New South Capital Management Inc. Buys 3,580 Shares of Marriott Vacations Worldwide Co. (NYSE:VAC)

New South Capital Management Inc. increased its stake in Marriott Vacations Worldwide Co. (NYSE:VAC) by 1.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 367,974 shares of the company’s stock after buying an additional 3,580 shares during the period. Marriott Vacations Worldwide accounts for 1.4% of New South Capital Management Inc.’s portfolio, making the stock its 27th largest position. New South Capital Management Inc.’s holdings in Marriott Vacations Worldwide were worth $33,044,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Blue Trust Inc. raised its stake in Marriott Vacations Worldwide by 130.7% in the fourth quarter. Blue Trust Inc. now owns 533 shares of the company’s stock worth $48,000 after buying an additional 302 shares in the last quarter. State of New Jersey Common Pension Fund D raised its stake 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 buying an additional 7,174 shares in the last quarter. Sanctuary Advisors LLC bought a new position in Marriott Vacations Worldwide in the third quarter worth about $348,000. Hotchkis & Wiley Capital Management LLC raised its stake in 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 worth $81,032,000 after buying an additional 168,130 shares in the last quarter. Finally, Cibc World Market Inc. raised its stake in Marriott Vacations Worldwide by 251.3% in the fourth quarter. Cibc World Market Inc. now owns 133,372 shares of the company’s stock worth $11,977,000 after buying an additional 95,409 shares in the last quarter. 89.52% of the stock is owned by institutional investors.

Marriott Vacations Worldwide Price Performance

Shares of VAC opened at $72.77 on Thursday. The company has a market capitalization of $2.54 billion, a P/E ratio of 13.86, a price-to-earnings-growth ratio of 0.67 and a beta of 1.83. The company has a quick ratio of 2.86, a current ratio of 3.53 and a debt-to-equity ratio of 2.19. The firm has a 50 day moving average of $85.57 and a 200 day moving average of $83.25. Marriott Vacations Worldwide Co. has a twelve month low of $67.28 and a twelve month high of $108.57.

Marriott Vacations Worldwide (NYSE:VAC) last announced its quarterly earnings results on Wednesday, February 26th. The company reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.35. The company had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.24 billion. Marriott Vacations Worldwide had a net margin of 4.20% and a return on equity of 10.89%. As a group, equities research analysts anticipate that Marriott Vacations Worldwide Co. will post 6.23 earnings per share for the current fiscal year.

Marriott Vacations Worldwide Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th will be given a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a yield of 4.34%. The ex-dividend date is Wednesday, March 5th. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is presently 56.23%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on VAC shares. StockNews.com raised shares of Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. The Goldman Sachs Group lifted their target price on shares of Marriott Vacations Worldwide from $70.00 to $85.00 and gave the company a “sell” rating in a report on Tuesday, December 10th. Truist Financial lifted their target price 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. Mizuho lifted their target price on shares of Marriott Vacations Worldwide from $117.00 to $120.00 and gave the company an “outperform” rating in a report on Tuesday, February 25th. Finally, Stifel Nicolaus lowered their target price on shares of Marriott Vacations Worldwide from $112.00 to $108.00 and set a “buy” rating for the company in a report on Thursday, February 27th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $103.00.

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.