Marriott Vacations Worldwide Co. (NYSE:VAC) Stake Lessened by Senvest Management LLC

Senvest Management LLC lessened its position in shares of Marriott Vacations Worldwide Co. (NYSE:VAC) by 3.1% in the third quarter, Holdings Channel reports. The fund owned 1,893,966 shares of the company’s stock after selling 60,797 shares during the quarter. Marriott Vacations Worldwide comprises 4.9% of Senvest Management LLC’s investment portfolio, making the stock its 6th biggest holding. Senvest Management LLC owned 0.05% of Marriott Vacations Worldwide worth $139,169,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in Marriott Vacations Worldwide by 4.6% in the first quarter. Vanguard Group Inc. now owns 3,266,238 shares of the company’s stock worth $351,872,000 after acquiring an additional 143,074 shares during the period. Dimensional Fund Advisors LP raised its holdings in Marriott Vacations Worldwide by 14.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,599,789 shares of the company’s stock worth $139,687,000 after purchasing an additional 207,938 shares during the period. Victory Capital Management Inc. lifted its position in Marriott Vacations Worldwide by 0.5% during the third quarter. Victory Capital Management Inc. now owns 767,818 shares of the company’s stock valued at $56,419,000 after purchasing an additional 3,983 shares in the last quarter. Van Berkom & Associates Inc. grew its holdings in Marriott Vacations Worldwide by 19.1% during the second quarter. Van Berkom & Associates Inc. now owns 722,164 shares of the company’s stock valued at $63,059,000 after purchasing an additional 115,993 shares during the period. Finally, New South Capital Management Inc. increased its position in Marriott Vacations Worldwide by 6.6% in the third quarter. New South Capital Management Inc. now owns 364,394 shares of the company’s stock worth $26,776,000 after buying an additional 22,672 shares in the last quarter. Institutional investors own 89.52% of the company’s stock.

Insider Buying and Selling

In other news, insider Jason P. Marino acquired 700 shares of Marriott Vacations Worldwide stock in a transaction on Wednesday, September 11th. The shares were acquired at an average price of $69.00 per share, with a total value of $48,300.00. Following the purchase, the insider now directly owns 15,851 shares in the company, valued at $1,093,719. The trade was a 4.62 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.70% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Stifel Nicolaus lowered their price objective on Marriott Vacations Worldwide from $108.00 to $96.50 and set a “buy” rating on the stock in a research report on Friday, September 13th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Marriott Vacations Worldwide from $121.00 to $95.00 and set a “buy” rating on the stock in a report on Tuesday, August 6th. Mizuho increased their price objective on shares of Marriott Vacations Worldwide from $110.00 to $117.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. JMP Securities decreased their price objective on shares of Marriott Vacations Worldwide from $115.00 to $90.00 and set a “market outperform” rating on the stock in a research report on Friday, August 2nd. Finally, Barclays upped their target price on shares of Marriott Vacations Worldwide from $74.00 to $97.00 and gave the stock an “equal weight” rating in a report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $101.72.

Marriott Vacations Worldwide Stock Performance

VAC opened at $94.07 on Friday. The stock has a market capitalization of $3.28 billion, a price-to-earnings ratio of 17.92, a PEG ratio of 0.83 and a beta of 1.79. Marriott Vacations Worldwide Co. has a fifty-two week low of $67.28 and a fifty-two week high of $108.57. The company has a debt-to-equity ratio of 2.19, a quick ratio of 2.86 and a current ratio of 3.53. The company has a fifty day moving average of $80.14 and a 200 day moving average of $82.14.

Marriott Vacations Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Thursday, September 19th were issued a $0.76 dividend. The ex-dividend date was Thursday, September 19th. This represents a $3.04 annualized dividend and a dividend yield of 3.23%. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is 57.90%.

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.