Marriott Vacations Worldwide Corporation $VAC Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System reduced its position in Marriott Vacations Worldwide Corporation (NYSE:VAC) by 7.2% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 37,354 shares of the company’s stock after selling 2,900 shares during the quarter. New York State Teachers Retirement System’s holdings in Marriott Vacations Worldwide were worth $2,701,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in VAC. Fuller & Thaler Asset Management Inc. lifted its stake in shares of Marriott Vacations Worldwide by 32.2% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 1,822,687 shares of the company’s stock valued at $117,089,000 after purchasing an additional 444,126 shares during the period. Ananym Capital Management LP lifted its stake in shares of Marriott Vacations Worldwide by 75.1% in the 1st quarter. Ananym Capital Management LP now owns 428,647 shares of the company’s stock valued at $27,536,000 after purchasing an additional 183,805 shares during the period. Long Pond Capital LP acquired a new position in shares of Marriott Vacations Worldwide in the 1st quarter valued at $11,569,000. Hotchkis & Wiley Capital Management LLC lifted its stake in shares of Marriott Vacations Worldwide by 8.1% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 1,139,334 shares of the company’s stock valued at $73,191,000 after purchasing an additional 85,230 shares during the period. Finally, Nuveen LLC acquired a new position in Marriott Vacations Worldwide during the first quarter worth $4,493,000. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have weighed in on VAC. Weiss Ratings restated a “hold (c)” rating on shares of Marriott Vacations Worldwide in a research report on Wednesday, October 8th. Morgan Stanley restated an “underweight” rating on shares of Marriott Vacations Worldwide in a research report on Tuesday, July 15th. The Goldman Sachs Group upped their price objective on shares of Marriott Vacations Worldwide from $55.00 to $65.00 and gave the stock a “sell” rating in a research report on Wednesday, August 6th. Stifel Nicolaus set a $101.00 price objective on shares of Marriott Vacations Worldwide and gave the stock a “buy” rating in a research report on Tuesday, August 5th. Finally, Truist Financial reduced their price objective on shares of Marriott Vacations Worldwide from $128.00 to $127.00 and set a “buy” rating for the company in a research report on Thursday, August 21st. Four equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Marriott Vacations Worldwide has an average rating of “Hold” and an average price target of $90.50.

Marriott Vacations Worldwide Price Performance

Marriott Vacations Worldwide stock opened at $69.28 on Wednesday. Marriott Vacations Worldwide Corporation has a 52-week low of $49.22 and a 52-week high of $100.32. The firm has a market capitalization of $2.40 billion, a price-to-earnings ratio of 10.42, a PEG ratio of 0.98 and a beta of 1.46. The company has a fifty day simple moving average of $73.02 and a 200-day simple moving average of $69.84. The company has a quick ratio of 2.90, a current ratio of 3.55 and a debt-to-equity ratio of 2.17.

Marriott Vacations Worldwide (NYSE:VAC) last released its earnings results on Monday, August 4th. The company reported $1.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.72 by $0.24. Marriott Vacations Worldwide had a net margin of 5.10% and a return on equity of 11.74%. The business had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same quarter in the prior year, the firm earned $1.10 earnings per share. The company’s revenue for the quarter was up 9.3% compared to the same quarter last year. Marriott Vacations Worldwide has set its FY 2025 guidance at 6.400-7.100 EPS. On average, equities analysts anticipate that Marriott Vacations Worldwide Corporation will post 6.23 EPS for the current fiscal year.

Marriott Vacations Worldwide Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Wednesday, September 17th were issued a dividend of $0.79 per share. The ex-dividend date of this dividend was Wednesday, September 17th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 4.6%. Marriott Vacations Worldwide’s dividend payout ratio is presently 47.52%.

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.