Voya Investment Management LLC Cuts Stock Holdings in Marriott Vacations Worldwide Co. (NYSE:VAC)

Voya Investment Management LLC cut its stake in shares of Marriott Vacations Worldwide Co. (NYSE:VAC) by 99.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,226 shares of the company’s stock after selling 5,000,302 shares during the period. Voya Investment Management LLC’s holdings in Marriott Vacations Worldwide were worth $379,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in VAC. Dimensional Fund Advisors LP increased its stake in Marriott Vacations Worldwide by 6.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,883,197 shares of the company’s stock worth $169,110,000 after acquiring an additional 116,854 shares during the last quarter. Fuller & Thaler Asset Management Inc. raised its holdings in Marriott Vacations Worldwide by 5.7% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 1,378,561 shares of the company’s stock valued at $123,795,000 after buying an additional 74,956 shares during the period. Principal Financial Group Inc. lifted its position in Marriott Vacations Worldwide by 2.0% during the fourth quarter. Principal Financial Group Inc. now owns 1,181,961 shares of the company’s stock valued at $106,140,000 after buying an additional 23,380 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its stake in Marriott Vacations Worldwide by 0.9% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 778,684 shares of the company’s stock worth $69,926,000 after buying an additional 7,046 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its position in shares of Marriott Vacations Worldwide by 45.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 475,938 shares of the company’s stock worth $42,739,000 after acquiring an additional 148,457 shares in the last quarter. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Marriott Vacations Worldwide Trading Up 0.5 %

Shares of NYSE VAC opened at $64.66 on Friday. The stock has a market capitalization of $2.23 billion, a P/E ratio of 12.32, a PEG ratio of 0.67 and a beta of 1.42. The stock’s 50 day moving average price is $60.61 and its two-hundred day moving average price is $78.50. The company has a quick ratio of 2.86, a current ratio of 3.53 and a debt-to-equity ratio of 2.19. Marriott Vacations Worldwide Co. has a 52-week low of $49.22 and a 52-week high of $102.39.

Marriott Vacations Worldwide (NYSE:VAC) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.56 by $0.10. Marriott Vacations Worldwide had a return on equity of 10.89% and a net margin of 4.20%. The firm had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.21 billion. During the same period last year, the business posted $1.80 earnings per share. The firm’s revenue for the quarter was up .4% on a year-over-year basis. On average, analysts anticipate that Marriott Vacations Worldwide Co. will post 6.23 earnings per share for the current fiscal year.

Marriott Vacations Worldwide Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th were paid a dividend of $0.79 per share. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $3.16 annualized dividend and a yield of 4.89%. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is 56.23%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on VAC shares. Morgan Stanley raised shares of Marriott Vacations Worldwide from an “underweight” rating to an “equal weight” rating and decreased their price target for the stock from $67.00 to $57.00 in a research report on Tuesday, April 22nd. Truist Financial dropped their target price on Marriott Vacations Worldwide from $142.00 to $140.00 and set a “buy” rating on the stock in a report on Friday, March 7th. The Goldman Sachs Group boosted their price target on Marriott Vacations Worldwide from $48.00 to $55.00 and gave the stock a “sell” rating in a research report on Friday. Mizuho dropped their price objective on shares of Marriott Vacations Worldwide from $112.00 to $105.00 and set an “outperform” rating on the stock in a research note on Friday. Finally, Barclays decreased their target price on shares of Marriott Vacations Worldwide from $116.00 to $97.00 and set an “overweight” rating for the company in a research note on Friday, February 28th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $93.38.

Insiders Place Their Bets

In related news, insider Stephanie Sobeck Butera purchased 650 shares of the business’s stock in a transaction that occurred on Thursday, March 6th. The shares were acquired at an average price of $71.66 per share, with a total value of $46,579.00. Following the acquisition, the insider now owns 8,770 shares in the company, valued at approximately $628,458.20. This trade represents a 8.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.60% of the stock is currently owned by corporate insiders.

Marriott Vacations Worldwide 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.