EMC Capital Management Has $120,000 Stake in Marriott Vacations Worldwide Co. (NYSE:VAC)

EMC Capital Management reduced its holdings in shares of Marriott Vacations Worldwide Co. (NYSE:VAC) by 79.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 1,338 shares of the company’s stock after selling 5,092 shares during the quarter. EMC Capital Management’s holdings in Marriott Vacations Worldwide were worth $120,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Hotchkis & Wiley Capital Management LLC grew its stake in 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 purchasing an additional 168,130 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of Marriott Vacations Worldwide by 0.5% during the 3rd quarter. Victory Capital Management Inc. now owns 767,818 shares of the company’s stock worth $56,419,000 after buying an additional 3,983 shares in the last quarter. New South Capital Management Inc. grew its position in shares of Marriott Vacations Worldwide by 6.6% during the 3rd quarter. New South Capital Management Inc. now owns 364,394 shares of the company’s stock worth $26,776,000 after buying an additional 22,672 shares during the period. International Assets Investment Management LLC bought a new stake in shares of Marriott Vacations Worldwide in the 3rd quarter valued at $14,983,000. Finally, Pathstone Holdings LLC lifted its position in shares of Marriott Vacations Worldwide by 3.6% during the 3rd quarter. Pathstone Holdings LLC now owns 153,860 shares of the company’s stock valued at $11,306,000 after acquiring an additional 5,391 shares during the period. 89.52% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on VAC shares. The Goldman Sachs Group raised their price target on shares of Marriott Vacations Worldwide from $70.00 to $85.00 and gave the stock a “sell” rating in a report on Tuesday, December 10th. Stifel Nicolaus raised their target price on Marriott Vacations Worldwide from $102.00 to $112.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Barclays raised Marriott Vacations Worldwide from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $97.00 to $116.00 in a research note on Friday, December 13th. Morgan Stanley initiated coverage on Marriott Vacations Worldwide in a research note on Monday, January 6th. They issued an “underweight” rating and a $87.00 price objective for the company. Finally, StockNews.com raised Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Two equities research 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 MarketBeat.com, Marriott Vacations Worldwide presently has an average rating of “Hold” and a consensus price target of $105.67.

Marriott Vacations Worldwide Stock Up 2.5 %

VAC stock opened at $89.07 on Friday. The stock’s 50 day moving average is $90.67 and its 200-day moving average is $82.56. Marriott Vacations Worldwide Co. has a twelve month low of $67.28 and a twelve month high of $108.57. The firm has a market capitalization of $3.11 billion, a PE ratio of 16.97, a P/E/G ratio of 0.66 and a beta of 1.84. 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 Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Thursday, December 19th were issued a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a yield of 3.55%. This is an increase from Marriott Vacations Worldwide’s previous quarterly dividend of $0.76. The ex-dividend date of this dividend was Thursday, December 19th. Marriott Vacations Worldwide’s payout ratio is currently 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.