Marriott Vacations Worldwide Co. (NYSE:VAC) Stock Position Lowered by Pallas Capital Advisors LLC

Pallas Capital Advisors LLC decreased its position in Marriott Vacations Worldwide Co. (NYSE:VAC) by 10.7% in the fourth quarter, HoldingsChannel reports. The firm owned 31,493 shares of the company’s stock after selling 3,792 shares during the period. Pallas Capital Advisors LLC’s holdings in Marriott Vacations Worldwide were worth $2,828,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in VAC. AQR Capital Management LLC grew its position in Marriott Vacations Worldwide by 178.2% during the second quarter. AQR Capital Management LLC now owns 355,089 shares of the company’s stock valued at $29,771,000 after purchasing an additional 227,465 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Marriott Vacations Worldwide by 14.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,599,789 shares of the company’s stock valued at $139,687,000 after acquiring an additional 207,938 shares in the last quarter. International Assets Investment Management LLC acquired a new position in shares of Marriott Vacations Worldwide in the third quarter worth $14,983,000. Hotchkis & Wiley Capital Management LLC raised its holdings 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 worth $81,032,000 after acquiring an additional 168,130 shares in the last quarter. Finally, Tremblant Capital Group raised its holdings in shares of Marriott Vacations Worldwide by 79.7% during the second quarter. Tremblant Capital Group now owns 93,858 shares of the company’s stock worth $8,196,000 after acquiring an additional 41,616 shares in the last quarter. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

VAC has been the topic of several research reports. Stifel Nicolaus upped their target price on Marriott Vacations Worldwide from $102.00 to $112.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Barclays upgraded 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 report on Friday, December 13th. Morgan Stanley began coverage on shares of Marriott Vacations Worldwide in a report on Monday, January 6th. They issued an “underweight” rating and a $87.00 price objective for the company. StockNews.com upgraded Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Finally, The Goldman Sachs Group upped their price target on Marriott Vacations Worldwide from $70.00 to $85.00 and gave the stock a “sell” rating in a research note on Tuesday, December 10th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Marriott Vacations Worldwide presently has an average rating of “Hold” and a consensus price target of $105.67.

Marriott Vacations Worldwide Stock Performance

NYSE:VAC traded down $0.89 during mid-day trading on Monday, hitting $82.31. 386,892 shares of the company’s stock traded hands, compared to its average volume of 369,042. The firm has a market capitalization of $2.87 billion, a price-to-earnings ratio of 15.68, a price-to-earnings-growth ratio of 0.86 and a beta of 1.84. The firm has a 50 day moving average of $91.75 and a two-hundred day moving average of $82.34. The company has a current ratio of 3.53, a quick ratio of 2.86 and a debt-to-equity ratio of 2.19. Marriott Vacations Worldwide Co. has a 12 month low of $67.28 and a 12 month high of $108.57.

Marriott Vacations Worldwide Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Thursday, December 19th were paid a $0.79 dividend. This is an increase from Marriott Vacations Worldwide’s previous quarterly dividend of $0.76. The ex-dividend date was Thursday, December 19th. This represents a $3.16 annualized dividend and a dividend yield of 3.84%. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is presently 60.19%.

Marriott Vacations Worldwide Company 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.