99 on Monday. Marriott Vacations Worldwide Co. has a one year low of $67.28 and a one year high of $108.57. The company has a debt-to-equity ratio of 2.19, a current ratio of 3.53 and a quick ratio of 2.86. The company’s 50-day simple moving average is $84.44 and its 200 day simple moving average is $83.26. The firm has a market capitalization of $2.55 billion, a P/E ratio of 13.90, a PEG ratio of 0.67 and a beta of 1.83.

Marriott Vacations Worldwide (NYSE:VAC) last posted its quarterly earnings data on Wednesday, February 26th. The company reported $1.86 EPS for the quarter, topping the consensus estimate of $1.51 by $0.35. Marriott Vacations Worldwide had a net margin of 4.20% and a return on equity of 10.89%. The business had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.24 billion. As a group, analysts forecast that Marriott Vacations Worldwide Co. will post 6.23 EPS for the current fiscal year.

Marriott Vacations Worldwide Dividend Announcement

The company 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 is Wednesday, March 5th. This represents a $3.16 annualized dividend and a dividend yield of 4.33%. Marriott Vacations Worldwide’s dividend payout ratio is presently 56.23%.

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.