Versor Investments LP Cuts Stock Holdings in Marriott Vacations Worldwide Corporation $VAC

Versor Investments LP reduced its stake in Marriott Vacations Worldwide Corporation (NYSE:VAC) by 66.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,155 shares of the company’s stock after selling 12,118 shares during the period. Versor Investments LP’s holdings in Marriott Vacations Worldwide were worth $410,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of VAC. Goldman Sachs Group Inc. raised its position in Marriott Vacations Worldwide by 18.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 140,662 shares of the company’s stock valued at $9,036,000 after purchasing an additional 21,623 shares in the last quarter. Empowered Funds LLC increased its stake in shares of Marriott Vacations Worldwide by 147.9% during the first quarter. Empowered Funds LLC now owns 8,487 shares of the company’s stock worth $545,000 after buying an additional 5,064 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Marriott Vacations Worldwide by 4.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 100,636 shares of the company’s stock valued at $6,465,000 after acquiring an additional 4,497 shares in the last quarter. Ameritas Advisory Services LLC acquired a new stake in Marriott Vacations Worldwide in the second quarter valued at approximately $25,000. Finally, KLP Kapitalforvaltning AS lifted its stake in Marriott Vacations Worldwide by 14.3% in the second quarter. KLP Kapitalforvaltning AS now owns 6,400 shares of the company’s stock worth $463,000 after acquiring an additional 800 shares during the last quarter. 89.52% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Marriott Vacations Worldwide

In other Marriott Vacations Worldwide news, Director Jonice M. Gray bought 1,100 shares of the business’s stock in a transaction dated Tuesday, November 25th. The shares were acquired at an average cost of $54.47 per share, with a total value of $59,917.00. Following the acquisition, the director directly owned 13,205 shares of the company’s stock, valued at $719,276.35. The trade was a 9.09% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Lizanne Galbreath purchased 5,500 shares of the firm’s stock in a transaction that occurred on Tuesday, November 18th. The shares were acquired at an average price of $46.51 per share, with a total value of $255,805.00. Following the purchase, the director owned 25,714 shares in the company, valued at $1,195,958.14. This trade represents a 27.21% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders bought 96,209 shares of company stock valued at $4,573,353. 1.60% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on VAC shares. Morgan Stanley restated an “underweight” rating and issued a $52.00 price objective (down from $70.00) on shares of Marriott Vacations Worldwide in a report on Friday, January 16th. Truist Financial dropped their target price on Marriott Vacations Worldwide from $127.00 to $81.00 and set a “buy” rating on the stock in a report on Friday, November 14th. Wells Fargo & Company began coverage on Marriott Vacations Worldwide in a report on Tuesday, November 18th. They set an “underweight” rating and a $37.00 price target for the company. Mizuho downgraded Marriott Vacations Worldwide from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $85.00 to $58.00 in a report on Tuesday, November 11th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Marriott Vacations Worldwide in a research report on Monday, December 29th. Four research analysts have rated the stock with a Buy rating, one has given a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat.com, Marriott Vacations Worldwide has an average rating of “Reduce” and an average price target of $61.13.

Marriott Vacations Worldwide Stock Down 4.1%

Marriott Vacations Worldwide stock opened at $53.26 on Friday. The company has a market capitalization of $1.84 billion, a P/E ratio of 11.94, a PEG ratio of 1.38 and a beta of 1.33. The company has a debt-to-equity ratio of 2.29, a quick ratio of 3.22 and a current ratio of 3.87. Marriott Vacations Worldwide Corporation has a fifty-two week low of $44.58 and a fifty-two week high of $91.18. The stock has a 50-day simple moving average of $57.82 and a 200-day simple moving average of $64.25.

Marriott Vacations Worldwide Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 7th. Stockholders of record on Wednesday, December 24th were given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 6.0%. This is a boost from Marriott Vacations Worldwide’s previous quarterly dividend of $0.79. The ex-dividend date was Wednesday, December 24th. Marriott Vacations Worldwide’s payout ratio is 71.75%.

About Marriott Vacations Worldwide

Marriott Vacations Worldwide Corporation, headquartered in Orlando, Florida, specializes in the development, marketing and management of vacation ownership resorts and related products. Originally launched as a division of Marriott International in 1984, the company became a separate publicly traded entity in 2011. Since then, it has expanded its offerings through both organic growth and strategic acquisitions, establishing itself as a leading provider in the global timeshare industry.

The company’s core business activities include selling vacation ownership interests, managing a growing portfolio of branded resorts and operating a loyalty program that allows members to exchange or use points at affiliated properties.