Texas Permanent School Fund Reduces Position in Marriott Vacations Worldwide Co. (NYSE:VAC)

Texas Permanent School Fund trimmed its holdings in Marriott Vacations Worldwide Co. (NYSE:VACGet Rating) by 2.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,198 shares of the company’s stock after selling 646 shares during the quarter. Texas Permanent School Fund owned about 0.07% of Marriott Vacations Worldwide worth $4,762,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Total Clarity Wealth Management Inc. acquired a new position in Marriott Vacations Worldwide during the fourth quarter worth $25,000. Sageworth Trust Co of South Dakota acquired a new position in shares of Marriott Vacations Worldwide during the 4th quarter valued at about $28,000. UMB Bank N A MO purchased a new stake in shares of Marriott Vacations Worldwide in the fourth quarter valued at about $31,000. Cornerstone Advisory LLC acquired a new stake in Marriott Vacations Worldwide during the fourth quarter worth about $43,000. Finally, Migdal Insurance & Financial Holdings Ltd. raised its stake in Marriott Vacations Worldwide by 60.9% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 420 shares of the company’s stock worth $66,000 after purchasing an additional 159 shares during the period. 86.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

VAC has been the subject of a number of recent analyst reports. StockNews.com downgraded shares of Marriott Vacations Worldwide from a “buy” rating to a “hold” rating in a report on Wednesday, June 22nd. Deutsche Bank Aktiengesellschaft cut their target price on Marriott Vacations Worldwide from $202.00 to $188.00 in a research note on Friday, June 17th. Finally, Barclays started coverage on Marriott Vacations Worldwide in a research note on Tuesday, June 28th. They issued an “overweight” rating and a $136.00 price target on the stock. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Marriott Vacations Worldwide currently has an average rating of “Moderate Buy” and an average target price of $187.00.

Marriott Vacations Worldwide Trading Down 1.3 %

Shares of NYSE VAC opened at $138.79 on Friday. The stock has a fifty day simple moving average of $129.33 and a 200-day simple moving average of $145.07. Marriott Vacations Worldwide Co. has a twelve month low of $110.08 and a twelve month high of $174.74. The company has a current ratio of 2.86, a quick ratio of 2.31 and a debt-to-equity ratio of 1.60. The stock has a market capitalization of $5.75 billion, a PE ratio of 46.26 and a beta of 2.15.

Marriott Vacations Worldwide (NYSE:VACGet Rating) last released its earnings results on Thursday, May 5th. The company reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.23. Marriott Vacations Worldwide had a return on equity of 9.84% and a net margin of 3.23%. The company had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same period in the previous year, the company posted ($0.49) EPS. Marriott Vacations Worldwide’s revenue was up 38.6% compared to the same quarter last year. On average, equities analysts forecast that Marriott Vacations Worldwide Co. will post 9.98 earnings per share for the current year.

Marriott Vacations Worldwide Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 9th. Shareholders of record on Thursday, May 26th were issued a dividend of $0.62 per share. The ex-dividend date of this dividend was Wednesday, May 25th. This represents a $2.48 dividend on an annualized basis and a yield of 1.79%. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is presently 82.67%.

Marriott Vacations Worldwide Company Profile

(Get Rating)

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

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

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