Marriott Vacations Worldwide Corporation $VAC Stock: New South Capital Management Inc. Reduces Position

New South Capital Management Inc. reduced its position in Marriott Vacations Worldwide Corporation (NYSE:VAC) by 25.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 707,017 shares of the company’s stock after selling 246,120 shares during the period. Marriott Vacations Worldwide makes up about 4.9% of New South Capital Management Inc.’s investment portfolio, making the stock its 7th biggest position. New South Capital Management Inc.’s holdings in Marriott Vacations Worldwide were worth $72,314,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of VAC. Quantinno Capital Management LP increased its position in Marriott Vacations Worldwide by 12.3% during the first quarter. Quantinno Capital Management LP now owns 474,037 shares of the company’s stock valued at $30,869,000 after acquiring an additional 52,007 shares during the last quarter. Penn Capital Management Company LLC lifted its holdings in Marriott Vacations Worldwide by 23.4% in the third quarter. Penn Capital Management Company LLC now owns 200,801 shares of the company’s stock valued at $20,576,000 after acquiring an additional 38,061 shares during the period. Bank of New York Mellon Corp bought a new position in Marriott Vacations Worldwide in the second quarter valued at about $17,975,000. Ancora Advisors LLC bought a new position in Marriott Vacations Worldwide in the second quarter valued at about $16,002,000. Finally, Bamco Inc. NY purchased a new position in Marriott Vacations Worldwide in the second quarter worth about $14,751,000. Institutional investors own 89.52% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Truist Financial boosted their price target on Marriott Vacations Worldwide from $97.00 to $134.00 and gave the company a “buy” rating in a research note on Thursday, September 10th. Deutsche Bank reiterated a “buy” rating and issued a $134.00 price objective on shares of Marriott Vacations Worldwide in a research note on Wednesday, August 12th. Wells Fargo & Company lowered their price objective on shares of Marriott Vacations Worldwide from $100.00 to $97.00 and set an “underweight” rating on the stock in a research note on Thursday, November 5th. Morgan Stanley dropped their price objective on shares of Marriott Vacations Worldwide from $65.00 to $63.00 and set an “underweight” rating on the stock in a report on Thursday, October 22nd. Finally, The Goldman Sachs Group restated a “buy” rating and set a $132.00 target price on shares of Marriott Vacations Worldwide in a research report on Friday, August 7th. Eight equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $111.91.

Insider Transactions at Marriott Vacations Worldwide

In other news, Director Christian Asmar sold 750,000 shares of Marriott Vacations Worldwide stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $111.49, for a total transaction of $83,617,500.00. Following the transaction, the director directly owned 3,380,818 shares of the company’s stock, valued at $376,927,398.82. The trade was a 18.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Kathleen A. Pighini sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $120.00, for a total value of $300,000.00. Following the transaction, the insider owned 10,821 shares of the company’s stock, valued at approximately $1,298,520. This trade represents a 18.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 13.30% of the company’s stock.

Marriott Vacations Worldwide Trading Up 1.4%

Shares of VAC stock opened at $117.25 on Thursday. The company has a debt-to-equity ratio of 2.55, a current ratio of 3.78 and a quick ratio of 3.18. The company has a market cap of $4.04 billion, a price-to-earnings ratio of -15.78, a PEG ratio of 2.47 and a beta of 1.31. Marriott Vacations Worldwide Corporation has a 1 year low of $44.58 and a 1 year high of $131.34. The firm has a fifty day moving average price of $107.05 and a 200-day moving average price of $88.41.

Marriott Vacations Worldwide (NYSE:VAC) last released its earnings results on Wednesday, November 4th. The company reported $2.64 earnings per share for the quarter, beating the consensus estimate of $2.57 by $0.07. The company had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.42 billion. Marriott Vacations Worldwide had a positive return on equity of 14.36% and a negative net margin of 4.75%. Marriott Vacations Worldwide’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.69 earnings per share. As a group, equities analysts predict that Marriott Vacations Worldwide Corporation will post 9.07 earnings per share for the current year.

Marriott Vacations Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th were given a $0.80 dividend. The ex-dividend date was Wednesday, September 16th. This represents a $3.20 dividend on an annualized basis and a yield of 2.7%. Marriott Vacations Worldwide’s dividend payout ratio is presently -43.07%.

About Marriott Vacations Worldwide

Marriott Vacations Worldwide Corporation is a global vacation ownership and leisure company. It develops, markets and sells vacation ownership interests, and operates and manages resorts and related vacation programs. Its portfolio includes Marriott Vacation Club, Sheraton Vacation Club, Westin Vacation Club, Hyatt Vacation Club and other vacation ownership brands. The company also offers vacation exchange, rental and membership services, including through Interval International. Its resorts and programs serve travelers in destinations across the Americas, the Caribbean, Europe and the Asia-Pacific region.