Virginia Retirement Systems ET AL decreased its position in Marriot Vacations Worldwide Corporation (NYSE:VAC) by 76.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,400 shares of the company’s stock after selling 8,000 shares during the quarter. Virginia Retirement Systems ET AL’s holdings in Marriot Vacations Worldwide were worth $299,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its position in Marriot Vacations Worldwide by 7.0% during the second quarter. JPMorgan Chase & Co. now owns 1,170 shares of the company’s stock worth $138,000 after purchasing an additional 77 shares during the period. Turner Investments LLC bought a new stake in Marriot Vacations Worldwide during the second quarter worth approximately $177,000. Quantbot Technologies LP bought a new stake in Marriot Vacations Worldwide during the second quarter worth approximately $196,000. M&T Bank Corp bought a new stake in Marriot Vacations Worldwide during the second quarter worth approximately $204,000. Finally, DekaBank Deutsche Girozentrale boosted its position in Marriot Vacations Worldwide by 87.9% during the third quarter. DekaBank Deutsche Girozentrale now owns 1,896 shares of the company’s stock worth $210,000 after purchasing an additional 887 shares during the period. 74.04% of the stock is owned by institutional investors and hedge funds.

Marriot Vacations Worldwide Corporation (NYSE:VAC) traded down $2.20 on Wednesday, hitting $131.51. The stock had a trading volume of 115,400 shares, compared to its average volume of 239,467. Marriot Vacations Worldwide Corporation has a 12 month low of $79.79 and a 12 month high of $143.53. The company has a quick ratio of 4.65, a current ratio of 6.64 and a debt-to-equity ratio of 1.21. The company has a market capitalization of $3,542.60, a PE ratio of 22.06 and a beta of 1.19.

Marriot Vacations Worldwide (NYSE:VAC) last posted its quarterly earnings data on Thursday, November 2nd. The company reported $1.41 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.27. Marriot Vacations Worldwide had a return on equity of 17.91% and a net margin of 8.28%. The company had revenue of $486.99 million during the quarter, compared to analysts’ expectations of $470.05 million. During the same period in the prior year, the business earned $0.96 earnings per share. Marriot Vacations Worldwide’s revenue for the quarter was up 21.2% compared to the same quarter last year. equities research analysts anticipate that Marriot Vacations Worldwide Corporation will post 5.38 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 4th. Stockholders of record on Thursday, December 21st will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.22%. This is a boost from Marriot Vacations Worldwide’s previous quarterly dividend of $0.35. The ex-dividend date is Wednesday, December 20th. Marriot Vacations Worldwide’s dividend payout ratio is currently 23.10%.

A number of equities research analysts have issued reports on the company. ValuEngine cut Marriot Vacations Worldwide from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Nomura assumed coverage on Marriot Vacations Worldwide in a research report on Wednesday, October 25th. They set a “buy” rating and a $151.00 target price for the company. Instinet started coverage on Marriot Vacations Worldwide in a research report on Wednesday, October 25th. They set a “buy” rating and a $151.00 target price for the company. BidaskClub raised Marriot Vacations Worldwide from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 23rd. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $130.00 price objective (up from $120.00) on shares of Marriot Vacations Worldwide in a research report on Thursday, September 21st. Two analysts have rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $133.22.

In related news, COO R. Lee Cunningham sold 9,000 shares of the company’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $135.02, for a total value of $1,215,180.00. Following the completion of the transaction, the chief operating officer now directly owns 19,356 shares in the company, valued at $2,613,447.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Michael E. Yonker sold 2,500 shares of the company’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $134.43, for a total value of $336,075.00. Following the completion of the transaction, the vice president now owns 3,128 shares of the company’s stock, valued at $420,497.04. The disclosure for this sale can be found here. Insiders sold 14,312 shares of company stock valued at $1,925,645 over the last three months. 3.30% of the stock is owned by company insiders.

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Marriot Vacations Worldwide Company Profile

Marriott Vacations Worldwide Corporation focuses on vacation ownership, based on number of owners, number of resorts and revenues. The Company is an exclusive worldwide developer, marketer, seller and manager of vacation ownership and related products under the Marriott Vacation Club and Grand Residences by Marriott brands.

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

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