HighTower Advisors LLC Trims Stake in Marriott Vacations Worldwide Co. (NYSE:VAC)

HighTower Advisors LLC reduced its position in shares of Marriott Vacations Worldwide Co. (NYSE:VAC) by 4.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 130,507 shares of the company’s stock after selling 6,320 shares during the quarter. HighTower Advisors LLC’s holdings in Marriott Vacations Worldwide were worth $11,720,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of VAC. Hotchkis & Wiley Capital Management LLC increased its holdings in Marriott Vacations Worldwide by 18.0% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 1,102,774 shares of the company’s stock worth $81,032,000 after purchasing an additional 168,130 shares during the period. Cibc World Market Inc. boosted its position in Marriott Vacations Worldwide by 251.3% during the 4th quarter. Cibc World Market Inc. now owns 133,372 shares of the company’s stock valued at $11,977,000 after acquiring an additional 95,409 shares in the last quarter. Wealthfront Advisers LLC bought a new stake in Marriott Vacations Worldwide during the 4th quarter valued at $2,693,000. Holocene Advisors LP boosted its position in Marriott Vacations Worldwide by 71.7% during the 3rd quarter. Holocene Advisors LP now owns 62,729 shares of the company’s stock valued at $4,609,000 after acquiring an additional 26,199 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its position in Marriott Vacations Worldwide by 2.0% during the 4th quarter. Principal Financial Group Inc. now owns 1,181,961 shares of the company’s stock valued at $106,140,000 after acquiring an additional 23,380 shares in the last quarter. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on VAC. Morgan Stanley began coverage on Marriott Vacations Worldwide in a research report on Monday, January 6th. They set an “underweight” rating and a $87.00 target price on the stock. Truist Financial dropped their target price on Marriott Vacations Worldwide from $142.00 to $140.00 and set a “buy” rating on the stock in a research report on Friday, March 7th. Mizuho increased their target price on Marriott Vacations Worldwide from $117.00 to $120.00 and gave the company an “outperform” rating in a research report on Tuesday, February 25th. Stifel Nicolaus dropped their target price on Marriott Vacations Worldwide from $112.00 to $108.00 and set a “buy” rating on the stock in a research report on Thursday, February 27th. Finally, Barclays lowered their price objective on Marriott Vacations Worldwide from $116.00 to $97.00 and set an “overweight” rating for the company in a research report on Friday, February 28th. 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, Marriott Vacations Worldwide has a consensus rating of “Hold” and a consensus target price of $102.75.

Insider Buying and Selling

In related news, insider Stephanie Sobeck Butera acquired 650 shares of Marriott Vacations Worldwide stock in a transaction on Thursday, March 6th. The stock was acquired at an average price of $71.66 per share, for a total transaction of $46,579.00. Following the purchase, the insider now owns 8,770 shares of the company’s stock, valued at approximately $628,458.20. This represents a 8.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.30% of the stock is currently owned by company insiders.

Marriott Vacations Worldwide Stock Up 0.2 %

Marriott Vacations Worldwide stock opened at $66.55 on Monday. The stock has a market capitalization of $2.32 billion, a price-to-earnings ratio of 12.68, a PEG ratio of 0.67 and a beta of 1.83. 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 business has a fifty day moving average price of $82.39 and a 200-day moving average price of $83.09. Marriott Vacations Worldwide Co. has a 1-year low of $65.94 and a 1-year high of $108.57.

Marriott Vacations Worldwide (NYSE:VAC) last issued its earnings results on Wednesday, February 26th. The company reported $1.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.51 by $0.35. The company had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.24 billion. Marriott Vacations Worldwide had a return on equity of 10.89% and a net margin of 4.20%. Equities research 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. Investors 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 dividend on an annualized basis and a yield of 4.75%. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is 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.