California Public Employees Retirement System increased its stake in Marriott Vacations Worldwide Co. (NYSE:VAC) by 2.9% in the third quarter, Holdings Channel.com reports. The institutional investor owned 95,781 shares of the company’s stock after acquiring an additional 2,733 shares during the period. California Public Employees Retirement System’s holdings in Marriott Vacations Worldwide were worth $8,698,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in VAC. Iridian Asset Management LLC CT raised its holdings in shares of Marriott Vacations Worldwide by 25.6% in the 3rd quarter. Iridian Asset Management LLC CT now owns 1,248,896 shares of the company’s stock valued at $113,412,000 after purchasing an additional 254,917 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Marriott Vacations Worldwide by 3.4% during the second quarter. Charles Schwab Investment Management Inc. now owns 447,153 shares of the company’s stock worth $36,761,000 after purchasing an additional 14,819 shares during the period. Victory Capital Management Inc. increased its stake in shares of Marriott Vacations Worldwide by 30.8% during the second quarter. Victory Capital Management Inc. now owns 338,785 shares of the company’s stock worth $27,852,000 after purchasing an additional 79,853 shares during the period. New South Capital Management Inc. increased its stake in shares of Marriott Vacations Worldwide by 4.0% during the second quarter. New South Capital Management Inc. now owns 237,582 shares of the company’s stock worth $19,532,000 after purchasing an additional 9,237 shares during the period. Finally, Channing Capital Management LLC increased its stake in shares of Marriott Vacations Worldwide by 187.9% during the second quarter. Channing Capital Management LLC now owns 232,704 shares of the company’s stock worth $19,131,000 after purchasing an additional 151,869 shares during the period. 87.15% of the stock is owned by institutional investors.

A number of brokerages have recently weighed in on VAC. Credit Suisse Group increased their target price on Marriott Vacations Worldwide from $117.00 to $145.00 and gave the stock an “outperform” rating in a research note on Friday, November 6th. ValuEngine raised Marriott Vacations Worldwide from a “hold” rating to a “buy” rating in a research report on Thursday, October 1st. Deutsche Bank Aktiengesellschaft increased their price target on Marriott Vacations Worldwide from $77.00 to $88.00 and gave the stock a “hold” rating in a research report on Monday, November 9th. Zacks Investment Research downgraded Marriott Vacations Worldwide from a “hold” rating to a “sell” rating and set a $136.00 price target on the stock. in a research report on Friday, November 13th. Finally, Truist increased their price target on Marriott Vacations Worldwide from $120.00 to $132.00 in a research report on Friday, November 6th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company. Marriott Vacations Worldwide presently has a consensus rating of “Buy” and a consensus target price of $114.63.

Shares of VAC stock opened at $125.34 on Friday. The stock’s fifty day moving average price is $105.02 and its two-hundred day moving average price is $93.13. The company has a market cap of $5.15 billion, a PE ratio of -45.74 and a beta of 2.38. Marriott Vacations Worldwide Co. has a fifty-two week low of $30.10 and a fifty-two week high of $157.67. The company has a debt-to-equity ratio of 1.68, a quick ratio of 2.94 and a current ratio of 3.65.

Marriott Vacations Worldwide (NYSE:VAC) last issued its earnings results on Monday, November 9th. The company reported ($0.81) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.67) by ($0.14). Marriott Vacations Worldwide had a negative net margin of 2.94% and a positive return on equity of 6.53%. The business had revenue of $649.00 million during the quarter, compared to analyst estimates of $617.80 million. During the same period in the prior year, the business posted $1.97 EPS. The company’s revenue for the quarter was down 39.1% compared to the same quarter last year. On average, equities analysts predict that Marriott Vacations Worldwide Co. will post -0.14 EPS for the current fiscal year.

In related news, VP Dwight D. Smith sold 1,565 shares of the firm’s stock in a transaction on Wednesday, November 18th. The stock was sold at an average price of $128.19, for a total transaction of $200,617.35. Following the completion of the transaction, the vice president now directly owns 16,194 shares of the company’s stock, valued at approximately $2,075,908.86. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP John E. Geller, Jr. sold 20,000 shares of the firm’s stock in a transaction on Monday, November 9th. The stock was sold at an average price of $128.58, for a total value of $2,571,600.00. Following the transaction, the vice president now directly owns 105,008 shares of the company’s stock, valued at $13,501,928.64. The disclosure for this sale can be found here. Company insiders own 2.20% of the company’s stock.

About Marriott Vacations Worldwide

Marriott Vacations Worldwide Corporation develops, markets, sells, and manages vacation ownership and related products under the Marriott Vacation Club, Grand Residences by Marriott, Sheraton, Westin, Hyatt Residence Club, and Marriott Vacation Club Pulse brands. The company operates through two segments, Vacation Ownership and Exchange & Third-Party Management.

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Institutional Ownership by Quarter for Marriott Vacations Worldwide (NYSE:VAC)

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