Versor Investments LP Decreases Stake in Marriott Vacations Worldwide Corporation $VAC

Versor Investments LP cut its holdings in shares of Marriott Vacations Worldwide Corporation (NYSE:VAC) by 66.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,155 shares of the company’s stock after selling 12,118 shares during the quarter. Versor Investments LP’s holdings in Marriott Vacations Worldwide were worth $410,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Ameritas Advisory Services LLC purchased a new position in Marriott Vacations Worldwide in the 2nd quarter worth approximately $25,000. Pinnacle Bancorp Inc. acquired a new stake in shares of Marriott Vacations Worldwide in the third quarter valued at approximately $25,000. Hantz Financial Services Inc. lifted its position in Marriott Vacations Worldwide by 627.8% during the second quarter. Hantz Financial Services Inc. now owns 393 shares of the company’s stock worth $28,000 after buying an additional 339 shares in the last quarter. Assetmark Inc. lifted its position in Marriott Vacations Worldwide by 90.6% during the second quarter. Assetmark Inc. now owns 427 shares of the company’s stock worth $31,000 after buying an additional 203 shares in the last quarter. Finally, Allworth Financial LP boosted its stake in Marriott Vacations Worldwide by 79.8% during the second quarter. Allworth Financial LP now owns 473 shares of the company’s stock worth $34,000 after buying an additional 210 shares during the last quarter. Institutional investors and hedge funds own 89.52% of the company’s stock.

Marriott Vacations Worldwide Stock Performance

Shares of VAC stock opened at $53.26 on Friday. The company has a debt-to-equity ratio of 2.29, a quick ratio of 3.22 and a current ratio of 3.87. The firm has a market cap of $1.84 billion, a P/E ratio of 11.94, a P/E/G ratio of 1.38 and a beta of 1.33. The firm’s 50 day moving average price is $57.82 and its 200-day moving average price is $64.25. Marriott Vacations Worldwide Corporation has a one year low of $44.58 and a one year high of $91.18.

Marriott Vacations Worldwide Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 7th. Stockholders of record on Wednesday, December 24th were paid a $0.80 dividend. The ex-dividend date of this dividend was Wednesday, December 24th. This is a boost from Marriott Vacations Worldwide’s previous quarterly dividend of $0.79. This represents a $3.20 dividend on an annualized basis and a dividend yield of 6.0%. Marriott Vacations Worldwide’s payout ratio is presently 71.75%.

Insider Transactions at Marriott Vacations Worldwide

In other Marriott Vacations Worldwide news, Director Dianna Morgan purchased 500 shares of Marriott Vacations Worldwide stock in a transaction dated Friday, November 21st. The shares were acquired at an average price of $51.22 per share, with a total value of $25,610.00. Following the completion of the transaction, the director owned 23,094 shares of the company’s stock, valued at $1,182,874.68. This trade represents a 2.21% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Christian Asmar acquired 84,000 shares of the stock in a transaction dated Wednesday, November 19th. The stock was acquired at an average cost of $47.44 per share, with a total value of $3,984,960.00. Following the purchase, the director owned 4,130,340 shares of the company’s stock, valued at approximately $195,943,329.60. This trade represents a 2.08% increase in their position. The SEC filing for this purchase provides additional information. In the last three months, insiders have bought 96,209 shares of company stock worth $4,573,353. 1.60% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have issued reports on VAC shares. Barclays cut their target price on Marriott Vacations Worldwide from $87.00 to $64.00 and set an “overweight” rating for the company in a research note on Friday, November 7th. The Goldman Sachs Group dropped their price objective on shares of Marriott Vacations Worldwide from $63.00 to $54.00 and set a “sell” rating for the company in a report on Tuesday, November 11th. Truist Financial reduced their target price on shares of Marriott Vacations Worldwide from $127.00 to $81.00 and set a “buy” rating on the stock in a research note on Friday, November 14th. Citizens Jmp dropped their price target on shares of Marriott Vacations Worldwide from $115.00 to $60.00 and set a “market outperform” rating for the company in a research note on Friday, November 7th. Finally, Stifel Nicolaus set a $83.00 price target on shares of Marriott Vacations Worldwide in a research report on Thursday, November 6th. Four equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Marriott Vacations Worldwide has a consensus rating of “Reduce” and an average target price of $61.13.

Marriott Vacations Worldwide Profile

Marriott Vacations Worldwide Corporation, headquartered in Orlando, Florida, specializes in the development, marketing and management of vacation ownership resorts and related products. Originally launched as a division of Marriott International in 1984, the company became a separate publicly traded entity in 2011. Since then, it has expanded its offerings through both organic growth and strategic acquisitions, establishing itself as a leading provider in the global timeshare industry.

The company’s core business activities include selling vacation ownership interests, managing a growing portfolio of branded resorts and operating a loyalty program that allows members to exchange or use points at affiliated properties.