Wedge Capital Management L L P NC Sells 2,791 Shares of Marriott Vacations Worldwide Co. (NYSE:VAC)

Wedge Capital Management L L P NC reduced its position in shares of Marriott Vacations Worldwide Co. (NYSE:VAC) by 8.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 30,265 shares of the company’s stock after selling 2,791 shares during the period. Wedge Capital Management L L P NC owned 0.09% of Marriott Vacations Worldwide worth $2,569,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Van Berkom & Associates Inc. increased its holdings in shares of Marriott Vacations Worldwide by 31.2% in the 3rd quarter. Van Berkom & Associates Inc. now owns 599,290 shares of the company’s stock worth $60,307,000 after buying an additional 142,349 shares during the last quarter. Burgundy Asset Management Ltd. increased its stake in Marriott Vacations Worldwide by 25.0% during the 3rd quarter. Burgundy Asset Management Ltd. now owns 686,302 shares of the company’s stock valued at $69,063,000 after purchasing an additional 137,236 shares in the last quarter. New South Capital Management Inc. increased its stake in Marriott Vacations Worldwide by 113.4% during the 3rd quarter. New South Capital Management Inc. now owns 246,297 shares of the company’s stock valued at $24,785,000 after purchasing an additional 130,872 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Marriott Vacations Worldwide by 43.1% during the 3rd quarter. Victory Capital Management Inc. now owns 418,202 shares of the company’s stock valued at $42,084,000 after acquiring an additional 125,926 shares during the last quarter. Finally, Senvest Management LLC boosted its holdings in shares of Marriott Vacations Worldwide by 5.9% in the third quarter. Senvest Management LLC now owns 2,100,786 shares of the company’s stock worth $211,402,000 after buying an additional 116,823 shares during the last quarter. Institutional investors own 89.52% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on VAC shares. Barclays upped their price objective on shares of Marriott Vacations Worldwide from $90.00 to $102.00 and gave the stock an “equal weight” rating in a research note on Friday, February 23rd. Jefferies Financial Group upped their price objective on shares of Marriott Vacations Worldwide from $90.00 to $92.00 and gave the stock a “hold” rating in a research note on Tuesday, January 2nd. JMP Securities upped their price objective on shares of Marriott Vacations Worldwide from $105.00 to $115.00 and gave the stock a “market outperform” rating in a research note on Monday, February 26th. JPMorgan Chase & Co. upped their price objective on shares of Marriott Vacations Worldwide from $93.00 to $107.00 and gave the stock a “neutral” rating in a research note on Friday, February 23rd. Finally, Truist Financial upped their price objective on shares of Marriott Vacations Worldwide from $149.00 to $159.00 and gave the company a “buy” rating in a report on Tuesday, March 5th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $109.71.

Marriott Vacations Worldwide Stock Up 1.4 %

Shares of VAC opened at $103.19 on Thursday. Marriott Vacations Worldwide Co. has a 52-week low of $72.78 and a 52-week high of $139.28. The company has a market capitalization of $3.63 billion, a PE ratio of 16.51 and a beta of 1.85. The stock has a fifty day simple moving average of $97.17 and a two-hundred day simple moving average of $89.07. The company has a quick ratio of 2.64, a current ratio of 3.15 and a debt-to-equity ratio of 2.16.

Marriott Vacations Worldwide (NYSE:VAC) last issued its earnings results on Wednesday, February 21st. The company reported $1.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.80 by $0.08. Marriott Vacations Worldwide had a return on equity of 13.21% and a net margin of 5.37%. The business had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same period last year, the company earned $2.74 EPS. The company’s revenue for the quarter was up .5% on a year-over-year basis. As a group, equities analysts forecast that Marriott Vacations Worldwide Co. will post 7.8 EPS for the current year.

Marriott Vacations Worldwide Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 14th. Investors of record on Thursday, February 29th were paid a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a yield of 2.95%. The ex-dividend date of this dividend was Wednesday, February 28th. Marriott Vacations Worldwide’s payout ratio is 48.64%.

About Marriott Vacations Worldwide

Marriott Vacations Worldwide Corporation, a vacation company, develops, markets, sells, and manages vacation ownership and related businesses, products, and services in the United States and internationally. It operates through two segments, Vacation Ownership and Exchange & Third-Party Management.