Van Berkom & Associates Inc. Decreases Stake in Marriott Vacations Worldwide Co. (NYSE:VAC)

Van Berkom & Associates Inc. lowered its stake in shares of Marriott Vacations Worldwide Co. (NYSE:VAC) by 53.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 366,614 shares of the company’s stock after selling 417,083 shares during the quarter. Van Berkom & Associates Inc.’s holdings in Marriott Vacations Worldwide were worth $32,922,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Blue Trust Inc. boosted its holdings 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 acquiring an additional 302 shares during the period. New South Capital Management Inc. lifted its stake in Marriott Vacations Worldwide by 6.6% in the third quarter. New South Capital Management Inc. now owns 364,394 shares of the company’s stock valued at $26,776,000 after acquiring an additional 22,672 shares during the last quarter. State of New Jersey Common Pension Fund D grew its position in Marriott Vacations Worldwide by 36.0% in the third quarter. State of New Jersey Common Pension Fund D now owns 27,094 shares of the company’s stock worth $1,991,000 after acquiring an additional 7,174 shares in the last quarter. Sanctuary Advisors LLC bought a new position in shares of Marriott Vacations Worldwide during the 3rd quarter valued at $348,000. Finally, Hotchkis & Wiley Capital Management LLC increased its position in Marriott Vacations Worldwide by 18.0% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 1,102,774 shares of the company’s stock worth $81,032,000 after buying an additional 168,130 shares during the last quarter. Institutional investors and hedge funds own 89.52% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on VAC. Stifel Nicolaus upped their target price on Marriott Vacations Worldwide from $102.00 to $112.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Truist Financial increased their price target on shares of Marriott Vacations Worldwide from $139.00 to $142.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Morgan Stanley started coverage on shares of Marriott Vacations Worldwide in a research report on Monday, January 6th. They issued an “underweight” rating and a $87.00 price target on the stock. The Goldman Sachs Group upped their price objective 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. Finally, StockNews.com raised Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Marriott Vacations Worldwide has an average rating of “Hold” and a consensus target price of $105.67.

Marriott Vacations Worldwide Trading Down 3.3 %

Shares of VAC opened at $87.99 on Friday. The stock has a 50 day simple moving average of $87.46 and a 200-day simple moving average of $82.60. 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 stock has a market cap of $3.07 billion, a PE ratio of 16.76, a PEG ratio of 0.67 and a beta of 1.83. Marriott Vacations Worldwide Co. has a 1 year low of $67.28 and a 1 year high of $108.57.

Marriott Vacations Worldwide Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Thursday, December 19th were issued a dividend of $0.79 per share. The ex-dividend date was Thursday, December 19th. This is a boost from Marriott Vacations Worldwide’s previous quarterly dividend of $0.76. This represents a $3.16 dividend on an annualized basis and a dividend yield of 3.59%. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is presently 60.19%.

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.