New South Capital Management Inc. Has $26.78 Million Stock Holdings in Marriott Vacations Worldwide Co. (NYSE:VAC)

New South Capital Management Inc. lifted its holdings in Marriott Vacations Worldwide Co. (NYSE:VAC) by 6.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 364,394 shares of the company’s stock after purchasing an additional 22,672 shares during the quarter. New South Capital Management Inc. owned about 1.04% of Marriott Vacations Worldwide worth $26,776,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Verity Asset Management Inc. lifted its stake in Marriott Vacations Worldwide by 3.1% in the 3rd quarter. Verity Asset Management Inc. now owns 4,303 shares of the company’s stock valued at $316,000 after acquiring an additional 131 shares in the last quarter. Covestor Ltd lifted its stake in Marriott Vacations Worldwide by 10.5% in the 1st quarter. Covestor Ltd now owns 1,670 shares of the company’s stock valued at $180,000 after acquiring an additional 159 shares in the last quarter. Commonwealth Equity Services LLC lifted its stake in Marriott Vacations Worldwide by 5.4% in the 2nd quarter. Commonwealth Equity Services LLC now owns 4,251 shares of the company’s stock valued at $371,000 after acquiring an additional 216 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Marriott Vacations Worldwide by 615.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 286 shares of the company’s stock valued at $31,000 after acquiring an additional 246 shares in the last quarter. Finally, Quarry LP raised its stake in shares of Marriott Vacations Worldwide by 368.4% during the 2nd quarter. Quarry LP now owns 445 shares of the company’s stock worth $39,000 after purchasing an additional 350 shares in the last quarter. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Marriott Vacations Worldwide Stock Performance

NYSE VAC traded down $0.83 on Tuesday, reaching $93.31. The stock had a trading volume of 3,614 shares, compared to its average volume of 463,713. The company has a debt-to-equity ratio of 1.26, a current ratio of 3.28 and a quick ratio of 2.72. The firm has a fifty day moving average of $76.48 and a two-hundred day moving average of $82.41. Marriott Vacations Worldwide Co. has a 1-year low of $67.28 and a 1-year high of $108.57. The company has a market cap of $3.27 billion, a P/E ratio of 17.93, a price-to-earnings-growth ratio of 0.87 and a beta of 1.79.

Marriott Vacations Worldwide Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Thursday, September 19th were issued a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a dividend yield of 3.26%. The ex-dividend date was Thursday, September 19th. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is currently 57.90%.

Insider Transactions at Marriott Vacations Worldwide

In related news, insider Jason P. Marino bought 700 shares of Marriott Vacations Worldwide stock in a transaction dated Wednesday, September 11th. The shares were bought at an average cost of $69.00 per share, with a total value of $48,300.00. Following the acquisition, the insider now owns 15,851 shares in the company, valued at $1,093,719. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. 1.70% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages have recently issued reports on VAC. Truist Financial dropped their price objective on Marriott Vacations Worldwide from $161.00 to $159.00 and set a “buy” rating on the stock in a research note on Friday, July 19th. JMP Securities dropped their price objective on Marriott Vacations Worldwide from $115.00 to $90.00 and set a “market outperform” rating on the stock in a research note on Friday, August 2nd. StockNews.com upgraded Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a research note on Friday. The Goldman Sachs Group began coverage on Marriott Vacations Worldwide in a research note on Wednesday, September 18th. They set a “sell” rating and a $62.00 price objective on the stock. Finally, Mizuho upped their price objective on Marriott Vacations Worldwide from $110.00 to $117.00 and gave the stock an “outperform” rating in a research note on Tuesday. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $98.05.

Marriott Vacations Worldwide Company Profile

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.