State of New Jersey Common Pension Fund D Has $2.10 Million Stock Holdings in Marriott Vacations Worldwide Co. (NYSE:VAC)

State of New Jersey Common Pension Fund D decreased its holdings in shares of Marriott Vacations Worldwide Co. (NYSE:VAC) by 13.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,428 shares of the company’s stock after selling 3,666 shares during the period. State of New Jersey Common Pension Fund D owned approximately 0.07% of Marriott Vacations Worldwide worth $2,104,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. International Assets Investment Management LLC bought a new position in shares of Marriott Vacations Worldwide during the third quarter valued at about $14,983,000. Hotchkis & Wiley Capital Management LLC lifted its position in shares of Marriott Vacations Worldwide by 18.0% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 1,102,774 shares of the company’s stock valued at $81,032,000 after purchasing an additional 168,130 shares in the last quarter. Cibc World Market Inc. lifted its position in shares of Marriott Vacations Worldwide by 251.3% during the fourth quarter. Cibc World Market Inc. now owns 133,372 shares of the company’s stock valued at $11,977,000 after purchasing an additional 95,409 shares in the last quarter. Harbor Capital Advisors Inc. lifted its position in shares of Marriott Vacations Worldwide by 160.0% during the third quarter. Harbor Capital Advisors Inc. now owns 66,185 shares of the company’s stock valued at $4,863,000 after purchasing an additional 40,728 shares in the last quarter. Finally, Holocene Advisors LP lifted its position in shares of Marriott Vacations Worldwide by 71.7% during the third quarter. Holocene Advisors LP now owns 62,729 shares of the company’s stock valued at $4,609,000 after purchasing an additional 26,199 shares in the last quarter. Institutional investors and hedge funds own 89.52% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on VAC. Barclays raised shares of Marriott Vacations Worldwide from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $97.00 to $116.00 in a research report on Friday, December 13th. Morgan Stanley began coverage on shares of Marriott Vacations Worldwide in a research report on Monday, January 6th. They set an “underweight” rating and a $87.00 price target on the stock. StockNews.com raised shares of Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Truist Financial lifted their price objective on shares of Marriott Vacations Worldwide from $139.00 to $142.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Finally, Mizuho lifted 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 report on Tuesday, November 12th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $105.67.

Marriott Vacations Worldwide Price Performance

VAC opened at $84.41 on Friday. The company has a market capitalization of $2.95 billion, a price-to-earnings ratio of 16.08, a PEG ratio of 0.67 and a beta of 1.83. The company has a quick ratio of 2.86, a current ratio of 3.53 and a debt-to-equity ratio of 2.19. The firm has a 50-day moving average price of $87.26 and a 200-day moving average price of $82.75. Marriott Vacations Worldwide Co. has a twelve month low of $67.28 and a twelve month high of $108.57.

Marriott Vacations Worldwide Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th will be paid a $0.79 dividend. The ex-dividend date is Wednesday, March 5th. This represents a $3.16 annualized dividend and a dividend yield of 3.74%. Marriott Vacations Worldwide’s payout ratio is 60.19%.

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.